Business News at 5 p.m.
Business News at 5 p.m.
6 a.m.-6 p.m. Skip Wollenberg and Michael A. Lee
6 p.m.-9 p.m. Richard Jacobsen
For help please call: 800-845-8450, ext. 1680. 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 EDT.
Adds: JUSTICE DEPARTMENT-GE APPLIANCE, TRUMP-FALLOUT, FANNIE MAE-FREDDIE MAC-CEO RAISES
Updates: FINANCIAL MARKETS
WASHINGTON A document obtained by The Associated Press shows the Justice Department is investigating whether airlines are colluding to grow at a slower pace as part of an effort to keep airfares high. The government has requested information from airlines as part of the antitrust investigation. By David Koenig, Scott Mayerowitz and Eric Tucker. SENT: 800 words.
ATHENS, Greece Greece's government presses ahead with its plan to put austerity measures to voters after European creditors rebuff its latest proposal for a new aid program. But finance ministers were still discussing the country's situation and nothing seemed set in stone. By Elena Becatoros. SENT: 980 words, photos, video.
ATHENS, Greece Don't mention the golden years to Michaelis Kotaras. Not after the 78-year-old got up early to stand in line, twice, outside the National Bank of Greece for the privilege of going inside to withdraw 120 euros ($134,) less than a quarter of his monthly pension. By Gregory Katz. SENT: 750 words, photos.
NATIONAL ANYTHING DAY
NEW YORK Whether it's National Ice Cream Day or National Burger Day, unofficial holidays present an endless well of marketing opportunities for companies and story hooks for media outlets. A website called the National Day Calendar has declared 33 national holidays since it was founded in 2013. By Candice Choi. SENT: 1,0=0 words, photos.
CHINA-STOCK MARKET FRENZY
BEIJING Chinese authorities are scrambling to reassure jittery investors after soaring stock markets plunged, threatening to set back economic reform plans. By Joe McDonald. SENT: 1,000 words, photos.
ON THE MONEY-LENGTHY AUTO LOANS
Car buyers are increasingly financing their purchases with loans with terms of six years or more. What's behind this trend and what are the financial implications for borrowers who take such long-term loans on a depreciating asset? By Alex Veiga. UPCOMING: 800 words by 3 p.m.
DIGITAL LIFE-REVIEW-BEACH TECHNOLOGY
NEW YORK If you're headed to the beach or any other weekend getaway, don't forget these "essential" gadgets. By Anick Jesdanun. SENT: 760 words, photo.
MARKETS & ECONOMY:
NEW YORK Hopes that a deal could be reached between Greece and its creditors push stocks higher. By Steve Rothwell. SENT: 750 words, photo.
WASHINGTON U.S. manufacturing growth improves in June, helped by a jump in employment. By Josh Boak. SENT: 540 words, photo.
WASHINGTON U.S. businesses add jobs at a robust pace in June, a private survey finds, evidence that rising consumer spending and a healthy housing market are supporting more hiring. By Christopher S. Rugaber. SENT: 330 words, photo.
WASHINGTON U.S. construction spending posts a solid gain in May, pushing total activity to the highest point since the fall of 2008, with the strength led by a big jump in non-residential projects. By Martin Crutsinger. SENT: 450 words, photo.
BATAVIA, Ohio A January 2014 accident where a trailer separated from its tractor and killed two drivers was initially blamed on operator error. Now federal regulators are questioning whether a defective trailer hitch may be at fault a hitch that's currently used on about 6,000 semis. By Tom Krisher and Dan Sewell. SENT: 860 words, photos, timeline.
NEW YORK Rapper Flo Rida, the Macy's department store chain and football Hall of Famer Emmitt Smith all have something in common: They're the latest to distance themselves from Donald Trump following his remarks about Mexican immigrants. By Mae Anderson. SENT: 530 words, photos.
FANNIE MAE-FREDDIE MAC-CEO RAISES The CEOs of government-backed mortgage giants Fannie Mae and Freddie Mac are getting large raises, to about $4 million a year, as the government relaxes rules that were imposed on the companies after they suffered big losses and were bailed out. SENT: 550 words.
JUSTICE DEPARTMENT-GE APPLIANCE Justice Department sues to block sale of GE's appliance business to Electrolux. SENT: 320 words.
KRAFT-HEINZ Kraft shareholders approve the sale of the company to ketchup maker H.J. Heinz, creating one of the world's largest food companies with annual revenue of about $28 billion. SENT: 210 words, photos.
ACE-CHUBB Insurer Ace is buying The Chubb Corp. in a cash-and-stock deal valued at about $28.3 billion that will boost its international presence. SENT: 350 words.
DETROIT Americans again bought vehicles that sit up high and come loaded with features like backup cameras and smartphone capabilities in June. Horsepower was also in; gas-sipping not so much. SENT: 500 words, photo.
AUTO SALES-TOP SELLERS Top selling cars and trucks in the U.S. in June. SENT: 50 words.
JAPAN-FUEL CELLS Toyota, Nissan and Honda are working together to get more fuel cell vehicles on roads in what they call Japan's big push toward "a hydrogen society." By Yuri Kageyama. SENT: 300 words, photos.
JAPAN-TOYOTA-ARREST Julie Hamp, Toyota's most senior female executive, has resigned following her arrest in Japan on suspicion of drug law violations. By Yuri Kageyama. SENT: 400 words, photos.
NASCAR-DAYTONA-CHEVROLET Chevrolet announces a multi-year deal to become one of five major sponsors of Daytona Rising, the $400 million facelift taking place at NASCAR's most famous track. SENT: 320 words. UPCOMING: Will be updated.
RUSSIA-GM General Motors halts production at its single assembly plant in Russia as sales have plummeted amid an economic downturn. SENT: 130 words.
BEHIND THE WHEEL-2015 JAGUAR XJL An odd thing happened as Americans' taste for luxury vehicles grew in recent years: Jaguar, the venerable British marquee, struggled to gain traction. By Ann M. Job. SENT: 800 words, photo, box.
TECHNOLOGY & MEDIA:
SEOUL, South Korea A South Korean court denied an American hedge fund's request to stop Samsung from combining two of its companies, a largely expected ruling that gives South Korea's biggest business group a boost in an upcoming shareholder vote on the merger. Youkyung Lee. SENT: 700 words, photos.
BRAZIL-UBER The Uber ride sharing service is facing major roadblocks in Brazil's biggest city and in Brasilia, the country's capital. City councils in both have voted to ban such smartphone-based ridesharing applications. By Stan Lehman. SENT: 270 words, photos.
CHINA-CYBER SECURITY China's legislature passes sweeping legislation that reinforces government controls over cyberspace, as the nation's leaders try to address what they see as growing threats to Chinese networks and national security. By Christopher Bodeen. SENT: 570 words.
AUSTRIA-FACEBOOK LAWSUIT A court in Austria rejects a class-action lawsuit against Facebook alleging invasion of privacy, saying it lacks jurisdiction in the case. SENT: 140 words.
BANGKOK Two Thai men described as key figures in a human trafficking ring that provides slave crews for fishing boats were arrested, officials said, as new regulations aimed at cracking down on illegal fishing took effect. By Thanyarat Doksone. SENT: 600 words, photos.
PUERTO RICO-ECONOMY Puerto Rico's troubled power company has been forced to sell bonds once again to obtain capital and avoid defaulting on a $415 million debt payment with a worsening economic crisis in the U.S. territory. By Danica Coto. SENT: 550 words, photos.
JAPAN-ECONOMY The mood among big Japanese corporations is unexpectedly upbeat despite recent data showing the recovery appears to be stalling. SENT: 300 words, photos.
CHINA-WORLD BANK China needs fundamental reform of its state-dominated financial system to keep economic growth on track, the World Bank says. SENT: 300 words.
INDONESIA-MILITARY PLANE CRASH Indonesia's air force said it will investigate if the transport plane that crashed into a city neighborhood, killing 141 people, was violating orders by carrying paying passengers. Niniek Karmini. SENT: 800 words, photos.
CHINA-MANUFACTURING China's manufacturing was weak in June and employers cut more jobs, two surveys showed, in a new sign the world's second-largest economy is struggling to emerge from a slump. SENT: 200 words.
RUSSIA-UKRAINE-GAS The Russian gas company Gazprom halts supplies to neighboring Ukraine after the collapse of pricing talks, but an EU official says both nations gave assurances the dispute would not affect the flow of Russian gas to Europe. SENT: 470 words.
NKOREA-AIRPORT North Korea opened a new terminal building at Pyongyang's international airport, underscoring an effort to attract more tourists and to spruce up the country ahead of a celebration of a major anniversary of the founding of its ruling party in October. SENT: 300 words.
BRITAIN-AIRPORT Britain's Airports Commission unanimously recommends the construction of a third runway at London's Heathrow Airport in a long-awaited report on how best to expand the country's aviation capacity. SENT: 690 words, photo.
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.
Mid-year dividend report
Quarterly dividend payments by companies in the Standard & Poor's 500 index set another record in the second quarter. A roundup ok key dividend data for income investors. UPCOMING: Graphic expected by 6 p.m.
Kraft approves deal
Kraft shareholders approve the sale of the company to H.J. Heinz, creating one of the world's largest food companies. UPCOMING: Graphic expected by 6 p.m.