BC-APFN-Business News Preview

Staff Writer
Columbus CEO

FRIDAY FOR SATURDAY

TOP STORIES:

GLOBAL FINANCE — Facing a shaky world economy and political attacks on free trade, global finance leaders meeting in Washington will likely pledge cooperation in fighting an array of threats. By Martin Crutsinger and Maria Danilova. SENT: 820-word setup. UPCOMING: Will be updated from news conference expected at 1:30 p.m.

With: — GLOBAL FINANCE-THE LATEST — UPCOMING.

PRIVACY WARS-AP EXPLAINS — Companies like Apple and Microsoft pushing back against the surveillance state in the courts, arguing that federal authorities have overstepped their legal authority to obtain your chats, email and other crucial information from phones and online services. Here's what the battleground looks like right now. By Bree Fowler. UPCOMING: 500 words by noon, photo.

CHINA-ECONOMY — Raising hopes that its slowdown may have bottomed out, China's economic growth slowed in the first quarter to 6.7 percent, largely in line with expectations, but its slowest pace since the global financial crisis. By Kelvin Chan. SENT: 680 words, photos.

With:

CHINA-ECONOMY-BY THE NUMBERS — A glance at China's latest economic numbers. SENT: 270 words.

MARKETS & ECONOMY:

FINANCIAL MARKETS — U.S. stocks are little changed as investors weigh first quarter results from several financial companies and look ahead to weekend meetings on economics and oil. SENT: 130 words, photo. UPCOMING: 700 words by 5 p.m.

EMPIRE STATE-SURVEY — Factory activity in New York expands in April at the fastest pace in more than a year, a sign manufacturing may be picking up after a tough 2015. By Christopher S. Rugaber. SENT: 130 words. UPCOMING: 250 words by 9:15 a.m.

INDUSTRIAL PRODUCTION — U.S. factory output drops in March for the second straight month as manufacturers churn out fewer cars, metal parts and machinery. By Christopher S. Rugaber. SENT: 400 words, photo.

FOREIGN HOLDINGS — The Treasury Department reports on foreign holdings of U.S. debt for February. By Tomoko Hosaka. UPCOMING: 130 words after release of report at 4 p.m. 300 words by 4:45 p.m.

STATE UNEMPLOYMENT — The Labor Department reports on state unemployment rates for March. By Christopher S. Rugaber. UPCOMING: 130 words after release of report at 10 a.m. 350 words by 10:45 a.m.

EARNINGS:

EARNS-CITIGROUP — Citigroup's profit falls nearly 27 percent in the first quarter, hurt by weak results at its consumer bank and trading business. But the company's earnings still beat Wall Street expectations and its shares are on the rise. SENT: 190 words, photo. UPCOMING: Will be updated.

INDUSTRY:

DEPOMED-STARBOARD VALUE — Starboard Value plans to forge ahead with its boardroom coup attempt at Depomed even though the pain treatment maker backed off a reincorporation plan that had incensed the activist investor. SENT: 330 words.

LGBT RIGHTS-FURNITURE MARKET — A North Carolina city is bracing for a heavy economic hit if thousands stay away from a semiannual furniture market to protest a state law that limits protections to lesbian, gay, bisexual and transgender people. By Emery P. Dalesio. UPCOMING: 900 words, photos by 2 p.m.

AUTOS:

GENERAL MOTORS-PICKUP RECALL — General Motors is recalling more than a million Chevrolet Silverado and GMC Sierra pickup trucks worldwide because the seat belts may not hold people in a crash. SENT: 130 words. UPCOMING: Will be updated.

JAPAN-GREEN JEEP — Chrysler's Jeep has been declared green by the Japanese government, becoming the first gasoline-engine American-made U.S.-brand vehicle to qualify for this nation's green-car tax incentive. By Yuri Kageyama. SENT: 300 words, photos.

VOLKSWAGEN-SALES — German automaker Volkswagen AG sees sales fall in its home market as it struggles to overcome a scandal over cars that cheated on diesel emissions tests. SENT: 120 words.

TECHNOLOGY & MEDIA:

VIRTUAL REALITY CHECK — For the past three years, I've been experiencing the evolution of virtual reality at various trade shows and industry events. It wasn't until I set up the most immersive consumer VR system on the market in my own home that I understood just how amazing and frustrating the interactive 360-degree medium can be. By Derrik J. Lang. UPCOMING: 950 words by 1 p.m., photos.

With:

VIRTUAL REALITY CHECK-TOP 10 — A look at the 10 best virtual reality experiences available for the Oculus Rift and HTC Vive. By Derrik J. Lang. UPCOMING: 500 words by 1 p.m., photos.

OBAMA-CABLE BOX — President Barack Obama is throwing his weight behind an effort to give consumers more choice when it comes to the cable boxes that control which television channels they watch. SENT: 300 words.

INTERNATIONAL:

OFFSHORE ACCOUNTS-EUROPE — The European Union's five biggest economies, including Germany and Britain, have agreed to share information on company ownership and are urging other nations to do the same to make it harder for criminals and tax cheats to avoid the law. By Ciaran Giles and Danica Kirka. SENT: 700 words, photos.

INDIA-DROUGHT — Decades of groundwater abuse, populist water policies and poor monsoons have turned vast swaths of central India into a dust bowl, driving distressed farmers to suicide or menial day labor in the cities. Another year of severe drought has left hundreds of millions reeling in at least 13 Indian states, and experts predict the situation will only worsen as summer stretches on. By Nirmala George. SENT: 1,100 words, photos.