BC-APFN-Business News Digest
Business News at 10:00 p.m.
The supervisor is Dorothea Degen (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 email@example.com 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.
Amazon's iconic logo has been appearing on packages in mailboxes for 20 years, and in that time it has made some big bets. We look at 10 of the biggest. By Mae Anderson. UPCOMING: 800 words, photos by 10:30 a.m.
MARKETS & ECONOMY:
EUROPEAN CENTRAL BANK
FRANKFURT, Germany — The European Central Bank's governing council meets to set monetary policy for the 19-nation eurozone. By David McHugh. UPCOMING: 300 words by 4 a.m., 600 by 11 a.m. rate announcement at 7:45 a.m., presser at 8:30 a.m.
WASHINGTON — The Labor Department reports on the number of people who applied for unemployment benefits last week. In the previous week, the number of people seeking benefits rose to the highest level since late February. But the increase likely reflected temporary auto plant shutdowns rather than any underlying labor market weakness. By Christopher S. Rugaber. UPCOMING: 130 words after release of report at 8:30 a.m. 350 words by 9:15 a.m.
WASHINGTON — The National Association of Home Builders/Wells Fargo releases its monthly index of builder sentiment. In June, U.S. homebuilders were feeling more confident about their sales prospects than they had since last fall, while their outlook for sales over the next six months is at the highest level in 10 years. By Alex Veiga. UPCOMING: 130 words after release of report at 10 a.m. 350 words by 10 a.m.
WASHINGTON — The Federal Reserve Bank of Philadelphia releases its July report on manufacturing in the Philadelphia region. In June, its index showed that manufacturing in the region expanded at the fastest pace since December, suggesting that an improving economy is boosting factory output. By Josh Boak. UPCOMING: 130 words after release of report at 10 a.m. 350 words by 10 a.m.
WASHINGTON — Freddie Mac reports on average U.S. mortgage rates. Last week, the nationwide average for a 30-year fixed mortgage fell to 4.04 percent from 4.08 percent a week earlier. By Marcy Gordon. UPCOMING: 130 words after release of report at 10 a.m. 300 words by 10:45 a.m.
The bank reports second-quarter results By Ken Sweet. UPCOMING: 130 words by 8:10 a.m., 500 words by 12 p.m., photos.
The investment bank reports results for the second quarter. By Steve Rothwell. UPCOMING: 130 words by 7:40 a.m., 500 words by 11 a.m., photos.
The chief executive of Airbus opines on jumbo jets, hackers and whether we'll ever see a passenger plane fly without a pilot. By David Koenig. UPCOMING: 750 words by noon, photos.
DIGITAL LIFE-REVIEW-APPLE MUSIC
Apple Music feels like an attempt to take on every competitive app from Pandora to Spotify to YouTube and advance the idea of online radio at the same time. It feels odd to say this about an Apple product, but Apple Music is complicated to use. By Ryan Nakashima. UPCOMING: 850 words by 3 a.m., photos.