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BC-Business News Digest

February 22, 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:

KRAFT HEINZ _ Kraft Heinz is disclosing an investigation by federal regulators and will slash the value of its Oscar Mayer brands by a $15.4 billion. Shares plunged 26 percent at the opening bell, the company’s biggest single-day decline, after posting a stunning $12.6 billion loss for the fourth quarter. SENT: 640 words, photo. UPCOMING: Will be updated.

FILM-THE JOYS OF THEATERS _ Streaming services are starting to catch up with getting the latest movies quickly. But after 181 free movies over a year with MoviePass, this reporter rediscovers the joys of heading to theaters. The main attraction: No distractions from Facebook, online chats, household chores and what not. By Anick Jesdanun. SENT: 650 words, photos.

With:

FILM-THEATER SUBSCRIPTIONS _ A comparison of several subscription programs that let you watch movies for less than the regular ticket price. By Anick Jesdanun. UPCOMING.

US-CHINA-TRADE TALKS _ The Trump administration and Chinese negotiators conclude two days of high-levels talks aimed at easing a trade standoff that has unnerved global investors and clouded the outlook for the world economy. By Paul Wiseman and Kevin Freking. UPCOMING: 800 words, photo.

Also:

_ EUROPE-US-CAR TARIFFS _ A European Union official says “there is full support” from member states to hit back if U.S. President Donald Trump imposes tariffs on cars and car parts. SENT: 130 words.

CHINA-SOCIAL CREDIT _ Travelers in China were blocked from buying plane tickets 17.5 million times last year as a penalty for failing to pay fines or other offenses. By Joe McDonald. SENT: 540 words, photo.

MARKETS & ECONOMY:

FINANCIAL MARKETS _ Technology and energy companies led U.S. stocks modestly higher in early trading, erasing some of the market’s losses from a day earlier, as investors weighed a mixed batch of corporate earnings reports. By Alex Veiga. SENT: 400 words, photos. UPCOMING: Will be updated through trading, about 700 words by 5 p.m.

FEDERAL RESERVE-MONETARY REPORT _ The Federal Reserve releases its latest monetary policy report to Congress on the state of the economy and the expected path for interest rates. By Martin Crutsinger. UPCOMING: 130 words after report is released at 11 a.m. 350 words by 11:45 a.m.

INDUSTRY:

AUTONATION-NEW CEO _ AutoNation, the country’s largest auto dealership chain, went outside the auto industry to find its new chief executive, appointing a top leader from the USAA financial services company. By Tom Krisher. SENT: 500 words, photo.

BMW-DAIMLER _ Automakers Daimler and BMW say that trustworthy handling of personal data will be a key competitive advantage in their new joint venture that offers app-based services like free-floating car-sharing in big cities. By David McHugh. SENT: 520 words, photos.

TECHNOLOGY & MEDIA:

YOUTUBE-CREATOR PROTEST _ YouTube has learned its latest hard lesson about dealing with schisms between its two big customer groups: advertisers and creators. YouTube’s year-in-review video is the site’s most downvoted video, ever, with more than 15 million dislikes. The video faces controversy for leaving out some of the site’s most popular and contentious creators. By Rachel Lerman. SENT: 900 words, photos.

AUSTRALIA-CHINESE BILLIONAIRE _ Chinese-Australian billionaire Chau Chak Wing was awarded 280,000 Australian dollars ($200,000) in damages by an Australian judge who ruled he was defamed by a media report that insinuated he bribed a former United Nations general assembly president. By Rod McGuirk. SENT: 530 words.

INTERNATIONAL:

TURKEY-ECONOMY-FOOD PRICES _ The government of Turkish President Recep Tayyip Erdogan has set up dozens of temporary stalls offering vegetables at almost half the regular market price. The move comes ahead of local elections next month and targets poorer families who have typically voted for Erdogan and are now struggling with inflation. By Zeynep Bilginsoy and Suzan Fraser. SENT: 800 words, photos.

GERMANY-ECONOMY _ Business confidence in Germany has fallen for the sixth consecutive month and hit a four-year low as worries persist about the outlook for Europe’s biggest economy at a time of global trade tensions, a closely watched survey showed. SENT: 370 words, photo.

AUSTRALIA-CHINA-COAL _ China said Friday that reported delays in handling of coal shipments from Australia were due to stepped up inspections to protect the environment. By Nick Perry. SENT: 400 words, photo.

BREXIT _ The Irish government published legislation designed to ease the damage if Britain leaves the European Union next month without a Brexit divorce deal — but said it hoped the law would never be needed. By Jill Lawless. SENT: 450 words, photos.

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