BC-Business News Preview

Staff Writer
Columbus CEO

Among the stories Monday from The Associated Press:

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.

GREECE-BAILOUT

ATHENS, Greece — Greek banks open their doors for the first time in more than three weeks, a move that the government hopes will help the economy get back to normal following a period dominated by fears over the country's future in the euro. By Derek Gatopoulos and Demetris Nellas. SENT: 860 words, photos, video. UPCOMING: Will be updated.

LOCKHEED-SIKORSKY

NEW YORK — Lockheed Martin is buying Black Hawk helicopter maker Sikorsky Aircraft from United Technologies Corp. for $9 billion. By Stephen Singer. SENT: 370 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 — U.S. stock indexes drift slightly higher in morning trading as investors size up the latest batch of corporate earnings news. By Alex Veiga. SENT: 400 words. UPCOMING: 700 words by 5 p.m.

— IMF-CHIEF ECONOMIST — The International Monetary Fund plans to name White House economic adviser Maurice Obstfeld as its chief economist. By Paul Wiseman. SENT: 140 words.

EARNINGS:

— EARNS-MORGAN STANLEY — Morgan Stanley's second-quarter profit falls 8.5 percent from a year earlier, the bank says, despite better results at all three of its core businesses. By Ken Sweet. SENT: 350 words, photo.

INDUSTRY:

— 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.

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:

— ASHLEY MADISON-HACKED — 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: 120 words. UPCOMING: Will be updated.

— PAYPAL-STOCK — PayPal shares are up 5 percent in its first day as a separate and publicly traded company. SENT: 120 words.

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.