Business News at 1:30 p.m.
Business News at 1:30 p.m.
The supervisor is Skip Wollenberg (800-845-8450, ext. 1680). For photos, ext. 1900. For graphics and interactives, ext. 7636. Expanded AP content can be obtained from http://www.apexchange.com. For access to AP Exchange and other technical issues, contact email@example.com or call 877-836-9477.
If you have questions about transmission of financial market listings, please call 800-3AP-STOX.
A selection of top photos can be found at: http://bit.ly/APTopPhotos.
All times EST.
U.S. financial markets will be closed Thursday, Nov. 28, for Thanksgiving. Money & Markets modules will not be sent that day and Money & Markets Extra modules that are normally sent Thursday will be sent Wednesday. AP Business News will be staffed, and the Business News Digest will be sent.
AMAZON VERSUS RETAILERS
NEW YORK This holiday season, it's going to be Amazon vs. everyone else. And the customer is going to be the beneficiary of the battle. Amazon has done things like add Sunday package delivery and physical stores to compete with brick-and-mortar retailers. In return, retailers like Wal-Mart and Best Buy are offering more options for shipping and delivery and matching Amazon's lower prices. The fight between the two sides will play out during the busy holiday shopping season. By Anne D'Innocenzio and Mae Anderson. UPCOMING: 800 words by 2 p.m., photos.
DIGITAL LIFE-TECH TEST-SHOPPING APPS
Looking to save a few bucks while you shop for holiday gifts? Bring these five smartphone apps along to find the best coupons and lowest prices. Many retailers, for instance, will match prices you find online. Other apps let you find coupons for the stores you're at. By Joseph Pisani. SENT: 1,000 words, photos.
OKLAHOMA CITY Oklahoma residents for the first time in 70 years will be able to legally enjoy the true meaning of Black Friday and its mega-deals after legislators repealed parts of a 1941 law that prohibited retailers from selling items below cost. Shoppers and retailers are preparing for even bigger bargains this year, including Wal-Mart where a 32-inch LED television that sold for $148 last Black Friday is $98 this year. By Sean Murphy. SENT: 130 words. UPCOMING: 650 words by 2 p.m., photos.
GAS PRICES-HOLIDAY SPENDING
WASHINGTON No one begs Santa Claus for cheaper gasoline. Yet falling gas prices are shaping up as an unexpected gift for motorists and for people on their holiday shopping lists. The average price of gasoline has tumbled 49 cents from their peak this year to $3.29 a gallon, putting shoppers on track to have the lowest prices at the pump since 2010. Because many Americans have gone without pay raises in recent years, whatever money they're saving on gas has freed up a bit more cash for other purchases. By Josh Boak. SENT: 950 words, photos.
CHICAGO A line of storms packing ice, sleet and rain could upset holiday travel plans for Americans as they hit the road, skies and rails for Thanksgiving. The deadly storm is likely to gather steams as it powers toward the mid-Atlantic and East Coast, causing a ripple effect of delays at some of the country's busiest airports. By Jason Keyser. SENT: 960 words, photos, videos. UPCOMING: Updates throughout the day.
You're heading somewhere for Thanksgiving this week. You're entering into a vast sea of people doing exactly the same thing, moving across the United States on one of the hugest travel weekends of all with a lot of bad weather in the mix. We've gathered some people who know what they're talking about to offer some pieces of handy advice on how to get you there and home again with a minimum amount of hassle and headaches. SENT: 1,600 words, photos.
HEALTH OVERHAUL-SMALL BUSINESS DELAY
CHICAGO In yet another delay in the rollout of the health care law, the online marketplace for small businesses is being put off for a year to make sure the main health care website gets fixed first. Employers who want to buy marketplace plans for their workers now will need to go through an agent, broker or insurance company. By Carla K. Johnson. SENT: 130 words. UPCOMING: 650 words by 3 p.m.
GUANGZHOU, China As car enthusiasts converge on the annual Guangzhou auto show, few have anything except a shiny new set of wheels in mind. But explosive growth that transformed China into the world's largest auto market is also giving life to a new industry here: used cars. By Kelvin Chan. SENT: 975 words, photos.
CHICAGO As he hobbled off the court again, Derrick Rose found himself in a familiar and painful spot. The folks at Adidas might be wincing, too. The sports apparel giant might have to find a backup plan after building its multimillion-dollar NBA marketing campaign around the Chicago Bulls' superstar point guard, whose injured right knee will cost him the rest of the 2013-14 season that will stretch into June. By Andrew Seligman. SENT: 1,100 words, photos.
MARKETS & ECONOMY:
WASHINGTON The number of Americans seeking unemployment benefits dropped 10,000 last week to a seasonally adjusted 316,000, a sign that workers are in less danger of being laid off. By Economics Writer Josh Boak. SENT: 370 words, photo.
WASHINGTON Businesses spent less last month on machinery, computers and most other items, lowering orders for U.S. long-lasting factory goods. The decline suggests companies may have been reluctant to invest during the 16-day partial government shutdown. By Economics Writer Christopher S. Rugaber. SENT: 375 words, photo.
WASHINGTON The private Conference Board issues its October index of leading indicators. In September, the index rose 0.7 percent, the fifth gain in sixth months. The index is intended to signal economic conditions three to six months out. By Martin Crutsinger. SENT: 300 words.
WASHINGTON Average U.S. mortgage rates rose modestly this week, a move that makes home-buying a bit less affordable. Still, rates remain near historically low levels. By Christopher S. Rugaber. SEN: 280 words, photo.
NEW YORK Stocks edge higher on a day of encouraging news from the labor market. By Steve Rothwell. SENT: 450 words, photo. UPCOMING: 700 words by 5 p.m.
OIL PRICES The price of oil drops to the lowest level since early June as the U.S. government reported the 10th straight weekly increase in crude oil supplies. SENT: 310 words. UPCOMING: 400 words by 3:30 p.m.
A federal bankruptcy judge has cleared the way for American Airlines and US Airways to complete their merger and create the world's largest airline. American says immediately after the ruling that it plans to complete the merger on Dec. 9. By David Koenig. SENT: 460 words, photo.
PETS-DOG DOO DNA
BRAINTREE, Mass. Apartment and condo managers, dogged by complaints from those who've have experienced the squishy and smelly sensation of stepping onto a pile of dog doo, are turning to DNA testing to identity the culprits who don't clean up after their pets. It's the latest twist in the long-running struggle to keep canine waste off lawns, hallways, elevators and other common areas of animal-friendly community buildings. By Rodrique Ngowi. SENT: 560 words, photos, video.
CVS CAREMARK-ACQUISITION Drugstore chain CVS Caremark Corp. says it has agreed to buy the drug infusion business Coram LLC, a unit of Apria Healthcare Group Inc., for $2.1 billion. SENT: 260 words, photo.
DEPARTMENT STORE DISCRIMINATION Barneys New York says it will start monitoring the police as they monitor shoppers in its flagship Manhattan store. SENT: 300 words.
BRAVES STADIUM The Atlanta Braves are a step closer to moving out of downtown Atlanta, the Major League Baseball team's home for the past 47 years. The Cobb County Commission in suburban Atlanta voted 4-1 Tuesday night to approve a new $672 million stadium. SENT: 790 words, photos.
PSA-PEUGEOT-CITROEN The outgoing CEO of struggling French carmaker PSA Peugeot Citroen says he will give up his 21 million-euro ($28.5 million) pension pot after criticism from France's Socialist government. SENT: 130 words.
TECHNOLOGY & MEDIA:
Move over, zombies. Step aside, terrorists. Aliens, out of the way. There are a few new foes affecting gamers that are proving to be far more destructive than any on-screen villain. With nicknames like "the blue light of death" and "the disc drive of doom," they're the game-ending glitches causing headaches for a few gamers who picked up the next-generation Xbox One and PlayStation 4 consoles at launch. By Derrick J. Lang. SENT: 500 words, photos.
TEC-FINLAND-JOLLA A team of ex-Nokia engineers is launching a smartphone based on the former world No. 1 cellphone maker's old software, hoping to grab a share of a highly competitive market. SENT: 500 words.
EUROPEAN CENTRAL BANK The European Central Bank says the overall stress level in the euro area's financial system has fallen to its lowest level since the early days of the global financial crisis six years ago. SENT: 130 words.
CHINA-POLLUTION-BBQS Beijing is waging a war against air pollution, one barbecue at a time. Authorities in the capital have destroyed more than 500 open-air barbecues "to cut PM2.5" the tiny particulate matter in the air that can enter deep into the lungs. SENT: 250 words, photo.
GERMANY-NEW GOVERNMENT Chancellor Angela Merkel says her new government will stand for solid finances in Germany and continue to oppose a "debt union" in Europe. SENT: 125 words, photos.
GERMANY-ECONOMY A survey finds that German consumer confidence is on the rise amid expectations that Europe's biggest economy will pick up speed and people's income will increase. SENT: 130 words.
GREECE-FINANCIAL CRISIS A leading international economic body predicts that Greece's economy will shrink further next year and the government might need more financial help. SENT: 140 words, photo.
WORLD-EXPO City boosters from Brazil, United Arab Emirates, Russia and Turkey are gathering in Paris on Wednesday to find out who will host the 2020 World Expo. SENT: 640 words, photos.
THAILAND-ECONOMY Thailand's central bank unexpectedly lowered the cost of credit as escalating protests to topple the government add to pressure on the economy. SENT: 400 words, photos.
IRAQ-STANDARD CHARTERED British bank Standard Chartered PLC says it has opened a branch in Iraq's capital, Baghdad and that it hopes to play a role in the country's economic growth. SENT: 140 words.
ON THE MONEY-CREDIT SCORES
Want to check your credit score? It might be included on your next credit card statement. The FICO score, which is widely used by lenders to gauge your financial health, should be checked before applying for a car loan or a mortgage. But it can cost as much as $20 to do so. Now three credit card issuers Discover, Barclaycard US and First Bankcard have signed up to allow some 35 million cardholders to check their FICO scores every month at no cost. By AP Business Writer Joseph Pisani. UPCOMING: 600 words, by 3 p.m.
A sampling of Money & Markets modules is below. The full digest for AP's Money & Markets service can be found at markets.ap.org. For questions about Money & Markets content, please contact Trevor Delaney (800-845-8450, ext. 1807). For technical support: Todd Balog (816-654-1096). After 6 p.m., contact the AP Business News desk (800-845-8450, ext. 1680) for content questions; 1-800-3AP-STOX for technical support and 212-621-1905 for graphics help.
Emerging-market stocks have had a tough year. Worries about slowing economic growth in the China and other developing countries has meant the average diversified mutual fund is basically flat for the year. Their average loss of 0.5 percent pales in comparison to the 26.6 percent return for the Standard & Poor's 500. But some diversified funds have handled the challenges better than others. UPCOMING: Graphic expected by 6 p.m.
Apple: up in 2013?
Apple stock is starting to emerge from a trough it has been mired in this year. The tech stock moved out of the red Tuesday when a close of $533.50 pushed Apple to a rise of 0.2 percent so far this year. UPCOMING: Graphic expected by 6 p.m.