BC-US--Business Features Digest, US
Eds: Sent Wednesday for use anytime.
AP IMPACT: MILITARY-UNWANTED GEAR
WASHINGTON â¿¿ Parked around the airstrip at Joint Base San Antonio/Lackland are more than a dozen massive C-5A Galaxy transport planes. There is no money to fly them, repair them or put pilots in the cockpits, but Congress rejected the Air Force's bid to retire them. Idle aircraft and pricey ship deployments underscore the contradictions as Congress orders the Pentagon to slash hundreds of billions of dollars, even as lawmakers force the services to keep ships, aircraft, military bases, retiree benefits and other programs that defense leaders say they can't afford or won't be able to use. By Lolita C. Baldor.Eds: Sent Tuesday for use anytime. AP photos. BANKS-SALT LAKE SHUFFLE NEW YORK â¿¿ The annual spring ritual of bank shareholder meetings is starting this week, and two major banks â¿¿ San Francisco-based Wells Fargo and New York-based Goldman Sachs â¿¿ are decamping from their hometowns to Salt Lake City. If the cross-pollination of Mormons and mammon seems strange, it's because the banks historically have held the meetings in their headquarter cities. Critics say they're just trying to avoid the wrath of protesters. By Business Writer Christina Rexrode. Eds: Sent Monday for use anytime. AP photos. SANDBERG-LEAN-IN CIRCLES NEW YORK â¿¿ "If you lean back, you are denying the universe your greatness. So lean in, shout out, and get comfortable with who you are! Tonight is about teamwork," business coach Franne McNeal told some 100 women crowded into a downtown Manhattan office lounge one evening last week. Sheryl Sandberg, the Facebook chief operating officer whose best-selling book, "Lean In," inspired the meeting, would surely have been happy with the turnout. By Jocelyn Noveck. Eds: Sent Wednesday for use anytime. AP photo. HOLLYWOOD IN CHINA Coming soon to a theater near you: China's Communist Party. From demanding changes in plot lines that denigrate the Chinese leadership, to dampening lurid depictions of sex and violence, Beijing is having increasing success in pressuring Hollywood into deleting movie content Beijing finds objectionable. It's even getting American studios to sanction alternative versions of films specially tailored for Chinese audiences, like "Iron Man 3," which debuts in theaters around the world later this week. The Chinese version features local heartthrob Fan Bingbing, absent from the version showing abroad, and lengthy clips of Chinese scenery that local audiences love. By Peter Enav.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts