BC-Business News Digest
Business News at 10 p.m.
The supervisor is Richard Jacobsen (800-845-8450, ext. 1680). For photos, ext. 1900. For graphics and interactives, ext. 7636. Expanded AP content can be obtained from http://www.apexchange.com. For access to AP Exchange and other technical issues, contact firstname.lastname@example.org or call 877-836-9477.
If you have questions about transmission of financial market listings, please call 800-3AP-STOX.
A selection of top photos can be found at: http://bit.ly/APTopPhotos
All times EDT.
Editors: The business desk will reopen Thursday at 6 a.m. This is a digest of stories moving overnight. If you have issues overnight please call 212-621-1600.
SANDBERG-WORK AND LOSS
NEW YORK — Speculation surfacing around how Facebook COO and "Lean In" author Sheryl Sandberg will handle the sudden death of her husband, both personally and professionally, highlights a touchy subject: The high-profile tragedy brings up questions that many American workers may not be ready to ask until they have to — how do you balance work and life when there's a loss of a loved one? By Barbara Ortutay. UPCOMING: 800 words by 3 a.m.
CHINA-STOCK MARKET FRENZY
BEIJING — China's leaders are trying to tap the brakes on a stock market boom that could run out of control and disrupt economic reform plans. By Joe McDonald. UPCOMING: 800 words by 2 a.m., photos.
MARKETS & ECONOMY:
— UNEMPLOYMENT BENEFITS — The U.S. Labor Department reports on the number of people who applied for unemployment benefits last week. UPCOMING: 130 words after release of report at 8:30 a.m., 350 words by 9:15 a.m., photo.
— CONSUMER BORROWING — The Federal Reserve releases its March report on consumer borrowing. UPCOMING: 130 words after release of report at 3 p.m., 350 words by 3:45 p.m., photo.
— MORTGAGE RATES — Freddie Mac reports on average U.S. mortgage rates. Last week, the nationwide average for a 30-year mortgage rose slightly to 3.68 percent, near historic lows. UPCOMING: 130 words after release of report at 10 a.m., 350 words by 10:45 a.m. photo.
— EARNS-ALIBABA — Alibaba Group Holding Ltd. reports quarterly results. UPCOMNG: 250 words with release of earnings report at 8 a.m., photo.
— EARNS-FANNIE MAE — Government-controlled mortgage giant Fannie Mae reports earnings. 130 words expected before 8:30 a.m.
ARCTIC OFFSHORE DRILLING
Royal Dutch Shell wants to park two massive Arctic oil drilling rigs in Seattle's waterfront — but the petrochemical giant will have to get around protesters in kayaks and a mayor determined to take on climate change. The fast-approaching battle with so-called kayaktivists is unfolding in a city well known for embracing environmental causes, laying bare the high-stakes feud over oil exploration in the icy waters off Alaska. By Phuong Le. UPCOMING: 800 words by midnight.
— ARCTIC OFFSHORE DRILLING-Q&A.