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—Updates: OBAMA-INVESTMENT ADVICE, FINANCIAL MARKETS, GREECE-BAILOUT
WASHINGTON —Tapping the anxieties of aging baby boomers, President Barack Obama calls for tougher standards on brokers who manage retirement savings accounts, a change that could affect the investment advice received by many Americans and aggravate tensions between the White House and Wall Street. By Jim Kuhnhenn. SENT: 750 words, photos.
WASHINGTON — A new Obama administration proposal could alter the types of investments a broker recommends to you for your retirement account. It may mean a move away from riskier investments and require brokers to disclose conflicts of interest regarding financial products. Some questions and answers. By Marcy Gordon. SENT: 1,050 words.
ATHENS, Greece — Caught between its own defiant campaign pledges and pressure from creditors, Greece's left-wing government will deliver a list of reforms Tuesday to debt inspectors for final approval of extended rescue loans, officials say. Prime Minister Alexis Tsipras is already facing dissent within his left-wing Syriza party over claims it is backtracking on its recent election-winning promises to ease budget cuts for the recession-battered Greeks. By Derek Gatopoulos and Raf Casert. SENT: 600 words, photos.
TOKYO — Honda Motor Co. — hurt by falling sales and embroiled in a crisis over defective air bags — is replacing its CEO. The Japanese automaker says that Takanobu Ito, its president and chief executive officer since 2009, will step aside in June and be succeeded by longtime executive Takahiro Hachigo. By Elaine Kurtenbach. SENT: 550 words, photos.
WASHINGTON — America's biggest tobacco companies are asking a federal appeals court to set aside a series of court-ordered advertisements saying they lied about the dangers of smoking. By Michael Felberbaum. SENT: 500 words, photo, audio.
MARKETS & ECONOMY:
WASHINGTON — After years of providing reassuring words about the need to keep interest rates at record lows, the Federal Reserve is finding the transition to an era of pending rate increases a tricky and complicated one. But anyone who expects Chair Janet Yellen to clarify the Fed's timetable for a rate hike when she addresses Congress this week could be disappointed. By Martin Crutsinger. SENT: 570 words, photo.
WASHINGTON — U.S. home sales hit a snow drift in January, plunging to the slowest pace in nine months. By Josh Boak. SENT: 530 words, photo.
The slump in crude oil prices and disappointing U.S. home sales data help nudge stocks mostly lower on, pulling the market back from an all-time high reached last week. By Alex Veiga. SENT: 850 words, photos.
— 2016-LABOR — Labor chief Trumka promises aggressive push to make 2016 presidential hopefuls address wages. SENT: 500 words.
— PORT LABOR — Nearly all West Coast seaports began the week with dockworkers hustling to load and unload cargo ships that were held up amid a months-long labor-management dispute. SENT: 400 words, photos.
— TARGET-FREE SHIPPING Target has sliced its minimum online purchase to qualify for free shipping in half to $25 as the Internet becomes a bigger and bigger sales hub for retailers. SENT: 350 words.
— EUROPE-GE-ALSTOM — European Commission opens an in-depth probe of GE's takeover of Alstom's power division. SENT: 350 words.
— ROMANIA-CHEVRON — U.S. oil company Chevron says it has pulled out of shale gas drilling in Romania, weeks after ending business in Poland. SENT: 130 words.
— GM-IGNITION SWITCH DEATHS — The death toll from crashes involving General Motors cars with defective ignition switches climbs to 57. SENT: 370 words.
— BRITAIN-LLOYDS — Britain's government cuts its stake in Lloyds Banking Group by another 1 percent, recouping about 500 million pounds ($768 million) for taxpayers who rescued the bank at the height of the financial crisis. SENT: 130 words.
— SUPREME COURT-HEALTH OVERHAUL-Q&A — The Supreme Court next week hears a challenge to President Barack Obama's health care overhaul that hinges on just four words: "established by the state." The argument threatens subsidies that help make insurance affordable to consumers in about three dozen states. Some questions and answers. By Mark Sherman. SENT: 1,100 words, photo, video.
— JOHNSONVILLE SAUSAGE-CEO — The former president of Oscar Mayer will become the new CEO at Johnsonville Sausage. SENT: 130 words.
LONDON — Europe's biggest bank by market value said past practices at its Swiss private bank were "unacceptable" as it posted 2014 net income that fell 16 percent to $13.7 billion. SENT: 410 words, photo.
TECHNOLOGY & MEDIA:
NEW YORK — Disney wins an Academy Award for "Big Hero 6," a back-to-back win after "Frozen" took the Oscar last year. After years of awards shows being dominated by Pixar-created films, Disney's own studio has quietly returned to critical and box-office acclaim. By Mae Anderson. SENT: 500 words, photos.
SILICON VALLEY-SEXUAL HARASSMENT
SAN FRANCISCO —Lawyers have started picking a jury to determine whether a venerable Silicon Valley venture capital firm is guilty of gender discrimination or the victim of a scorned former employee forced out because of poor performance. By Paul Elias. SENT: 130 words, photos. UPCOMING: 500 words by 5:30 p.m.
— GOOGLE WIRELESS PAYMENTS — Google is teaming up with three major U.S. wireless carriers in an effort to prod more people into using its mobile wallet and undercut the rapid success of Apple's rival payment service. SENT: 550 words, photo.
— APPLE-EUROPE-DATA CENTERS — Apple says it's investing 1.7 billion euros ($1.92 billion) in data centers in Denmark and Ireland that will be powered by renewable energy, its largest such project in Europe to date. SENT: 260 words.
— DISH NETWORK-CEO — Dish Network co-founder and Chairman Charles Ergen is returning to the helm of the satellite TV provider as the company faces declining subscribers and a changing pay-TV industry. CEO Joseph Clayton, 64, says he'll retire March 31. SENT: 270 words, photos.
— BOOK REVIEW-GIRL IN A BAND — The front woman for influential indie band Sonic Youth for three decades, Kim Gordon's memoir looks back at how experimental music left the grimy clubs of New York and went mainstream with the help of MTV and Lollapalooza and chronicles the dissolution of her rock star marriage. By Mae Anderson. SENT: 500 words, photos.
BERLIN — A closely-watched measure of German business confidence rises for the fourth straight month in February in another positive sign from Europe's largest economy. SENT: 250 words.
— ITALY-SWITZERLAND-BANKING SECRECY — Italy and Switzerland sign an accord ending Swiss banking secrecy. SENT: 150 words.
— UKRAINE-CURRENCY — Ukraine's economy suffers another blow with a sharp drop in the national currency, the hryvnia. SENT: 100 words.
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Gilead and Hep C
Gilead Sciences has undergone an explosive transformation. The biotech company initially made its mark developing HIV medications, then its two breakthrough treatments for hepatitis C were approved in December 2013 and October 2014, changing everything. UPCOMING: Graphic expected by 6 p.m.
Dish co-founder returns
Dish Network shares slip after the satellite TV provider says its co-founder will return to lead the company as it struggles with declining subscribers and a rapidly changing industry. UPCOMING: Graphic expected by 6 p.m.