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Business News at 5:10 p.m.
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Adds: BERNANKE-BOOK, AMAZON-STREAMING DEVICES, OZONE RULES, EXPERIAN-T-MOBILE-DATA BREACH
Updates: FINANCIAL MARKETS, AUTO SALES
ECONOMY-HOW TO READ THE JOBS REPORT
WASHINGTON The unemployment rate now just 5.1 percent grabs headlines each month when the government issues its jobs data. But it doesn't come close to sketching a full picture of the job market. Economists and the Federal Reserve dissect other gauges of the labor force's health. Here are five things to look for in Friday's jobs report for September. By Christopher S. Rugaber. SENT: 1,000 words, photo.
CREDIT CARD CHIPS
NEW YORK As of Thursday, the liability for fraud committed using traditional magnetic-stripe credit and debit cards will shift to stores from banks. The move is part of a drive to get people using new, more secure cards embedded with computer chips. By Ken Sweet. SENT: 850 words.
LISBON, Portugal European countries struggling with high unemployment, like Portugal, are warming to Chinese investors in corporate takeovers. The reason? They create jobs and invest because they want a presence in the region, as opposed to Western companies, which often buy a company to take out a rival. By Barry Hatton and Joe McDonald. SENT: 990 words, photos
WOLFSBURG, Germany The town that Volkswagen built from scratch girds for tough times in wake of an emissions scandal. By David Rising. SENT: 1,000 words, photos.
VOLKSWAGEN Volkswagen confirms chief financial officer Hans Dieter Poetsch will become board chairman as the automaker faces a scandal over cars that were equipped to cheat on U.S. government emissions tests. SENT: 390 words, photos.
SMALLBIZ-SHORT TERM LENDING
NEW YORK The money is quick and easy, but critics say that short-term loans can lead small businesses into a dangerous cycle of borrowing over and over again to keep up with payments. By Joseph Pisani. SENT: 1,750 words, photos.
SMALLBIZ-SHORT TERM LENDING TIPS Before signing a loan agreement, here's some things small business owners should keep in mind. SENT: 420 words.
WASHINGTON Ben Bernanke recalls the September weekend in 2008 when regulators sought desperately but in vain to save the investment bank Lehman Brothers as a "terrible, surreal moment." By Martin Crutsinger. SENT: 130 words. UPCOMING: 850 words by 6 p.m.
NEW YORK Credit reporting agency Experian says that hackers accessed the social security numbers, birthdates and other personal information belonging to about 15 million T-Mobile wireless customers. SENT 100 words. UPCOMING: 500 words by 6:30 p.m.
MARKETS & ECONOMY:
SAUDI-CHEAP OIL IMPACT
JIDDAH, Saudi Arabia A look at impact of sustained lower oil prices on the economy and domestic and foreign policy of Saudi Arabia, whose riches allow it to keep its population happy and throw its weight around the region. By Aya Batrawy. SENT: 1,100 words, photos.
WASHINGTON Applications for unemployment benefits rose last week, but Americans are seeking jobless aid at historically low levels consistent with a healthy job market. By Josh Boak. SENT: 380 words.
WASHINGTON U.S. manufacturers expand at their slowest pace in two years last month, held back by faltering global growth and cutbacks in oil and gas drilling. By Christopher S. Rugaber. SENT: 500 words, photo.
WASHINGTON Spending on U.S. construction projects rises in August to the highest point in more than seven years, fueled by home building and government projects. By Martin Crutsinger. SENT: 290 words, photo.
WASHINGTON Average long-term U.S. mortgage rates ease slightly this week, continuing at low levels to entice potential homebuyers. By Marcy Gordon. SENT: 330 words, photo, glance.
NEW YORK A late turn gives the stock market a meagre gain to start the month, a day after it finished its worst quarter in four years. By Matthew Craft. SENT: 600 words, photos.
OF MUTUAL INTEREST-3Q REVIEW
Bond funds still help steady a portfolio when markets are scary, just not as much as in years past. A review of how mutual funds performed in the third quarter, and much of it was disappointing. By Stan Choe. SENT: 800 words.
CONAGRA FOODS-JOB CUTS
OMAHA, Neb. ConAgra is cutting about 1,500 jobs, or approximately 30 percent of its global, office-based workforce, and moving its headquarters to Chicago from Omaha, Nebraska. By Josh Funk. SENT: 700 words, photo.
MINE EXPLOSION TRIAL
CHARLESTON, W.Va. Former Massey Energy CEO Don Blankenship arrives for the start of his federal trial on charges that he conspired to break safety laws and lied to financial regulators about safety practices. By Jonathan Mattise. SENT: 130 words. UPCOMING: Will be updated, about 600 words by 6 p.m.
TRENTON, N.J. The first combination of breakthrough drugs that boost the immune system to fight cancer has been approved, giving maker Bristol-Myers Squibb a clear lead over competitors testing their own combinations in a pharmaceutical gold rush of sorts. By Linda A. Johnson. SENT: 550 words, photo.
FIXING UNITED AIRLINES Five years after United Airlines and Continental merged, the company's new CEO declares in a public letter that the combined company has failed to live up to the expectations of both fliers and United's employees. SENT: 330 words.
DUNKIN BRANDS-OUTLOOK Shares of Dunkin' Brands are down 10 percent after the company said it expects sales to slow from the previous quarter at its doughnut shops. SENT: 190 words.
OZONE RULES EPA tightens limits on smog-causing ozone, citing need to protect public health. SENT 800 words, photos.
SUPREME COURT-CIGARETTE SUIT The Supreme Court will decide whether the European Union can pursue its lawsuit claiming that tobacco company R.J. Reynolds sponsored cigarette smuggling in Europe as part of a global money-laundering scheme with organized crime groups. SENT: 330 words.
SALMONELLA OUTBREAK-SENTENCING Two former managers of a Georgia peanut plant were sentenced to federal prison Thursday for their roles in a deadly salmonella outbreak, though the men received far less time behind bars than the ex-boss they helped convict.. SENT: 550 words.
OREGON MARIJUANA Oregon marijuana shops begin selling marijuana for the first time to recreational users, marking a big day for the budding pot industry. SENT: 720 words, photos.
FERTILIZER WASTE-SETTLEMENT Fertilizer maker Mosaic Co. is settling a massive hazardous waste lawsuit for nearly $2 billion to help clean up pollution and upgrade leaky facilities in Florida and Louisiana, according to the U.S. Department of Justice. SENT: 560 words.
VITAMINWATER-LAWSUIT Coca-Cola will tweak the labeling for Vitaminwater to settle a lawsuit that it was making misleading health claims about the drinks. SENT: 250 words.
DETROIT September was a blockbuster sales month for the U.S. auto industry except at Volkswagen, where an emissions scandal forced the company to halt sales of most of its diesel-powered vehicles. By Dee-Ann Durbin and Tom Murphy. SENT: 650 words, photo.
MILFORD TOWNSHIP, Mich. General Motors plans to cut $5.5 billion in manufacturing, purchasing and administrative costs during the next three years, helping to finance a big push into autonomous cars and car- and ride-sharing services. By Tom Krisher. SENT: 800 words, photos.
UAW-FIAT CHRYSLER Nearly two thirds of United Auto Workers at Fiat Chrysler vote to reject a proposed contract agreement with the company. SENT: 550 words.
TECHNOLOGY & MEDIA:
APPLE BOARD Apple has filled a void on its board of directors with James Bell, the former chief financial officer for aircraft maker Boeing Co. SENT: 220 words.
AMAZON-STREAMING DEVICES Amazon bans sales of Google and Apple streaming devices on its site. SENT: 170 words, photo.
SKOREA-LG ELECTRONICS-NEW PHONE South Korean smartphone maker LG Electronics Inc. unveils a new smartphone with an additional screen and a camera that can capture a wider scene when taking a selfie, hoping to arrest a slide in its market share. SENT: 250 words.
THAILAND-INTERNET CONTROL Protesters have blocked access to several Thai government websites over a plan to route all Internet traffic though a single gateway, which would make it easier for the military junta to monitor and censor communications. SENT: 520 words.
Six Greek islands are seeing sales tax increase by 30 percent one of a series of creditor-demanded reforms in return for Greece's third international bailout. Locals fear it could hammer their fragile tourism and agricultural industries. By Elena Becatoros. SENT: 920 words.
JAPAN-ECONOMY Sentiment among big Japanese manufacturers slips in the most recent quarter, the central bank says, underlining the shaky footing for growth in the world's third largest economy. By Yuri Kageyama. SENT: 250 words, photo.
CHINA-MANUFACTURING Chinese manufacturing activity improves slightly in September while growth in service industries slowed due to disruptions from a massive military parade, surveys show. SENT: 320 words.
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With everybody fretting about a slowdown in the world's second-largest economy, China, you might have missed all the turmoil in the world's seventh-largest economy, Brazil. So much is going wrong that it's hard to know where to start. UPCOMING: Graphic expected by 6 p.m.
ConAgra makes cuts, relocates
ConAgra will cut about 1,500 jobs and move its headquarters to Chicago. UPCOMING: Graphic expected by 6 p.m.