BC-APFN-Business News Preview

Staff Writer
Columbus CEO

Among the stories for Friday from The Associated Press:

TOP STORIES:

ECONOMY

WASHINGTON — The U.S. economy adds 204,000 jobs in October, an unexpected burst of hiring in a month when the government was partly shut down for 16 days, and added 60,000 more jobs in August and September than previously thought. The surprising gain shows the economy was stronger in October than many assumed it would be and suggests that many companies shrugged off the shutdown. By Christopher S. Rugaber. SENT: 740 words, photo. UPCOMING: 900 words by 2 p.m.

TIPSY TURKEYS

HENNIKER, N.H. — When it comes to pairing beer with poultry, Joe Morette isn't too fussy. His turkeys will drink just about anything. Morette, who is raising about 50 Thanksgiving turkeys this year, has been giving his birds beer since 1993. He insists the beer makes birds fatter, more flavorful and juicier. By Holly Ramer. SENT: 570 words, photos, video.

MARKETS & ECONOMY:

SAC CAPITAL

NEW YORK — SAC Capital is scheduled to plead guilty in New York to insider trading charges to satisfy its $1.8 billion deal with the government. Lawyers for the hedge fund are set to enter the plea to wire fraud and multiple counts of securities fraud Friday in federal court in Manhattan. SENT: 130 words.

CONSUMER SPENDING

WASHINGTON — U.S. consumers slowed their spending in September, even as overall income grew at solid pace for the second straight month. The Commerce Department says consumer spending rose 0.2 percent in September, after at 0.3 percent gain the previous month. By Martin Crutsinger. SENT: 480 words, photo.

WALL STREET

NEW YORK — Stocks edge higher in early trading as investors react to an unexpectedly strong October jobs report. By Ken Sweet. SENT: 330 words, photos. UPCOMING: 700 words by 5 p.m.

— OIL PRICES — Oil remains near $94 a barrel as markets digested a possible loosening of sanctions against Iran and encouraging data on U.S. employment. SENT: 350 words. UPCOMING: 450 words by 3:30 p.m.

INDUSTRY:

TRANS FATS

NEW YORK — Artificial trans fats were as American as apple pie when New York City's health-conscious mayor, Michael Bloomberg, pushed to ban them from restaurant food in his city in 2006. By Thursday, the U.S. Food and Drug Administration had announced that it would finish off the fats for good by phasing them out of all foodstuffs nationwide. By David Caruso. SENT: 780 words, photos.

With:

TRANS FATS-Q&A

WASHINGTON — You may not even know you are eating them, but trans fats will eventually be a thing of the past. The Food and Drug Administration says it is phasing them out, saying they are a threat to public health. Some questions and answers about the dangerous fats. By Mary Clare Jalonick. SENT: 620 words, photo.

POLAND-COAL AND CLIMATE

WARSAW, Poland — With coal-reliant Poland hosting U.N. climate talks, the fossil fuel industry will get a rare chance to play a more visible role in the global warming debate. But in a move that has infuriated climate activists, the Polish government will also preside over a high-level coal industry event on the sidelines of the two-week climate conference, which starts Monday. By Monika Scislowska. SENT: 610 words, photos.

BOOKS-THREE CUPS OF TEA

HELENA, Mont. — An insurance company will pay $1.2 million to a charity co-founded by "Three Cups of Tea" author Greg Mortenson in a settlement over the legal costs of a lawsuit and an investigation into Mortenson and the Central Asia Institute, attorneys involved in the settlement said. By Matt Volz. SENT: 490 words, photo.

— MCDONALD'S-SALES — McDonald's Corp. says a key revenue figure edged up 0.5 percent in October, as better results in the U.S. and Europe offset a decline in Asia. SENT: 290 words.

— VOLKSWAGEN-INVESTIGATION —U.S. safety regulators are investigating thousands of Volkswagen SUVs because the headlamps and other outside lights can fail with little warning. SENT: 240 words.

— WAL-MART PROTEST — Los Angeles police arrest more than 50 people in a protest of more than 200 people at a newly opened Walmart store in Chinatown. SENT: 150 words, photos.

EARNINGS:

— SKOREA-EARNS-ASIANA AIRLINES — Asiana Airlines Inc. reported its first profitable quarter this year as travel peaked during the fall holidays. SENT: 270 words, photos.

— BRITAIN-EARNS-IAG — International Airlines Group, the parent company of British Airways and Iberia, sees profits soar in the first nine months of the year on the back of an ongoing cost-cutting drive and a pick-up in passenger numbers relative to last year, when the 2012 London Olympics dented traffic. SENT: 140 words.

— INDIA-EARNS-TATA MOTORS — India's Tata Motors reported a 71 percent jump in quarterly profit due to a strong performance at its Jaguar Land Rover unit even as the automaker's domestic business continued to suffer in a weak economy. By Kay Johnson. SENT: 190 words.

— GERMANY-EARNS-ALLIANZ — Insurer and investment manager Allianz SE says it's raising its profit outlook for the year after profit rose 5.4 percent in the third quarter. SENT: 140 words.

— SPAIN-EARNS-TELEFONICA — Spanish telecommunications company Telefonica posts a 21 percent drop in net profit in the third quarter following lower sales and the weakness of Latin American currencies against the euro. SENT: 140 words.

TECHNOLOGY & MEDIA:

GAMES-XBOX ONE-KINECT

LOS ANGELES — Like a stubborn family member or insubordinate employee, Xbox One owners might need to tell their fancy new console what to do more than once. By Derrik J. Lang. SENT: 700 words, photos.

AIRLINES:

— BOEING 777X-MACHINISTS — The leader of Boeing Co. machinists tells hundreds of union workers night that he will see whether he can stop a vote on a proposed new eight-year contract agreement that Boeing says will determine whether much of its new 777X jet is built in the Puget Sound area. SENT: 560 words.

AUSTRALIA-QANTAS

SYDNEY — Qantas Airways said it will close one of its maintenance facilities as it moves toward retiring its aging fleet of Boeing 747s. The plant near Melbourne will close in March. The Australian airline said it will try to find positions for the nearly 300 full-time staff and contractors affected by the closure, but many will likely be laid off. SENT: 190 words, photos.

INTERNATIONAL:

EUROPE-BANKS

FRANKFURT, Germany — The European Central Bank is pushing for the quick setup of an agency that can restructure failing banks, saying the new entity can be set up under the existing European Union treaty. Its stance clashes with that of the EU's biggest member, Germany, which wants to use a network of national agencies instead while waiting for the treaty to be changed to allow the resolution agency. That could take years. By David Mchugh. SENT: 370 words, photo.

— FRANCE-DOWNGRADE — France's principal credit rating was downgraded again Friday by Standard & Poor's, which said the country has limited ability to get its public finances in shape and make its economy more competitive. SENT: 390 words.

— GERMANY-ECONOMY — Germany's trade surplus widens in September to a record high in a development that underlines criticism that Europe's largest economy is not importing enough to boost other economies in Europe. SENT: 280 words.

— EU-TAX CASE — The European Union head office says it stands by its top trade official, Karel De Gucht, as he faces a tax court case in Belgium. SENT: 110 words.

— PORTUGAL-FINANCIAL CRISIS — A strike by government workers is disrupting public services in Portugal as labor groups continue their battle against pay and pension cuts and the loss of entitlements. SENT: 150 words.

— CHINA-TRADE — China's exports rebounded to relatively strong growth in October while imports accelerated, adding to signs of a recovery in the world's second-largest economy. SENT: 400 words.