AP NEWS
Related topics

BC-Business News Digest

August 6, 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:

TRUMP-DEMOCRATIC JOB GROWTH — The United States is on pace to add about 2.6 million jobs this year under President Donald Trump’s watch. Yet the bulk of the hiring has occurred in bastions of Democratic voters rather than in the Republican counties that put Trump in the White House. By Josh Boak. SENT: 1,680 words, photos.

PEPSICO-CEO — Longtime PepsiCo CEO Indra Nooyi will step down as the top executive and the world’s second-largest food and beverage company. SENT: 510 words, photos.

With:

— PEPSICO-CEO-WOMEN-GLANCE — The top 10 female CEOs at Fortune 500 companies. SENT: 160 words, photos.

FLEXIBLE PAY — A growing number of companies are rolling out products and services that allow employees to receive a portion of their pay when they need it. This can help workers, especially those making hourly wages or working irregular schedules, to avoid unpleasant and potentially costly options such as borrowing from loved ones, running up credit card debt, selling possessions or taking out a high-interest loan when bills come due or emergencies arise before their next paycheck. By Sarah Skidmore Sell and Alexandra Olson. SENT: 1,050 words, photos.

FACEBOOK-ALEX JONES — Facebook says it has taken down four pages belonging to conspiracy theorist Alex Jones for violating its hate speech and bullying policies. SENT: 270 words, photo.

MOVIEPASS-NO PRICE HIKE — MoviePass, a discount service for movie tickets at theaters, is walking back a planned 50 percent price increase following a subscriber backlash. But it will soon impose a cap of three movies per month, instead of one every day. By Anick Jesdanun. SENT: 320 words, photos.

MARKETS & ECONOMY:

FINANCIAL MARKETS —U.S. stocks are slightly higher Monday as companies including Tyson Foods and Berkshire Hathaway are rising after their second-quarter reports. Energy companies are moving up with the price of oil. Overseas markets are getting off to a sluggish start to the week. By Marley Jay. SENT: 500 words, photos. UPCOMING: Will be updated through 5 p.m.

CHINA-SLIDING YUAN — China has tightened controls on trading in its yuan to discourage speculators after a decline against the dollar amid a tariff dispute with Washington fueled fears of a damaging outflow of capital from the world’s second-largest economy. By Joe McDonald. SENT: 600 words, photos.

INDUSTRY:

SKOREA-BMW-FIRES — BMW AG’s Korean unit apologizes over engine fires that prompted recalls and a probe, seeking to allay concerns over images of cars engulfed in flames. By Youkyung Lee. SENT: 280 words, photos.

HEALTH OVERHAUL-TRUMP OPTIONS — President Donald Trump says insurers are “going wild” about his new health care options and “millions and millions” of people will be signing up. But insurance companies say it will take time to design new plans and get approval from state regulators, and two major industry groups have actually expressed concern about potential downsides for consumers. By Ricardo Alonso-Zaldivar. SENT: 870 words, photo. First moved in a previous cycle.

FRANCE-OBIT-ROBUCHON — Joel Robuchon, a master chef who shook up the stuffy world of French haute cuisine by wowing palates with the delights of the simple mashed potato and giving diners a peek at the kitchen, has died at 73. By Sylvie Corbet and Sarah DiLorenzo. SENT: 950 words, photos.

TRAVEL-TRAVELLAB-ROCKET CITY — The birthplace of NASA’s rockets lies in Hunstville, Alabama, but with programs for the next generation, there’s more than space history here. By Marcia Dunn. SENT: 990 words, photos.

RITE AID-OUTLOOK SLASHED — Rite Aid is chopping its annual profit forecast three days before its shareholders vote on whether to approve the sale of the company. By Tom Murphy. SENT: 500 words, photos.

SMALLBIZ-GET STARTED — Manufacturing companies including small businesses say they’re paying higher prices for raw materials and seeing longer wait times for deliveries of goods that must go through customs because of new U.S. tariffs on imports from big trading partners. By Joyce M. Rosenberg. SENT: 400 words, photos.

SIMPLOT-GENE EDITING — A multinational agricultural company based in Idaho has acquired gene editing licensing rights that could one day be used to help farmers produce more crops and make grocery store offerings such as strawberries, potatoes and avocados stay fresher longer. By Keith Ridler. SENT: 600 words, photos.

TECHNOLOGY & MEDIA:

SINGAPORE-CYBERATTACK — A cyberattack that breached 1.5 million health records in Singapore has been attributed to sophisticated attackers who may be state-linked, a Cabinet minister said. By Kok Xing Hui. SENT: 400 words.

JAPAN-HIROSHIMA-VIRTUAL REALITY — A group of Japanese high school students has been producing a five-minute virtual reality experience that recreates the sights and sounds of Hiroshima immediately before, during and after the U.S. dropped an atomic bomb on the city 73 years ago. By Haruka Nuga. SENT: 500 words, photos.

GOOGLE-ANDROID — The next version of Google’s Android system will be called Pie. SENT: 140 words, photos.

EARNINGS:

HONG KONG-EARNS-HSBC — Global bank HSBC says its pre-tax profit in the first half of the year rose 4.6 percent as its strategy focused on growing markets paid off. SENT: 280 words, photo.

JAPAN-EARNS-SOFTBANK — Japanese technology company SoftBank says its net profit soared more than 50-fold from a year earlier to 313.7 billion yen ($2.8 billion) in the latest quarter thanks to gains in its main investment fund. By Ken Moritsugu. SENT: 340 words, photo.

PERSONAL FINANCE:

NERDWALLET-LIZ WESTON-SELL TIMESHARE — If having a timeshare is no longer appealing and you want to get rid of it, it might seem like there’s no easy way out. But you have a few options, including give-backs, selling, renting — or walking away. Whatever your exit plan, watch out for shady characters who offer to sell your timeshare for an upfront fee. By NerdWallet columnist Liz Weston. SENT: 760 words, photo.

INTERNATIONAL:

GERMANY-ECONOMY — Official data show that factory orders in Germany dropped a steep 4 percent in June compared with the previous month, led lower by a drop in demand from outside the eurozone. SENT: 130 words.

BRITAIN-HEATHROW — The head of British Airways has urged the British government to move immediately to shorten the long lines regularly faced by passengers arriving at Europe’s largest airport, London’s Heathrow. SENT: 130 words.

UNITED STATES-IRAN — Secretary of State Mike Pompeo says renewed U.S. sanctions on Iran will be rigorously enforced and remain in place until the Iranian government radically changes course. By Matthew Lee. SENT: 610 words, photo.

With:

EUROPE-US-IRAN — The European Union says that new measures are ready to take effect to protect European businesses from the impact of U.S. sanctions on Iran. By Lorne Cook. SENT: 360 words.

MALAYSIA-INDONESIA-LUXURY YACHT — Malaysian Prime Minister Mahathir Mohamad says that Indonesia has handed over a luxury yacht allegedly bought with money stolen from the multibillion-dollar looting of a state investment fund. SENT: 390 words, photos.

TAIWAN-CHINA-WATER SUPPLY — The Taiwanese-controlled island of Kinmen located just off the Chinese coast has begun importing water from its neighbor via a pipeline despite heightened tensions between Beijing and Taipei. SENT: 360 words.

GERMANY-GRAPE HARVEST — Germany’s grape harvest is officially underway on its earliest date yet after a scorching summer that has many other farmers groaning but — so far — is promising to be good for vintners. By Christoph Noelting. SENT: 490 words, photos.

GREECE-BAILOUT — A eurozone rescue fund says it has paid its final 15 billion-euro ($17.3 billion) bailout loan to Greece, after objections by Germany delayed the payment a few weeks. SENT: 130 words, photo.

DENMARK-BANKING-RUSSIA — Denmark’s top prosecution authority says it has opened a criminal investigation into the country’s largest bank for “possible violation in connection with money laundering.” SENT: 130 words.

EGYPT-ECONOMY — Egypt’s central bank says its foreign debt climbed more than 10 percent in less than a year, reaching $88.2 billion in March. By Sam Magdy. SENT: 300 words.

MONEY & MARKET SUMMARY:

SPOTLIGHT

Pepsi loses longtime leader

PepsiCo’s longtime CEO Indra Nooyi is stepping down as head of the massive food and beverage company.

CENTERPIECE

Sonos’ dynamic range

Much-hyped consumer hardware companies like FitBit and GoPro have struggled after going public. Can the wireless speaker maker Sonos turn it up to 11 following its IPO?

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.

AP RADIO
Update hourly