BC-Business News Preview
Among the stories Thursday from The Associated Press:
GENE-EDITED ANIMALS — “Castration-free” pigs and hornless dairy cows. They’re the farm animals being brought to life by a gene-editing company. Minnesota-based Recombinetics Inc. is betting its ability to add and subtract genes will prove valuable in livestock production, where dairy cows are already scored based on traits like milk production and udders shaped for milking machines. By Candice Choi. SENT: 1,100 words, photos, video.
MARKETS & ECONOMY:
FINANCIAL MARKETS — Stocks are opening mostly lower on Wall Street, extending the market’s losing streak into a sixth day. SENT: 150 words, photos. UPCOMING: Will be updated through 5 p.m.
RETAIL SALES — U.S. retail sales rose at a healthy pace in October, though the gains were likely boosted by one-time factors such as hurricane recovery spending and higher gas prices. By Christopher Rugaber. SENT: 480 words, photos.
MORTGAGE RATES — Freddie Mac reports on this week’s average U.S. mortgage rates. UPCOMING: 130 words after release of report at 10 a.m. 300 words by 10:45 a.m.
CHINA-US-TRADE — Washington and Beijing have resumed talks over their spiraling trade dispute ahead of a meeting between Presidents Xi Jinping and Donald Trump, China’s Commerce Ministry said Thursday. SENT: 460 words, photos.
SHORT-TERM RENTALS — The Washington city council has voted to impose tight limits on Airbnb and other short-term rental companies. SENT; 140 words.
EARNS-WALMART — Walmart is reporting surging online sales, strong performances at established stores, and it’s raising profit expectations for the year heading into the holiday shopping season. By Anne D’Innocenzio. SENT: 980 words, photos.
WALMART-Q&A-GREG FORAN — Interview with Walmart’s US CEO. UPCOMING: 750 words, photo, video.
SPORTS BETTING — New Jersey regulators reveal how much the state’s fast-growing sports betting market took in during October.
EARNS-JC PENNEY — Shares of J.C. Penney plunged before the opening bell after the company withdrew profit guidance and lowered its sales expectations for the year. SENT: 480 words, photos.
TECHNOLOGY & MEDIA:
AMAZON-HQ-TRANSIT — Commuters beware: New York and Washington’s clogged streets and creaky subway systems are about to feel more pain as 50,000 more people descend on the two metro areas where Amazon will open new headquarters. By Cathy Bussewitz. SENT: 1,070 words, photos.
NERDWALLET-TEEN TALK-COLLEGE COSTS — Start discussing college costs with your children when they’re in high school so you all share realistic expectations about who will pay for what. By NerdWallet columnist Kevin Voigt. UPCOMING: 960 words by 11 a.m., photo.
BREXIT — Two British Cabinet ministers, including Brexit Secretary Dominic Raab, resigned Thursday in opposition to the divorce deal struck by Prime Minister Theresa May with the EU — a major blow to her authority and her ability to get the deal through Parliament. By Jill Lawless, Raphael Satter and Raf Casert. SENT: 940 words, photos.
ITALY-LUXURY MARKET — Chinese consumers will remain the driving force for luxury goods market, according to a new study by Bain consultancy released Thursday that shows they will fuel nearly half of global high-end sales by 2025. By Colleen Barry. SENT: 310 words, photos.
CHINA-HOTEL SCANDAL — At least four major international hotel chains apologized Thursday after hidden camera video of their room cleaning practices in China was posted online. SENT: 180 words.
CUBA FASHION — Cuba’s first online fashion outlet and Google will present a new line of clothing for the coming year, a sign of the increasing influence of the internet on the island’s consumers.