BC-APFN-Business News Preview
Among the stories Wednesday from The Associated Press:
GADGET SHOW-VIRTUAL REALITY-FAILURE TO LAUNCH — Once again, virtual reality (and augmented reality) have been touted as the next big thing and once again, they have failed to take off despite high-profile hardware debuts and splashy ad campaigns. Clunky headsets and a lack of compelling VR software has held the industry back. By Mae Anderson. UPCOMING: 780 words by 10 a.m., photos.
CHINA-TRADE — Three days of U.S.-Chinese talks aimed at ending a costly tariff battle wrapped up in an optimistic atmosphere after President Donald Trump said they were “going very well!” By Joe McDonald. SENT: 910 words, photos.
MARKETS & ECONOMY:
FINANCIAL MARKETS — Share prices around the world surge further amid hopes the U.S. and China are on course to resolve their trade dispute following three days of discussions in Beijing. SENT: 420 words, photos. UPCOMING: 700 words by 5 p.m.
FEDERAL RESERVE-MINUTES — The Federal Reserve releases minutes from its December meeting when it raised its benchmark interest rate for the fourth time this year. By Martin Crutsinger. UPCOMING: 130 words after 2 p.m. release. 350 words by 2:45 p.m.
SAUDI-OIL — Saudi energy minister gives news conference amid rumors of an oil production cut by the kingdom to boost global prices. UPCOMING, timing uncertain.
JAPAN-NISSAN — Nissan is showing the beefed up version of its hit Leaf electric car as the Japanese automaker seeks to distance itself from the arrest of its star executive Carlos Ghosn. By Yuri Kageyama. SENT: 460 words, photos.
JAPAN-NISSAN-GHOSN — The appeal by the lawyers of Carlos Ghosn, Nissan’s former chairman, against his prolonged detention since his arrest Nov. 19 is rejected by the Tokyo District Court. By Yuri Kageyama. SENT: 370 words, photos.
CANADA-GM CLOSURE — Unionized workers at the General Motors assembly plant in Oshawa, Ontario, are holding another sit-down protest over the planned closure of the facility that would lead to the loss of 3,000 jobs. SENT: 130 words.
HERBALIFE-CEO — Shares of Herbalife are down more than 2 percent after the resignation of CEO Richard Goudis over comments he made before he became the company’s top executive. SENT: 130 words, photo.
TRANSCANADA-NAME CHANGE — TransCanada Corp., the company behind the contentious Keystone XL oil pipeline, is changing its name to TC Energy. SENT: 130 words, photo.
TECHNOLOGY & MEDIA:
VIETNAM-FACEBOOK — Facebook defends itself against allegations that it allows illegal content in violation of Vietnam’s new cybersecurity law. SENT: 430 words, photo.
ON THE MONEY-RIDE-HAILING SUBSCRIPTIONS — Ride-hailing giants Uber and Lyft have launched subscription plans promising savings for trips to the gym, to work or around town. But customers should figure out if the numbers add up before committing to one ride provider. By Cathy Bussewitz. UPCOMING: 870 words, photos.
BEHIND THE WHEEL-CAR TECH TRENDS — CES in Las Vegas gives us a glimpse of where automakers believe vehicles are headed in the future. Here are a few near-term trends and some that might not materialize any time soon. By Ronald Montoya of Edmunds. SENT: 850 words, photo.
EUROPE-ECONOMY — Official figures show that unemployment across the 19-country eurozone fell in November to a decade-low rate of 7.9 percent but worries over the economic outlook have stoked concerns that it may not fall much lower. By Pan Pylas. SENT: 520 words, photo.
BREXIT — Britain’s government and its lawmakers are set to clash as Prime Minister Theresa May brings her little-loved Brexit deal back to Parliament, a month after postponing a vote on the agreement to stave off near-certain defeat. By Jill Lawless. SENT: 640 words, photos.
SOUTH KOREA-JAPAN-FORCED LABOR — A South Korean court orders the seizure of local assets of a Japanese company after it refused to compensate Korean laborers who were forcibly employed during Japan’s colonial rule, in an escalation of a diplomatic brawl between the Asian neighbors. By Hyung-Jin Kim. SENT: 620 words, photos.
BANGLADESH-GARMENT WORKERS — Bangladesh police fire tear gas and swing batons as thousands of garment workers demonstrate for better wages for a fourth day, shutting down factories on the outskirts of the capital. SENT: 290 words, photos.
GERMANY-AIRPORT STRIKE — A German labor union is calling on security staff at three German airports to stage a strike Thursday amid ongoing pay negotiations. SENT: 110 words.
FRANCE-OBIT-AUGIER — Jeanne Augier, the millionaire owner of a luxury French Riviera hotel appreciated by celebrities and royalty, has died. She was 95. SENT: 130 words, photos.