BC-APFN-Business News Preview
Among the stories Tuesday from The Associated Press:
ELDERLY CARE-SOARING COSTS
NEW YORK — Thirty years ago, insurance companies had the answer to the soaring cost of caring for the elderly — plan ahead and buy a policy that will cover your expenses. Now, there's a new problem: Even insurers think it's unaffordable. By Matthew Craft. SENT: 1,180 words, photo.
NEW YORK — You CAN leave home without it. American Express, the gold standard of charge cards for decades, is struggling to compete with rivals that offer the kinds of benefits and cache once reserved for the card bearing the image of a serene Roman gladiator. By Ken Sweet. SENT: 920 words, photos.
INTERNET VIDEO-FREE OR FEE?
SAN FRANCISCO — Want to see the Internet's best video clips before anyone else? It'll cost you. Instead of free distribution supported solely by advertising, former Hulu Plus CEO Jason Kilar is betting viewers will pay $3 a month for Vessel, a new video service showcasing music, sports, comedy and many other clips that won't be available on YouTube or any other digital video service for at least three days. By Michael Liedtke. SENT: 670 words, photos.
WASHINGTON — Remember the Detroit man who walked 21 miles to work? Widely reported last month, it's an extreme version of an increasingly common problem: Finding a job near home is getting harder for millions of American workers. And long commutes are especially tough on the poor and on blacks and Hispanics. By Paul Wiseman. SENT: 520 words, photos.
LONDON — The British pound is getting caught between the dollar's surge and the euro's slump, and its swings are shaking things up for business just as uncertainty grows over a potentially tight general election. By Pan Pylas. SENT: 760 words, photos.
— BRITAIN-ECONOMY — Official data says Britain's inflation rate fell to zero last month, setting the stage for a period of falling prices first time in half a century. SENT: 130 words.
MARKETS & ECONOMY:
WASHINGTON — A modest rebound in gas costs and broad gains in other categories lift consumer prices for the first time in four months, a sign inflation may be stabilizing. By Christopher S. Rugaber. SENT: 570 words, photo.
NEW HOME SALES
WASHINGTON — Sales of new U.S. homes in February climbed to their fastest pace in seven years, as an otherwise dormant housing market showed fresh signs of life. By Josh Boak. SENT: 550 words, photo.
NEW YORK — U.S. stocks are mixed in early trading as investors assess the latest news on consumer prices and some company earnings. By Steve Rothwell. SENT: 500 words, photo. UPCOMING: 700 words by 5 p.m.
— SWEDEN-EARNS-H&M — Swedish budget fashion chain Hennes & Mauritz AB says its three-month earnings surged 35 percent to 3.6 billion kronor ($420 million) on strong sales growth as shoppers were attracted by new collections. SENT: 280 words, photo.
NEW YORK — The newest weapon in the breakfast wars is a biscuit shaped like a taco. Taco Bell is launching a "biscuit taco" this week and ditching its "waffle taco," which got widespread attention last year when it was included in the rollout of the chain's breakfast menu. By Candice Choi. SENT: 530 words, photos.
WASHINGTON — The number of uninsured U.S. residents fell by more than 11 million since President Barack Obama signed the health care overhaul five years ago, according to a pair of reports from the federal Centers for Disease Control and Prevention. By Ricardo Alonso-Zaldivar. SENT: 500 words, photo.
— GENERAL MOTORS-MALIBU RECALL — General Motors is recalling nearly 92,000 Chevrolet Malibu midsize sedans to fix a problem with the power sunroof controls. SENT: 140 words.
— MERCEDES RECALL — Mercedes-Benz is recalling just over 30,000 CLS-Class cars in the U.S. because the LED tail lamps may not light properly on the sides. SENT: 120 words.
TECHNOLOGY & MEDIA:
INDIA-INTERNET FREE SPEECH
NEW DELHI — India's top court affirms people's right to free speech in cyberspace by striking down a provision that had called for imprisoning people who send "offensive" messages by computer or cellphone. By Katy Daigle. SENT: 560 words, photos.
— GOOGLE-MORGAN STANLEY-CFO — Morgan Stanley's chief financial officer, Ruth Porat, is leaving the New York investment bank for the same job at Google Inc. SENT: 320 words.
— NETHERLANDS-SERVER HEATING — An energy company is joining forces with a tech startup to harness computing power to heat homes in the Netherlands. SENT: 270 words.
— TWITCH-HACK — Amazon.com's video game streaming platform Twitch informs users that their accounts may have been hacked. SENT: 200 words.
BEIJING — The president of the Asian Development Bank says a proposed Chinese-led regional bank is a potential partner rather than a rival and the ADB is talking with Beijing to share its experience. By Joe McDonald. SENT: 530 words, photo.
TOKYO — Japan's future prosperity will depend on improving its lagging productivity, says a report by McKinsey Global Institute that urges companies to boost their competitiveness by better use of their workers. Japan's population of about 127 million began declining in 2011 and is rapidly aging, a trend seen in many industrialized countries. By Elaine Kurtenbach. SENT: 600 words, photos.
— GERMANY-GREECE — Greek Prime Minister Alexis Tsipras is in Germany for a second day following lengthy meetings with Chancellor Angela Merkel where both leaders sought to mend fences and looked for ways to help Athens reach a deal with bailout creditors. SENT: 130 words.
— EUROPE-ECONOMY — The economy across the 19-country eurozone appears to be gaining momentum as a closely-watched survey Tuesday found business activity hit a near four-year high in March. By Pan Pylas. AP Photos. SENT: 360 words, photo.
— CHINA-MANUFACTURING — China's manufacturing falls to the lowest level in nearly a year as new orders shrink, underscoring the weakening outlook for the world's second biggest economy. By Kelvin Chan. SENT: 340 words.