BC-APFN-Business News Preview
Among the stories Friday from The Associated Press:
TRUMP’S TAXES — Getting President Donald Trump’s tax returns is high on the list of Democratic priorities now that they have won the House. By law, the leaders of tax-writing committees in the House and Senate can obtain tax returns and related information from the Internal Revenue Service. Yet there’s no guarantee that the Trump administration will provide the president’s returns. That sets up the possibility of a legal battle that could take years to resolve. By Marcy Gordon. SENT: 1,260 words, photos.
CHINA-STOCK MARKET BLUES — The Chinese government is struggling, with limited success, to restore confidence in its stock market after a 30 percent price plunge. By Joe McDonald. SENT: 1,250 words, photos. First moved late Thursday.
FRANCE-PLANE IMPOUNDED — Ryanair pays 525,000 euros ($610,000) in subsidies back to French authorities in order to end a tarmac standoff that forced 149 passengers to disembark from an impounded plane. SENT: 150 words, photo. UPCOMING: Will be updated.
MARKETS & ECONOMY:
FINANCIAL MARKETS — Stocks are falling as energy companies are dragged lower by the continuing plunge in crude oil prices. SENT: 400 words, photos. UPCOMING: Will be updated through 5 p.m.
PRODUCER PRICES — U.S. wholesale prices rose by the most in six years last month, led higher by more expensive gas, food, and chemicals. By Christopher Rugaber. SENT: 390 words, photo.
KEYSTONE XL PIPELINE — Environmentalists are lauding a federal court order that blocks a Trump administration permit for the construction of the Keystone XL pipeline, pending an environmental review. SENT: 250 words, photos.
MEDICARE-NEW BENEFITS — In a harbinger of potentially big changes for Medicare, seniors in many states will be able to get additional services such as help with chores, safety devices and respite for caregivers next year through private “Medicare Advantage” insurance plans. By Ricardo Alonso-Zaldivar. SENT: 910 words, photos.
CHINA-AUTO SALES — China’s auto sales sank for a fourth month in October as an unexpectedly painful slump in the global industry’s biggest market deepened. By Joe McDonald. SENT: 610 words, photos.
JAPAN-NAOMI OSAKA — Naomi Osaka used a powerful forehand and a matching serve to win the U.S. Open against Serena Williams. Off the court — on the marketing front — experts say she could have the same potential as Williams, and maybe more. By Yuri Kageyama. SENT: 800 words, photos.
TECHNOLOGY & MEDIA:
HONG KONG-FINANCIAL TIMES — The Asia editor of the Financial Times has been refused entry to Hong Kong, weeks after he was denied a new work visa in what critics call an ominous sign of Beijing encroaching on the semi-autonomous Chinese territory’s civil liberties. SENT: 630 words, photos.
HALFWAY-TV RATINGS — After years of declines, NFL television ratings are showing modest gains. Three of the league’s television partners have shown increases after the first nine week of the season while one remains flat. That is welcome news after ratings decreased 9.7 percent last season and 8 percent in 2016. By Joe Reedy. SENT: 730 words, photos.
NERDWALLET-VETERANS-STUDENT RIGHTS — Veterans and active-duty service members who have student loans can access repayment benefits that may help them avoid default. These benefits include repayment options, loan forgiveness opportunities and a lower interest rate. By NerdWallet columnist Anna Helhoski. UPCOMING: 750 words by 11 a.m., photo.
BRITAIN-ECONOMY — A spike in consumer spending driven by warm weather and England’s surprise advance to the semifinals of the soccer World Cup helped the British economy post its best growth in nearly two years during the third quarter, official figures showed. By Pan Pylas. SENT: 570 words.
VIETNAM-CUBA — The leaders of Vietnam and Cuba on Friday pledged to deepen relations between two of the world’s few remaining communist countries. SENT: 300 words, photos.
GERMANY-DEPARTMENT STORES — Germany’s antitrust authority has cleared the planned merger of the country’s two main department store chains, ruling that it doesn’t threaten competition at a time when online retail is rising. SENT: 140 words.
BRAZIL-CORRUPTION — Brazilian police have arrested a former chairman of the world’s largest meatpacker whose testimony was central to allegations of corruption against the president. SENT: 150 words.
ROMANIA-MINIMUM WAGE — Romania’s government has passed an emergency ordinance that will create two different levels for the minimum national wage. SENT: 130 words.