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BC-Business News Preview

January 15, 2019

Among the stories Tuesday from The Associated Press:

TOP STORIES:

GROWING UP DIGITAL-EDUCATION AS A GAME _ A vast array of apps, websites and software in schools today borrow elements from video games to help teachers connect with students living technology-infused lives. Studies have found that some can be effective. But there is also skepticism about how often students who use them are better educated, or just better entertained. By Mike Melia. SENT: 960 words, photos, video.

With:

FACEBOOK-LOCAL NEWS INVESTMENT _ Facebook says it is investing $300 million over the next three years in local news programs, partnerships and other initiatives. The cash investment includes reporting grants for local newsrooms and investing in nonprofits aimed at helping support local news. By Barbara Ortutay. SENT: 530 words, photo.

AUTO SHOW-LOSING CLOUT? _ Auto shows may be losing their influence on buyers, and if Detroit is any indication, automakers are realizing it. BMW, Mercedes, Porsche, Audi and Mazda have all pulled out of the January show, many citing a lack of bang for their buck or a bad date for their cycle of new vehicles. Debuts of new vehicles and attendance may be down at major U.S. and international shows as companies save money and get more buzz by doing introductions digitally outside of the organized shows. By Jeff Karoub and Tom Krisher. UPCOMING: 800 words by 4 p.m.

With:

VOLKSWAGEN-FORD _ Volkswagen and Ford say they’re forming a global alliance in which they will develop commercial vans and medium-sized pickups together while exploring broader cooperation on future battery-powered and autonomous vehicles. By David McHugh. SENT: 410 words, photo.

GOVERNMENT SHUTDOWN-GOING PUBLIC STALLED _ The partial government shutdown is slowing plans by some companies to issue stock to the public and potentially cutting off a key source of capital for the financial markets. The shutdown has all but shuttered the Securities and Exchange Commission, which oversees the markets, including initial public offerings. Companies that have been moving toward IPOs in coming months include Uber, Lyft and Pinterest. By Marcy Gordon. UPCOMING: 800 words by 1 p.m.

And:

GOVERNMENT SHUTDOWN-GIG ECONOMY _ A look at how furloughed government employees are working as Uber drivers and other side gigs to make ends meet during the shutdown. UPCOMING, timing uncertain.

CHINA-HUAWEI _ The founder of Huawei says his company would refuse to disclose secrets about its customers and their communication networks, trying to lay to rest concerns the Chinese tech giant might spy for the Communist government. By Joe McDonald. SENT: 1,170 words, photos.

With:

CHINA-CANADA _ A Chinese court sentenced a Canadian to death in a sudden retrial of his drug smuggling case, while another Canadian man has been denied diplomatic immunity, ratcheting up the tensions following Canada’s arrest of a top Chinese technology executive last month. By Rob Gillies and Yanan Wang. SENT: 1,100 words, photos.

BREXIT _ Parliament neared a historic vote as British Prime Minister Theresa May lobbied vehemently for a positive verdict on her proposed divorce deal with the European Union. Lawmakers will finally get their chance to say yes or no to May’s deal after more than two years of political upheaval, with all signs indicating a resounding rejection. By Jill Lawless, Danica Kirka and Gregory Katz. SENT: 950 words, photos, audio. UPCOMING: Will be updated.

With:

BREXIT-PLAN B _ If Britain’s Parliament rejects Prime Minister Theresa May’s Brexit divorce deal, May will have until the start of next week to come back to Parliament with a Plan B. Here’s a look at what might happen if lawmakers vote down the deal. By Jill Lawless. SENT: 800 words, photos.

Also:

_ BREXIT-VOTE TIMETABLE _ British Prime Minister Theresa May is facing a critical vote her EU divorce deal _ and its prospects are uncertain. A look at how Tuesday’s events are expected to unfold, with approximate timings. SENT: 120 words, photo.

_ BREXIT-TIMELINE-GLANCE _ A timeline of key events related to Britain’s decision to leave the European Union. SENT: 500 words, photos.

MARKETS & ECONOMY:

FINANCIAL MARKETS _ Stocks are inching higher in early trading on Wall Street as fourth-quarter company earnings reports start to roll in. SENT: 650 words, photos. UPCOMING: 700 words by 5 p.m.

With:

CHINA-ECONOMY _ China plans to slash taxes, step up spending and provide ample financing to private and small enterprises to help counter the country’s worst slowdown since the global financial crisis and the impact of a bruising trade war with the U.S. SENT: 720 words, photos.

PRODUCER PRICES _ U.S. wholesale prices fell last month, dragged down by a steep drop in gas costs, suggesting that inflation will remain tame in the coming months. By Christopher Rugaber. SENT: 360 words, photo.

TRUMP-DAVOS _ The White House has named the members of a scaled-back delegation that will represent the Trump administration next week at an annual economic conference in Switzerland. SENT: 140 words.

PUERTO RICO-ECONOMIC CRISIS _ A federal control board that oversees Puerto Rico’s finances is asking a court to invalidate more than $6 billion worth of debt issued by the U.S. territory, a move that would hit bondholders. By Danica Coto. SENT: 380 words.

EARNINGS:

EARNS-DELTA AIR LINES _ Delta Air Lines’ surging profit is being overshadowed by tepid expectations for the current quarter amid broader concerns about the global economy, lower fuel prices and the ongoing U.S. government shutdown. SENT: 360 words, photo. UPCOMING: Will be updated.

EARNS-JPMORGAN CHASE _ JPMorgan Chase & Co.‘s fourth quarter profits badly missed analysts’ expectations, caused by difficulties in the bank’s bond-trading business. By Ken Sweet. SENT: 280 words, photo.

EARNS-UNITEDHEALTH GROUP _ UnitedHealth’s fourth-quarter earnings slid 16 percent from last year, when federal tax cuts helped the nation’s largest health insurer, but the performance still came in well above analyst expectations. By Tom Murphy. SENT: 360 words, photo.

EARNS-WELLS FARGO _ Wells Fargo, the consumer banking giant, said its fourth-quarter profits fell slightly as the bank remains restrained by federal regulators, who put a tight leash on it after years of scandals and missteps. By Ken Sweet. SENT: 300 words, photo.

EARNS-UNITED CONTINENTAL _ United Continental Holdings Inc. reports quarterly financial results after the market close. UPCOMING: 130 words after release, then expanded.

INDUSTRY:

JAPAN-NISSAN-GHOSN _ The Tokyo District Court turns down a request by Nissan’s former chairman Carlos Ghosn for release on bail, prolonging his detention by weeks and possibly months. By Yuri Kageyama. SENT: 270 words, photo.

CALIFORNIA WILDFIRES-UTILITY _ The announcement by the nation’s largest utility that it is filing for bankruptcy puts Pacific Gas & Electric Co.’s problems squarely in the hands of Gov. Gavin Newsom and state lawmakers, who now must try to keep ratepayer costs down, ensure wildfire victims get the money they’re owed and rethink California’s energy picture in the face of climate change. By Kathleen Ronayne and Janie Har. SENT: 880 words, photos. First sent Monday night.

ROMANIA-RENAULT RECALL _ French carmaker Renault is recalling some 13,300 Dacia automobiles in Romania over safety issues with the driver’s air bag inflator. SENT: 160 words.

TECHNOLOGY & MEDIA:

BIG TECH-PRIVACY LAW PRE-EMPTION _ Business-friendly politicians have suggested a federal privacy law that would override stronger protections passed in states like California. Now a think tank funded in part by Google and other technology companies has taken that logic a step further, proposing to also unravel existing federal laws that protect children and sensitive health information. Privacy advocates are unamused. By Rachel Lerman. UPCOMING: 600 words, photo by 3 p.m.

NETFLIX-PRICE INCREASE _ Netflix is raising its U.S. prices by 13 percent to 18 percent, its biggest increase since the company launched its streaming service 12 years ago. By Michael Liedtke. SENT: 640 words, photo.

PERSONAL FINANCE:

NERDWALLET-MILLENNIAL MONEY-INSTAGRAM DEBT _ Nearly half of U.S. households carry credit card debt, which means many of the friends making you jealous on Instagram may not be able to afford the vacations they post about. Here’s how to keep social media from bullying you into overspending. By Brianna McGurran. UPCOMING: 700 words by 11 a.m., photos.

WASHINGTON:

EPA-ENFORCEMENT DECLINE _ The Environmental Protection Agency hit a 30-year low in 2018 in the number of pollution cases it referred for criminal prosecution, Justice Department data show. By Ellen Knickmeyer. SENT; 550 words, photo.

SUPREME COURT-LIQUOR SALES _ Supreme Court set to hear dispute over Tennessee’s residency requirements for liquor store owners. By Adrian Sainz and Mark Sherman. SENT: 890 words, photo

INTERNATIONAL:

CUBA-TOURISM _ President Donald Trump’s Cuba policy is driving hundreds of millions of dollars from the island’s private entrepreneurs to its military-controlled tourism sector, the opposite of its supposed goal, new statistics say. By Andrea Rodriguez. SENT: 700 words, photo.

EUROPE-ECONOMY _ Germany’s economic growth slowed last year amid signs of wider global weakness, but statistics officials said Europe’s dominant economy at least escaped a feared recession in the fourth quarter. By David McHugh. SENT: 380 words, photo.

SWITZERLAND DAVOS FORUM _ World Economic Forum chief Klaus Schwab and fellow executives preview the annual Davos event next week, after President Trump bowed out over the U.S. government shutdown and with Brazil’s new populist President Jair Bolsonaro set to be a focus at the meeting of globalists, business leaders and other elite. UPCOMING, timing uncertain.

LEBANON-ARAB SUMMIT _ An Arab economic development summit that Lebanon is hosting this weekend has been marred by controversy days before delegates arrive. By Zeina Karam and Bassem Mroue. SENT: 900 words, photos.

ZIMBABWEFUEL CRISIS _ A Zimbabwean military helicopter fires tear gas at demonstrators blocking a road and burning tires in the capital on a second day of deadly protests after the government more than doubled the price of fuel in the economically shattered country. By Farai Mutsaka. SENT: 410 words, photos.

FRANCE-PROTESTS _ French President Emmanuel Macron is formally launching a “grand debate” to try to appease the yellow vest movement following weeks of anti-government protests. SENT: 320 words, photos.

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