BC-Business News Preview
Among the stories Monday from The Associated Press:
CHIPOTEL-E COLI — Health officials expect the number of people sickened by an E. coli outbreak linked to Chipotle restaurants in Washington state and Oregon to grow while they investigate the cause of the infection. As of Friday, three people in the Portland area and 19 people in western Washington had become sick from E. coli. Seventeen of them had eaten at a Chipotle restaurant during the past few weeks. SENT: 510 words.
HEALTHBEAT-KIDS MEDICAL DEVICES — Improvise isn't a word parents want to hear from their kid's doctor. Yet pediatric specialists too often have to jury-rig care because many of the medical devices needed to treat sick children were built for adults. By Lauran Neergaard. SENT: 880 words.
MARKETS & ECONOMY:
CONSTRUCTION SPENDING — The Commerce Department says U.S. construction spending rose 0.6 percent in September to the highest level since March 2008, pushed up by a surge in apartment building. By Paul Wiseman. SENT: 130 words. UPCOMING: 350 words by 10:45 a.m.
NEW YORK — Stocks are opening slightly higher on Wall Street as the market comes off its biggest monthly gain in four years. Health care stocks were among the early winners. SENT: 450 words.
CONAGRA-TREEHOUSE-UNIT SALE — ConAgra Foods Inc. is selling its private label operations to TreeHouse Foods Inc. for about $2.7 billion as part its plan to focus more on name brands including Chef Boyardee and Slim Jim. SENT: 360 words.
CHINA-NEW JETLINER — A state-owned manufacturer on Monday unveiled the first plane produced by a Chinese initiative to compete in the market for large passenger jetliners. SENT: 530 words.
VISA-VISA EUROPE — Visa plans to buy Visa Europe in a cash-and-stock deal that could be worth more than $23 billion. By Ken Sweet. SENT: 520 words.
SHIRE-DYAX — The Dublin-based drug maker Shire says it will take over U.S. biotechnology firm Dyax in a deal worth an initial $5.9 billion. SENT: 120 words.
MEDASSETS-ACQUISITION PLAN — Private equity fund manager Pamplona Capital Management plans to buy MedAssets in a cash deal valued at about $2.7 billion. SENT: 130 words.
GERMANY-LUFTHANSA STRIKE — A union representing cabin crew for Lufthansa says its members will go on strike for one week in a contract dispute with the airline, Germany's largest. SENT: 110 words.
SUPREME COURT-BOB MARLEY-IMAGE — The Supreme Court has rejected an appeal from clothing companies that claim they have legal rights to sell shirts with the image of reggae icon Bob Marley. SENT: 140 words.
SUPREME COURT-S&P MORTGAGE RATINGS — The Supreme Court won't hear an appeal from shareholders who claim the Standard & Poor's ratings firm made false statements about its ratings of risky mortgage investments that helped trigger the financial crisis. SENT: 120 words.
SUPREME COURT-SECURITIES FRAUD EVIDENCE — The Supreme Court turned away an appeal from a former Toronto stockbroker convicted in a multimillion-dollar securities fraud who says federal prosecutors should have turned over documents that might have helped his defense. SENT: 140 words.
EARNS-VISA — Payment processor Visa Inc. on Monday reported a 41 percent rise in fiscal fourth-quarter earnings, helped by lower legal expenses and higher payment processing volumes on the company's namesake network. SENT: 400 words.
JAPAN-EARNS-NISSAN — Nissan's profit for the July-September quarter zoomed 38 percent higher on healthy sales in China, the U.S. and Europe, prompting the automaker to raise its full-year projection. SENT: 430 words.
HONG KONG-EARNS-HSBC — HSBC's pre-tax profit has jumped by a third in the latest quarter as it paid out less in fines, settlements and British customer compensation ordered by regulators, the bank says. SENT: 700 words.
TECHNOLOGY & MEDIA:
SKOREA-CHILD SURVEILLANCE — The most widely used child surveillance app in South Korea has been pulled from the market after security specialists raised serious concerns about the program's safety. SENT: 600 words.
CHINA-ECONOMY — China's government expects to achieve annual economic growth of "at least 6.5 percent" through 2020, the top economic official said, in the first indication of a growth target since a high-level planning meeting last week. SENT: 380 words.
GREECE-FERRY STRIKE — Greece's ferries have stopped running for 48 hours as seamen walked off the job to protest growing unemployment in their sector, falling income and new austerity measures as part of the country's third bailout. SENT: 140 words.
CLIMATE-COUNTDOWN — The Chinese and French presidents announced Monday they have agreed that a global climate change pact should require countries to increase their emissions cuts every five years, in an important signal four weeks before world leaders meet in Paris. SENT: 400 words.
UPENN-VPS HEALTHCARE — The University of Pennsylvania Health System has entered a partnership with Abu Dhabi-based VPS Healthcare. SENT: 100 words.