BC-Business News Preview,ADVISORY
â¿¿ JAPAN-CHEAP YEN â¿¿ As the yen weakens, famous Japanese exporters from Toyota to Nintendo are getting a boost â¿¿ but the favorable exchange rate also carries risks by insulating some companies from pressure to overhaul their businesses. AP photos
MARKETS AND ECONOMY
â¿¿ BUDGET FIGHT â¿¿ Finger-pointing trumps problem-solving as automatic budget cuts loom.
â¿¿ SMALLBIZ-SMALL BUSINESS OPTIMISM â¿¿ Survey: Small business owners still pessimistic, worried about the economy and their sales.WALL STREET NEW YORK â¿¿ Stocks are little changed in the early going as weak earnings from Goodyear and other U.S. companies keep buyers at bay. AP photo â¿¿ OIL PRICES â¿¿ The price of oil rises to near $98 a barrel, adding to a sharp rise the day before, as OPEC upgrades its forecast for global demand this year. EARNINGS EARNS-COCA COLA NEW YORK â¿¿ Coca-Cola's fourth-quarter profit rises 13 percent as the world's biggest beverage company sells more of its drinks in emerging markets, offseting a decline in Europe and a modest performance in the U.S. By Candice Choi. AP photo BRITAIN-EARNS-BARCLAYS LONDON â¿¿ Barclays will cut at least 3,700 jobs in a major restructuring that follows a scandal-hit year for the U.K. bank. By Danica Kirka. EARNS-GOODYEAR TIRE CLEVELAND â¿¿ Goodyear tops Wall Street expectations for the fourth quarter, but shares slide as Europe drags down the tire maker's outlook for 2013. By Thomas J. Sheeran. AP photo With: â¿¿ FRANCE-PROTESTS â¿¿ Flares and tear gas in standoff between French police and workers protesting Goodyear layoffs. AP Photos â¿¿ EARNS-MICHELIN â¿¿ Tire maker Michelin says its profit rose 7.5 percent last year despite a struggling car market in Europe, and expects to keep up volumes this year. â¿¿ EARNS-MCGRAW-HILL â¿¿ McGraw-Hill swings to a loss in the fourth quarter as its transition to a financial information provider forces it to take a big, one-time charge.
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