BC-Business News Preview
Among the stories Monday from The Associated Press:
NEW YORK — If a column in honor of heart health suggests a can of Coke as a snack, you might want to read the fine print. The world's biggest beverage maker, which struggles with declining soda consumption in the U.S., is working with fitness and nutrition experts who suggest its cola as a healthy treat. By Candice Choi. SENT: 1,020 words, photo.
MARKETS & ECONOMY:
WASHINGTON — U.S. industrial production edges up slightly in February, as a big surge by utilities due to a cold winter offset a third straight decline in factory output. By Martin Crutsinger. SENT: 420 words, photo.
WASHINGTON — U.S. homebuilders are feeling slightly less confident in their sales prospects, even as their overall sales outlook remains favorable. By Alex Veiga. SENT: 120 words, photo.
WASHINGTON — Manufacturing activity in New York state expands at a slightly slower pace in March. By Martin Crutsinger. SENT: 170 words, photo.
NEW YORK — U.S. stocks are rising in early trading after getting hit hard last week. SENT: 100 words, photo. UPCOMING: 700 words by 5 p.m., photos.
BEIJING — China has overtaken Germany to become the world's third-biggest arms exporter, although its 5 percent share remains small compared to the combined 58 percent of exports from the U.S. and Russia, a new study says. By Christopher Bodeen. SENT: 870 words, photo.
— VALEANT-SALIX — Valeant raises its offer for Salix Pharmaceuticals to about $11.11 billion in cash, and shortly thereafter rival bidder Endo International withdrew its proposal. SENT: 420 words.
— LIFE TIME FITNESS — Gym chain Life Time Fitness Inc. says it is selling itself to two private equity firms for more than $2.8 billion. SENT: 200 words.
— WILLIS TOWER-SALE — Blackstone is buying Chicago's Willis Tower, once called the Sears Tower, from 233 South Wacker LLC for an undisclosed amount. SENT: 190 words, photo.
— LIVE NATION-PEPSI — PepsiCo says its drinks would replace Coca-Cola's at 75 of Live Nation's venues as well as upcoming concerts in a new multiyear deal. SENT: 100 words.
— WET SEAL-VERSA — Versa Capital Management says that it is the winning bidder in the auction of troubled teen clothing retailer Wet Seal, which filed for Chapter 11 bankruptcy two months ago. SENT: 270 words.
— EUROPE-CEMENT-MERGER — A deal to create the world's largest cement maker is put on hold after the board of Swiss company Holcim said it doesn't accept the terms of the merger with France's Lafarge. SENT: 200 words.
— MADISON SQUARE GARDEN-CEO — Madison Square Garden President and CEO Tad Smith resigns to take on the same roles at auction house Sotheby's. SENT: 290 words.
TECHNOLOGY & MEDIA:
5 WAYS TO BOOST YOUR PRIVACY ONLINE
SAN FRANCISCO — More than half of Americans are worried about the U.S. government's digital spies prying into their emails, texts, search requests and other online information, but few are trying to thwart the surveillance. Here are five steps you can take to be more private online. By Michael Liedtke. SENT: 540 words. UPCOMING: photo.
CHICAGO — Young adults have a reputation for being connected to one another and disconnected from the news. But a survey has found that mobile devices and social networking are keeping them more engaged with the broader world than previously thought. By Martha Irvine. SENT: 940 words, photos.
— IOC-EUROPE TV RIGHTS — The IOC is preparing to open the tender process for the sale of broadcast rights across Europe for the 2018 and 2020 Olympics. SENT: 130 words, photo.
— ANDORRA-BANK INTERVENTION — A rush of withdrawals by clients of the Spanish unit of an Andorran bank accused of money laundering prompted government administrators to seek bankruptcy protection for the unit and the suspension of its operations, Spain's central bank says. SENT: 440 words, photos. UPCOMING: 500 words.
— GREECE-ECONOMY — Greece slips back into deficit so far this year, according to figures from the Bank of Greece. SENT: 140 words, photo.