BC-APFN-Business News Digest
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.
CHINA-US-TRADE CONFUSION — China issues an upbeat but vague promise to carry out a tariff cease-fire with Washington but gave no details that might dispel confusion about what Presidents Xi Jinping and Donald Trump agreed to in Argentina. By Joe McDonald. SENT: 860 words, photo. UPCOMING: Will be updated.
CHINA-US-TRADE CONFUSION-THE LATEST — Running updates.
CHINA-US-TRADE — The Trump administration raised doubts about the substance of a U.S.-China trade cease-fire, contributing to a broad stock market plunge Tuesday and intensifying fears of a global economic slowdown. By Christopher Rugaber. SENT: 1,050 words, photos. First sent Tuesday.
SMALLBIZ-SMALL TALK-SAVING FOR RETIREMENT — Traditionally, owners of small businesses thought it was more important to reinvest profits into the company rather than save for retirement. But attitudes about saving may be evolving after the financial devastation of the Great Recession, when tens of thousands of businesses failed. By Joyce M. Rosenberg. UPCOMING: 900 words by 2 p.m., photos.
SMALLBIZ-SAVING FOR RETIREMENT-TIPS — Small business owners may want to save for retirement but are anxious about diverting money away from their companies. By Joyce M. Rosenberg. UPCOMING: 370 words by 2 p.m., photos.
WAYMO-RIDE HAILING — Google’s self-driving car spinoff is finally ready to try to make money off its nearly decade-old technology. Waymo is introducing a small-scale ride-hailing service in the Phoenix area that will include a human behind the wheel in case the robotic vehicles malfunction. By Michael Liedtke. SENT: 750 words, photos.
MARKETS & ECONOMY:
FINANCIAL MARKETS — Global stock prices fall Wednesday, though not as much as Wall Street the day before, amid confusion about what the U.S. and China agreed to in a tariff cease-fire. U.S. markets are closed Wednesday to mourn the death of former President George H.W. Bush. SENT: 500 words, photo.
NISSAN-INVESTIGATION — U.S. safety regulators are investigating complaints that a suspension part on Nissan Altimas can come loose from the frame due to corrosion. SENT: 150 words, photos.
JAPAN-NISSAN-GHOSN-BRAZIL — The former Nissan chairman Carlos Ghosn, who was arrested in Japan on suspicion of underreporting his income, seems prepared to fight out his case and has asked for thriller books, according to the Brazilian consul general. By Yuri Kageyama. SENT: 550 words, photos.
BRITAIN-RYANAIR — Britain’s airline regulator is seeking to force Ryanair to pay compensation for flights that were cancelled or delayed by a series of worker strikes after Europe’s biggest discount carrier said it wasn’t required to pay thousands of claims under European Union rules. SENT: 140 words.
BRITAIN-DELIVEROO — Britain’s High Court has ruled that Deliveroo riders do not have the right to collective bargaining — the latest in a series of rulings as U.K. courts grapple with the rise of the so-called “gig economy.” SENT: 180 words.
MICHIGAN-PIPELINE — The Michigan Senate voted Wednesday to facilitate a deal to replace a contentious 65-year-old oil pipeline in the Great Lakes, approving legislation to empower a new authority to oversee the construction and operation of a utility tunnel that would encase the new pipeline. By David Eggert. SENT: 260 words.
TECHNOLOGY & MEDIA:
CBS-MOONVES —An internal investigation of former CBS chief Les Moonves has turned up more evidence of sexual misconduct as well as lying and destruction of evidence, throwing into jeopardy his $120 million severance package, The New York Times reported Wednesday. A look at what’s known about the scandal so far. By Mae Anderson. SENT: 380 words, photos.
CHINA-CRAZY RICH ASIANS — Chinese audiences aren’t exactly going nuts over the U.S. box office hit “Crazy Rich Asians,” despite its all-Asian cast and theme of rising Asian prosperity. By Christopher Bodeen. SENT: 520 words, photos.
EUROPE-FIGHTING FAKE NEWS — European Union authorities want internet companies including Google, Facebook and Twitter to file monthly reports on their progress eradicating Russian-backed “fake news” from their platforms ahead of elections next year. SENT: 400 words.
BRITAIN-FACEBOOK PRIVACY — The British Parliament has released some 250 pages worth of documents that show Facebook considered charging developers for data access. By Danica Kirka. SENT: 320 words.
EARNS-BROWN-FORMAN — Liquor company Brown-Forman Corp. reported slightly higher second-quarter net income Wednesday on the strength of its American whiskey and tequila sales, but cautioned that it’s starting to feel the pinch from tariffs slapped on its spirits in key European markets. By Bruce Schreiner. SENT: 760 words, photoS.
ON THE MONEY-CAR BUYERS CHECKLIST — Emotions run high when you’re buying a new or used car. So it’s easy to overlook details that could cost you in the long run. This car buyer’s checklist — created by a professional car shopper — is a valuable tool to get the right vehicle at a good price. By NerdWallet columnist Philip Reed. UPCOMING: 830 words, photos.
BEHIND THE WHEEL-INTEREST RATES — If you haven’t bought a car in a few years, get ready for an unpleasant surprise: Interest rates for car loans, both new and used, are on the rise. Edmunds offers up strategies for coping with the new car-buying reality. By Ronald Montoya of Edmunds. SENT: 740 words, photo.
HOMES-DRAFTY WINDOWS — There are plenty of reasons to fix or replace windows, but wintry temperatures push many homeowners to get the job done. By Tracee M. Herbaugh. SENT: 630 words, photos.
BRITAIN-ECONOMY — Britain’s hugely important services sector is struggling in the face of Brexit, a closely watched survey showed Wednesday, as Prime Minister Theresa May strives to get the support of Parliament for her deal with the European Union. By Pan Pylas. SENT: 460 words, photo.
BREXIT — Britain’s House of Commons opened Round Two in the bruising battle between lawmakers and Prime Minister Theresa May’s government over her Brexit deal. By Jill Lawless. SENT: 870 words, photos.
FRANCE-PROTESTS — Trade unions and farmers pledged Wednesday to join nationwide protests against President Emmanuel Macron, as concessions by the government failed to stem the momentum of the most violent demonstrations France has seen in decades. By Samuel Petrequin. SENT: 730 words, photos.
PORTUGAL-CHINA — Portugal is embracing China’s “One Belt, One Road” initiative, which offers loans for the building of large-scale infrastructure projects. By Barry Hatton. SENT: 360 words, photos.
MALAYSIA-CORRUPTION — Malaysian police say that they have filed new criminal charges against fugitive financier Low Taek Jho and four others over the multibillion-dollar looting of state investment fund 1MDB. SENT: 480 words.
PAKISTAN-ENERGY — Cash-strapped Pakistan should pursue clean energy instead of relying on coal, nuclear and hydroelectric power, according to a report released Wednesday urging the country’s policymakers to rethink plans for building more coal-fired plants. By Kathy Gannon. SENT: 320 words, photos.
INDIA-BRIBERY ALLEGATIONS — An Indian court has ruled that officials may hold a British man while they investigate him for alleged bribery in a canceled $670 million helicopter deal between India and an Italian defense company. By Ashok Sharma. SENT: 320 words, photos.
EUROPE-ITALIAN MOB — Hundreds of police in Germany, Italy, Belgium and the Netherlands arrested at least 84 suspected mobsters and seized around 2 million euros ($2.3 million) Wednesday in a series of coordinated raids targeting a powerful Italian organized crime syndicate. By Mike Corder. SENT: 520 words, photos.
MONEY & MARKETS SUMMARY:
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