BC-US--Business News Digest, US


Associated Press

Posted on April 7, 2013 at 3:00 PM

Updated Sunday, Apr 7 at 3:00 PM

Business News at 5:30 p.m.

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WASHINGTON — Sen. Chuck Schumer, D-N.Y., said Sunday that he's hoping for a bipartisan deal by the end of this week on a sweeping immigration bill to secure the border and allow eventual citizenship to the estimated 11 million people living here illegally. By Erica Werner.



NEW YORK — The sports world is laser focused on college hoops right now. The annual tournament is near its climax, with just a quartet of teams — cutely called the Final Four — slugging it out for the national championship title, which will be decided Monday. And since the stock market is a lot like the tournament, packed as it is with upsets and long shots, we asked half a dozen experts to come up with their own Final Four of stocks. By Christina Rexrode. For use anytime.

AP Photos.



PITTSBURGH — Like a marriage the in-laws don't approve of, a new plan to strengthen standards for fracking is creating unusual divisions among environmentalists and supporters of the oil and gas industry. At first glance it's hard to fathom all the angst over the Pittsburgh-based Center for Sustainable Shale Development. Environmental groups, foundations, and major oil and gas companies came together to support stringent measures to protect air and water from pollution in the Appalachian region, and they invited other groups to join in and help clean up the new boom in fracking. Not everyone was flattered by the invitation. By Kevin Begos.


WASHINGTON — Airline passengers are getting grumpier, and it's little wonder. Airlines keep shrinking the size of seats to stuff more people onto planes, those empty middle seats that might provide a little more room have vanished, and more people who have bought tickets are being turned away because flights are overbooked. Private researchers who have analyzed federal data on airline performance say consumer complaints to the Transportation Department surged by one-fifth last year even though other measures such as on-time arrivals and mishandled baggage show airlines are doing a better job. By Joan Lowy. Eds: HOLD FOR RELEASE at 12:01 a.m. EDT Mon. April 8.

AP Photos.




LOS ANGELES —A growing number of people have had it with TV. They've had enough of the 100-plus channel universe. They don't like timing their lives around network show schedules. They're tired of paying $100 or more a month. Many of them have stopped paying for cable and satellite TV. These "cord-cutters" are watching shows and movies on the Internet. Last month, the Nielsen Co. started labeling people in this group "Zero TV" households, because they fall outside the traditional definition of a TV home. There are 5 million of these residences in the U.S., up from 2 million in 2007. Winning back the Zero TV crowd will be one of the many issues broadcasters discuss at their national meeting, taking place this week in Las Vegas. By Ryan Nakashima.

AP Photos.

—BOX OFFICE — Resurrected demons and resurrected dinosaurs are helping to put some life back into the weekend box office. Sunday studio estimates put the demonic horror remake "Evil Dead" at No. 1 with a $26 million debut.



HANNOVER, Germany — Russian President Vladimir Putin has arrived in Germany for a visit expected to focus on differences over Cyprus' financial crisis and German concerns about the Kremlin crackdown on civil society groups. By Vladimir Isachenkov.

AP Photos.


BERLIN — Rabbits scamper over quiet runways. Only the call of a single crow disturbs the silence around a gleaming, empty terminal that should be humming with thousands of passengers. Willy Brandt International Airport, named for Germany's famed Cold War leader, was supposed to have been up and running in late 2011, a sign of Berlin's transformation from Cold War confrontation line to world class capital of Europe's economic powerhouse. Instead it has become a symbol of how, even for this technological titan, things can go very wrong. One of the notable problems? No one can figure out how to turn off the lights. By Kirsten Grieshaber

AP Photos.


BRUSSELS — With just half a million people living on a tiny patch of lush land nestled between Belgium, France and Germany, Luxembourg is as tranquil as a buzzing financial center gets. Still, some of Europe's regulators and politicians have started wondering aloud whether its banks might be holding the 17-nation eurozone's next ticking bomb. By Juergen Baetz.


LISBON, Portugal — Portugal's prime minister says his bailed-out country must make deeper cuts in public services to compensate for a court ruling that prohibited some tax increases. Pedro Passos Coelho said in a televised address to the nation Sunday that Portuguese lives "will become more difficult," though he said he won't increase taxes.