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Last Update on October 05, 2015 07:30 GMT


WASHINGTON (AP) -- There's probably not a lot of news for investors contained in economic reports that are due out in the first part of the week. But they will be of some interest.

Today, the Institute for Supply Management will release its service sector index for September.

Tomorrow, the Commerce Department will report on international trade in August.

On Wednesday, the Federal Reserve will release consumer credit data for August.


HONG KONG (AP) -- The World Bank is trimming its economic growth forecasts for East Asia, reflecting risks from China's gradual slowdown and a looming U.S. interest rate hike.

The bank said in a report Monday that it expects the developing countries of the East Asia and Pacific region to grow 6.5 percent in 2015, 6.4 percent in 2016 and 6.3 percent in 2017.

The latest estimates are 0.2-0.3 percentage points lower than previously forecast. The 14-country region expanded 6.8 percent last year.

The World Bank said that since those earlier estimates were released in April, "greater uncertainty about the global economy has weighed on the performance and prospects of developing East Asia and Pacific."

The report said spillover effects from China's slowdown and financial market volatility from a U.S. rate hike pose risks.


UNDATED (AP) -- Former Federal Reserve Chairman Ben Bernanke says some Wall Street executives should have gone to jail for their roles in the financial crisis that gripped the country in 2008 and triggered the Great Recession.

Billions of dollars in fines have been levied against major banks and brokerage firms in the wake of the economic meltdown that was in large part triggered by reckless lending and shady securities dealings that blew up a housing bubble.

But in an interview with USA Today published Sunday, Bernanke says he thinks that in addition to the corporations, individuals should have been held more accountable.

Bernanke is promoting his new 600-page memoir, "The Courage to Act: A Memoir of a Crisis and Its Aftermath," which is scheduled to be published Monday.


WASHINGTON (AP) -- Volkswagen is taking issue with a statistical and computer analysis that shows its tinkering with pollution-control equipment on cars has killed between five and 20 people annually in the U.S. in recent years.

The analysis by The Associated Press calculates how much pollution has been spewed year by year.

In a statement issued Saturday night, Volkswagen says the Environmental Protection Agency has noted that the affected vehicles do not present a safety hazard.

The automaker says that general allegations regarding links between nitrogen oxides emissions from these affected vehicles and specific health effects are unverified. And it says it has received no confirmed reports that the emissions from such vehicles have caused any actual health problem.

The AP analysis doesn't include Europe, where more VW diesels were sold.


SANTA FE, N.M. (AP) -- The company behind American Spirit cigarettes is being targeted in a class-action lawsuit.

The Santa Fe New Mexican reports ( a Florida law firm filed the suit this week against Santa Fe Natural Tobacco Co. and its parent company, Reynolds American Inc.

The plaintiffs say the cigarette maker's marketing deliberately tries to mislead smokers into believing their products are healthier than other tobacco products.

According to documents, the lawsuit cites a Food and Drug Administration warning that the use of words such as "natural" or "additive free" in their advertising violates federal law.

Santa Fe Natural Tobacoo Co. spokesman Seth Moskowitz said Friday that he could not comment on the lawsuit because of company policy.

However, the company has asked to meet with the FDA about its marketing.


PARIS (AP) -- France is urging holdout countries to submit their pledges to curb greenhouse gas pollution ahead of a major U.N. climate conference in Paris.

A total of 146 nations accounting for 87 percent of global carbon emissions submitted their pledges by a U.N. deadline last week. French Foreign Minister Laurent Fabius (loh-RAHN' FAH'-bee-yus), in a statement Sunday, pressed others to submit theirs "as soon as possible."

The Nov. 30-Dec. 11 conference is aiming for an ambitious deal to keep the rise in worldwide temperatures below 2 degrees C (4 F) this century.

Fabius said the pledges so far would slow global warming to a rise of less than 3 degrees C -- better than "the most pessimistic scenarios" but not enough to avoid irreversible impact to the Earth's climate system.


MOLINE, Ill. (AP) -- Farm equipment manufacturer Deere & Co. says United Auto Workers members have approved a new six-year labor agreement that covers facilities in three states.

Deere and UAW reached a tentative agreement last week. The company said in a statement Sunday it received notification that UAW members had ratified the deal. Negotiations began in late August.

The statement says terms of the agreement will not be made public.

The master labor contract covers manufacturing employees at factories in Davenport, Ankeny, Dubuque, Ottumwa and Waterloo, Iowa; East Moline, Moline and Milan, Illinois; and Coffeyville, Kansas.

Declining sales have led Deere to lay off workers in Iowa and Illinois this year.


Washington Times