BC-APFN-Business News Preview
Among the stories Tuesday from The Associated Press:
GENERAL MOTORS-RESTRUCTURING — Even though unemployment is low, the economy is growing and U.S. auto sales are near historic highs, General Motors is cutting thousands of jobs in a major restructuring aimed at generating cash to spend on innovation. By Tom Krisher. SENT: 1,100 words, photos, video.
METOO-DISOBEDIENCE AWARD — Three women influential in the #MeToo movement are receiving an MIT award that recognizes disobedience for the good of society. SENT: 150 words, photo.
BRITAIN-FACEBOOK — Lawmakers from nine countries grill a Facebook executive as part of an international hearing at Britain’s parliament on disinformation and “fake news.” SENT: 250 words, photo. UPCOMING: Will be updated.
MARKETS & ECONOMY:
FINANCIAL MARKETS — U.S. stocks are slipping as technology companies fall after President Donald Trump said he expects to put more tariffs on imports from China. By Marley Jay. SENT: 600 words, photos. UPCOMING: 700 words by 5 p.m.
CONSUMER CONFIDENCE — U.S. consumer confidence slipped this month but remains strong. By Paul Wiseman. SENT: 140 words, photos. UPCOMING: Will be updated.
HOME PRICES — U.S. home prices increased more slowly in September from a year ago as higher mortgage rates weighed on sales. By Christopher Rugaber. SENT: 360 words. UPCOMING: 300 words by 9:45 a.m.
JAPAN-AUTO ALLIANCES — The arrest of Nissan’s former chief executive Carlos Ghosn has raised doubts over the future of the alliance among automakers Nissan, Renault and Mitsubishi Motors that he helped to forge. This is not the first time East-West auto alliances in Japan have run afoul, underlining the challenges of such collaborations. Here’s a look at some other alliances and why they folded. By Yuri Kageyama. SENT: 690 words, photos.
CHICK-FIL-A-UNIVERSITY — Students at a private university in New Jersey can eat more chicken as long as it’s not Chick-fil-A. SENT: 140 words.
US SPORTS BETTING — Gambling companies, professional sports leagues, government officials and others discuss the rapidly growing legal sports betting market in the U.S. at a conference. By Wayne Parry. UPCOMING: Developing from conference, timing uncertain.
FEMALE FUNERAL DIRECTORS — A training program for the next generation of morticians and undertakers is testament to a change that is slowly remaking the funeral business. Sixty of the 75 students in the program at the State University of New York Canton are women, and those numbers are no fluke. By Ted Shaffrey. SENT: 600 words, photos, video.
PIPELINE LAWSUIT — An appeals court in upstate New York rules in favor of landowners who are fighting against a gas company’s plans to build a pipeline from Pennsylvania to Lake Ontario. SENT: 130 words.
ATM-MISTAKEN MONEY-TEXAS — An ATM in the Houston area has been shut down and was temporarily guarded by law officers after mistakenly dispensing $100 bills instead of $10s and word of the glitch got out on social media. SENT: 130 words.
TECHNOLOGY & MEDIA:
IVANKA TRUMP-IDAHO — Ivanka Trump, President Donald Trump’s daughter and White House adviser, is scheduled to visit a southwestern Idaho school district with Apple CEO Tim Cook. SENT: 130 words. UPCOMING: Will be updated from event scheduled for 1:15 p.m.; photos.
BRITAIN-UBER — The ride-hailing service Uber has been fined the equivalent of nearly $1.2 million by British and Dutch authorities for failing to protect customers’ data during a cyberattack in 2016. SENT: 270 words.
MALAYSIA-DISNEY-FOX — Resort developer Genting Malaysia has filed a lawsuit in California seeking at least $1 billion in damages from Walt Disney Co. and Fox Entertainment Group for alleged breach of contract related to a theme park, the company says. SENT: 260 words, photos.
AUSTRALIA-FAIRFAX-NINE-MERGER — A court dismisses a last-ditch challenge and approved the merger of television network Nine Entertainment with newspaper publisher Fairfax Media into an Australian media giant to be known only as Nine. SENT: 230 words.
GREECE-JOURNALISTS STRIKE — Greek journalists have walked off work for 24 hours ahead of a general strike that is expected to bring the country to a standstill to protest against protracted austerity measures. By Nicholas Paphitis. SENT: 410 words.
NETHERLANDS-DRONES — A scale model of a flying drone-car drove and hovered across an Amsterdam exhibition hall Tuesday, providing a glimpse of what could be the future of urban mobility. By Mike Corder. SENT: 420 words, photos.
NERDWALLET-MILLENIAL MONEY-NO GIFT EXCHANGE — It’s OK to bow out of secret Santas and other gift exchanges if you don’t have the funds to participate. By Kelsey Sheehy of NerdWallet. SENT: 740 words, photos.
BREXIT — The European Union’s highest court begins considering whether Britain can change its mind about leaving the EU, as Prime Minister Theresa May battled criticism of her divorce deal from U.K. politicians — and from U.S. President Donald Trump. By Jill Lawless and Raf Casert. SENT: 720 words, photos.
FRANCE-GAS PRICE PROTESTS — French President Emmanuel Macron is trying to defuse protests over rising fuel taxes by explaining his plans to wean the country off fossil fuels and promising to shift out of cheap nuclear energy more slowly. By Sylvie Corbet. SENT: 600 words, photos.
ITALY-BUDGET — Investors are welcoming with relief the Italian government’s indication that it is open to changing the draft budget that has led to a high-stakes standoff with the European Union. By Colleen Barry. SENT: 350 words, photo.
POLAND-CORRUPTION — Poland’s anti-corruption officers have detained the former head of a financial regulatory body who resigned recently after a media report he sought a bribe. SENT: 230 words.