BC-Business News Preview

Staff Writer
Columbus CEO

Among the stories Tuesday from The Associated Press:



SEOUL, South Korea — After an avalanche of data breaches, South Korea's national identity card system has been raided so thoroughly by thieves that the government says it might have to issue new ID numbers to every citizen over 17 at a possible cost of billions of dollars. The admission is an embarrassment for a society that prides itself on its high-tech skills and has some of the fastest Internet access. By Kim Tong-Hyung. SENT: 1,150 words, photos.



NEW YORK — U.S. stocks rise moderately in early trading as investors pored over corporate earnings reports. By Alex Veiga. SENT: 350 words, photo. UPCOMING: 700 words by 5 p.m.


— EARNS-JPMORGAN — JPMorgan, the largest U.S. banks by assets, reports third-quarter profit after booking a loss in the same period a year ago. The bank reported earnings of $5.6 billion, or $1.36 share, compared with a loss of $380 million, or 17 cents a share, in the same period a year ago. SENT: 130 words.

— EARNS-CITIGROUP — Citigroup reports third-quarter net income of $3.44 billion. The bank, based in New York, said it had earnings of $1.07 per share, with adjusted earnings of $1.15 per share. SENT: 130 words.


— CITIGROUP-RESTRUCTURING — Citigroup will exit its retail banking business in 11 markets as part of its ongoing effort to restructure and slim down since the financial crisis. By Ken Sweet. SENT: 100 words.

— EARNS-JOHNSON & JOHNSON — Johnson & Johnson reports third-quarter earnings of $4.75 billion. On a per-share basis, the New Brunswick, New Jersey-based company said it had net income of $1.66. SENT: 180 words. Incorporates — J&J-OUTLOOK, also SENT: 270 words.

— EARNS-WELLS FARGO — Wells Fargo & Co. reports third-quarter profit of $5.41 billion. The San Francisco-based bank said it had earnings of $1.02 per share. SENT: 120 words.



SAN FRANCISCO — A Dallas-bound American Airlines flight that departed from San Francisco International Airport turned back and made an emergency landing after some of the cabin's wall panels cracked loose, aviation and airlines officials said. SENT: 580 words, video. First sent late Monday night.


SALT LAKE CITY — Poison control workers say that as the e-cigarette industry has boomed, the number of children exposed to the liquid nicotine that gives hand-held vaporizing gadgets their kick also has spiked. By Lindsay Whitehurst. SENT: 710 words, photos.


WASHINGTON —, the website for health insurance under President Barack Obama's health care law, has been revamped as its second enrollment season approaches. But things are still complicated, since other major provisions of the Affordable Care Act are taking effect for the first time. A look at website and program changes just ahead. By Ricardo Alonso-Zaldivar and Calvin Woodward. SENT: 580 words, photo.

— CHANTIX-FDA REVIEW — The Food and Drug Administration will ask a panel of experts later this week whether a bold-letter warning on the anti-smoking drug Chantix should be removed based on company-supported evidence that the drug does not cause suicidal behavior. SENT: 150 words.

— DARDEN-CEO — Olive Garden's parent company Darden Restaurants promotes Chief Operating Officer Gene Lee to interim CEO after a board takeover by an activist investor last week. SENT: 290 words, photo.

— UBS-SECRETS — Jury selection is set to begin for the trial of a former top executive at Swiss bank UBS AG on charges of helping thousands of wealthy Americans conceal some $20 billion in assets from the Internal Revenue Service. SENT: 130 words. UPCOMING: Will be updated from 9 a.m. hearing.

— TRUMP CASINOS-BANKRUPTCY — The parent company of Atlantic City's Trump Taj Mahal says its main union is dragging its feet in negotiations and reluctant to agree to concessions amid attempts to keep the struggling casino open. Trump Entertainment Resorts says it needs relief from pension and health insurance costs in order to keep the casino open past mid-November. SENT: 130 words. UPCOMING: Will be updated from 10 a.m. hearing.

— BRITAIN-TESCO — Tesco, one of the world's largest food retailers, suspends three more executives as it investigates why its half-year profit was overstated by 250 million pounds ($407 million). SENT: 140 words.

— ITALY-LUXURY SALES — A tumultuous series of geopolitical events has slowed global sales in the luxury goods sector, according to a study, while deeper, longer-term trends in the sector are being shaped by social media. SENT: 330 words, photo.

— BRITAIN-BURBERRY — Fashion luxury brand Burberry says revenues grew 7 percent in the six months through Sept. 30, with strong demand for its iconic trench coat, leather bags and men's tailoring. The company said revenue rose to 1.1 billion pounds ($1.6 billion) in the period, reflecting strong performance in Asia and in the Americas. SENT: 130 words.



NEW YORK — Augmented reality brings virtual monsters and heroes to life on city streets and even your own backyard. But as wearable technology becomes more mainstream, AR is moving beyond games. Businesses are finding practical uses that can solve real problems. By Salim Essaid. SENT: 560 words, photos, video.

— JPMORGAN-CYBERCRIME — JPMorgan Chase's CEO Jamie Dimon says that more coordination between businesses and government is needed to combat the rising threat of cyberattacks. SENT: 310 words.

— ZUCKERBERG-DONATION — Facebook CEO Mark Zuckerberg and his wife, Priscilla Chan, are donating $25 million to the CDC Foundation to help address the Ebola epidemic. SENT: 120 words. UPCOMING: Will be updated.


PARIS —Twitter may limit its messages to 140 characters, but in France, you'll soon be able to do more — send cash. A big banking group, BPCE, on Thursday will announce the move, which aims to give people a fast way to pay another person with an account on the social media site. By Lori Hinnant. SENT: 230 words. UPCOMING: 300 words by noon.

— DIGITAL CURRENCY — A man accused of creating an online, underworld bank that helped launder $6 billion for drug dealers, child pornographers, identity thieves and other criminals is facing his first court appearance in Manhattan. SENT: 310 words. UPCOMING: Will be updated from 12:45 hearing.

— ORANGE COUNTY REGISTER-PUBLISHER — The Orange County Register hires former casino executive Richard Mirman to be its interim publisher and chief executive. SENT: 250 words.

— GERMANY-DESERT SOLAR — It sounded like a good idea: build massive solar energy plants in the deserts of North Africa and the Middle East to supply Europe with 15 percent of its electricity needs by 2050. But the consortium behind the ambitious plan now admits defeat following disagreements over funding and persistent political instability in the desert nations where the plants were going to be built. SENT: 130 words.



DUBLIN — The age of austerity is ending in Ireland after six years of grueling tax hikes and spending cuts. The government will unveil a 2015 budget Tuesday expected to contain around 1 billion euros ($1.3 billion) in income tax breaks and spending increases, ending a run of budgets that slashed 30 billion euros from the economy since the financial crisis. The move follows Ireland's exit from an international bailout and is a milestone in its remarkable recovery at a time when much of the rest of Europe is struggling. By Shawn Pogatchnik. SENT: 460 words, photos. UPCOMING: Will be updated with budget details.


FRANKFURT, Germany — Europe gets more bad news about its dominant economy when the German government slashed its growth estimates for this year to 1.2 percent from 1.8 percent. The cut follows a run of disappointing data on exports, industrial production and factory orders — the heart of Germany's manufacturing and export-dominated economy. By David McHugh. SENT: 400 words, photo.



LONDON — U.K. authorities say inflation fell to its lowest point in five years, dropping to 1.2 percent in September as shoppers benefited from a supermarket price war and lower petrol prices. SENT: 130 words.


— GERMANY-ECONOMY — The German government slashes its growth forecast for this year and next, blaming troubles abroad for unsettling businesses while arguing the domestic economy remains strong. SENT: 130 words, photo.

— CHINA-ECONOMY — Major water conservancy projects and other infrastructure investment will help ensure China meets its economic growth target of 7.5 percent for the year, the country's top economic planner says. SENT: 240 words.

INDIA-INFLATION — India's benchmark inflation rate fell to a five year low of 2.4 percent in September as food and vegetable prices drop. SENT: 220 words.