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BC-Business News Digest

March 21, 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.


INTEREST RATES-CONSUMER EFFECT _ It was only a few months ago that interest rates were marching higher and bearing down on everyone from home buyers to stock investors. But some rates began easing early this year and on Wednesday, the Fed surprised the market when it said it may not raise rates at all during 2019. By Stan Choe. SENT: 700 words, photo.


FEDERAL RESERVE _ The Federal Reserve sent a stark message Wednesday: The economy is slowing. And it won’t be raising interest rates anytime soon. The Fed left its key short-term rate unchanged and projected no rate hikes this year, reflecting a dimmer view of the economy as growth weakens in the United States and abroad. By Martin Crutsinger. SENT: 1,000 words, photos. First moved Wednesday.

ETHIOPIA-PLANE CRASH _ Boeing’s grounded airliners are likely to be parked longer now that European and Canadian regulators plan to conduct their own reviews of changes the company is making after two of the jets crashed. By David Koenig and Tom Krisher. SENT: 1,030 words, photos. First moved Wednesday.


INDONESIA-LION AIR CRASH-FAA _ The chairman of Indonesia’s transportation safety agency confirmed Thursday that a third pilot was in the cockpit of a Lion Air Boeing 737 Max 8 on a troubled flight the day before the aircraft crashed on Oct. 29, just minutes after takeoff. By Niniek Karmini. SENT: 420 words, photos.

LEVI STRAUSS-IPO _ Levi Strauss & Co., which gave America its first pair of blue jeans, is going public for the second time. The stock is listed under the ticker “LEVI” and is set to start trading Thursday at $17. By Anne D’Innocenzio. SENT: 650 words, photos. UPCOMING: Will be updated through trading.




BREXIT _ European Union leaders meeting in Brussels say they are likely to grant Britain a Brexit delay if the U.K. government can win parliamentary support next week for its EU divorce deal, though it may be shorter than the June 30 date the U.K. has asked for. By Lorne Cook and Jill Lawless. SENT: 900 words, photos.



_ BRITAIN-ECONOMY _ U.K. companies have ratcheted up their preparations for a disorderly “no-deal” Brexit over the past couple of months, the Bank of England said Thursday. By Pan Pylas. SENT: 600 words, photo.


FINANCIAL MARKETS _ U.S. stocks moved broadly higher in early trading on Wall Street as technology stocks offset declines in the banking sector. By Damian J. Troise. SENT: 300 words, photos. UPCOMING: Will be updated throughout trading, about 700 words by 5 p.m.

OFF-THE-CHARTS-CBD-MARKET _ Cannabis-derived CBD oil is finding a place in products from skin cream to bottled water, with the U.S. retail market projected to swell to $16 billion by 2025. By Alex Veiga. SENT: 420 words.

MORTGAGE RATES _ Freddie Mac reports on this week’s average U.S. mortgage rates. UPCOMING: 130 words after release of report at 10 a.m. 250 words by 10:45 a.m.


EXXON VALDEZ-30TH ANNIVERSARY-PHOTO GALLERY _ The Exxon Valdez oil spill marred Alaska waters, beaches and wildlife 30 years ago this month. By Rachel D’Oro. SENT: 250 words, photo gallery.

GERMANY-WHISKEY-BOOM _ Whiskey distilleries are popping up across Germany, producing a craft product to help fill a growing demand. By David Rising. SENT: 1,100 words, photos.


NCAA-SHOOTING-SYSTEM _ NCAA Tournament games can be won and lost at the 3-point line, and some teams put technology to use to help players improve their shooting. By Noah Trister. SENT: 900 words, photos.


NERDWALLET-DROPOUT WARNING SIGNS _ To keep yourself on track to graduate from college in four years, choose the right courses, put in the necessary work and take advantage of academic and financial assistance that your school offers when you need it. By Ryan Lane of NerdWallet. SENT: 800 words, photo.


DENMARK-VESTAGER-EU POSTS _ The EU’s competition commissioner, Margrethe Vestager, and Belgium’s Guy Verhofstadt are among the seven candidates from the European Parliament’s liberal, pro-business ALDE faction running for top posts within the European Union this year. By Jan M. Olsen. SENT: 320 words.

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