BC-Business News Preview
Among the stories Thursday from The Associated Press:
CHINA-HUAWEI — China demands Canada release a Huawei Technologies executive who was arrested in a case that adds to technology tensions with Washington and threatens to complicate trade talks. Huawei’s chief financial officer, Meng Wanzhou, faces possible extradition to the United States, according to Canadian authorities. By Joe McDonald and Rob Gillies. SENT: 1,090 words, photos.
CHINA-FIVE THINGS ABOUT HUAWEI — 5 Things to Know About Chinese telecoms and phone supplier Huawei after its CFO’s arrest. SENT: 540 words, photos.
CHINA-US-TRADE — China’s government says it will promptly carry out a tariff cease-fire with Washington and is confident they can reach a trade agreement, suggesting Beijing wants to avoid disruptions due to the arrest of a tech executive. By Joe McDonald. SENT: 360 words, photos.
CLIMATE-SUSTAINABLE SHIPPING — European and U.S. tech companies are pitching futuristic sails to help cargo ships harness the free and endless supply of wind power. While they sometimes don’t even look like sails — some are shaped like spinning columns — they represent a cheap and reliable way to reduce CO2 emissions for an industry that depends on a particularly dirty form of fossil fuels. By Kelvin Chan. SENT: 1,000 words, photos.
CLIMATE-FRANCE PROTESTS — The worst riots in Paris in decades were sparked by higher fuel taxes, and French President Emmanuel Macron responded by scrapping them Wednesday. But taxes on fossil fuels are just what international climate negotiators, meeting in Poland this week, say are desperately needed to help wean the world off of fossil fuels and slow climate change. By Seth Borenstein and Angela Charlton. SENT: 970 words, photos.
FRANCE-PROTESTS — Paris police and store owners are bracing for new violence at protests Saturday, despite President Emmanuel Macron’s surrender over a fuel tax hike that unleashed weeks of unrest. By Angela Charlton and Alex Turnbull. SENT: 530 words, photos.
MEDIA-FOX AFTER AILES — More than two years after a sexual misconduct scandal forced Roger Ailes out at Fox News Channel and a year after his death, his ghost walks the halls of the network he built and ran for two decades. By David Bauder. UPCOMING: 1,250 words by 11 a.m., photos.
MARKETS & ECONOMY:
FINANCIAL MARKETS — Stocks are opening sharply lower as the arrest of a senior Chinese technology executive threatened to worsen trade tensions between China and the U.S. SENT: 160 words, photos. UPCOMING: Will be updated through 5 p.m.
OPEC MEETING — OPEC countries are meeting to find a way to support the falling price of oil, with analysts predicting the cartel and some key allies, like Russia, would agree to cut production by at least 1 million barrels per day. By Kiyoko Metzler and Carlo Piovano. SENT: 770 words, photos.
With: OPEC MEETING-THE LATEST — Running updates.
ADP EMPLOYMENT — U.S. businesses hired new workers at a solid pace in November, adding 179,000 jobs, according to a private survey. By Christopher Rugaber. SENT: 370 words, photos.
TRADE GAP — Record imports in October drove the U.S. trade deficit to the highest level in a decade. By Paul Wiseman. SENT: 140 words, photos.
PRODUCTIVITY — U.S. productivity grew at an annual rate of 2.3% in the July-September quarter, slower than the previous quarter but still an improvement over the weak annual gains of the past decade. Labor costs rose at a modest pace in the third quarter. By Paul Wiseman. SENT: 410 words, photos.
ECONOMY SERVICES — The Institute for Supply Management, a trade group of purchasing managers, issues its index of non-manufacturing activity for November. UPCOMING: 130 words after release of report at 10 a.m., 300 words by 10:45 a.m.
MORTGAGE RATES — Freddie Mac reports on this week’s average U.S. mortgage rates. UPCOMING: 130 words after release of report at 10 a.m. 300 words by 10:45 a.m.
EMIRATES-DP WORLD — Global port operator DP World says it has acquired Danish logistics firm Unifeeder for $748 million, about 660 million euros, helping the Dubai-owned company expand its foothold through the largest feeder and shortsea network in Europe. SENT: 130 words.
NETHERLANDS-TOBACCO — A Dutch appeals court has refused to order public prosecutors to open a criminal investigation against tobacco companies, in a major setback for anti-smoking activists. SENT: 140 words. UPCOMING: Will be updated.
MARIJUANA-MICHIGAN — Michigan is officially the first state in the Midwest to allow marijuana for more than medical purposes. SENT: 130 words, photo.
UEFA-VISA — UEFA has signed Visa as a sponsor of women’s soccer through 2025, giving the European body deals with three payment corporations. SENT: 130 words.
WALGREENS-HOME DELIVERIES — Walgreens is joining drugstore competitor CVS Health in expanding home deliveries for prescriptions nationwide, as stores continue adjusting to a retail world made more customer-friendly by online competition. By Tom Murphy. SENT: 320 words, photos.
LYFT-IPO — Lyft is moving toward becoming a publicly traded company. The San Francisco ride-share company said Thursday that it’s filed a registration statement for a proposed initial public offering of its shares. The company was valued at just over $15 billion earlier this year. SENT: 190 words, photos.
SAGE GROUSE-ENERGY LEASES — The Trump administration moved forward Thursday with plans to ease restrictions on oil and gas drilling and other activities across millions of acres in the American West that were put in place to protect an imperiled bird species. By Matthew Brown. SENT: 360 words, photos.
SEARS-TAKOVER BID — Eddie Lampert and his ESL Holdings hedge fund are offering to buy the rest of Sears for up to $4.6 billion in cash and stock. SENT: 110 words, photos.
TECHNOLOGY & MEDIA:
JAPAN-SOFTBANK — Some users of SoftBank cellphones had problems calling and text messaging for several hours in Japan on Thursday ahead of the company’s IPO which is set to be among the world’s biggest at about $21 billion. SENT: 270 words, photo.
LYFT-IPO — Lyft is readying for an initial public offering of shares as it pushes toward becoming a publicly traded company. SENT: 100 words.
TRUMP-TECH MEETING — Top executives from Google, Microsoft, IBM, Oracle and Qualcomm are planning to meet at the White House amid strained ties between President Donald Trump’s administration and the tech industry. SENT: 130 words, photos. UPCOMING: Will be updated.
NERDWALLET-ITEMIZE TAX DEDUCTIONS — The standard deduction nearly doubled for 2018, leaving many taxpayers wondering whether it’s financially worth it to itemize on their tax returns anymore. Tax pros share four ways to tell whether it might be time to put away the receipts this tax season and take the standard deduction instead. By Tina Orem, NerdWallet. UPCOMING: 670 words by 11 a.m., photo.
CUBA-PRIVATE BUSINESS — Cuba’s government has modified a series of measures unpopular with the country’s private sector, including lifting restrictions on the number of business permits a person can have and the number of chairs there can be in restaurants. By Andrea Rodriguez. SENT: 380 words, photos.
CUBA INTERNET — Cuba’s telecom company announced it will introduce internet services to its customers on Thursday, the first time customers will be able use their phones for web browsing through cell phone plans.
GERMANY-HEIDELBERG CHRISTMAS MARKET-PHOTO GALLERY — Germany’s popular Christmas markets are back in business, and the Gluehwein is flowing in Heidelberg’s old town — under the city’s landmark castle. SENT: 120 words, photo gallery.
BRITAIN-BORIS JOHNSON — Former British Foreign Secretary Boris Johnson has been reprimanded for failing to report income within time limits set by Parliament. By Gregory Katz. SENT: 300 words, photo.
NETHERLANDS-TOBACCO — A Dutch appeals court on Thursday refused to order public prosecutors to open a criminal investigation of tobacco companies, in a major setback for anti-smoking activists. By Mike Corder. SENT: 270 words.