BUSINESS

BC-Business News Preview

Staff Writer
Columbus CEO

Among the stories Wednesday from The Associated Press:

TOP STORIES:

SOUTH BY SOUTHWEST-WHAT TO EXPECT

NEW YORK — From the outlandish future of tech to trends happening now, the annual South by Southwest Interactive Festival offers a glimpse of what's on the minds of the technorati. More than 30,000 attendees are expected to flood into Austin, Texas to attend panels, network and party. Top talks this year include Google's Astro Teller on Google's most sci-fi like projects and the Winklevoss twins on the future of Bitcoin. By Mae Anderson. SENT: 850 words.

RUSSIA-CAR MARKET WOES

MOSCOW — As Russia slides into recession, its car market is collapsing. Manufacturers like Ford, Chevrolet and Citroen have seen sales plunge by over 50 percent. The one type of car still in demand is German luxury sedans — richer Russians are splurging on them as status symbols, even though that means cutting back in other aspects of daily life. By James Ellingworth. SENT: 720 words, photos.

EURO-WHY IT'S FALLING

LONDON — The euro's fall against major currencies is unrelenting. On Wednesday it hit another 12-year low against the dollar. Here are the key reasons behind its slide. By Pan Pylas. SENT: 720 words, photo.

HOMES-DETROIT-$500 HOMES

DETROIT — Sixty-two thousand properties have faced foreclosure in Detroit this year over unpaid taxes. About half will likely be auctioned for $500 apiece this fall. Here are five things to consider before buying property in Detroit. By Beth Harpaz. SENT: 870 words, photos.

With:

HOMES-REPIONEERING DETROIT — In 1950, Detroit had a population of 1.85 million. Today, 690,000 remain, many who believe the city will rebound. Here are some of their stories, with a focus on housing. By Beth Harpaz. SENT: 1,000 words, photos.

MARKETS & ECONOMY:

FINANCIAL MARKETS

NEW YORK — U.S. stock indexes are opening higher, a day after a sell-off prompted by worries about higher U.S. interest rates and a stronger dollar. The euro fell to its lowest level in 12 years. By Bernard Condon. SENT: 480 words, photos. UPCOMING: 700 words by 5 p.m.

INDUSTRY:

— SKOREA-KOREAN AIR-NUT RAGE — A flight attendant who says she was living her dream by working for Korean Air is now suing the airline and its infamous nut rage executive, claiming the bizarre onboard tantrum ruined her career. SENT: 430 words, photos. First moved late Tuesday night.

— ANDORRA-BANK INTERVENTION — Spain's central bank has taken over a bank that caters to the rich following accusations by the United States that its Andorran owner was involved in laundering money for criminal groups from China, Russia and Venezuela. SENT: 300 words, photos.

— CHINA-NUCLEAR POWER — China is reviving growth of its nuclear power industry with approval of its first new project in two years. SENT: 410 words.

— POWDERED ALCOHOL — The maker of a powdered alcohol says his product has gained approval from the Alcohol and Tobacco Tax and Trade Bureau. SENT: 130 words.

TECHNOLOGY & MEDIA:

APPLE-RESEARCHKIT

SAN FRANCISCO — A look at Apple's ResearchKit, new tools it hopes will turn iPhone users into rich sources of data for medical studies. By Anick Jesdanun. SENT: 710 words, photo.

SILICON VALLEY-SEXUAL DISCRIMINATION

SAN FRANCISCO — A woman alleging gender bias at a prestigious Silicon Valley venture capital firm testified that she couldn't turn back the advances of a male co-worker with whom she'd later have an affair because of her injuries from an accident on a trip to Germany. By Sudhin Thanawala. SENT: 650 words, photos. UPCOMING: Will be updated from testimony, timing uncertain.

— SELFIE STICKS — A French palace and a British museum have joined the growing list of global tourist attractions to ban "selfie sticks" — devices visitors use to improve snapshots, but which critics say are obnoxious and potentially dangerous. SENT: 400 words, photo.

— SWEDEN-ERICSSON-LAYOFFS — Wireless equipment maker Ericsson says it will cut 2,200 jobs in Sweden as part of a 9 billion kronor ($1.1 billion) savings package. SENT: 100 words.

INTERNATIONAL:

EUROPE CENTRAL BANK

FRANKFURT, Germany — European Central Bank head Mario Draghi says the economic recovery in the 19-country eurozone is gaining momentum and that recent stimulus measures will succeed in preventing a damaging period of falling prices that can hurt growth and jobs. By David McHugh. SENT: 350 words.

GREECE-BAILOUT

ATHENS, Greece — Greece's new government is "radically opposed" to the privatization of certain businesses, particularly in the energy and infrastructure sectors, a senior cabinet minister said Wednesday as reforms talks with creditors are due to begin. By Elena Becatoros. SENT: 490 words, photos. Incorporates GREECE-ENERGY.

— MALAYSIA-CURRENCY — Malaysia's central bank says the ringgit, which has plunged 14.4 percent against the U.S. dollar since September, was sharply undervalued but ruled out reintroducing capital controls. SENT: 370 words.

— INDIA-COAL SCANDAL — A special Indian court summons former prime minister Manmohan Singh, accusing him of criminal conspiracy and breach of trust for his alleged role in a multibillion dollar scandal over the sale of coal fields. SENT: 390 words, photos.