BC-Business News Preview
Among the stories Tuesday from The Associated Press:
AMAZON HQ — Amazon names New York City and Arlington, Virginia as the two sites for its second headquarters. The decision ends an intense competition between North American cities to win Amazon and its promise of 50,000 new jobs. By Alan Suderman and Joseph Pisani. SENT: 470 words, photos.
AMAZON HQ-TWO CITIES — The communities that are expected to become homes to a pair of big, new East Coast bases for Amazon are both riverfront stretches of major metropolitan areas with ample transportation and space for workers. But there are plenty of differences between New York’s Long Island City and Crystal City in northern Virginia. By Jennifer Peltz and Matthew Barakat. SENT: 1,130 words, photos, video.
AMAZON AT A GLANCE — Whether you’ve bought shoes at Zappos, picked up milk at Whole Foods or listened to an audiobook on Audible, you’ve been caught up in Amazon’s growing web of businesses. By Joseph Pisani. SENT: 700 words.
— More on Amazon in the TECHNOLOGY & MEDIA section.
MEDIA-CNN VS TRUMP — CNN is suing the Trump administration, demanding that correspondent Jim Acosta’s press credentials to cover the White House be returned. SENT: 120 words. UPCOMING: Will be updated.
MYSTERY INGREDIENTS — Some artificial flavors are being ordered out of the food supply because they cause cancer in mice, but regulators and companies don’t have to say what foods they are in. By Candice Choi. UPCOMING: 800 words by 9 a.m.
PETCO-NATURAL FOOD — Petco announces it will stop selling dog and cat food and treats with artificial colors, flavors and preservatives, both online and at its nearly 1,500 stores in the U.S. and Puerto Rico. By Dee-Ann Durbin. SENT: 640 words, photos, video.
BLOWOUT-PUBLIC LAND DRILLING — The Bureau of Land Management is making it easier to produce oil and gas on federal acreage. In southeastern New Mexico, it can’t even keep up with what’s already happening. By Rachel Leven of the Center for Public Integrity. SENT: 2,600 words, photo. An abridged version of 830 words also is available.
MARKETS & ECONOMY:
FINANCIAL MARKETS — Stocks are opening higher on Wall Street following a big plunge led by technology stocks the day before. SENT: 530 words, photo. UPCOMING: 700 words by 5 p.m.
BUDGET DEFICIT — The Treasury Department releases federal budget data for October. By Martin Crutsinger. UPCOMING: 130 words after release of report at 2 p.m. 250 words by 2:45 p.m.
WALMART-FLIPKART CEO — The co-founder of Flipkart, the massive online retail operation in India acquired by Walmart this year, is stepping down following an allegation of serious personal misconduct. SENT: 370 words, photo.
ICELAND-TRANSATLANTIC FLYING — For those hoping for ever cheaper fares on long-haul flights, this month’s takeover of Icelandic airline Wow is not good news. By Egill Bjarnason. SENT: 720 words, photo.
JOHNSON CONTROLS-SALE — Johnson Controls International PLC is selling its power solutions division to Brookfield Business Partners LP for $13.2 billion. SENT: 120 words.
UNSAFE TOYS — A Boston-based child safety group is releasing its annual holiday list of the 10 most hazardous toys. UPCOMING.
FASHION-BARBIE FOR HUMANS — One of the largest sellers of vintage-inspired fashion has recreated some of Barbie’s most iconic early looks for humans. Unique Vintage, based in Burbank, California, is the first company to collaborate with Mattel to design and sell a fashion line based on Barbie outfits. And in sizes up to 4X. By Leanne Italie. UPCOMING: 880 words by 2 p.m., photos, video.
WITCHES CHEESE-COPYRIGHT — The European Union’s highest court hasn’t fallen under the spell of Dutch witches’ cheese. SENT: 130 words.
EARNS-HOME DEPOT — Home Depot breezed past all expectations in the third quarter and raised its annual profit expectations again as Americans plow money into their homes, even with hints that the housing market is cooling. SENT: 430 words, photo.
TECHNOLOGY & MEDIA:
AMAZON HQ-SEATTLE LESSONS — Seattle has enjoyed the benefits - and the downsides - of being Amazon’s hometown as tens of thousands of highly-paid tech workers have transformed the city. What might Seattle’s experience mean for the online giant’s new locations and how have Seattle’s Amazon growing pains affected the search? By Sally Ho. UPCOMING: 800 words, photos by noon.
GOOGLE-INTERNET HIJACKING — An internet traffic diversion rerouted data through Russia and China and disrupted Google services on Monday, including search, cloud-hosting services and its bundle of collaboration tools for businesses. By Frank Bajak. SENT: 490 words, photo.
CZECH-UBER — The Czech Republic’s highest legal authority has upheld a ban for the operations of the ride-sharing service Uber in Brno, the second-largest city in the country. SENT: 120 words.
ITALY-TELECOM ITALIA — A long-running board room battle in Italy’s legacy telecoms provider, Telecom Italia, has culminated with the ouster of CEO Amos Genish, effective immediately. SENT: 130 words, photo.
RUSSIA-MEDIA — An independent Russian magazine has raised over $370,000 to pay a fine to the government. SENT: 130 words.
NERDWALLET-BLACK FRIDAY — Black Friday is the most hyped shopping day of the year, but some shoppers should sit it out. Before you take part in the discount day, consider what you’ll be buying and how likely you are to overspend. By Courtney Jespersen. NerdWallet. SENT: 680 words, photo.
ASEAN-TRADE — The potential damage to global trade brought on by President Donald Trump’s tariffs battle with Beijing is looming as leaders of Southeast Asian nations, China, the U.S. and other regional economies meet in Singapore this week. By Annabelle Liang and Elaine Kurtenbach. SENT: 700 words, photo.
ASEAN-CHINA — China’s premier seeks to reassure its neighbors that Beijing will push ahead with reforms needed to support growth across the region and also keep the peace in contested waters in the South China Sea. By Annabelle Liang. SENT: 670 words, photos.
COST OF WAR — When U.S. forces and their Afghan allies rode into Kabul in November 2001 they were greeted as liberators. But after 17 years of war, the Taliban have retaken half the country, security is worse than it’s ever been, and many Afghans place the blame squarely on the Americans. By Kathy Gannon. SENT: 1,000 words, photos.
BRITAIN-ECONOMY — Brexit is already having an impact on Britain’s labor market, with the number of people from the European Union working in the country falling by a record amount. By Pan Pylas. SENT: 550 words, photo.
BREXIT — Britain and the European Union are “almost within touching distance” of a Brexit deal after another late-night negotiating session, a close ally of Prime Minister Theresa May said. By Jill Lawless. SENT: 300 words, photos.
RUSSIA-SWITZERLAND — Russia’s Prime Minister Dmitry Medvedev says Moscow will boycott the annual World Economic Forum in the Swiss ski resort of Davos if it fails to lift restrictions on the attendance of Russian businessmen. SENT: 130 words.
RUSSIA-NEW PORT — A report says President Vladimir Putin’s childhood friend is set to win a massive seaport contract. SENT: 140 words.
LEBANON-REGIONAL TRADE — Lebanese exporters rejoiced last month when the Syrian government opened a key land crossing with Jordan that had been closed by years of war, restoring a much-needed overland trade route to lucrative Persian Gulf markets. By Sarah El Deb. SENT: 740 words, photos.
MIDEAST-ECONOMY — Higher oil prices are helping to offset increases in public spending by the Middle East’s oil exporting heavyweights like Saudi Arabia, with these countries narrowing their budget deficit by $77 billion, the International Monetary Fund said. By Aya Batrawy. SENT: 570 words.
JAPAN-NUCLEAR — Experts from the International Atomic Energy Agency have urged the operator of Japan’s tsunami-wrecked Fukushima nuclear plant to urgently come up with a plan to dispose of massive amounts of radioactive water stored in tanks on the compound. By Mari Yamaguchi. SENT: 420 words, photos.
UKRAINE-HEATING — Angry Ukrainians took to the streets and blocked roads as hundreds of thousands remain without heating at a time when temperatures are plunging because of a dispute between the national gas company and regional utility providers. By Yuras Karmanau. SENT: 470 words.