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BC-Business News Digest

February 14, 2019

Here are AP Business News’ latest coverage plans, top stories and promotable content. All times EST. For up-to-the minute information on AP’s coverage, visit Coverage Plan at newsroom.ap.org.

TOP STORIES:

EUROPE-AIRBUS _ European plane maker Airbus says it will stop making its superjumbo A380 in 2021 for lack of customers, abandoning the world’s biggest passenger jet and one of the aviation industry’s most ambitious and most troubled endeavors. By Angela Charlton and Jon Gambrell. SENT: 830 words, photos. UPCOMING: Will be updated.

With:

EUROPE-AIRBUS-THE LATEST _ Running updates.

Also:

EMIRATES-ETIHAD _ Abu Dhabi-based Etihad Airways says it has restructured planned airplane purchases from both Airbus and Boeing as the government-owned carrier struggles through serious financial turbulence. By Jon Gambrell. SENT: 380 words, photo.

CHINA-US-TRADE TALKS _ U.S. and Chinese negotiators open talks on a sprawling trade dispute as Beijing reported its January exports rebounded despite President Donald Trump’s tariff hikes. By Joe McDonald. SENT: 770 words, photos. UPCOMING: Will be updated.

OFF THE CHARTS-TAXING FUNDS _ As if the worst year for stocks in nearly a decade weren’t bad enough, many investors now have to pay a tax bill on top of it. By Stan Choe. UPCOMING: 600 words by 2 p.m., photo.

MARKETS & ECONOMY:

FINANCIAL MARKETS _ New figures showing that last month’s holiday sales were far worse than previously expected helped drive stocks lower on Wall Street early Thursday, threatening to end a four-day winning streak for the S&P 500 index. By Damian J. Troise. SENT: 430 words, photos. UPCOMING: Will be updated through trading, about 700 words by 5 p.m.

RETAIL SALES _ U.S. retail sales fell in December, posting the biggest drop since September 2009 and delivering more evidence that last year’s holiday sales fizzled unexpectedly. Even e-commerce suffered a big setback. By Paul Wiseman. SENT: 350 words, photo.

UNEMPLOYMENT BENEFITS _ The number of Americans applying for unemployment benefits rose last week but remains at levels low enough to show that most workers enjoy job security. By Paul Wiseman. SENT: 130 words, photo.

PRODUCER PRICES _ U.S. wholesale prices fell for a second straight month in January as energy costs fell sharply again. The monthly declines were more evidence that inflation remains under control. By Martin Crutsinger. SENT: 300 words, photo.

MORTGAGE RATES _ Freddie Mac reports on this week’s average U.S. mortgage rates. UPCOMING: 300 words by noon.

EARNINGS:

EARNS-COCA-COLA _ Coca-Cola posted solid quarterly profit and revenue numbers, but the strong dollar could slow sales in the coming year. SENT: 280 words, photos.

FRANCE-RENAULT _ In its first results since the downfall of former chairman Carlos Ghosn, French carmaker Renault reported a 35 percent slump in profits last year and warned about the impact to business if Britain crashes out of the European Union next month without a deal. By Samuel Petrequin. SENT: 520 words, photos.

SWITZERLAND-EARNS-NESTLE _ Nestle says net profit rose more than 40 percent last year, pointing to revived growth in its key Chinese and U.S. markets and laying out plans to slice off its Herta cold cuts businesses to focus more on plant-based foods and “high-growth” categories. SENT: 140 words.

INDUSTRY:

FOREVER CHEMICALS _ The Under strong pressure from Congress, the Environmental Protection Agency said Thursday that it will move ahead this year with a process that could lead to setting a safety threshold for a group of highly toxic chemicals in drinking water. By Ellen Knickmeyer and John Flesher. SENT: 670 words, photo.

BERKSHIRE HATHAWAY INVESTMENTS _ Warren Buffett’s company is expected to file a quarterly update on its U.S. stock portfolio on Thursday. Berkshire Hathaway’s holdings are always closely scrutinized because many investors want to know what Buffett is buying and selling because of his remarkably successful record. By Josh Funk. UPCOMING: 300-350 words developing from afternoon filing, photo.

TECHNOLOGY & MEDIA:

GERMANY-APPLE-QUALCOMM _ Apple is resuming sales of older iPhone models in Germany after losing a patent dispute against chipmaker Qualcomm last year. SENT: 130 words.

AUSTRIA-AMAZON-INVESTIGATION _ Austria’s antitrust agency says it has initiated an investigation into online retailer Amazon over complaints of unfair trade practices on its “marketplace” platform. SENT: 130 words.

PHILIPPINES-MEDIA _ The award-winning head of a Philippine online news site that has aggressively covered President Rodrigo Duterte’s administration is freed on bail after her arrest in a libel case. By Bullit Marquez. SENT: 580 words, photos.

INTERNATIONAL:

BREXIT _ British Prime Minister Theresa May is scrambling to avoid another defeat on her Brexit strategy amid opposition from members of her own party who claim she is moving in the wrong direction in efforts to overcome the impasse blocking a deal. SENT: 580 words, photos.

GERMANY-ECONOMY _ Germany recorded zero growth in the fourth quarter, only narrowly avoiding a recession and adding to downbeat signs piling up about the 19-country eurozone economy. By David McHugh. SENT: 500 words, photos.

NKOREA-ENERGY OPTIONS _ Power-strapped North Korea is exploring two ambitious alternative energy sources — tidal power and coal-based synthetic fuels — that could greatly improve living standards and reduce its reliance on oil imports and vulnerability to sanctions. By Eric Talmadge. SENT: 900 words, photos.

JAPAN-ECONOMY _Japan’s economy picked up some momentum in the last quarter of 2018 but still slowed from the growth seen in the previous year. SENT: 380 words, photo.

Business News Supervisor Richard Jacobsen (800-845-8450, ext. 1680). For photos (ext. 1900.) For graphics/interactives (ext. 7636.) For access to AP Newsroom and technical issues: customersupport@ap.org, or 877-836-9477. Questions about transmission of financial market listings, call 800-3AP-STOX.

The digest for AP’s Money & Markets service can be found at markets.ap.org. For questions about M&M content, contact Greg Keller at (212) 621-7958.