Business News at 1:45 p.m.
Business News at 1:45 p.m.
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WASHINGTON — With the Federal Reserve edging into the spotlight, Friday's jobs report could trigger changes in Americans' financial lives. That's because a healthy job gain could provide a final piece of evidence the Fed needs to start raising interest rates from record lows. It would also send a reassuring signal that stock-market turmoil and China's slowdown have yet to seriously affect the U.S. economy. By Christopher S. Rugaber. UPCOMING: 750 words by 3:30 p.m.
— CENTRAL BANKS-INFLATION TARGET — Is 2 percent inflation impossible to reach? The Federal Reserve and the European Central Bank have been striving to generate a small dose of inflation — around 2 percent annually — and consistently failing. And so has arisen the question of whether their inflation target should be lowered. By Josh Boak. UPCOMING: 650 words by 2:30 p.m.
FRANKFURT, Germany — The European Central Bank is ready to give the eurozone economy a bigger dose of stimulus should inflation across the 19-country bloc fail to pick up as planned, President Mario Draghi says. By David McHugh and Pan Pylas. SENT: 890 words, photos. UPCOMING: Will be updated.
— EUROPE-ECONOMY-LATEST — Rolling updates of economic news, from indicators to ECB statement and news conference. SENT: 1,200 words, photo. UPCOMING: Will be updated.
LABOR DAY GASOLINE PRICES
NEW YORK — Drivers will enjoy the cheapest gas prices for Labor Day weekend in more than a decade — yes, even cheaper than during the recession. That's good news for households and the economy — and prices will be going lower. By Jonathan Fahey. SENT: 520 words, photo.
— LABOR DAY TRAVEL-AIRPORT UNIQUE VIEW — In advance of Labor Day, American Airlines and Dallas-Fort Worth International Airport granted The Associated Press unique access to their operations to capture a day in the life of an airport and its workers — sped up into a 2-minute video. By Scott Mayerowitz. SENT: 330 words, photos, video.
CONNECTED CAR AUDIO
LOS ANGELES — Thanks to Apple and Google, your smartphone will soon become your car's dashboard. As the two systems prepare to debut in mainstream autos, we test them out in a 2016 Accord. By Ryan Nakashima. SENT: 1,060 words, photos, video.
— CARPLAY-ANDROID-WHERE — A look at which brands are offering or plan to offer CarPlay, Android Auto or an alternative system. SENT: 500 words.
NEW YORK — China's economic problems have been a windfall for some U.S. small businesses and pose a threat to others. By Joyce M. Rosenberg. UPCOMING: 600 words by 2:30 p.m., photos.
MARKETS & ECONOMY:
WASHINGTON — More Americans apply for unemployment benefits last week, but applications remain at historically near low levels in a positive sign for the U.S. economy amid a broader global slowdown. By Josh Boak. SENT: 390 words, photo.
WASHINGTON — The U.S. trade deficit falls in July to the lowest level in five months as exports post a small gain while imports decline, reflecting a big drop in shipments of consumer goods such as cell phones. By Martin Crutsinger. SENT: 600 words, photo.
WASHINGTON — Average long-term U.S. mortgage rates rise this week after a sharp drop the previous week, as global markets continue to whipsaw amid economic disruption in China and uncertainty over Federal Reserve interest-rate policy. SENT: 410 words, photo, glance.
WASHINGTON — U.S. services companies expand at a healthy pace in August, lifted by robust consumer spending resulting from steady job gains. By Christopher S. Rugaber. SENT: 420 words, photo.
NEW YORK — U.S. and global stocks are modestly higher, helped by comments from European Central Bank policymakers, who said they were willing to provide more stimulus to the region's economy if needed. By Ken Sweet. SENT: 530 words, photos. UPCOMING: 700 words by 5 p.m.
PHILADELPHIA — While railroads have long carried hazardous materials through congested urban areas, cities are now scrambling to formulate emergency plans and to train firefighters amid the latest safety threat: a fiftyfold increase in crude shipments that critics say has put millions of people living or working near the tracks at heightened risk of derailment, fire and explosion. By Michael Rubinkam and Geoff Mulvihill. SENT: 1,500 words, photos, video.
— OIL TRAINS-CITIES-HOW PREPARED? — An AP survey looks at how cities are responding to surge in oil-train traffic and the threat of derailment. SENT: 950 words, photos.
— OBIT-FORMER LL BEAN CEO — Leon Gorman, a grandson of L.L. Bean who led a modernization of his family's outdoor clothing and gear retail business after the founder's death, died. He was 80. By David Sharp. SENT: 570 words, photos.
— GULF OIL SPILL — Arguments have wrapped up at a federal appeals court in a case involving those who claimed economic harm from the 2010 Gulf of Mexico oil spill. By Kevin McGill. SENT: 150 words. UPCOMING: Will be updated.
— GENERAL MILLS-GREEN GIANT — General Mills is selling its Green Giant and Le Sueur vegetable businesses to B&G Foods Inc. for about $765 million in cash. SENT: 280 words, photo.
— VOLKSWAGEN-CHAIRMAN — Volkswagen says its chief financial officer, Hans Dieter Poetsch, is set to become its new chairman — filling the position that longtime company patriarch Ferdinand Piech vacated in April. SENT: 150 words.
— OVATION GUITARS — A Connecticut factory that produced Ovation guitars for nearly a half century before closing last year will be making the renown instruments once again, thanks to the efforts of an employee who maintained the factory on his own in hopes a new buyer would revive it. By Dave Collins. SENT: 550 words, photos.
— STUDENT LOAN DEBT — Almost 12,000 students are asking the federal government to discharge their college loan debt, asserting that their school either closed or lied to them about job prospects, according to government data. By Anne Flaherty. SENT: 580 words, photo.
— BANGLADESH-FACTORY FIRE CHARGES — A court in Bangladesh's capital indicts the two owners of a garment factory and 11 others on homicide charges for a 2012 fire that killed 112 workers. SENT: 400 words, photos.
TECHNOLOGY & MEDIA:
GADGET SHOW-SMARTWATCHES COMPARED
NEW YORK — Samsung and other tech companies showcased new computerized wristwatches this week — all aimed at challenging Apple, a relative newcomer in the business of making smartwatches. Here's a look at how the marketplace is shaping up and how the watches compare. By Anick Jesdanun. SENT: 730 words, photos.
GADGET SHOW-BITS AND BYTES
BERLIN — A taste of the most interesting and quirky technology on display at the IFA fair in Berlin. By Frank Jordans. SENT: 560 words, photos.
— GADGET SHOW-WINDOWS 10 — Forget iPhones, Android or smartwatches. For many companies at the IFA technology fair in Berlin, Windows 10 is the most promising development in the industry this year. It is expected to boost sales of handsets that don't rely on Android or iOS and even revive the declining market for computers. By Frank Jordans. UPCOMING.
— TECH JOBS-SETTLEMENT — A federal judge has approved a $415 million settlement to resolve a class-action lawsuit alleging Apple, Google, Intel and two other Silicon Valley companies illegally conspired to prevent their from getting better job offers. SENT: 150 words. UPCOMING: Will be updated.
OF MUTUAL INTEREST-FED RATE INCREASE-Q&A
This month's Federal Reserve policy meeting could signal the end of an era. Jim McDonald, chief investment strategist at asset manager Northern Trust, explains what he expects to happen with interest rates, how that will impact financial markets, and what investors should, or shouldn't do. By Steve Rothwell. SENT: 780 words.
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In the summertime. That's when many families make their occasional visit to an amusement park. In the current stock market, investors may want to consider investing in an actual roller coaster. We take a look at Cedar Fair and Six Flags Entertainment. UPCOMING: Graphic expected by 6 p.m.
A Green Giant deal
General Mills is selling its Green Giant and Le Sueur vegetable businesses to B&G Foods for $765 million. UPCOMING: Graphic expected by 6 p.m.