BC-APFN-Business News Preview

Staff Writer
Columbus CEO

Among the stories Tuesday from The Associated Press:

TOP STORIES:

CVS-CURBSIDE SERVICE — CVS Health will spread its curbside pickup service to drugstores nationwide this year, as traditional retailers continue to hone their reputations for convenience and fight fierce competition online. By Tom Murphy and Anne D'Innocenzio. SENT: 820 words, photos.

YAHOO IN LIMBO — More bad news expected from the troubled Internet concern. The proposed sale of its Internet operations seems to have bogged down, but its plan B is looking shaky and investors are continuing to pressure the company to sell and move on. By Michael Liedtke. UPCOMING: 130 words by 5 p.m., 500 words by 6 p.m., photo. Will incorporate EARNS-YAHOO.

PASSOVER TOURISM — Some observant Jews are taking vacations during Passover so they can enjoy the holiday without hosting back-to-back feasts or scrubbing their homes clean in keeping with religious rules, and major hotels like the Ritz-Carlton and Waldorf Astoria are stepping in with kosher food and programming to accommodate them. By Mike Schneider. UPCOMING: 800 words by 10 a.m. SENT: 830 words, photos.

MARKETS & ECONOMY:

FINANCIAL MARKETS — Global stock markets rally as a rebound in oil prices and upbeat economic data brightened investor sentiment. SENT: 300 words, photos. UPCOMING: 700 words by 5 p.m.

With: FINANCIAL MARKETS-MARKETS RIGHT NOW — Running updates on global financial markets. SENT: 430 words, photos.

HOME CONSTRUCTION — Construction of new homes falls in March by the largest amount in five months, with weakness in all regions of the country except the Northeast. By Martin Crutsinger. SENT: 280 words, photo.

EARNINGS:

EARNS-UNITEDHEALTH — UnitedHealth hikes its 2016 forecast after the nation's largest health insurer tops Wall Street's first-quarter earnings expectations. By Tom Murphy. SENT: 460 words, photo.

With:

UNITEDHEALTH-ACA EXCHANGES — UnitedHealth, the nation's biggest health insurer, will remain in public health insurance exchanges in only a handful of states next year after expanding to 34 this year. By Tom Murphy. SENT: 140 words. UPCOMING: Will be updated.

EARNS- JOHNSON & JOHNSON— Johnson & Johnson beats Wall Street's modest expectations despite a 0.6 percent decline in first-quarter profit, as higher sales of new prescription drugs and other key medicines nearly offset a big hit from the strong dollar. By Linda A. Johnson. SENT: 630 words, photo.

EARNS-PHILIP MORRIS — Philip Morris International reports a drop in first-quarter profit on lower cigarette sales volume. SENT: 180 words, photo.

INDUSTRY:

COKE-NEW PACKAGING — Coca-Cola says it is giving cans and bottles of its flagship sodas a makeover, with plans to unify the appearance of regular Coke, Diet Coke, Coke Zero and Coke Life. SENT: 150 words. UPCOMING: Will be updated.

BELGIUM-ASAHI-INBEV — Japanese drinks group Asahi says it has reached an agreement with brewing giant Anheuser-Busch InBev to buy the Peroni, Grolsch and Meantime brands and related businesses, excluding certain U.S. rights. SENT: 120 words.

GAS DRILLING-COLLAPSE — As the number of rigs drilling for oil and gas dips to historic lows, residents and business owners in rural Pennsylvania say they weren't prepared to fall so far, so fast. By Michael Rubinkam. SENT: 970 words, photos, video.

EMIRATES-WARNER BROS THEME PARK — The United Arab Emirates announces plans for a $1 billion Warner Bros. theme park in Abu Dhabi, which will bring to the Middle East the studio's popular superheroes and cartoon characters ranging from Bugs Bunny and Scooby-Doo to Batman and Superman. SENT: 140 words.

MALAYSIA-AIRLINES — Malaysia Airlines CEO Christoph Mueller will leave his job in September, way ahead of the end of his three-year contract, due to his "changing personal circumstances." SENT: 310 words.

TECHNOLOGY & MEDIA:

WAYFAIR-PORCH — Wayfair, one of the largest online destinations for all things home, has teamed up with Porch.com to connect shoppers with professionals offering a variety of variety of home-improvement help. By Anne D'Innocenzio. SENT: 390 words.

VISA-QUICKER CHIPS — Visa says its improving its smart chip-embedded cards, which have been the source of grumbling from businesses and customers forced to wait for transactions to go through. SENT: 200 words, photo.

LOSING LAND LINES — States are passing laws to limit or remove requirements that telephone companies provide traditional, price-controlled phone service — in essence, moving us closer to the day when plain old landline phone service goes from an endangered species to extinct. By Tom Bell. UPCOMING: 700 words by 2 p.m., photos.

INTERNATIONAL:

FRANCE-FOOD MARKET — Paris hopes the long-awaited $1 billion revamp of the city's dilapidated main shopping and metro complex Les Halles might help restore the former royal food market to its old glory. By Thomas Adamson. UPCOMING: 800 words by 10 a.m., photos.

SKOREA-ECONOMY — South Korea's central bank lowers its growth forecast for Asia's fourth-largest economy, citing the country's weak first-quarter economic performance and a downgrade in the global economic outlook. But it kept its policy rate steady for this month. By Youkyung Lee. SENT: 400 words, photos.