Global Glance: Apple to debut new iPhones; Survey shows health insurance gains slowing

Powered by The Associated Press

Here are today’s top business headlines from across the nation and world:

Apple to show off new iPhones and maybe new ways to listen

SAN FRANCISCO (AP) — Apple is expected to show off new iPhones, an updated smartwatch – and maybe some new gear for listening to both – during its annual fall product launch event Wednesday. Hard-core Apple fans will be watching closely for details about the newest features coming to Apple’s gadgets, from a widely anticipated dual-lens camera for the iPhone to a rumored GPS sensor in the Apple Watch. But even casual users of consumer technology may be interested to see if Apple follows through on reports that it’s eliminating the iPhone’s analog headphone jack, since that could pave the way for a big shift in the way people listen to digital music. Read more


South Korea: Hanjin to resume work in Long Beach this week

SEOUL, South Korea (AP) — South Korea’s top economic policymaker said Wednesday that he expected Hanjin Shipping vessels marooned offshore of Long Beach, California, will be able to offload cargo this week. Finance Minister Yoo Il-ho said at a government meeting that he expects the cargo crisis caused by Hanjin’s slide toward bankruptcy will begin to ease this week, according to a ministry statement. South Korea’s biggest ocean shipping line says it is seeking protection from its creditors in dozens of countries. Read more


Government survey shows health insurance gains slowing

WASHINGTON (AP) — The nation’s progress in getting more people covered by health insurance slowed significantly this year, the government confirmed Wednesday in a report that tempers a historic achievement of the Obama administration. About 1.3 million fewer people were uninsured the first three months of this year, driving the uninsured rate to a record low of 8.6 percent, according to the National Health Interview Survey, an ongoing project of the Centers for Disease Control and Prevention. Still, that progress is a fraction of the earlier gains seen under President Barack Obama’s health care law. Read more


Volkswagen, China’s JAC in talks to make electric cars

FRANKFURT, Germany (AP) — German automaker Volkswagen said Wednesday it is in talks about forming a joint venture to develop electric vehicles with China’s Anhui Jianghuai Automobile, or JAC. The move is part of Volkswagen’s new push into electric vehicles after its reputation was damaged by a scandal over diesel vehicles rigged to cheat on emissions testing. Volkswagen aims to come up with 30 new models over the next ten years. Read more


EPA shuts down 17 wells in Osage Nation after Oklahoma earthquake

OKLAHOMA CITY (AP) — Federal regulators have shut down 17 wastewater disposal wells in the Osage Nation of northeastern Oklahoma following a weekend earthquake that matched the state’s strongest on record, state officials confirmed Tuesday. Because the wells are located on tribal land, Oklahoma regulators have no jurisdiction over oil- and gas-producing facilities in the region. Oklahoma Corporation Commissioner Matt Skinner told The Associated Press that the U.S. Environmental Protection Agency notified the state Tuesday that 17 wells were ordered closed. Read more


GE ups its digital game, snaring two 3-D printing companies

WASHINGTON (AP) — General Electric is continuing its push into the digital realm, spending $1.4 billion to acquire two European 3-D printing companies. At the same time, it’s upping its old-school manufacturing capabilities with technology that will allow it to quickly punch out components for the automotive, airline and health industries at the whim of any client. The Fairfield, Conn. company said Tuesday that it expects the acquisition of Arcam AB and SLM Solutions Group AB to boost revenue within its 3-D printing business to $1 billion by 2020. Read more


China vetoed from becoming 2nd biggest Australia farm owner

CANBERRA, Australia (AP) — China would have become the second largest foreign owner of Australian farmland after the United Kingdom if the government had not vetoed the sale to Chinese interests of a major cattle empire, a report showed on Wednesday. The Australian government released the first ever audit of Australian farmland ownership in answer to public concerns that too much agricultural land was being sold off to foreign interests, particularly China. Read more


Want the state’s top business and entrepreneurship news in your inbox? Sign up here for our newsletters.

Leave a Reply

Have you heard?

Missouri Business Alert is participating in CoMoGives2019!

Find out how we plan to use your gift to enhance training and programming for our students