BC-Business News Preview
Sep. 13, 2018
Among the stories Thursday from The Associated Press:
FINANCIAL CRISIS-WHAT'S CHANGED — A look at what's changed and what hasn't in the 10 years since the peak of the financial crisis when Lehman Brothers collapsed and Wall Street teetered. By Josh Boak. UPCOMING: 1,200 words by 10 a.m., photos, video.
MORTGAGE LENDING-THEN AND NOW — During last decade's housing bubble, obtaining a mortgage was easier than getting a flu shot. Then banks restricted their qualifying requirements for mortgage loans following the mortgage meltdown and passage of Dodd-Frank. A look at what it takes to qualify for a mortgage today, and how much the pendulum has swung back toward easier credit and the re-emergence of subprime lending. By Alex Veiga. UPCOMING: 900 words by 2 p.m., photos.
OF MUTUAL INTEREST-A DECADE LATER — A look at how fund investing has changed over the last decade. Ten years after the financial crisis, investors are more interested in bonds than stocks, and index funds over actively managed ones. By Stan Choe. UPCOMING: 300 words by noon, photos, graphics.
APPLE WATCH-GOING MEDICAL — Apple is trying to turn its smartwatch from a niche gadget into a lifeline to better health by slowly evolving it into a medical device. By Michael Liedtke. SENT: 800 words, photos.
TRUMP-DIMON — President Donald Trump scoffs at JPMorgan Chase CEO Jamie Dimon's claim that he could "beat" Trump and is just as tough and smarter than the president. By Laurie Kellman. SENT: 370 words, photo.
— BUSINESSMEN-POLITICAL DREAMS — A look at businessmen who have run, won, or were rumored to seek the U.S. presidency. UPCOMING.
TRUMP-GOOGLE — A recently leaked video from 2016 shows Google executives lamenting the election of Donald Trump, who has accused the company of doctoring search results for his name. SENT: 310 words, photo.
US-CHINA-TARIFFS — Washington has invited Beijing to hold new talks on their escalating tariff dispute, the Chinese foreign ministry said, ahead of a decision by President Donald Trump on whether to raise duties on $200 billion of Chinese imports. By Joe McDonald. SENT: 850 words, photo.
— CHINA-US TARIFFS — The American Chamber of Commerce in China releases a survey of how its member companies are affected by the U.S.-Chinese tariff battle. UPCOMING: Timing uncertain.
MARKETS & ECONOMY:
FINANCIAL MARKETS — U.S. stocks are climbing after the Labor Department said inflation slowed a bit in August. SENT: 700 words. UPCOMING: 700 words by 5 p.m.
TAX OVERHAUL-PART TWO — A Republican proposal to expand last year's tax overhaul by making permanent the individual tax cuts and small-business breaks is set for debate by a key committee on its way to a likely pre-election vote by the House. The move comes over the unanimous objection of Democratic lawmakers. The legislation's prospects are dim in the Senate. By Marcy Gordon. (ETA uncertain)
CONSUMER PRICES — Consumer prices rose 2.7 percent in August from a year earlier, with higher housing and gasoline costs driving most of the increase. By Josh Boak. SENT: 290 words, photos.
BUDGET DEFICIT — The Treasury Department releases federal budget data for August. By Martin Crutsinger. UPCOMING: 130 words after release of report at 2 p.m. 250 words by 2:45 p.m.
MORTGAGE RATES — Freddie Mac reports on this week's average U.S. mortgage rates. UPCOMING: 130 words after release of report at 10 a.m. 250 words by 10:45 a.m.
WALMART-JET-NIKE — Walmart-owned Jet.com will soon sell Nike products on its site as it seeks to catch up with Amazon ahead of the holiday shopping season. By Joseph Pisani. SENT: 130 words, photos.
GENERAL MOTORS-RECALL — General Motors is recalling more than a million big pickup trucks and SUVs in the U.S. because the power-assisted steering can briefly shut down. SENT: 150 words, photo.
ENERGY ROYALTIES-PUBLIC LAND — A Trump administration committee is meeting in Colorado to consider a change in the way energy companies calculate how much money they owe for extracting and selling publicly owned natural gas. SENT: 130 words. UPCOMING: Will be updated.
TECHNOLOGY & MEDIA:
CBS-AFTER MOONVES — Les Moonves built CBS into a crown jewel network that outperformed its rivals. Now that he's gone, what's next for CBS? By David Bauder. SENT: 930 words, photos.
CBS NEWS-FAGER — CBS News reporter Jericka Duncan says she felt threatened when "60 Minutes" boss Jeff Fager sent her a text message to "be careful" when she questioned him about reports that he tolerated an abusive environment at the newsmagazine. SENT: 130 words, photo. UPCOMING: Will be updated.
TECH FOR THE DISABLED — Technology advances are helping the disabled in new ways: car windows that translate the passing scenery into tactile drawings for the blind, and gloves that transcribe sign language into text. Some of these innovations, like voice recognition, end up finding mainstream use. By Danica Kirka. SENT: 1,040 words, photos.
QUALCOMM-STOCK BUYBACK — Qualcomm is buying back $16 billion of its own stock as part of a broader goal of repurchasing up to $30 billion of its shares. SENT: 100 words.
DENMARK-UBER — Denmark's top court has confirmed that four drivers should be fined for working for Uber in the Scandinavian country, paving the way for some 1,500 other Uber drivers to be prosecuted for illegally operating taxis. SENT: 140 words.
ELECTION 2018-OHIO-GOVERNOR-MEDIA FIRM — An advertising and media firm to which Ohio gubernatorial candidate Richard Cordray's agency gave government work while he was a federal official now is doing political work for him. By Julie Carr Smyth. SENT: 730 words.
NERDWALLET-COBRAND CARDS-REWARDS — Credit cards featuring brands are offering higher credit card rewards for everyday spending, such as restaurants, gas stations and grocery stores. Here's what to know about the trend. By Gregory Karp. NerdWallet. UPCOMING: 780 words by 11 a.m.
EUROPE-ECONOMY — The European Central Bank confirms it is halving the size of its monthly bond-buying stimulus program as it scales back its post-crisis emergency efforts before stopping them at the end of the year. By David McHugh. SENT: 600 words, photos. UPCOMING: Will be updated.
BRITAIN-ECONOMY — The Bank of England has kept its main interest rate on hold at 0.75 percent as policymakers await developments in Britain's looming exit from the European Union. By Pan Pylas. SENT: 400 words, photo.
BREXIT — Britain warns the European Union that it will withhold billions of euros (dollars) of a promised divorce payment if there is no Brexit deal. SENT: 280 words, photos.
FRANCE-MACRON-POVERTY — French President Emmanuel Macron, often branded by critics as the president of the rich, has unveiled an 8 billion-euro ($9 billion) plan to tackle poverty. SENT: 130 words, photos.
TURKEY-ECONOMY — Turkish President Recep Tayyip Erdogan on Thursday reiterated his opposition to interest rate hikes as the central bank was set to discuss possible changes to its monetary policy amid broad concerns over the weakening currency. SENT: 580 words, photo.
JAPAN-FISH MARKET — As a brass band blared "Anchors Aweigh," Tokyo's governor led an opening ceremony for the Japanese capital's new fish market and tried to assuage concerns about contamination at the site that delayed the move from the famed Tsukiji market. By Yuri Kageyama. SENT: 450 words, photos.
SOUTH AFRICA-GUN VIOLENCE — South Africa is the first country outside the United States to implement a new technology that can detect a gun's location after it fires and immediately alerts police. By Neil Shaw. SENT: 420 words, photos.
SPAIN-SAUDI-ARMS SALES — Spain will go ahead with a shipment of precision bombs to Saudi Arabia, reversing on a previous decision and angering activists who claim the weapons could harm civilians in Yemen. By Aritz Parra. SENT: 500 words, photo.
MALAYSIA-CORRUPTION — A top Malaysian lawyer for former Prime Minister Najib Razak is charged with receiving 9.5 million ringgit ($2.3 million) in ill-gotten wealth from his client, who is himself accused of money laundering and corruption. By Eileen Ng. SENT: 540 words.
EUROPE-UKRAINE-RUSSIA — The European Union has extended by six months sanctions against senior Russian officials, lawmakers and military officers accused of meddling in Ukraine. SENT: 130 words, photos.