BUSINESS

BC-APFN-Business News Digest

Staff Writer
Columbus CEO

Business News at 1:45p.m.

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All times EDT.

TOP STORIES:

EUROPE-ECONOMY-NO FIRE BRIGADE

FRANKFURT, Germany — Europe's economy needs help — fast. Yet the two powers that could take action, the European Central Bank and Germany, don't see eye to eye about what to do. That leaves Europe's currency union stuck in a dangerous policy limbo that now has investors worried. By David McHugh. SENT: 860 words, photos.

With:

— WORLD ECONOMY — The heads of major international economic organizations are to discuss the global economy following turmoil in financial markets this week and worries about another recession in Europe. SENT: 130 words.

EBOLA-TRAVEL BANS

As the Obama administration is being pressed to impose a ban on travel from West Africa, several countries have already put one in place. Here's how it's working, country-by-country. By David Koenig. UPCOMING: 650 words by 4 p.m., photos.

EBOLA FEARS-TRAVEL

Travel agents say people planning trips are asking them about Ebola and their personal safety. Here's what travelers need to know — some facts to allay common fears. By David Koenig. UPCOMING: 650 words by 4 p.m., photos.

FINANCIAL MARKETS

NEW YORK — U.S. stocks jump as investors reacted to strong corporate earnings as well as data showing home construction picked up last month. General Electric and Morgan Stanley were among the biggest gainers after each reported earnings that beat analysts' estimates. By Alex Veiga. SENT: 550 words. UPCOMING: 700 words by 5 p.m.

With:

MARKET-MOOD SWINGS

NEW YORK — Europe's economy sputters, oil prices fall and stocks start swinging wildly. And Wall Street's long dormant "fear index" predicts more turbulence ahead. The Chicago Board Options Exchange's volatility index, known as the VIX, has doubled over the past month: from 12 to 26. Although that's nowhere near the 80 reached in the financial crisis, the recent spike means traders are bracing for more big jumps and steep drops. Slowing growth in Europe and the developing world have stirred up lingering doubts among investors just as the Federal Reserve plans to wind down a bond-buying program that many considered a driving force behind the stock market's five-year bull run. By Matthew Craft. UPCOMING: 750 words by 3 p.m., photos.

MARKETS & ECONOMY:

YELLEN

WASHINGTON — Federal Reserve Chair Janet Yellen sounded an alarm Friday about widening economic inequality in the United States, suggesting that America's longstanding identity as a land of opportunity was at stake. By AP Economics Writer Martin Crutsinger. SENT: 580 words.

HOME CONSTRUCTION

WASHINGTON — Construction firms broke ground on more apartment complexes in September, pushing up the pace of U.S. homebuilding. The Commerce Department says housing starts rose 6.3 percent to a seasonally adjusted annual rate of 1.017 million homes. By AP Economics Writer Josh Boak. SENT: 610 words, photo.

INDUSTRY:

— TRUMP CASINOS-BANKRUPTCY — Crucial ruling due on future of Atlantic City's Trump Taj Mahal casino. SENT: 520 words, photo. UPCOMING: Ruling expected at 3 p.m.

— YARA-CF INDUSTRIES — Norway's Yara International and Deerfield, Illinois-based CF Industries have abandoned merger talks that would have created a massive player in the fertilizer industry. SENT: 130 words.

— EBOLA DRUG-FDA — A North Carolina drugmaker plans to test its experimental antiviral drug in patients who have Ebola, after getting authorization from regulators at the Food and Drug Administration. SENT: 300 words.

— PUBLIX-RECALL — Supermarket chain Publix is recalling a snack mix because the label doesn't warn shoppers that it contains peanuts. SENT: 130 words.

— GENERAL MOTORS-LAWYER RETIRES — General Motors' chief lawyer Michael Millikin, who withstood withering criticism from lawmakers for his department's handling of an ignition switch recall, is retiring early next year. SENT: 140 words.

EARNINGS:

EARNS-GE

NEW YORK — General Electric's third quarter profit rose 11 percent on strong performance from its aviation and oil and gas divisions. By Business Writer Jonathan Fahey. SENT: 440 words, photo.

— EARNS-MORGAN STANLEY — Morgan Stanley's third-quarter net income nearly doubled, helped by strength in its institutional securities and wealth management divisions. SENT: 230 words, photo.

TECHNOLOGY & MEDIA:

— ZAYO GROUP-IPO —

Shares of Zayo Group Holdings Inc. are rising in its first day of trading on the New York Stock Exchange. SENT: 120 words.

— MICROSOFT-MEMO — Microsoft's CEO is continuing to try to repair damage caused by his gaffe last week at a women-in-computing conference. CEO Satya Nadella on Thursday sent a memo to staff saying all employees at Microsoft will receive expanded training on how to foster an inclusive culture. SENT: 340 words.

— OBAMA-FINANCIAL DATA SECURITY — President Barack Obama says the United States must do more to stop security breaches for credit and debit card users. SENT: 430 words.

INTERNATIONAL:

BRITAIN-ECONOMY

LONDON — The Bank of England's chief economist signals that interest rates could remain at record lows for longer than expected due to weaker wage growth and global economic uncertainties. By Danica Kirka. SENT: 320 words.

— GREECE-ECONOMY — Greece's prime minister said his government is in talks with rescue lenders over a possible precautionary credit line to ease the country's exit from its 240 billion euro ($308 billion) bailout program. SENT: 130 words.

— CYPRUS-ECONOMY — Bailed-out Cyprus' finance minister says economy faring better than creditors' projections. SENT: 130 words.

— GERMANY-TRAIN STRIKE — German train drivers' union calls for 2-day weekend strike in bitter pay dispute. SENT: 135 words.

PERSONAL FINANCE:

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CENTERPIECE

Pulse of the market

Spurred by corporate earnings, the Dow Jones industrial average rose sharply Friday to end a 6-day losing streak. A look at a busy week on Wall Street and some of the upcoming earnings releases that investors will be watching. UPCOMING: Graphic expected by 6 p.m.

COMPANY SPOTLIGHT

Morgan Stanley profit jumps

Shares of Morgan Stanley closed the week with a sharp gain after reporting that its net income nearly doubled in the third quarter. UPCOMING: Graphic expected by 6 p.m.