BC-APFN-BUSINESS NEWS DIGEST
— ECONOMY-INDUSTRIES-GLANCE — A breakdown by industry of where Americans found jobs. SENT: 360 words.
— ECONOMY-DEMOGRAPHICS-GLANCE — Employment data for various demographic groups. SENT: 440 words.
Also: — FINANCIAL MARKETS — U.S. stocks are rising as a slowdown in hiring last month raised investors’ hopes that the Federal Reserve may wait even longer before raising interest rates. By Marley Jay. SENT: 700 words, photo. UPCOMING: 700 words by 5 p.m., photo.
KOREA-SAMSUNG ELECTRONICS-PHONE — Samsung Electronics recalls all of its Galaxy Note 7 smartphones after finding batteries of some of the flagship gadgets exploded or caught fire. By Youkyung Lee. SENT: 570 words, photos.
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With: — SAMSUNG-BATTERY FIRES — Samsung’s Note 7 isn’t the only gadget to catch fire thanks to battery problems, which have afflicted everything from iPhones to Tesla cars to Boeing jetliners. Blame chemistry and the fact that the batteries we rely on for everyday life pack an enormous amount of energy into a small package — one that’s prone to leaking and even bursting into flame if damaged, defective or exposed to excessive heat. By Mae Anderson. UPCOMING: 400 words by 2 p.m., photo.
KOREAN SHIPPER-BANKRUPTCY — Major retailers are scrambling to work out contingency plans to get their goods to store shelves after the bankruptcy of the Hanjin shipping line that has thrown ports and retailers around the world into confusion. They don’t have a lot of time. Giant container ships are marooned with their cargo of items experts say are mainly TVs and printers, but also include loads of home furnishings and clothing. By Anne D’Innocenzio and Robert Jablon. SENT: 1,000 words, photos.
KOREA-HANJIN’S WOES — South Korea’s top ocean shipping company, Hanjin Shipping Co., is in bankruptcy proceedings following years of losses, as its family-dominated controlling conglomerate struggles to adapt to an era of slowing growth. By Youkyung Lee. SENT: 870 words, photos.
OLY-RIO-TOKYO-MARIO COSTS — How much did Nintendo pay to land that dream marketing opportunity at the Rio Olympics closing ceremony, where Japan’s prime minister popped out dressed as the red-hatted plumber Super Mario? Zero. By Yuri Kageyama. SENT: 420 words, photos.
MARKETS & ECONOMY:
TRADE GAP— The U.S. trade deficit fell in July as imports declined slightly and exports rose to the highest level in 10 months. By Martin Crutsinger. SENT: 590 words, photo.
FACTORY ORDERS —Orders to U.S. factories increased in July by the largest amount in nine months, propelled by a big jump in demand for commercial aircraft. By Martin Crutsinger. SENT: 400 words, photo.
LIQUID SOAP-FEDERAL BAN — The federal government bans more than a dozen chemicals long-used in antibacterial soaps, saying manufacturers failed to show they are safe and kill germs. By Matthew Perrone. SENT: 450 words, photo.
YUM-CHINA — Yum Brands says it will sell a stake in its China unit, which the parent company of KFC and Pizza Hut is spinning off later this year. SENT: 225 words, photo.
JAPAN-MILEAGE SCANDAL — Japanese transport ministry officials raid the Tokyo headquarters of scandal-ridden Mitsubishi Motors Corp. on Friday after the government alleged the automaker cheated on mileage ratings on more models than earlier reported. By Yuri Kageyama. SENT: 300 words, photos.