BC-Business News Preview

Staff Writer
Columbus CEO


Among the stories from The Asssociated Press for Tuesday:



CORYDON, Iowa — With the Iowa political caucuses on the horizon in 2007, presidential candidate Barack Obama made homegrown corn a centerpiece of his plan to slow global warming. And when President George W. Bush signed a law that year requiring oil companies to add billions of gallons of ethanol to their gasoline each year, Bush predicted it would make the country "stronger, cleaner and more secure." But the ethanol era has proven far more damaging to the environment than politicians promised and much worse than the government admits today. By Dina Cappiello and Matt Apuzzo. SENT: 4,350 words, photos, video, sidebars, glances.



WASHINGTON — A new Associated Press investigation, which found that ethanol hasn't lived up to some of the government's clean-energy promises, is drawing a fierce response from the ethanol industry. SENT: 1,100 words.


MANILA, Philippines — Under a reforming president, the Philippines emerged as a rising economic star in Asia but the trail of death and destruction left by Typhoon Haiyan has highlighted a key weakness: fragile and patchy infrastructure after decades of neglect and corruption. By Kelvin Chan and Teresa Cerojano. SENT: 850 words, photos.


As more stores push for Thanksgiving shoppers, Wal-Mart Stores Inc. is stepping up its game for the official kickoff to the holiday shopping season. The world's largest retailer says it will start to offer its holiday blockbuster deals at 6 p.m. on Thanksgiving at its stores, two hours earlier than last year. By Anne D'Innocenzio. SENT: 380 words.


SEOUL, South Korea — Most mobile phone users have never heard of Tizen. Neither have car owners or anyone with a fridge. Samsung Electronics Co. wants to change that. The South Korean electronics giant is in a quiet push to make its Tizen operating system a part of the technology lexicon as familiar as Google's Android or Apple's iOS. By Youkyung Lee. SENT: 800 words, photos.


WASHINGTON — The underdog of government health care programs is emerging as the rare early success story of President Barack Obama's technologically challenged health overhaul. Often dismissed, Medicaid has signed up 444,000 people in 10 states in the six weeks since open enrollment began. By Ricardo Alonso-Zaldivar. SENT: 840 words, photo.



WASHINGTON — President Barack Obama is nominating a top Treasury Department official to run the independent agency that regulates the futures and options market. The White House says Obama will announce the nomination of Timothy Massad to head the Commodity Futures Trading Commission. By Julie Pace and Marcy Gordon. SENT: 400 words. UPCOMING: Will be updated after announcement expected at 3:15 p.m.


NEW YORK — As a trader at Bernard L. Madoff Investment Securities LLC, David Kugel learned that investments that Madoff claimed to be making for clients were fiction, but he always kept his mouth shut. Prosecutors are seeking to use Kugel's testimony to show how he and other insiders purposely stayed blindly loyal to Madoff while becoming wealthy off his fraud. By Tom Hays and Larry Neumeister. SENT: 830 words, photos. UPCOMING: Will be updated with trial resuming, xxx words by xx p.m.

— EUROPE-US TRADE — European consumer groups are worrying about the effects of a proposed trade deal with the U.S., fearing a flood of risky or unsafe foodstuffs, medicines and other imports from America. SENT: 150 words.

— EUROPE-YOUTH UNEMPLOYMENT — European leaders are meeting in Paris to talk about youth unemployment for at least the fourth time in six months, but the jobless rate has only risen. Europe's youth unemployment stands at 23.5 percent, compared to about 16 percent in the U.S. SENT: 130 words, photo. UPCOMING: Will be updated following news conference, 300 words expected by 12:30 p.m.


NEW YORK — Stocks were mostly lower in early trading on Wall Street as investors reacted to some disappointing company earnings. SENT: 360 words, photo. UPCOMING: 700 words by 5 p.m.

— OIL PRICES — Oil dips below $95 a barrel ahead of the resumption of talks to curb Iran's nuclear program and amid expectations of growing U.S. supplies. SENT: 450 words. UPCOMING: 450 words by 3:30 p.m.


— BRITAIN-EARNS-VODAFONE — Vodafone, one of the world's largest cellphone companies, is ramping up its investment in an attempt to bolster its competiveness amid the move to 4G technology. The British company says it is investing 7 billion pounds ($11.2 billion) over two years. SENT: 390 words.

— GERMANY-EARNS-DEUTSCHE POST DHL — Express delivery and freight company Deutsche Post DHL sees its net profit rise 6 percent in the third quarter as its parcel business in Germany benefited from growth in online retailing. SENT: 190 words.



China and India are increasingly driving world energy demand as the United States' production boom puts it on track to become independent of the global market, the International Energy Agency says. China is close to becoming the world's largest oil importer, while India will turn into the leading importer of coal in the next decade to lead the Asian surge. By Pablo Gorondi. SENT: 460 words, photos.

— GLAXOSMITHKLINE-DRUG FAILURE — GlaxoSmithKline says a potential heart disease treatment it acquired as part of a key 2012 company takeover fell short in the main measurement of a late-stage study. SENT: 450 words.



SAN FRANCISCO — The latest round in Apple and Samsung's bitter global battle for supremacy in the more than $300 billion smartphone market begins in a courtroom a few miles from Apple's Silicon Valley headquarters. By Paul Elias. SENT: 620 words. UPCOMING: Will be updated; xxx words by xx p.m.


CULVER CITY, Calif. — There's a new kid on the block at Culver Studios. Inside a towering soundstage, just around the corner from where such television comedies as TBS' "Cougar Town" and Showtime's "Episodes" have been filmed, another production is in full swing. A set depicting a high-tech, two-story office is hosting a boozy party scene for "Betas," a comedy about a quirky crew of app creators in Silicon Valley. But the new series will likely never air on TVs. "Betas" is one of the first original series from Amazon, the online retail giant who's taking a cue from Netflix and Hulu by producing its own shows that will only be available on Amazon Instant Video, a content service for paying members. By Derrik J. Lang. SENT: 835 words, photo.



BEIJING — China's leaders finish a closely watched policy meeting with a promise to give market forces a bigger role in the country's state-dominated economy, but failed to produce dramatic reforms to overhaul a worn-out growth model. By Joe McDonald. SENT: 1,030 words, photos.


— CHINA-ECONOMY-Q&A — SENT: 530 words, photo.


TOKYO — Japan's flagging anti-nuclear movement is getting a boost from two former prime ministers who are calling for atomic power to be phased out following the Fukushima disaster. By Elaine Kurtenbach. SENT: 650 words, photos.

— BANGLADESH-GARMENT PROTEST — Riot police fired tear gas to battle thousands of stone-throwing garment workers who rampaged through two industrial towns in Bangladesh during a protest over wages that closed at least 200 factories and left dozens of people injured, police said. SENT: 540 words, photos.

— CAMBODIA-LABOR PROTEST — Police fire live ammunition during clashes with protesting garment workers outside Cambodia's capital, killing a bystander who was struck by a bullet while selling rice and injuring at least 20 people, rights groups said. SENT: 390 words, photos.

— ITALY-CONCORDIA — The Italian court trying the captain of the shipwrecked Concordia hears how panicking crew in the rapidly flooding engine room tried repeatedly to convey to him how crippled the ship was after it collided with a reef off a Tuscan island. SENT: 560 words, photos.

— EU-ALMUNIA-BANKS — The vice president of the European Commission says taxpayer-funded bank bailouts remain a possibility if the latest stress test of Europe's biggest banks reveals significant capital shortfalls — or if the debt crisis were to really flare up again. SENT: 260 words.

— BRITAIN-INFLATION — Official figures say inflation in Britain falls to 2.2 percent in October, its lowest level in more than a year, thanks in part to a sharp drop in gas prices. The Office of National Statistics reported that annual consumer price inflation was down from 2.7 percent in September. SENT: 130 words.

— INDIA-ECONOMY — India's industrial production picks up by 2 percent in September over the previous year. The expansion in output was a welcome sign of life for Asia's third-largest economy, which has been growing at its slowest pace in a decade. SENT: 220 words.

— AUSTRALIA-POLITICS — Australia's government faces stiff resistance in Parliament to increasing the country's public debt ceiling by a whopping two-thirds to 500 billion Australian dollars ($467 billion). Opposition parties are refusing to support the plan. SENT: 270 words.

— THAILAND-RICE — The International Monetary Fund calls on Thailand to drop its multibillion dollar subsidies for rice growers, saying the program is undermining confidence in the country's finances. SENT: 410 words.