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BC-APFN-Business News Digest

August 7, 2018

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

TOP STORIES:

US-CHINA-INVESTMENT — Already threatened by escalating U.S. tariffs on its goods, China is about to find it much harder to either invest in the United States or buy American technology. President Donald Trump is expected this week to sign legislation to tighten scrutiny of foreign investment and sensitive technology exports. The law doesn’t single out China, but there’s little doubt the intended target is Beijing, which the administration wants to punish for its tactics in trying to supplant America’s technological dominance. By Paul Wiseman. UPCOMING: 800 words at 3 p.m.

And:

CHINA TARIFFS-TECHNOLOGY — The price of headphones, speakers, high-tech lighting, and smart watches could all go up if the Trump administration’s trade war with China continues. It remains unclear exactly how much prices might go up, since some of the duties on Chinese products are still pending. Some large technology companies might also absorb the extra costs in order to keep prices low. By Michael Liedtke and Lorin Eleni Gill. SENT: 1,100 words, photos.

SMALL BUSINESSES-STRUGGLING TO HIRE — Even with the U.S. economy booming and the job market strong, hiring has slowed among one category of employers: small businesses. Yet it isn’t because these companies are hurting; most remain optimistic and report healthy sales. Rather, small companies are being hamstrung by the economy’s very strength: A shrunken pool of job seekers has forced them to compete with larger employers, which typically can offer higher pay and more generous benefits. By Christopher Rugaber. UPCOMING: 800 words by 2 p.m.

FAA-CONGRESS — As summer vacationers start to pack up and head home, Congress is considering a sweeping tally of proposals that could affect travelers, from dictating seat size and legroom to rolling back rules that require airlines to advertise the full price of a ticket. By David Koenig. SENT: 1,000 words, photos.

ELECTRONIC DRIVERS-FAILING THE TEST — Cars and trucks with electronic driver assist systems make not see stopped vehicles and could even steer you into a crash if you’re not paying attention, an insurance industry group warns. The Insurance Institute for Highway Safety, in a paper titled “Reality Check,” issues the warning after testing five of the systems from Tesla, Mercedes, BMW and Volvo on a track and real roads. The upshot is they aren’t perfect, but they can help in some circumstances. By Tom Krisher. SENT: 590 words, photos.

TESLA — Tesla CEO Elon Musk says he is considering taking the electric car maker private. SENT: 60 words, photos. UPCOMING: Developing.

MARKETS & ECONOMY:

FINANCIAL MARKETS —U.S. stocks are rising again as strong company earnings lift the market. The benchmark S&P 500 index is up for the fourth day in a row and fifth out of the last six. Technology companies and banks are making some of the largest gains. By Marley Jay. SENT: 850 words, photos. UPCOMING: Will be updated through 5 p.m.

JOB OPENINGS —U.S. employers posted slightly more openings in June than the previous month, resulting in more available jobs than unemployed people for the third straight month, signaling a solid economy. By Christopher Rugaber. SENT: 410 words, photos.

CONSUMER BORROWING — The Federal Reserve releases its June report on consumer borrowing. By Josh Boak. UPCOMING: 130 words after release of report at 3 p.m. 300 words by 3:45 p.m.

EARNINGS:

EARNS-WALT DISNEY — The entertainment behemoth reports quarterly results. UPCOMING: 250 words, photo after release of report at about 4 p.m.

ITALY-EARNS-UNICREDIT — UniCredit says its second-quarter profits grew by 8 percent as the Italian bank pushes reforms aimed at raising capital and cutting costs. SENT: 130 words.

INDUSTRY:

ICAHN-CIGNA — Carl Icahn is urging Cigna shareholders to reject the health insurer’s attempted multi-billion dollar takeover of Express Scripts, saying it’s paying too much for a company with a shaky future. By Tom Murphy. SENT: 660 words, photoS.

ARSENAL-KROENKE — Majority shareholder Stan Kroenke has made an offer to take full ownership of Arsenal in a deal that would value the English Premier League club at 1.8 billion pounds ($2.3 billion). SENT: 510 words, photo.

DP WORLD-UNIFEEDER — Dubai-based port operator DP World says it has bought Denmark-based Unifeeder Group for some $764 million. SENT: 120 words.

OIL PIPELINE-SECURITY — A North Dakota judge will not reopen a lawsuit filed against a private security firm hired by the Dakota Access oil pipeline developer during protests over the $3.8 billion project. By Blake Nicholson. SENT: 140 words.

TOOTHBRUSING-CAVITIES — Dental health experts worry that more people are using toothpaste that skips the most important ingredient — fluoride — and leaves them at a greater risk of cavities. By Jeff Donn. SENT: 1,080 words, photos, video.

GERMANY-CONDOM RECALL — British condom-maker Durex is withdrawing some of its products early from shelves after determining they do not meet “burst pressure” standards as they near their expiry date. SENT: 140 words.

GENERAL ELECTRIC-LAYOFFS — General Electric says it’s laying off 200 hourly workers at its upstate New York plant that produces steam turbines for the company’s power unit. SENT: 150 words.

TECHNOLOGY & MEDIA:

TOKYO-2020-SECURITY — A facial recognition system will be used across an Olympics for the first time as Tokyo organizers work to keep security tight and efficient at dozens of venues during the 2020 Games. By Mari Yamaguchi. SENT: 280 words, photos.

BRITAIN-INDIA-RIDE HAILING — Indian ride-hailing service Ola is stepping up its international expansion with plans to launch in the U.K., its second overseas market. SENT: 130 words, photo.

FALL HOMES-PARENTING-DIGITAL ASSISTANT — Hey parents: What if there was a machine that could respond to your kids’ every command, never tiring, even if they ask it to tell jokes for two hours or answer all their homework questions? It’s a blessing and a curse for moms and dads that machines kind of like that do exist in the form of Google’s Assistant and Amazon’s Alexa. By Melissa Rayworth. SENT: 1,070 words, photos.

PERSONAL FINANCE:

FALL HOMES-NERDWALLET-MOVING EXPENSES — Moving to a new place can be taxing — emotionally and financially. Preparing a budget can help. Aside from the cost of hiring movers, consider less-obvious expenses like packing materials, furniture covers and storage. By Lauren Schwahn. NerdWallet. SENT: 850 words, photos.

FALL HOMES-INDOOR GREENHOUSES — You don’t need a green thumb to grow vegetables indoors. There are indoor greenhouses that aim to take the work out of growing plants, from watering to getting the right dosage of light. By Tracee M. Herbaugh. SENT: 600 words, photos.

FALL HOMES-KITCHEN DISPOSABLES — Disposables have become a mainstay of many American kitchens — plastic baggies, cling wrap, paper towels, aluminum foil, plastic straws and more. Reducing or eliminating them can save money AND cut down on trash that ends up in landfills. By Katherine Roth. SENT: 800 words, photos.

INTERNATIONAL:

UNITED STATES-IRAN — U.S. sanctions that kicked in early Tuesday against Iran are meant to pressure Tehran’s government into retreating from its support for international terrorism, its military activity in the Middle East and its ballistic missile and nuclear-related programs, President Donald Trump’s national security adviser said. By Susannah George and Zeke Miller. SENT: 870 words, photos.

With;

NEW ZEALAND-EU-IRAN — The European Union’s foreign policy chief encouraged companies to do more business with Iran despite new U.S. sanctions, saying Tehran had upheld its commitments under the deal to limit its nuclear program. SENT: 580 words, photos.

ROMANIA-DANUBE-EU FUNDS — A European Union official says Romania will receive 59 million euros ($68 million) to modernize shipping routes along the River Danube. SENT: 140 words.

GERMANY-FRANKFURT AIRPORT — Police evacuated part of a terminal at Frankfurt Airport, Germany’s biggest, on Tuesday over concerns that at least one person may have entered the facility’s security area unchecked. SENT: 130 words, photos. UPCOMING: Will be updated.

MONEY & MARKETS SUMMARY:

SPOTLIGHT

Heavens to Etsy! Shares soar

Etsy shares surged after the arts and crafts marketplace reported stronger sales than analysts had expected and raised its forecasts for the year.

CENTERPIECE

Coffee break

Consumers are seeing prices rise on many products, but coffee shouldn’t be one of them thanks to record forecast production of 171.2 million bags.

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 full 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.

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