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BC-Business News Digest

June 25, 2014

Business News at 10 p.m.

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TOP STORIES:

UKRAINE-THE BIG PIVOT

KIEV, Ukraine — Ukraine will sign a sweeping trade deal this week with the European Union — the 1,200 page telephone book of a document that sparked a revolution. The dense, number-jammed agreement includes regulations and tariffs on just about everything: turkeys, tulips, cheese, and cars. Yet it’s far more than fine print — dozens of protesters died for it. Here’s a look at the promise and risk of the pivot toward Western Europe. By David McHugh. UPCOMING: 900 words by 4 a.m., to be updated after interview with milk tycoon; photos, videos.

UNITED STATES-RUSSIA

WASHINGTON — Sanctions aimed at key economic sectors in Russia because of its threatening moves in Ukraine might be delayed because of positive signals from Russian President Vladimir Putin, according to Obama administration officials. The United States and its European allies are finalizing a package of sanctions with the goal of putting them in place as early as this week, the officials and others close to the process say. By Julie Pace, Matthew Lee and Bradley Klapper. UPCOMING: 860 words, photo by 3 a.m.

MARKETS & ECONOMY:

ECONOMY-GDP

WASHINGTON — The government issues its third and final estimate of the U.S. economy’s performance in the January-March quarter. By Martin Crutsinger. UPCOMING: 130 words after release of report at 8:30 a.m., 350 words by 9:15 a.m., photos.

DURABLE GOODS

WASHINGTON — The Commerce Department reports on business orders for durable goods in May. In April, orders advanced for a third month, though much of the strength came from a surge in volatile orders for military aircraft. By Christopher S. Rugaber. UPCOMING: 130 words after release of report at 8:30 a.m., 400 words by 9:15 a.m., photo.

EARNINGS:

— EARNS-MONSANTO — Monsanto Co. reports quarterly financial results. UPCOMING: 130 words after release of report at about 7:30 a.m., 400 words by 9:30 a.m.

INTERNATIONAL:

SKOREA-SHIP SINKING-CHECKERED HISTORY

The company that operated the South Korean ferry that sank in April had a questionable safety record throughout its history, marred by frequent maritime accidents followed by sanctions from authorities. Chonghaejin Marine Co. sailors or upper-level managers were found to be the primary cause of at least five crashes between 2003 and this year. Though no one was killed in those accidents, experts say Chonghaejin’s license could have been suspended or even revoked, but the company’s monopoly on an important route may have made regulators hesitate. By Youkyung Lee. UPCOMING: 1,300 words by 2 a.m., photos.

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