BC-Business News Preview
Among the stories Thursday from The Associated Press:
WORLD ECONOMY-CHINA FALLOUT — From Australia to Zambia, Chile to Indonesia, the pain of China's economic slowdown are being felt in the form of depressed commodity prices, elevated unemployment and shrunken home prices. By Paul Wiseman and Rod McGuirk. UPCOMING: 1,000 words by noon.
With: CHINA-BOND DEFAULT — Communist leaders allow China's biggest corporate bond default yet, in a fresh sign of wrenching economic change as growth slows and Beijing gives market forces a bigger role in its financial system. By Joe McDonald. SENT: 700 words.
BEER MARKET SHAKEUP
LONDON — Now that the world's two biggest brewers are joining forces, smaller competitors like Heineken and Molson Coors face an uncertain future. Some experts say they should seek mergers of their own, but others argue that would do little good because the real problem is the huge influx of craft brewers. By Danica Kirka. UPCOMING 500 words by 10:30 a.m.
EUROPE-ECONOMY-WHAT TO WATCH — The eurozone economy can't achieve lift-off, it seems, despite a number of tail-winds. A guide to what to look for in the third quarter economic growth figures for the eurozone to be released Friday. By Pan Pylas. SENT: 770 words, photo.
— EUROPE-ECONOMY — European Central Bank head Mario Draghi is underlining the bank's willingness to add more monetary stimulus if needed at its December meeting to push inflation higher. By David McHugh. SENT: 270 words, photos.
DIGITAL LIFE-ACTION VIDEO CAMS-GIFT GUIDE — Action cameras are getting smaller, lighter, better and more connected. Whether you're looking to gift one to a thrill-seeking bungee jumper or a mountain-bike recreationist, there are several cameras capable of shooting high-quality footage. By Ron Harris. UPCOMING: 950 words at 10:30 a.m., photos, interactive.
MARKETS & ECONOMY:
JOB OPENINGS — The Labor Department reports on job openings and labor turnover for September. In August, U.S. employers advertised fewer job openings and kept hiring flat. By Josh Boak. UPCOMING: 130 words after release of report at 10 a.m. 350 words by 11:15 a.m.
FEDERAL RESERVE-YELLEN — Federal Reserve Chair Janet Yellen is stressing the need to review the unconventional monetary policies that central banks around the world deployed in response to the 2008 global financial crisis. By Martin Crutsinger. SENT: 130 words. UPCOMING: 350 words by 10:15 a.m.
UNEMPLOYMENT BENEFITS — The number of people seeking unemployment aid was unchanged last week, a sign that most businesses are reluctant to cut jobs. By Christopher S. Rugaber. SENT: 400 words, photo.
BUDGET DEFICIT — The Treasury Department releases federal budget data for October. In the 2015 budget year that ended in September, the deficit fell to its lowest level in eight years, spurred by gains in tax revenue that outpaced greater government spending. By Martin Crutsinger. UPCOMING: 130 words after release of report at 2 p.m. 350 words by 2:45 p.m.
MORTGAGE RATES — Freddie Mac reports on average U.S. mortgage rates. Last week, the nationwide average for a 30-year fixed mortgage jumped to 3.87 percent from 3.76 percent a week earlier. By Marcy Gordon. UPCOMING: 130 words after release of report at 10 a.m. 300 words by 10:45 a.m.
FINANCIAL MARKETS — Stocks are heading lower in early trading, weighed down by weakness in mining and energy companies. SENT: 150 words, photo. UPCOMING: 700 words by 5 p.m.
BRITAIN-ROLLS ROYCE — Rolls-Royce shares plunge 18 percent as the maker of plane engines warns weaker demand would hit profits. SENT: 130 words.
OF MUTUAL INTEREST-STOCKS' BOND WORRIES — Investors are talking about whether problems in the bond market may spill over into stocks and drag down their prices, a topic that would have been laughable years ago. Analysts say the likelihood is remote that it could happen, but the fact that investors are discussing the possibility shows how much worries have risen about the fragility of the market. By Stan Choe. UPCOMING: 800 words by 5 p.m.
KFC-DELIVERY — Colonel Sanders wants to come to your home: KFC says it will start delivering its buckets of fried chicken to customers in two U.S. cities. By Joseph Pisani. SENT: 360 words, photos.
WAL-MART STORES-BLACK FRIDAY — Wal-Mart Stores says it is offering most of the same Black Friday "doorbuster" deals online and in stores for the first time and giving online shoppers an early jump on the sales. By Mae Anderson. SENT: 330 words.
GERMANY-LUFTHANSA STRIKE — Lufthansa is canceling 933 flights at three hubs in Germany after efforts failed to halt a strike by flight attendants. SENT: 140 words.
FOOD AND FARM-COST OF THANKSGIVING — Bird flu took a bite out of the turkey supply. Heavy rain washed out the pumpkin crop. Yet Thanksgiving groceries likely won't cost Americans much more than last year, and nobody should have to miss gobbling down their favorite holiday foods. By Steve Karnowski. SENT: 880 words, photo.
SWITZERLAND-DIAMOND AUCTION — A Hong Kong billionaire tycoon who has been convicted of corruption paid a total of $77 million at auctions in Geneva for two large and rare colored diamonds for his 7-year-old daughter. By Kelvin Chan and Jamey Keaten. SENT: 670 words, photo.
GOP 2016-SUGAR — Republican presidential candidate Ted Cruz says he wants to do away with government support for the sugar industry — a veiled dig at rival Marco Rubio, the Florida senator who has long supported sugar growers. By Mary Clare Jalonick. SENT: 770 words, photos.
TECHNOLOGY & MEDIA:
FINLAND-WIRLESS WELL-BEING — After smart phones and bracelets, here comes the smart ring. A Finnish startup is promoting a "wellness" ring that measures your pulse, body temperature and other health indicators, part of a new wave of wearable computers. By Matti Huuhtanen. UPCOMING: 700 words by 1 p.m.
HOMELESS TRACKING APPS — On an app, pins on a New York City map chart sightings of homelessness, accompanied by photos of people lying on sidewalks, slumped in doorways, sitting on curbs with shopping carts piled high with bags. Hashtags frame the scenes: "NeedsMedicalAid," ''Encampment," ''AggressiveBegging," ''Violent." By Jennifer Peltz. SENT: 830 words, photos.
OBAMA-TRADE-EBAY — President Barack Obama is trying to rally hundreds of thousands of eBay sellers to get behind a proposed trade deal between the U.S. and 11 other countries. By Kevin Freking. SENT: 150 words. UPCOMING: May be updated.
LIBERTY INTERACTIVE-SPINOFFS — Liberty Interactive plans to spin off the newly formed Expedia and CommerceHub businesses as separate companies to better focus on core operations. SENT: 130 words.
GREECE-BAILOUT-STRIKE — Clashes briefly break out between riot police and youths in central Athens during the first general strike since the country's left-led government initially came to power in January. By Elena Becatoros. SENT: 660 words, photos.