Business News at 5:30 p.m. The supervisor is Greg Stec (800-845-8450, ext. 1680). For photos, ext. 1900. For graphics and interactives, ext. 7636. Expanded AP content can be obtained from http://www.apexchange.com. For access to AP Exchange and other technical issues, contact customersupport(at)ap.org or call 877-836-9477. If you have questions about transmission of financial market listings, please call 800-3AP-STOX. A selection of top photos can be found at http://bit.ly/APTopPhotos NEW THIS DIGEST: Adds: NYC SALT CAMPAIGN; FED-YELLEN; MORTGAGES-LATE PAYMENTS, HFR; HIP REPLACEMENT COSTS Updates: FTC-CREDIT REPORT ERRORS TOP STORIES: FTC-CREDIT REPORT ERRORS WASHINGTON â¿¿ One in four consumers has found an error in a credit report issued by a major agency, a study by the Federal Trade Commission shows. The FTC also says 5 percent of the consumers identified errors in their reports that could lead to them paying more for mortgages, auto loans or other financial products. By Marcy Gordon. With: CREDIT REPORTS-DISPUTING ERRORS A new government report highlights that as many as one in four people have an error in their credit report. Getting erroneous information on your credit report corrected can typically take several weeks, if not longer. But it's worth the effort to avoid paying more on everything from auto loans to credit cards. Here are some tips on how to dispute credit report mistakes and reduce the chance that unwarranted blemishes stain your credit profile. By Alex Veiga. GREECE-MISSING METAL THESSALONIKI, Greece â¿¿ When Greece adopted the euro, it poured billions into modernizing its infrastructure, building spectacular bridges, highways, and a brand new rail transit network for Athens. Now, locked in recession and crushed by debt, Greeks are targeting many of those projects, gouging out the metal and selling it for scrap to feed ravenous demand driven by China and India. Metal thieves are accused of stealing industrial cable, power-line transformers and other metal objects â¿¿ triggering blackouts and massive train delays. By Costas Kantouris and Derek Gatopoulos.
With:â¿¿ GREECE-FINANCIAL CRISIS â¿¿ Greece: Deep cuts keep budget on target, spur protests; farmers block highways. SNOWSTORM-TECHNOLOGY HAMDEN, Conn. â¿¿ The East Coast woke up under a blanket of snow this weekend and collectively documented the experience on the myriad social and mobile inventions of the past decade. Facebook, Twitter and other technologies make it increasingly difficult to stay isolated â¿¿even if you're stuck home alone. By Technology Writer Barbara Ortutay. AP photo. EUROPE-HORSEMEAT PARIS â¿¿ Two Romanian plants believed to be the source of horsemeat mislabeled as beef in supermarkets across Europe declared it properly and any fraud was committed somewhere else down the line, officials say. A maze of trading between meat wholesalers has made it increasingly difficult to trace the origins of food. France's agricultural minister says regulators must find a way "out of the fog." By Allison Mutler. AP photos. â¿¿ BOEING 787-TEST FLIGHT â¿¿ Boeing says it is done for now with flight tests to find the source of the battery problems on its 787s. Monday's hour-and-a-half flight was uneventful. MARKETS & ECONOMY: SMALLBIZ-MILLS NEW YORKâ¿¿ Karen Mills, who led the Small Business Administration as it focused on helping small companies recover from the Great Recession, announces that she's leaving the post she's held for four years. Mills, a former investment banker, had bipartisan support in Congress and won high marks from advocacy groups for her efforts to increase lending to small businesses. Eds: Incorporates BC-US--Obama-Mills. AP photos planned. â¿¿ FED-YELLEN â¿¿ Federal Reserve Vice Chairman Janet Yellen says the central bank may keep its key short-term interest rate at a record low even after unemployment falls close to a more normal level. â¿¿ CALIFORNIA VS TEXAS â¿¿ Texas Gov. Rick Perry began his latest visit to California on a quest to lure businesses to move jobs to his state by promoting low taxes and lax regulations.
MORTGAGES-LATE PAYMENTS, HFRHome loans made during the housing boom are declining as a share of all mortgages gone unpaid. The trend helped bring the national rate of late payments on home loans at the end of 2012 to the lowest level in four years, credit reporting agency TransUnion said Tuesday. By Alex Veiga. Eds: The story may not be published, broadcast or posted online before 12:01 a.m. EST on Tuesday. WALL STREET NEW YORK â¿¿ U.S. stocks drift lower, pulling the Standard & Poor's 500 index back from its 5-year high. AP photo. â¿¿ OIL PRICES â¿¿ Gasoline prices leveled off in the Northeast, as the region's drivers hopped back in their cars after digging them out of huge snow banks over the weekend. Oil rose more than $1 to finish above $97 a barrel as the euro strengthened against the dollar. INDUSTRY: BREAKFAST SODA NEW YORK â¿¿ If you don't like coffee or tea, Mountain Dew has a new breakfast drink that might perk you up. PepsiCo is rolling out a new drink called Kickstart this month that has Mountain Dew flavor but is made with 5 percent juice and Vitamins B and C, along with an extra jolt of caffeine. By Food Industry Writer Candice Choi. AP photos. DISABLED CRUISE SHIP HOUSTON â¿¿ Passengers aboard a cruise vessel stranded in the Gulf of Mexico had limited access to hot coffee, food and bathrooms on Monday as they waited for two tugboats to arrive to tow them to Mexico, Carnival Cruise Lines says. The Carnival Triumph has been floating aimlessly about 150 miles off the Yucatan Peninsula since a fire erupted in the aft engine room early Sunday. HIP REPLACEMENT COSTS CHICAGO â¿¿ Want to know how much a hip replacement will cost? Many hospitals won't be able to tell you, at least not right away â¿¿ if at all. And if you shop around and find centers that can quote a price, the amounts could vary astronomically, a study found. Many hospitals "are just completely unprepared" for cost questions, and aren't used to patients asking â¿¿ particularly those with insurance. But that's likely to change as employers increasingly force workers to share more health care costs by paying higher co-payments and deductibles, making patients more motivated to ask about costs. By Lindsay Tanner.
AP photosCASINO-TV GAMBLING ATLANTIC CITY, N.J. â¿¿ A New Jersey casino says it will become the first casino in the United States to let hotel guests gamble from their rooms over the TV set. Atlantic City's Borgata will offer its E-Casino to hotel guests starting Feb. 18. By Wayne Parry. NYC SALT CAMPAIGN NEW YORK â¿¿ Salt has quietly been slipping out of dozens of the most familiar foods in brand-name America, from Butterball turkeys to Uncle Ben's flavored rice dishes to Goya canned beans. Their manufacturers are among 21 companies that have met targets so far in a voluntary, New York City-led effort to get food manufacturers and restaurateurs to lighten up on salt to improve Americans' heart health, Mayor Michael Bloomberg announced Monday. By Jennifer Peltz. â¿¿ NOVO NORDISK-DIABETES DRUGS â¿¿ Shares of Danish drugmaker Novo Nordisk tumble as FDA says it needs a new study before it can finish a review of two diabetes treatments, a development that could delay approval for several years. â¿¿ NORWAY-OIL FUND-US â¿¿ Norway's oil fund makes its first real estate investment in the U.S., buying stakes in five office buildings in New York, Washington and Boston for $600 million. â¿¿ NETHERLANDS-AHOLD-ICA â¿¿ Dutch retailer Ahold, owner of U.S. grocery chains Stop & Shop and Giant, is selling its 60 percent stake in Scandinavia's ICA stores for $3.3 billion to investment group Hakon. NAVY YARD-BUILDING BOOM PHILADELPHIA â¿¿ Philadelphia's Navy Yard, a massive military powerhouse where battleships were born until the Cold War put it on ice, is celebrating a milestone that seemed a stretch 15 years ago. Less than two decades after the Navy shipped out, the sprawling property is home to 130 companies and 10,000 employees in a mix as varied as fashion, pharmaceuticals, colleges and cupcakes. By JoAnn Loviglio.
AP photos.TECHNOLOGY & MEDIA: BRITAIN-AUTONOMY-HP LONDON â¿¿ Britain's accounting watchdog is investigating Autonomy's books in the wake of fraud claims by Hewlett-Packard Co., which bought the British software maker for $10 billion in 2011. DELL-ACQUISITION NEW YORK â¿¿ Dell is trying to reassure shareholders about its proposed $24.4 billion acquisition by a group led by its founder, saying it considered a number of strategic options before agreeing to the deal. â¿¿ STARZ-SONY â¿¿ Premium pay TV channel Starz has renewed its agreement to carry movies from Sony Pictures through films hitting theaters in 2021. INTERNATIONAL: â¿¿ GERMANY-SHALE-GAS â¿¿ German environment minister: No fracking for shale gas in Germany any time soon. ___ A sampling of Money & Markets modules is below. The full digest for AP's Money & Markets service can be found at markets.ap.org. For questions about Money & Markets content, please contact Trevor Delaney (800-845-8450, ext. 1807). For technical support: Todd Balog (816-654-1096). After 6 p.m., contact the AP Business News desk (800-845-8450, ext. 1680) for content questions; 1-800-3AP-STOX for technical support and 212-621-1905 for graphics help. CENTERPIECE A distorted picture? Investors have pulled billions of dollars out of stock mutual funds since the Great Recession. Although that's true, it doesn't tell the entire story. It can't be denied that withdrawals from U.S. stock mutual funds have exceeded deposits for six years in a row; net withdrawals total more than $600 billion, according to the Investment Company Institute. That number is big enough to give the impression that for every dollar deposited into stock funds, several dollars were pulled out. A more nuanced story emerges if you compare the total amount taken in by mutual funds with the total amount withdrawn. From that perspective, the flight from stock mutual funds doesn't look as dramatic. COMPANY SPOTLIGHT You've got revenue
AOL reported Friday that its quarterly revenue grew for the first time in eight years, helped by strength in worldwide advertising.