BC-Business News Preview
Among the stories Wednesday from The Associated Press:
SMALLBIZ-SMALLTALK-IF I COULD DO IT OVER — Small business owners often have things they wish they could do differently when they started their companies. Some say they were too cautious and should have hired help sooner. Others said they were working too hard, or fixated on things that weren’t that important. Some owners say they picked the wrong name. And some found they didn’t charge enough — and ended up not making enough money. By Joyce Rosenberg. UPCOMING: 1,000 words by noon, photo.
NOVARTIS-TRUMP LAWYER — Swiss pharmaceutical giant Novartis says its top lawyer is retiring over a deal to hire U.S. President Donald Trump’s personal lawyer, Michael Cohen, as a consultant. SENT: 410 words, photo.
TRUMP-INDONESIA-THEME PARK — A Chinese government-owned company has signed on to build a theme park in a vast development in Indonesia that also features a Trump hotel and condos, a deal that stands to benefit President Donald Trump’s company just as top Chinese envoys head to Washington for trade talks. By Bernard Condon and Jonathan Lemire. SENT: 590 words, photo.
UNITED STATES-CHINA — President Donald Trump says there has been “no folding” in his trade negotiations with China, as he addresses his efforts to help a Chinese telecommunications company that violated U.S. sanctions. SENT: 130 words.
ON THE MONEY-BRA SHOPPING ONLINE — Shopping for bras, particularly online, can be an exercise in frustration. Changing fashions and better fit tools on sellers’ websites are making it a bit easier. The recent popularity of bralettes and sports bras with less complicated sizing has made people feel more confident that what they buy online will fit when it gets to them. And some online startups use shopper surveys and other feedback to help find the right fit. UPCOMING, timing uncertain.
MARKETS & ECONOMY:
BRITAIN-BANKER-SEXIST REMARK — One of Britain’s top central bankers apologized Wednesday for saying the British economy is entering a “menopausal” moment, a sexist remark that prompted widespread criticism. By Pan Pylas. SENT: 440 words, photo.
FINANCIAL MARKETS — Stocks are edging higher in early trading as technology and consumer-focused companies rise. SENT: 410 words, photo. UPCOMING: 700 words by 5 p.m.
INDUSTRIAL PRODUCTION — U.S. factories cranked out more appliances, computers and aircraft last month, lifting manufacturing production for only the second time in five months. By Christopher Rugaber. SENT: 330 words, photo.
HOME CONSTRUCTION — U.S. builders broke ground on fewer apartment buildings last month, pushing overall home construction down 3.7 percent from March. By Paul Wiseman. SENT: 300 words, photo.
WALMART-LORD & TAYLOR — Walmart, long known for its “everyday low prices” mantra and as a place for basics, unveils Lord & Taylor store on its online site, part of a broader move to appeal to higher-income shoppers. By Anne D’Innocenzio. SENT: 440 words.
GREENPEACE-SINARMAS — Greenpeace has ended a five-year truce with one of the world’s largest paper companies, accusing it of cutting down tropical forests in Indonesia during the entire time the two were cooperating on conservation. By Stephen Wright. SENT: 970 words, photo.
BILL GATES-STATE SCHOOL PLANS — Billionaire philanthropist Bill Gates saw an opportunity with a new federal education law that has widespread repercussions for American classrooms. By Sally Ho. SENT: 1,250 words, photos.
EARNS-MACY’S — With customers in a mood to spend, particularly on clothing, Macy’s surpassed all profit and revenue expectations for the first quarter of the year and raising its outlook. By Michelle Chapman and Anne D’Innocenzio. SENT: 550 words, photo.
TECHNOLOGY & MEDIA:
AMAZON-WHOLE FOODS-PRIME — It’s Prime time at Whole Foods: Amazon is rolling out discounts for Prime members at the organic grocer. By Joseph Pisani. SENT: 230 words, photo.
CHINA-SEXUAL MISCONDUCT — The Los Angeles Times suspended the head of its Beijing bureau Wednesday after he was accused of sexual misconduct for a second time. By Yanan Wang. SENT: 510 words, photo.
BEHIND THE WHEEL-SEMI-AUTONOMOUS DRIVING — Self-driving cars aren’t here yet, but Edmunds takes a look at some 2018 cars that have sophisticated semi-autonomous systems. By Jason Kavanagh. SENT: 840 words, photos.
JAPAN-ECONOMY — Japan’s longest straight period of expansion in nearly three decades ended in the first quarter of this year as the economy shrank at an annualized rate of 0.6 percent. By Yuri Kageyama. SENT: 460 words, photo.
MALAYSIA-POLITICS — New Malaysian Prime Minister Mahathir Mohamad says his government will seek to retrieve billions of dollars from a state investment fund believed to have been laundered in the United States, Switzerland and several other countries. By Eileen Ng. SENT: 560 words, photos.
JAPAN-ENERGY — Japan’s government has proposed an energy plan that sets ambitious targets for nuclear energy use in the coming decade despite challenges after the 2011 Fukushima disaster. By Mari Yamaguchi. SENT: 320 words.