BUSINESS

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All times EDT.

TOP STORIES:

VENTING ABOUT VOLKSWAGEN

LOS ANGELES — Bob Rand bought his Volkswagen Passat last year for its clean emissions and high gas mileage. Now, as Volkswagen comes clean about rigging diesel emissions to pass U.S. tests, Rand is desperately trying to sell his VW, his anger at the German automaker echoed by private dealers, auto wholesalers and owners across the U.S. By Gillian Flaccus and Tom Krisher. SENT: 950 words, photos.

With:

— VOLKSWAGEN-OWNERS-WHAT TO DO — If you're driving a diesel-powered four-cylinder Volkswagen, you're the owner of a fun-to-drive car that's spewing unhealthy pollutants out of its tailpipe. Here are some things to consider if you're unsure of what to do with your car. By Tom Krisher and Dee-Ann Durbin. SENT: 710 words, photos.

Also:

VOLKSWAGEN-GERMAN IMAGE

BERLIN — The "Made in Germany" label has stood for precision and reliability for decades, but with Volkswagen's admission it rigged emissions tests on cars in the U.S., many are questioning whether the damage could spread. The VW scandal adds to problems by other national corporate stalwarts, such as Lufthansa. By David Rising. UPCOMING: 950 words by 2 p.m., photos.

With:

VOLKSWAGEN

BERLIN — The software at the center of Volkswagen's emissions scandal in the U.S. was built into the automaker's cars in Europe as well, though it isn't yet clear if it helped cheat tests as it did in the U.S., Germany says. By Geir Moulson. SENT: 620 words, photos. UPCOMING: Will be updated.

WHY DRUG PRICES ARE HIGH

TRENTON, N.J. — There are several reasons that prices for prescription drugs continue to rise. Here's a list of the biggest contributors to high medication prices in the U.S. By Linda A. Johnson. UPCOMING: 600 words, photos by 4 p.m.

With:

— NOVARTIS-POOR COUNTRIES — The world's biggest drugmaker, Novartis, is launching what it calls a first-of-its-kind program to sell governments and charities in poor countries 15 medications for heart disease, diabetes and other noninfectious diseases for just $1 per month's supply. By Linda A. Johnson. UPCOMING: About 450 words by 5:30 p.m.

CONTRACEPTIVE DEVICE-FDA

WASHINGTON — Women who received a metallic birth control implant are urging health regulators to pull the device from the market, citing problems including severe pain, irregular bleeding and weight gain. By Matthew Perrone. SENT: 640 words.

NASDAQ-COACHING ENTREPRENEURS

SAN FRANCISCO — Nasdaq has long been known as the "tech-heavy" stock exchange, where some of Silicon Valley's best-known companies have gone to sell shares. Now, as it faces stiff competition from rival exchanges to lure the next hot IPO, it's reaching out to business startups before they go public. By Brandon Bailey. SENT: 600 words.

WORLD BANK-5 THINGS TO KNOW

In a wide-ranging interview with The Associated Press, World Bank Group President Jim Yong Kim talks about how his personal background as an economic migrant has shaped his views on major issues facing the world today, from ending extreme poverty to promoting sustainable growth. By Greg Keller. UPCOMING: 600 words by 3 p.m.

MARKETS & ECONOMY:

FEDERAL RESERVE-YELLEN

WASHINGTON — Federal Reserve Chair Janet Yellen delivers a speech at the University of Massachusetts Amherst on "Inflation Dynamics and Monetary Policy." Her talk comes one week after the central bank decided to keep interest rates at record lows, in part because of persistently low inflation. By Martin Crutsinger. UPCOMING: 130 words after embargo on prepared remarks lifts at 5 p.m. 350 words by 5:30 p.m.

NEW HOME SALES

WASHINGTON — Buoyed by steady job gains and low mortgage rates, Americans purchase new homes in August at the fastest pace in more than seven years. By Christopher S. Rugaber. SENT: 500 words, photo.

DURABLE GOODS

WASHINGTON — Orders for long-lasting U.S. manufactured goods drops in August with weakness in a key category that tracks business investment plans. By Martin Crutsinger. SENT: 480 words, photo.

UNEMPLOYMENT BENEFITS

WASHINGTON — The number of Americans seeking unemployment benefits rises slightly last week yet remains at a low level consistent with solid job growth. By Christopher S. Rugaber. SENT: 470 words, photo.

MORTGAGE RATES

WASHINGTON — Average long-term U.S. mortgage rates decline this week following the Federal Reserve's decision to keep interest rates at record lows for now. By Marcy Gordon. SENT: 300 words, photo.

FINANCIAL MARKETS

NEW YORK — U.S. stocks are slumping in midday trading on further evidence that global growth is slowing. By Steve Rothwell. SENT: 500 words, photos. UPCOMING: 700 words by 5 p.m.

EARNINGS:

— SWEDEN-EARNS-H&M — Swedish fashion retailer Hennes & Mauritz AB says third-quarter sales grew nearly 20 percent as the company grabbed more market share, with plans for further expansion. SENT: 140 words, photos.

INDUSTRY:

— CATERPILLAR-JOB CUTS — Caterpillar is cutting as many as 5,000 jobs as the construction and mining equipment maker pushes to reduce costs while dealing with downturns in key markets that it serves. By Tom Murphy. SENT: 390 words, photo.

— CFPB-MORTGAGE-DISCRIMINATION — Mortgage discrimination against black and Hispanic communities has led to a proposed $32.75 million settlement between Hudson City Savings Bank and the federal government. By Josh Boak. SENT: 150 words.

— GE-EX-IM BANK — General Electric Co. says it may create 1,000 jobs overseas after Congress did not renew a government program that allows foreign companies to borrow money to buy U.S. products. SENT: 180 words.

— FORD-SUPER DUTY — Ford's Super Duty trucks are getting a new aluminum body, just like their smaller sibling, the Ford F-150 pickup. SENT: 150 words, photo.

— BLEISURE BITS-LAYOVERS — Strategies for enjoying layovers on business trips. By Beth J. Harpaz. UPCOMING: 600 words by 4 p.m., photo.

INTERNATIONAL:

JAPAN-ECONOMY

TOKYO — Japan's prime minister Shinzo Abe, fresh from a bruising battle over unpopular military legislation, announces a fresh outline for reviving the world's third-largest economy, setting a GDP target of 600 trillion yen ($5 trillion). By Elaine Kurtenbach. SENT: 590 words, photos.

— GERMANY-ECONOMY — A closely watched survey indicates German consumers' worries about the economy are deepening. SENT: 420 words.

— NORWAY-ECONOMY — Concerned by weaker economic growth, the central bank of oil-rich Norway cuts its key interest rate to its lowest level ever, 0.75 percent, and hinted that it could reduce it further. SENT: 140 words.

PERSONAL FINANCE:

OF MUTUAL INTEREST-NEWS BRIEFS

Most mutual funds run by stock pickers continue to fall flat when compared with cheap index funds, but active management still has supporters. That, plus other trends from around the fund industry. UPCOMING: 800 words by 5 p.m.

A sampling of Money & Markets modules is below. The full digest for AP's Money & Markets service can be found at markets.ap.org. For questions about Money & Markets content, please contact Trevor Delaney (800-845-8450, ext. 1807). For technical support: Todd Balog (816-654-1096). After 6 p.m., contact the AP Business News desk (800-845-8450, ext. 1680) for content questions; 1-800-3AP-STOX for technical support and 212-621-1905 for graphics help.

CENTERPIECE

Volkswagen fallout

The news that Volkswagen may have cheated on U.S. emissions tests is battering not only Volkswagen shares but the entire auto industry. UPCOMING: Graphic expected by 6 p.m.

COMPANY SPOTLIGHT

Commodity crunch has Caterpillar cutting

Caterpillar may cut as many as 5,000 jobs by the end of this year, with more cuts to follow in subsequent years, as the construction and mining equipment company adjusts to weaker demand. UPCOMING: Graphic expected by 6 p.m.