BC-APFN-Business News Preview
Among the stories Monday from The Associated Press:
CANADA-US-FREE TRADE— Canada was back in a revamped North American free trade deal with the United States and Mexico late Sunday after weeks of bitter, high-pressure negotiations that brushed up against a midnight deadline. By Rob Gillies and Paul Wiseman. SENT: 650 words, photos.
HIGH SPEED-WIRELESS AT HOME — Telecom providers are pouring billions into making new high-speed wireless data a reality. But your first experience with the higher-speed service might not be through your phone at all, but your living room, with broadband TV streaming -- without a cable. Verizon and others are rolling out their 5G networks in cities this year, which could mean tough competition for traditional cable and broadband providers — but only if the service turns out to be affordable and effective. By Mae Anderson. SENT: 1,000 words, photos.
NET NEUTRALITY — California Gov. Jerry Brown has approved the nation’s strongest net neutrality law, prompting an immediate lawsuit by the Trump administration and opening the next phase in the battle over regulating the internet. By Jonathan J. Cooper. SENT: 600 words, photo.
GE-CEO — After less than two years and declines on several fronts at General Electric, John Flannery has been ousted as the leader of the century-old company. SENT: 510 words, photo.
PFIZER-CEO CHANGE — The biggest U.S.-based drugmaker will change leaders in January when Pfizer Chief Operating Officer Albert Bourla replaces CEO Ian Read, who has led the company for nearly eight years. SENT: 280 words, photo.
SAME-DAY DELIVERY — Same-day delivery promises shoppers the tantalizing convenience of online ordering tied to the immediacy of store buying. But how well are stores pulling it off? Retail reporter Anne D’Innocenzio settled in on her couch and spent a Friday trying six different services from traditional retailers to online-only merchants. The results - and the fees - varied a lot. By Anne D’Innocenzio. UPCOMING: 720 words by 10 a.m., with photo, video.
TESLA-MUSK-CONTROL — It won’t be an easy job. Whoever becomes the new chairman of Tesla Motors will face the formidable task of reining in Elon Musk, the charismatic, visionary chief executive with an impulsive streak, while also helping Musk achieve his dream of turning Tesla into a profitable, mass-market producer of environmentally-friendly electric cars. By Christopher Rugaber. SENT: 860 words, photo. First sent Sunday.
MARKETS & ECONOMY:
FINANCIAL MARKETS — Stocks are opening broadly higher on Wall Street, led by big gains in industrials after the U.S. reached a trade deal with Canada. SENT: 460 words, photos. UPCOMING: 700 words by 5 p.m.
CONSTRUCTION SPENDING — The Commerce Department reports on U.S. construction spending in August. By Martin Crutsinger. UPCOMING: 130 words after release of report at 10 a.m. 350 words by 10:45 a.m.
ISM MANUFACTURING — The Institute for Supply Management, a trade group of purchasing managers, issues its index of manufacturing activity for September. UPCOMING: 130 words after release of report at 10 a.m. 350 words by 10:45 a.m.
APPLIANCE JOBS-KENTUCKY — The Chinese-based parent company of GE Appliances is expected to make an announcement Monday about an investment at its vast manufacturing facility in Kentucky’s largest city. UPCOMING, timing uncertain.
FOR-PROFIT COLLEGES-DEVRY DEAL — A little-known venture capitalist is on the verge of acquiring one of the biggest for-profit colleges in the country, a transaction that would put him in control of a troubled national chain that’s more than 60 times the size of the tiny California school he currently owns. By Collin Binkley and Richard Lardner. SENT: 1,780 words, photos. An abridged version of 1,000 words also is available.
BRITAIN-RYANAIR — Ryanair, Europe’s biggest airline by passengers, has issued a profit warning for the year amid strikes and rising fuel prices. SENT: 140 words, photo.
PARIS AUTO SHOW — Diesel is in the doghouse. There’s a global fight over trade. Brexit is looming. Tighter vehicle emissions rules are on the way. Here’s what to watch out for at the Paris Motor Show, which opens to media for previews on Tuesday and to the public on Thursday. By David McHugh. SENT: 950 words, photos.
ITALY-FIAT CHRYSLER — The new CEO of Fiat Chrysler Automobiles has announced management changes two months after taking over following the unexpected death of long-time Chief Executive Sergio Marchionne. SENT: 140 words.
INDONESIA-COST OF DISASTERS — A recent string of natural disasters, the latest a deadly earthquake and tsunami in Indonesia, have exacted a severe toll both in economic damage and human lives throughout Asia. By Elaine Kurtenbach. SENT: 550 words, photos.
JAPAN-ECONOMY — A key quarterly economic survey by the Bank of Japan shows sentiment among large manufacturers dipped two points to 19, as worries grow about global trade tensions. SENT: 190 words, photo.
EUROPE-ITALY-ECONOMY — Italy is trying to reassure its eurozone partners over its plans to ramp up government spending, which have had financial markets and other governments worrying about the country’s public finances. SENT: 130 words.
DENMARK-BANKING-RUSSIA — Denmark’s largest bank says it has named an interim chief executive in what seems to be an attempt to more quickly address a massive money laundering scandal involving its Estonian subsidiary. SENT: 130 words.