BC-Business News Preview
Among the stories Tuesday from The Associated Press:
US-CHINA-INVESTMENT — Already threatened by escalating U.S. tariffs on its goods, China is about to find it much harder to either invest in the United States or buy American technology. President Donald Trump is expected this week to sign legislation to tighten scrutiny of foreign investment and sensitive technology exports. The law doesn’t single out China, but there’s little doubt the intended target is Beijing, which the administration wants to punish for its tactics in trying to supplant America’s technological dominance. By Paul Wiseman. UPCOMING: 800 words at 3 p.m.
CHINA TARIFFS-TECHNOLOGY — The price of headphones, speakers, high-tech lighting, and smart watches could all go up if the Trump administration’s trade war with China continues. It remains unclear exactly how much prices might go up, since some of the duties on Chinese products are still pending. Some large technology companies might also absorb the extra costs in order to keep prices low. By Michael Liedtke and Eleni Gill. SENT: 130 words, photos. UPCOMING: 1,000 words.
SMALL BUSINESSES-STRUGGLING TO HIRE — Even with the U.S. economy booming and the job market strong, hiring has slowed among one category of employers: small businesses. Yet it isn’t because these companies are hurting; most remain optimistic and report healthy sales. Rather, small companies are being hamstrung by the economy’s very strength: A shrunken pool of job seekers has forced them to compete with larger employers, which typically can offer higher pay and more generous benefits. By Christopher Rugaber. UPCOMING: 800 words by 1 p.m.
FAA-CONGRESS — As summer vacationers start to pack up and head home, Congress is considering a sweeping tally of proposals that could affect travelers, from dictating seat size and legroom to rolling back rules that require airlines to advertise the full price of a ticket. By David Koenig. SENT: 1,000 words, photos.
ELECTRONIC DRIVERS-FAILING THE TEST — Cars and trucks with electronic driver assist systems make not see stopped vehicles and could even steer you into a crash if you’re not paying attention, an insurance industry group warns. The Insurance Institute for Highway Safety, in a paper titled “Reality Check,” issues the warning after testing five of the systems from Tesla, Mercedes, BMW and Volvo on a track and real roads. The upshot is they aren’t perfect, but they can help in some circumstances. By Tom Krisher. SENT: 590 words, photos.
MARKETS & ECONOMY:
FINANCIAL MARKETS — U.S. stocks are rising again as strong company earnings lift the market. The benchmark S&P 500 index is up for the fourth day in a row and fifth out of the last six. Technology companies and banks are making some of the largest gains. Overseas markets are also higher. By Marley Jay. SENT: 670 words, photos. UPCOMING: 700 words by 5 p.m.
JOB OPENINGS — The Labor Department reports on job openings and labor turnover for June. By Christopher Rugaber. UPCOMING: 130 words after release of report at 10 a.m. 350 words by 11:15 a.m.
CONSUMER BORROWING — The Federal Reserve releases its June report on consumer borrowing. By Josh Boak. UPCOMING: 130 words after release of report at 3 p.m. 300 words by 3:45 p.m.
EARNS-WALT DISNEY — The entertainment behemoth reports quarterly results. UPCOMING: 250 words, photo after release of report at about 4 p.m.
ITALY-EARNS-UNICREDIT — UniCredit says its second-quarter profits grew by 8 percent as the Italian bank pushes reforms aimed at raising capital and cutting costs. SENT: 130 words.
ICAHN-CIGNA — Carl Icahn is urging Cigna shareholders to reject the health insurer’s attempted multi-billion dollar takeover of Express Scripts, saying it’s paying too much for a company with a shaky future. By Tom Murphy. SENT: 580 words, photo.
ARSENAL-KROENKE — Majority shareholder Stan Kroenke has made an offer to take full ownership of Arsenal in a deal that would value the English Premier League club at 1.8 billion pounds ($2.3 billion). SENT: 510 words, photo.
DP WORLD-UNIFEEDER — Dubai-based port operator DP World says it has bought Denmark-based Unifeeder Group for some $764 million. SENT: 120 words.
TECHNOLOGY & MEDIA:
TOKYO-2020-SECURITY — A facial recognition system will be used across an Olympics for the first time as Tokyo organizers work to keep security tight and efficient at dozens of venues during the 2020 Games. By Mari Yamaguchi. SENT: 280 words, photos.
BRITAIN-INDIA-RIDE HAILING — Indian ride-hailing service Ola is stepping up its international expansion with plans to launch in the U.K., its second overseas market. SENT: 130 words, photo.
NERDWALLET-MOVING EXPENSES — Moving to a new place can be taxing — emotionally and financially. Preparing a budget can help. Aside from the cost of hiring movers, consider less-obvious expenses like packing materials, furniture covers and storage. By Lauren Schwahn. NerdWallet. UPCOMING: 800 words, photo by 11 a.m.
UNITED STATES-IRAN — U.S. sanctions that kicked in early Tuesday against Iran are meant to pressure Tehran’s government into retreating from its support for international terrorism, its military activity in the Middle East and its ballistic missile and nuclear-related programs, President Donald Trump’s national security adviser said. By Susannah George and Zeke Miller. SENT: 870 words, photos.
NEW ZEALAND-EU-IRAN — The European Union’s foreign policy chief encouraged companies to do more business with Iran despite new U.S. sanctions, saying Tehran had upheld its commitments under the deal to limit its nuclear program. SENT: 580 words, photos.
ROMANIA-DANUBE-EU FUNDS — A European Union official says Romania will receive 59 million euros ($68 million) to modernize shipping routes along the River Danube. SENT: 140 words.
GERMANY-FRANKFURT AIRPORT — Police evacuate part of a terminal at Germany’s busiest airport after a security official mistakenly allowed a French family that hadn’t completed required security checks into a secure area. SENT: 160 words, photos.