BC-APFN-Business News Preview
Among the stories Monday from The Associated Press:
AP EXPLAINS-OFFSHORE ACCOUNTS — An investigation published by an international coalition of more than 100 media outlets, based on 11.5 million records of offshore holdings, details how politicians, celebrities and other famous people use banks, law firms and offshore shell companies to hide their assets. By Elaine Kurtenbach. SENT: 530 words, photo.
With: OFFSHORE ACCOUNTS-INVESTIGATION — The release of a vast trove of documents and other data on offshore financial dealings of wealthy, famous and powerful people around the world is raising questions over the widespread use of such tactics to avoid taxes and skirt financial oversight. By Frank Jordans. SENT: 1,000 words, photos.
And: OFFSHORE ACCOUNTS-AUSTRALIA AND NEW ZEALAND — More than 800 wealthy Australians are under investigation by the Australian Taxation Office for possible tax evasion linked to their alleged dealings with a Panamanian law firm. By Kristen Gelineau. SENT: 640 words.
AND: OFFSHORE ACCOUNTS-RUSSIA — The spokesman for Vladimir Putin has dismissed suggestions that the Russian president is involved in an offshore account scheme as a smear likely motivated by "Putinophobia." SENT: 240 words.
ALASKA AIR-VIRGIN AMERICA — Alaska Air Group Inc. is buying Virgin America in a deal worth more than $2 billion, creating a powerhouse airline with an expanded West Coast presence. SENT: 600 words, photos. UPCOMING: Will be updated.
INTEL CEO-TV STAR — Intel CEO Brian Krzanich is trying to do for the chipmaker what Donald Trump did for his political career — give it a boost by being on national TV. Krzanich's reality TV show debuts Tuesday on TBS. By Ryan Nakashima. UPCOMING: 800 words by noon, photos.
DRONE DELIVERY — San Francisco-based drone delivery company Zipline International says it'll start making its first deliveries of blood and medicine in Rwanda in July. By Ryan Nakashima. SENT: 420 words, video.
MARKETS & ECONOMY:
FINANCIAL MARKETS — Stock indexes are mostly lower in early trading and several companies are moving on deals and other news. SENT: 140 words,
photo. UPCOMING: 700 words by 5 p.m.
FACTORY ORDERS — The Commerce Department reports on U.S. factory orders for February. By Martin Crutsinger. UPCOMING: 130 words after release of report at 10 a.m. 300 words by 10:45 a.m.
AIRLINE QUALITY — More flights are arriving on time and airlines are losing fewer bags, yet more consumers are complaining about air travel. By David Koenig. SENT: 530 words, photos.
OIL DOWNTURN-HOUSTON — For generations, anyone who lived in Houston long enough was sure to feel the pain of an oil bust — but 21st century Houston isn't like its oil-dependent predecessor. Even as the price of oil has plummeted, Houston has carried on, maintaining a jobless rate of 4.7 percent in February, slightly better than the national average. By Juan A. Lozano. UPCOMING: 850 words by noon.
PULTEGROUP-CEO RETIREMENT — PulteGroup says Chairman and CEO Richard J. Dugas Jr. will retire next year, a decision the executive made after the homebuilder's founder and grandson recently demanded a change in leadership. SENT: 200 words.
TESLA-ORDERS — Tesla Motors' CEO says worldwide orders for a new lower-priced electric car hit 276,000 last weekend. SENT: 320 words, photos.
SUPREME COURT-CLASS ACTIONS — The Supreme Court is turning down appeals by Wal-Mart Stores Inc. and Wells Fargo & Co. of multimillion-dollar class-action judgments. SENT: 260 words.
TECHNOLOGY & MEDIA:
BETTER BATTERIES-NANOTECHNOLOGY — In the global race to create more efficient and long-lasting batteries, a number of companies are betting on nanotechnology — the use of minuscule parts — as the most likely to yield a breakthrough. By Karel Janicek. UPCOMING: 700 words by 6 a.m.
EUROPE-ECONOMY — The unemployment rate in the 19 countries that use the euro inches down to 10.3 percent in February in another token of the currency union's modest recovery. By David McHugh. SENT: 260 words. UPCOMING: May be updated.
SRI LANKA-PORT CITY — Hundreds of people, including environmental activists and fishermen, have protested in Sri Lanka's capital to demand the government halt a $1.5 billion Chinese-funded port city project. SENT: 140 words.