BC-APFN-Business News Digest
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2:30 p.m.-8:30 p.m. Richard Jacobsen
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NEW YORK — McDonald's CEO Steve Easterbrook says he's stripping away layers of bureaucracy so the company can move faster to keep up with changing tastes. By Candice Choi. SENT: 720 words, photo. UPCOMING: Will be updated.
GOOGLE WIRELESS PROJECT-5 THINGS TO KNOW
MOUNTAIN VIEW, Calif. — Google's recently launched "Project Fi" is the Internet company's attempt to usher in new ways to keep smartphones online while lowering the cost for streaming video, listening to music, getting directions and searching for information. By Michael Liedtke. SENT: 850 words, photos.
OMAHA, Neb. — Investor Warren Buffett again defends Berkshire Hathaway's manufactured home unit and praises some of his company's biggest investments. Buffett discussed Clayton Homes' lending practices, interest rates, Berkshire's investments and other topics during an interview on CNBC. Over the weekend, he answered questions in front of more than 40,000 people at Berkshire Hathaway's annual meeting. By Josh Funk. SENT: 690 words. Incorporates BUFFETT-IBM, BUFFETT-INTEREST RATES.
MARKETS & ECONOMY:
WASHINGTON — Orders to U.S. factories rise in March for the first time since last July, breaking a long stretch of weakness in manufacturing. By Martin Crutsinger. SENT: 420 words, photo.
NEW YORK — Stocks are moving slightly higher in midday trading, building on their gains from Friday. By Steve Rothwell. SENT: 620 words, photo. UPCOMING: Will be updated, 700 words by 5 p.m.
— AIRLINES-MONEY — U.S. airlines are earning billions and they're collecting more in fees on checked bags and reservation changes. By David Koenig. SENT: 130 words. UPCOMING: 300 words by 2 p.m., photo.
— DEAN FOODS-MILK BRANDS — Dean Foods will place all of its regional milk labels under one brand as part of a move to boost its business and tout the quality of its product. SENT: 220 words.
— DEAN FOODS-MILK BRANDS-LIST. SENT: 150 words.
— CISCO SYSTEMS-CEO — John Chambers plans to step down in July after more than 20 years as the CEO of Cisco Systems Inc. SENT: 160 words, photos.
— RIVIERA CASINO CLOSURE — The aging Riviera Hotel and Casino on the Las Vegas Strip will age no more as of noon, closing its doors to business permanently. The 2,075-room building and the 26 acres it sits on was sold to the as Vegas Convention and Visitors Authority in February. SENT: 140 words. UPCOMING: Will be updated, photos.
— GENERAL MOTORS-KANSAS — General Motors says it will invest $174 million in its Fairfax plant in Kansas City, Kansas. SENT: 270 words.
— PARTNERRE-EXOR — PartnerRe is rejecting an offer from Italian investment company Exor, saying it will go ahead with its combination with competitor Axis Capital. SENT: 250 words.
— DOW CHEMICAL-JOB CUTS — Dow Chemical will cut about 3 percent of its global workforce as it prepares to break off a significant part of its chlorine operations in a deal it announced earlier this year with Olin Corp. SENT: 250 words, photo.
— SUPREME COURT-ENERGY REGULATION — The Supreme Court will hear a dispute over a regulation that offers financial incentives to factories, retailers and other large electricity users to reduce their power consumption. SENT: 400 words.
TECHNOLOGY & MEDIA:
NEW YORK — Just before its $45 billion deal with Time Warner Cable collapsed over regulators' fears about a giant cable company's control over the Web, Comcast was racking up more Internet customers. For the first time, the country's largest cable provider has just about as many Internet as cable customers — 22.4 million each. By Tali Arbel. SENT: 690 words, photo. Incorporates EARNS-COMCAST.
— GOLDBERG-TECH EXECUTIVE DEATH — David Goldberg, the SurveyMonkey CEO who also was Facebook executive Sheryl Sandberg's husband, was exercising at a gym in a Mexican resort when he collapsed before he died Friday, a person close to the family says. By Barbara Ortutay. SENT: 270 words, photo.
— SALLY BEAUTY-PAYMENT CARDS — Sally Beauty says it is investigating reports of unusual activity on payment cards used at some of its U.S. stores. SENT: 230 words.
— BELGIUM-UBER CONFISCATION — A Brussels court confiscates the car of an Uber driver because it says the ride-sharing service does not respect taxi regulations. SENT: 270 words.
ATHENS, Greece — Weekend negotiations between Greece and rescue lenders have made progress, officials on both sides say, even though Athens stressed it needed a swift release of delayed bailout money to keep up with debt payments. By Elena Becatoros and Raf Casert. SENT: 390 words, photos.
— CHINA-MANUFACTURING — Chinese manufacturing suffers its sharpest contraction in a year in April, raising pressure on Beijing to roll out new stimulus to keep growth in the world's No. 2 economy from slipping below the official target. SENT: 310 words.
— SYRIA-CURRENCY — Syrian state media says the central bank is pumping up to $200 million into the market to help boost the sagging Syrian pound. SENT: 130 words.
— FRANCE-GULF — French President Francois Hollande, seeking to strengthen political and business ties with the energy-rich Gulf states, arrives in Qatar at the start of a two-nation trip that will include a visit to neighboring Saudi Arabia. By Adam Schreck. SENT: 540 words, photos.
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Cinco de Mayo
What are analysts saying about Chipotle and Pollo Loco? Is it time to buy? UPCOMING: Graphic expected by 6 p.m.
Sally probes payment issues
Sally Beauty Holdings' shares slip after the company said it is investigating reports of unusual activity on payment cards used at some of its stores. UPCOMING: Graphic expected by 6 p.m.