Business News at 5:00 p.m.
Business News at 5:00 p.m.
The supervisor is Tali Arbel (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 firstname.lastname@example.org 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.
Adds: VERMONT YANKEE
Updates: FINANCIAL MARKETS
GLOBAL ECONOMY-2015 PREVIEW
WASHINGTON — The United States will likely be an engine of global growth in 2015, extending a steady rebound for an economy that had long struggled to claw back from the Great Recession. The U.S. is expected to grow in 2015 at its fastest pace in a decade even while most other major economies are faltering. Plunging oil prices are a big reason for the optimism. By Christopher S. Rugaber. SENT: 1,150 words.
NEW YORK — Tony Fernandes is more than just the CEO of AirAsia: He's the brash personality and cheerleader-like figure who gives the discount carrier its soul. By Airlines Writer Scott Mayerowitz. SENT: 1,180 words, photos.
— INDONESIA-PLANE — Crews seeking lost jet find oil in search area, objects farther away, but no link to missing jet confirmed. SENT: 1,200 words, photos, video.
— INDONESIA-PLANE-NEWS GUIDE — Key developments in the disappearance of the AirAsia jet. SENT: 790 words, photos.
WASHINGTON — The cost of being uninsured in America is going up significantly next year for millions of people as penalties under President Barack Obama's health care law will double. It's also the first time the Internal Revenues Service will collect fines, from those who were uninsured in 2014. Waivers are potentially available to many, but some of those exemptions will not be easy to claim. By Ricardo Alonso-Zaldivar. SENT: 940 words.
WASHINGTON — Development is booming in tiny Hugoton, Kansas, a town of roughly 3,900 people that's the site of a new cellulosic ethanol refinery funded in part by a loan guarantee from the Department of Energy. The same program funded high profile flops like Solyndra, the California-based solar company that filed for bankruptcy and led to hearings over the Barack Obama administration's backing of unproven green-energy projects. But roughly six years on in Hugoton, and elsewhere, there are signs the program is working. By Henry C. Jackson. SENT: 850 words, photos.
MARKETS & ECONOMY:
NEW YORK — U.S stocks inch mostly higher in light trading as investors shrug off falling energy prices, a plunging Russian ruble and fears that Greece could renege on its bailout. By Bernard Condon. SENT: 870 words.
— TREASURY BILLS — Interest rates on short-term Treasury bills fell in Monday's auction, after rising last week. SENT: 180 words.
NEW YORK — Shake Shack is bringing its burgers, milkshakes and crinkle-cut fries to Wall Street. The burger chain filed for an initial public offering Monday, hoping to raise as much as $100 million. SENT: 300 words.
NEW YORK — Fiat Chrysler is recalling about 67,000 model year 2006 and 2007 pickups because of a problem that could prevent the cars from starting, or cause them to move when the ignition key is turned. SENT: 220 words.
— AMUSEMENT PARK-FINED — A Pennsylvania amusement park is facing a fine after federal regulators say it failed to protect summertime workers from extreme heat, including a teenager who was burned after collapsing near a deep fryer. SENT: 140 words.
— WALGREEN-ALLIANCE BOOTS DEAL — Walgreen shareholders have voted in favor of the nation's largest drugstore chain spending nearly $16 billion to complete the final step in its purchase of European health and beauty retailer Alliance Boots. SENT: 130 words.
— VERMONT YANKEE — Vermont's only nuclear power plant stopped sending electricity to the New England grid Monday following more than 42 years of producing electricity. SENT: 470 words.
TECHNOLOGY & MEDIA:
— CHINA-GMAIL BLOCKED — Connections to Google Inc.'s popular email service have been blocked in China amid efforts by the government to limit access to the company's services. SENT: 410 words, photos.
ATHENS, Greece — Greece will hold early national elections on Jan. 25, stoking concerns over the future of the country's financial bailout, after lawmakers failed to elect a new president in a third and final round of voting. SENT: 940 words, photos.
— RUSSIA-RUBLE — Russia's ruble fell 7 percent after a report shows economy shrinking for first time since 2009. SENT: 385 words, photo.
— SKOREA-KOREAN AIR-NUT RAGE — Four South Korean officials face punishment over probe of Korean Air 'nut rage' incident. SENT: 310 words.
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.
Nasdaq 5,000 in '15?
A look at the winners and loser in the Nasdaq composite index. UPCOMING: Graphic expected by 6 p.m.
Walgreen approves acquisition
Walgreen shares showed little reaction Monday after shareholders voted in favor of spending nearly $16 billion to complete the final step in the purchase of European health and beauty retailer Alliance Boots. UPCOMING: Graphic expected by 6 p.m.