BC-APFN-Business News Preview
Among the stories Monday from The Associated Press:
FEDERAL RESERVE — When the Federal Reserve ends its latest policy meeting Wednesday, attention will focus on picture the Fed sketches of the U.S. and global economies. No one expects the Fed to raise rates this week. The question is whether and when the central bank will act to raise borrowing rates later this year. By Martin Crutsinger. UPCOMING: 800 words by 11 a.m.
SOUTH BY SOUTHWEST-SPOTLIGHT — Big-picture issues — rather than the usual hot app or startup launch — have taken the spotlight at this year's South by Southwest Interactive tech jamboree. By Mae Anderson. UPCOMING: 700 words by 2 p.m., photos.
NEW ORLEANS-THE AIRBNB DEBATE — For a city that's seen dramatic changes since Hurricane Katrina, the Airbnb phenomenon in New Orleans is a new source of friction but also of economic hope 10 years after Katrina. By Cain Burdeau. SENT: 930 words, photos.
MARKETS & ECONOMY:
FINANCIAL MARKETS — U.S. markets fall slightly despite gains in markets around the world as falling oil and gas prices drag energy companies lower. SENT: 150 words. UPCOMING: 700 words by 5 p.m.
STARWOOD-BUYOUT — A fight for control of the Starwood hotel chain is under way after a $14 billion buyout offer from a consortium led by China's Anbang Insurance Group. SENT: 270 words, photo.
JAPAN-TOYOTA — Toyota Motor Corp. is responding to the main criticism of fuel cell cars, that making the hydrogen for the fuel is not clean, with plans to help make the hydrogen using wind power. By Yuri Kageyama. SENT: 390 words, photos.
GM-IGNITION SWITCH TRIAL — Weeks after the first New York trial over General Motors' faulty ignition switch controversy ended prematurely, a new one is set to start. By Larry Neumeister. SENT: 390 words. UPCOMING: Will be updated from court, timing uncertain.
TECHNOLOGY & MEDIA:
VIRTUAL REALITY DEVELOPERS CONFERENCE — With the release of a pair of high-definition headsets on the horizon, virtual reality will soon be, well, a reality for consumers curious about the immersive medium. Before the Oculus Rift and HTC Vive are released to the public, VR will be back in the spotlight at this week's 30th annual Game Developers Conference. By Derrik J. Lang. UPCOMING: 650 words by noon, photos, video.
SAMSUNG-SMARTPHONE DURABILITY — You can dunk Samsung's new smartphones in water, but don't drop them on a sidewalk, a new study finds. SENT: 270 words, photos.
TRAVEL-TIMELOOPER APP — As virtual reality technology explodes in the travel and tourism industry, the Timelooper app adds a new twist, taking visitors back in time to experience important moments in history like the Great Fire of London or the Nazi bombing blitz of London during World War II. By James Brooks. SENT: 850 words, photos.
EUROPE-ECONOMY — Industrial output in the 19-country eurozone grew at its fastest tick in more than six years in January, a welcome development but one many economists think could easily be reversed in coming months in light of the slowdown in the global economy. By Pan Pylas. SENT: 420 words, photo.
EGYPT-ECONOMY — Egypt's central bank devalues the pound to 8.85 per U.S. dollar from a previous 7.73, a move aimed at alleviating a foreign currency shortage that has fueled a black market and crippled businesses. SENT: 380 words.