BC-Business News Digest

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Business News at 1:45 p.m.

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All times EDT.

TOP STORIES:

HIGH COST OF AGING

NEW YORK — For the two-thirds of Americans over 65 who are expected to need some long-term care, the costs are increasingly beyond reach. The median bill for a private room in a U.S. nursing home now tops $91,000 a year, forcing families to make tough choices about how to care for aging parents. By Matthew Craft. SENT: 1,100 words, photos.

APPLE'S IPHONE BOOM

SAN FRANCISCO — Smartphone sales may be slowing for some tech companies, but not for Apple. Analysts expect another powerhouse performance from the California tech giant when it reports quarterly financial results Tuesday. By Brandon Bailey. SENT: 800 words, photos.

GREECE-BAILOUT

ATHENS, Greece — Greece sets a series of landmarks it hopes will shore up its battered economy following months of crisis that threatened its place in the euro. By Derek Gatopoulos. SENT: 960 words, photos, video. UPCOMING: Will be updated.

With:

— GREECE-TAXES — In return for getting a bailout request to European creditors off the ground, Greece had to enact a series of confidence-building measures, including a steep increase in the sales tax, from 13 to 23 percent. By Menelaos Hadjicostis. SENT: 500 words, photos.

LOCKHEED-SIKORSKY

NEW YORK — Lockheed Martin will acquire Black Hawk helicopter maker Sikorsky Aircraft for $9 billion as it seeks greater access to the military and commercial helicopter market. By Stephen Singer. SENT: 560 words, photos.

ASHLEY MADISON-HACKED

NEW YORK — The parent company of Ashley Madison, a matchmaking website for cheating spouses, says it was hacked and that the personal information of some of its users was posted online. SENT: 450 words, photo.

MARKETS & ECONOMY:

BUSINESS SURVEY

WASHINGTON — U.S. businesses' outlook on sales in the coming months has darkened after sales growth slowed in the second quarter, according to a survey from the National Association for Business Economics. By Christopher S. Rugaber. SENT: 530 words.

FINANCIAL MARKETS

NEW YORK —Encouraging earnings news helps nudge U.S. stocks higher in early afternoon trading. By Alex Veiga. SENT: 500 words, photo. UPCOMING: 700 words by 5 p.m.

With:

— GOLD PRICES-FALLING — The price of gold falls to five-year lows as the dollar remains strong and the Federal Reserve continues to send signals that it plans to raise interest rates soon. SENT: 350 words. UPCOMING: Will be updated.

— IMF-CHIEF ECONOMIST — The International Monetary Fund plans to name White House economic adviser Maurice Obstfeld as its chief economist. By Paul Wiseman. SENT: 300 words.

EARNINGS:

— EARNS-MORGAN STANLEY — Morgan Stanley's second-quarter results top Wall Street's expectations, as the investment bank's trading and wealth management businesses helped lift revenue. By Ken Sweet. SENT: 380 words, photo.

INDUSTRY:

TOUGHER BANK RULES

WASHINGTON — Federal regulators are directing the eight biggest U.S. banks to hold capital at levels above industry requirements, to cushion against unexpected losses and reduce the chances of future taxpayer bailouts. By Marcy Gordon. SENT: 140 words. UPCOMING: Will be updated.

— A&P BANKRUPTCY — Grocery store operator A&P is filing for Chapter 11 bankruptcy as it continues to face increasingly tougher competition. SENT: 210 words. UPCOMING: Will be updated.

MARIJUANA-PESTICIDES

DENVER — Microscopic bugs and mildew are threatening to destroy the new marijuana industry faster than any police raid. And because the crop has been illegal for so long, neither growers nor scientists have any roadmap for curbing the infestations. By Kristen Wyatt. SENT: 990 words, photos.

DETROIT-DRIVING DIRTY

DETROIT — Like most Americans, the drivers of Detroit are required to carry auto insurance whenever they get behind the wheel, but many law-abiding residents can't afford the Motor City's highest-in-the-nation auto premiums, which top $5,000 a month in some neighborhoods. By Corey Williams. SENT: 130 words. UPCOMING: 900 words, photos.

VIKINGS-STADIUM

MINNEAPOLIS — After determining that retractable stadium roofs aren't opened up often enough to justify the cost, the Minnesota Vikings went in another direction: Ethylene-tetra-fluoro-ethylene. The team's new stadium will boast the first roof made of the lighter, cheaper plastic that lets natural light through much like glass would. By Dave Campbell. SENT: 900 words, photos, video.

TECHNOLOGY & MEDIA:

AUTONOMOUS CAR CITY

ANN ARBOR, Michigan — Automakers and researchers say a new simulated city at the University of Michigan could help speed the development of driverless and connected cars. By Dee-Ann Durbin. SENT: 470 words, photos.

PAYPAL-STOCK

NEW YORK — PayPal shares jump in its first day as a separate and publicly traded company as the firm outlines plans to capitalize on the rise of mobile payments and the growing digitization of money. By Mae Anderson. SENT: 480 words.

SPACEX-ROCKET

CAPE CANAVERAL, FLa. — Three weeks after his rocket shattered in the sky, SpaceX chief Elon Musk provides an update into what went wrong on the space station delivery mission for NASA. By Marcia Dunn. UPCOMING: Developing from 3 p.m. teleconference, photos.

INTERNATIONAL:

UNITED STATES-CUBA

WASHINGTON — The United States and Cuba restore full diplomatic relations after more than five decades of frosty relations rooted in the Cold War. By Matthew Lee and Peter Orsi. SENT: 1,000 words, photos.

— IRAN-GERMANY — Germany and Iran soon will hold their first economic conference in a decade in the wake of a deal with world powers over the Islamic Republic's nuclear program, Iran's state-run news agency reports. SENT: 300 words, photos.

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CENTERPIECE

Falling chips

Silicon Valley giant Intel has seen its stock slide for months, as the world's leading chip-maker continues to struggle with big changes in the computer industry. UPCOMING: Graphic expected by 6 p.m.

COMPANY SPOTLIGHT

Hasbro hits all-time high

Hasbro shares jump after the toy maker reports a better-than-expected second-quarter profit, helped by improved sales in the U.S. and Canada. UPCOMING: Graphic expected by 6 p.m.