BC-Business News Preview
Among the stories Thursday from The Associated Press:
OF MUTUAL INTEREST-3Q REVIEW — For investments this summer, it was all America First. Funds that focus on U.S. stocks charged to record heights, bolstered by Apple and other companies reporting profit gains that were even more eye-popping than analysts expected. Other areas of the market, though, didn’t fare as well. By Stan Choe. UPCOMING: 750 words by noon, photo.
FORD-TARIFFS — From Ford to Walmart to Procter & Gamble, a growing number of iconic American companies are warning that President Donald Trump’s tariffs on U.S. imports are raising their costs and prices. By Tom Krisher and Josh Boak. SENT: 700 words, photo.
MARKETS & ECONOMY:
FINANCIAL MARKETS — Stocks are edging higher in early trading on Wall Street, led by gains in market favorites Apple and Amazon. SENT: 500 words, photo. UPCOMING: 700 words by 5 p.m.
ECONOMY-GDP — The U.S. economy grew at a robust annual rate of 4.2 percent in the second quarter, the best performance in nearly four years, but economists believe growth has slowed in the current quarter, in part because of a drag from trade. By Martin Crutsinger. SENT: 540 words, photo.
FEDERAL RESERVE-POWELL — Federal Reserve Chairman Jerome Powell makes brief remarks on the economy as part of Senator Jack Reed’s Rhode Island Business Leaders Day. By Martin Crutsinger. UPCOMING: 130 words at 4:30 p.m. 250 words by 5:15 p.m.
DURABLE GOODS — Orders for long-lasting U.S. factory goods rose at a healthy pace last month, though the increase was mostly driven by a surge in aircraft demand. By Christopher Rugaber. SENT: 310 words, photo.
PENDING HOME SALES — Pending home sales slipped in August as fewer Americans signed contracts to purchase a house, the fourth decline in the past five months. By Josh Boak. SENT: 130 words, photo. UPCOMING: 350 words by 10:45 a.m.
MORTGAGE RATES — Freddie Mac reports on this week’s average U.S. mortgage rates. By Marcy Gordon. UPCOMING: 130 words after release of report at 10 a.m. 300 words by 10:45 a.m.
WTO-TRADE FORECAST — The World Trade Organization has lowered its global trade growth forecast for this year by one-half percentage point to a still-robust 3.9 percent, saying increased trade tensions between large economies and heightened uncertainty contributed to the downgrade. SENT: 220 words, photo.
RITE AID-BOARD SHAKE-UP — After two failed buyout attempts that could have put it in a better position to compete against larger rivals, Rite Aid is shuffling its board of directors and dividing power at the top of the drugstore chain. By Tom Murphy. SENT: 340 words, photo.
NETHERLANDS-IKEA-UNIONS — A group of unions is calling on the Dutch government to investigate Swedish home furnishings giant Ikea over allegations three of its stores in the United States, Ireland and Portugal have infringed workers’ rights. SENT: 150 words.
SUPER BOWL TICKETS-LAWSUIT — New Jersey’s Supreme Court is set to hear arguments in a lawsuit that claims the NFL violated state consumer fraud laws with its ticketing policies for the 2014 Super Bowl at MetLife Stadium. SENT: 120 words. UPCOMING: Will be updated from 10 a.m. hearing.
IRELAND-PLANE CHASER — A man who missed his flight at Dublin Airport was arrested Thursday for running after the plane on the tarmac in a bid to flag it down. SENT: 190 words, photo.
TECHNOLOGY & MEDIA:
EUROPE-FACEBOOK — European Union lawmakers appear set this month to demand audits of Facebook by Europe’s cybersecurity agency and data protection authority in the wake of the Cambridge Analytica scandal. By Lorne Cook. SENT: 340 words, photo.
CHINA-LENOVO — Interview with chief technology officer of Lenovo Group, Yong Rui, about the computer maker’s artificial intelligence plans. UPCOMING, timing uncertain.
AUSTRALIA-PUBLIC BROADCASTER — The chairman of the Australian Broadcasting Corp. resigns over allegations that he pressured the independent national broadcaster to fire two political journalists because the ruling conservative government disliked them. By Rod McGuirk. SENT: 640 words, photos.
KAVANAUGH-YOUTH CONDUCT — The firestorm surrounding President Donald Trump’s pick for the Supreme Court over the nominee’s behavior in the 1980s has reinforced a warning today’s social media-savvy high school students have grown up hearing: What they say and do now will live well past graduation. By Carolyn Thompson. SENT: 730 words, photo.
CHINA-US-INTERFERENCE — Beijing has urged the United States to stop slandering China after President Donald Trump accused the Asian giant of trying to interfere in the upcoming American congressional elections by opposing his tough trade policies. SENT: 370 words.
GERMANY-ECONOMY — Leading German economic institutes have sharply reduced their latest forecast for this year’s growth, citing trade worries, weakening demand from abroad and companies’ difficulty finding workers with the right skills. SENT: 140 words, photo.
ITALY-BUDGET — Tensions surrounding the spending plans of Italy’s new populist government are weighing on the country’s stocks and bonds. SENT: 140 words, photo.
SPAIN-DRIVER PROTEST — Hundreds of drivers are blocking a central artery in the Spanish capital to protest the government’s plan to approve new rules limiting the operations of app-based ride-hailing services. SENT: 130 words, photos.
GREECE-ECONOMY — Greek authorities say they will soon lift restrictions on domestic cash withdrawals imposed more than three years ago to prevent a bank run by depositors at the height of the country’s debt crisis. SENT: 130 words.
JAPAN-WHALING — A senior Japanese whaling negotiator says Tokyo will continue to seek a resumption of commercial whaling despite the recent defeat of its proposal by the International Whaling Commission. SENT: By Mari Yamaguchi. 400 words, photos.
FRANCE-WORKPLACE DISCRIMINATION — The French government’s human rights watchdog says one out of four employees has experienced discrimination at work because of their race, sexual orientation, religion, skin color, gender, poor health or disability. SENT: 130 words.