BC-Business News Digest
Business News at 5:10 p.m.
6 a.m.-5 p.m. Skip Wollenberg and Charles N. Sheehan.
5 p.m.-9 p.m. Richard Jacobsen.
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—Adds: MICROSOFT BENEFITS, STEVE JOBS OPERA, FILM-INEQUALITY STUDY, GOOGLE-HIGH-SPEED INTERNET, BLUE BELL-PRODUCTION RESUMES, CARBON POLLUTION, MADOFF FRAUD
—Updates: FINANCIAL MARKETS, EARNS-TESLA
DETROIT — After hackers took control of some functions of a Jeep Cherokee, new fears arose about more nefarious possibilities. A look at what automakers and the government are doing to stymie hackers. By Tom Krisher. SENT: 950 words, photos.
Netflix's policy allowing up to a year of paid parental leave sets a new standard in employee benefits for Silicon Valley's notoriously generous companies. Don't hold your breath for companies outside that competitive market to match Netflix, but many are trying to help make life easier for new parents. By Tom Murphy. SENT: 700 words, photo.
— MICROSOFT BENEFITS — Microsoft announces new worker benefits a day after Netflix unveiled its own generous policy. SENT: 130 words.
WASHINGTON — Donald Trump vows to bring back the millions of American jobs lost to China and other foreign competitors if voters put him in the White House. Economists say he wouldn't stand a chance: Even Trump's boundless self-confidence is no match for the global economic forces that took those jobs away. By Paul Wiseman. SENT: 830 words, photo.
GOODBYE LANDLINE PHONES
WASHINGTON — The copper network behind landline phones, a communications mainstay for more than a century, is going away, as cable and fiber-optics lines come along with faster Internet speeds. By Tali Arbel. SENT: 940 words, photo.
NEW YORK — Weighing in at more than $600 billion dollars, Apple is the stock market's heavyweight. Like a handful of other "big caps," the iPhone maker's market value means that when its stock moves, so can the market. By Steve Rothwell. SENT: 500 words, photo.
LIVE-STREAMING VIDEO PIONEERS
NEW YORK — Just as companies have learned to use Facebook, Instagram and other social media to drum up business, they're finding ways to exploit two new live video-streaming apps, Periscope and Meerkat. By Joyce M. Rosenberg. SENT: 900 words. Eds: This story stands for SmallBiz-Small Talk.
MARKETS & ECONOMY:
WASHINGTON — The rate of hiring by U.S. businesses slows in July but remains at a solid levels, which should help boost overall economic growth. By Josh Boak. SENT: 430 words, photo.
WASHINGTON — The U.S. trade deficit increases in June as solid consumer spending pulls in more imports, while the strong dollar restrains exports. By Christopher S. Rugaber. SENT: 540 words, photo.
WASHINGTON —Business at U.S. services companies surges in July, the Institute for Supply Management reports. By Paul Wiseman. SENT: 340 words, photo.
NEW YORK — The latest batch of corporate results help nudge the stock market to a slight gain, snapping a three-day slump. Another drop in oil prices holds indexes back. By Matthew Craft. SENT: 550 words, photos.
— MADOFF FRAUD — Last defendant in investigation of Bernard Madoff's massive fraud gets six months in prison. SENT: 400 words.
— IRS INVESTIGATION — Bipartisan probe of IRS tea party scandal blames management flaws, "dysfunctional culture." SENT: 130 words.
EARNS-FIAT CHRYSLER US
DETROIT — Net income at Fiat Chrysler's U.S. operations fall 3 percent last quarter due largely to a $90 million charge to pay government penalties for mishandling recalls. SENT: 350 words.
— EARNS-TESLA — Tesla Motors' net loss nearly tripled to $184 million in the second quarter as it spent heavily to prepare for the launch of its new Model X SUV. SENT 200 words, photo. UPCOMING: 400 words by 6 p.m.
— ITALY-EARNS-UNICREDIT — Italian bank UniCredit says its second-quarter profit jumped 30 percent as provisions for bad loans dropped amid a recovery in Italy's economy. SENT: 230 words.
WASHINGTON — The Securities and Exchange Commission votes to order most public companies to disclose the ratio between their chief executives' annual compensation and median, or midpoint, employee pay. By Marcy Gordon. SENT: 600 words, photo.
WASHINGTON — Heat-trapping pollution from U.S. power plants hit a 27-year low in April, the Department of Energy announces. By Seth Borenstein. SENT: 400 words, photo.
— FRONTIER AIRLINES-REBOOT — Frontier says it will discount several common fees if the customer buys them all in a bundle. SENT: 350 words.
— BLUE BELL-PRODUCTION RESUMES — Public health officials are allowing Blue Bell to resume the production and sale of ice cream manufactured at its Alabama plant. SENT: 130 words.
— ROMANIA-LUKOIL — A Romanian court rejects an appeal by the general manager and six executives of Russian oil company Lukoil who have been indicted on tax evasion and money laundering charges. SENT: 260 words.
BOLOGNA, Italy — Since a surprise takeover in 2012 by German automaker Volkswagen, Italian sports bike maker Ducati has enjoyed an era of financial stability that it has ridden to record sales. But don't expect Ducati bikes to start flooding the market. CEO Claudio Domenicali says he's focused on protecting the brand's aura of exclusivity. By Erik Schelzig. SENT: 630 words, photos.
— MAZDA-RECALL — Mazda is recalling its biggest SUV to fix suspension parts that can rust and come loose, causing a loss of steering control. SENT: 280 words.
— BEHIND THE WHEEL-2015 LEXUS GS — Luxury car buyers who are driving enthusiasts with a practical streak should be sure to look at the 2015 Lexus GS. SENT: 620 words, photo, box.
TECHNOLOGY & MEDIA:
DIGITAL LIFE-REVIEW-CASE FOR STAND-ALONE GADGETS
NEW YORK — There are times a stand-alone device such as an iPod works better than a jack-of-all-trades like a smartphone. A stand-alone device does one or two things, but does them really well. By Anick Jesdanun. SENT: 850 words, photo.
TOKYO — After so many destroyed cities and defeated monsters, the original Godzilla film series outgrew itself, so the filmmaker working on the revival will go back to the basics while still looking to surprise. By Yuri Kageyama. SENT: 880 words, photos.
NEW YORK — Women had less than a third of speaking parts in the most popular films from 2007 to 2014, according to a new study that gives further evidence of persistent inequality in Hollywood, on-screen and off. By Jake Coyle. SENT: 300 words.
— GOOGLE-HIGH-SPEED INTERNET — Google selects San Antonio as biggest city yet to get its ultra-fast Internet service. SENT: 280 words.
— STEVE JOBS OPERA — Santa Fe Opera to commission production on Apple co-founder Steve Jobs. SENT: 400 words.
ATHENS, Greece — Greece's prime minister says his country is in the "final stage" of talks for a new bailout, as his left-wing government rejects the idea of extending the negotiations beyond this month. By Derek Gatopoulos and Geir Moulson. SENT: 560 words, photos.
CAIRO — Egypt is to unveil a major extension of the Suez Canal on Thursday, a mega-project that has emerged as a cornerstone of President Abdel-Fattah el-Sissi's efforts to restore national pride and revive the economy after years of unrest. By Brian Rohan. SENT: 1,130 words, photos.
— THAILAND-ECONOMY — Thailand's currency falls to a six-year low against the dollar as foreign investors dump stocks while waiting for the country's economy to pick up. SENT: 340 words.
ON THE MONEY-ROBO ADVISERS
Robo advisers are automated investing services that rely on computer models to manage investor portfolios at a lower cost than traditional investment accounts. Here are some questions to consider before placing your investments in the hands of a robo adviser. By Alex Veiga. SENT: 700 words.
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The gap between the number of winners and losers in the Standard & Poor's 500 index has narrowed. The S&P 500 had 259 winners versus 239 losers through July. It's the narrowest margin since 2007. Traders call the slowdown in momentum a weakening of "market breadth," and some see it as a sign of concern. The thinking is that a healthy market has many stocks across industries leading the market higher. UPCOMING: Graphic expected by 6 p.m.
First Solar shines bright
First Solar shares soar after the company reports better-than-expected second-quarter profit as revenue jumped 65 percent on a boost in facility sales. UPCOMING: Graphic expected by 6 p.m.