BC-Business News Preview


Among the stories for Wednesday from The Associated Press:

Removes: WALL STREET-TWITTER TUMBLE (will move later)



Boeing says it will begin delivering 787s again in early May. The 787 has been grounded since mid-January because of smoldering batteries. Federal authorities have approved Boeing's redesigned battery system. The company also says its net income rose 20 percent in the first quarter, beating Wall Street expectations, despite its troubles with the plane. By Joshua Freed.

AP photo.


DEARBORN, Mich. â¿¿ Ford says net income rose 15 percent in the first quarter to $1.6 billion as record North American profits overcame weakness in Europe and South America.

AP photo.


LONDON â¿¿ Recession may just be a word. But in Britain it may become a habit â¿¿ and a dangerous one at that. Official figures on first quarter economic growth, to be released Thursday, could show the country is back in recession, and tension is building. Experts warn that confirmation of another recession would create a wave of negative media attention that would scare consumers away from spending, feeding into a vicious cycle that has the economy flat-lining. By Danica Kirka


SAVAR, Bangladesh â¿¿ An eight-story building housing several garment factories collapsed near Bangladesh's capital, killing at least 70 people and trapping many more in the rubble. The collapse stirred memories of a fatal fire at a garment factory in November that killed 112 people and raised an outcry about safety in the nation's garment industry.


NEW YORK â¿¿ When Apple launched its iTunes music store a decade ago amid the ashes of Napster, the music industry â¿¿ reeling from the effects of online piracy â¿¿ was anxious to see how the new music service would shake out. As iTunes, now music's biggest retailer, celebrates its 10-year mark Sunday, it faces renewed scrutiny on how it will continue to dominate in the next decade â¿¿ or whether it can. With competition from subscription services like Spotify and other services like Amazon.com, Netflix, Hulu and others, iTunes will likely need to reinvent itself to remain at the top of the digital entertainment perch. By Entertainment Writer Nekesa Mumbi Moody.

If you liked this article you might like

What's Behind the Surge in Energy Stocks

Hillary Clinton Says Prosecuting Individuals is Key to Wall Street Reform