BC-APFN-Business News Preview
Among the stories Wednesday from The Associated Press:
EUROPE-FED-CROSSROADS — In a high-stakes juncture for the global economy, the central banks of Europe and the United States are set to take opposing actions in December: the European Central Bank to cut rates, the Federal Reserve to raise them. For the struggling eurozone, it can't happen soon enough. By David McHugh. SENT: 820 words, photos.
ON THE MONEY-MILLENIAL SAVINGS — Millennials, it's time to pick up the phone and start saving. That's the message from a new breed of financial apps and services that are catering to young people who are ignored by traditional banks and brokerage firms. By Joseph Pisani. UPCOMING: 600 words by 3 p.m.
SMALLBIZ-SMALL TALK — Deaf entrepreneurs find ways to build a business in a hearing world, overcoming issues like prejudice, ignorance and a lack of resources. Technological resources like the Internet, email and videophone services help them communicate with people who can hear, making it easier to conduct business than it was decades ago. By Joyce Rosenberg. UPCOMING: 700 words, photo, video by 4 p.m.
ONLY ON AP-STUDENT DEBT COLLECTION — Fall behind on your student loans these days and you could end up getting more than hectoring phone calls and threatening letters. More and more people are being taken to court, attorneys tell the AP exclusively. By Dave Collins. UPCOMING: 800 words by noon, graphic, interactive.
MARKETS & ECONOMY:
HOME CONSTRUCTION — Apartment construction plunges sharply in October, as the pace of homebuilding slips amid a broader cooling of the real estate market. By Josh Boak. SENT: 530 words, photo.
FEDERAL RESERVE-MINUTES — The Federal Reserve releases minutes from its Oct. 27-28 meeting, when it held off from raising interest rates but signaled that it would consider a rate hike in December. By Martin Crutsinger. UPCOMING: 130 words after 2 p.m. release. 350 words by 2:45 p.m.
FINANCIAL MARKETS — Stocks are opening higher as investors are encouraged by some corporate deal news. SENT: 130 words, photo. UPCOMING: 700 words by 5 p.m.
EARNS-TARGET — Target says its sales rose 1.9 percent at established locations in the third quarter, marking the fourth consecutive quarter the retailer has increased customer visits. SENT: 300 words.
EARNS-LOWE'S — Lowe's third-quarter results beat analysts' estimates as its sales rose, buoyed by the ongoing housing market recovery. SENT: 300 words, photo.
AIR BAG RECALL-MODELS — Cars and trucks from the 2008 model year or older that were originally sold or registered in high humidity areas along the U.S. Gulf Coast are getting top priority for repairs as the government commences the massive Takata air bag inflator recall. By Tom Krisher. SENT: 620 words.
With: AIR BAG RECALL-MODELS-GLANCE — SENT: 670 words.
AUTO SHOW-HOT CARS — A Mercedes SUV, a new Hyundai Elantra, a redesigned Ford Escape and more. A look at the cars to watch at the Los Angeles Auto Show. SENT: 810 words.
CONAGRA-SPINOFF — ConAgra Foods is spinning off its frozen potatoes business in an ongoing effort to intensify its focus on key name brand foods. SENT: 300 words, photo.
CANADIAN PACIFIC-NORFOLK SOUTHERN OFFER — Canadian Pacific says it can give Norfolk Southern shareholders a premium approaching 60 percent with its cash-and-stock offer to combine the two North American railroad operators. SENT: 150 words. UPCOMING: Will be updated.
CLIMATE-COAL — A compromise struck by the United States, Japan and several other major nations will restrict export financing to build coal power plants overseas, but not eliminate it completely. By Ken Moritsugu. SENT: 300 words.
TECHNOLOGY & MEDIA:
PALESTINIANS-CHALLENGING CHECKPOINTS — A pair of new mobile apps hopes to help Palestinians navigate their way around snarled traffic at Israeli checkpoints in the West Bank, offering a high-tech response to an intractable problem: constant, burdensome and often seemingly random restrictions on movement. By Areej Hasboun. SENT: 940 words, photos.
MICROSEMI-PMC-SIERRA-ACQUISITION — Microsemi, a maker of semiconductors, boosts its buyout offer for chipmaker PMC-Sierra again, two days after PMC-Sierra said it preferred a deal with rival Skyworks. SENT: 180 words.
APEC-TRADE — The Trans-Pacific Partnership trade deal between the U.S. and 11 other Pacific nations is drawing potential new members from Asia and criticism from those excluded, as it heads for a tough ride in the U.S. Congress. By Elaine Kurtenbach. SENT: 680 words, photos.
With: APEC — Chinese President Xi Jinping seeks to reassure regional economic and political leaders that his government will keep the world's No. 2 economy growing. By Elaine Kurtenbach. SENT: 600 words.
DUBAI-BURJ AL ARAB — If you don't have an extra $15,000 or so to spend on a night in a royal suite at Dubai's luxury Burj Al Arab hotel, there's now an online tour that offers a free virtual glimpse of its extravagance. SENT: 130 words. Link: Burj Al Arab virtual tour: http://inside.jumeirah.com