BC-Business News Digest
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.
JOBS REPORT-5 THINGS TO WATCH FOR — Another healthy picture of hiring is expected when the U.S. government issues its September jobs report Friday. Despite worries about the long-term effects of the Trump administration’s trade wars, employers have kept hiring at a brisk pace. Here are five things to watch for in the monthly employment report. By Christopher Rugaber. UPCOMING: 800 words by 3 p.m.
OFF THE CHARTS-SMALL CAPS — Investors favored smaller company stocks earlier this year, betting that their greater focus on the domestic market would insulate them from tariffs and other trade disruptions. Lately, though, the market has shrugged off trade worries while other trends, such as rising interest rates, are making smaller companies less attractive. By Alex Veiga. UPCOMING: 320 words by 2 p.m., photos, graphics.
FINANCIAL MARKETS — Global stocks slumped Thursday as a rise in interest rates in the U.S. rippled worldwide. The yields on the 10-year Treasury, a reference for rates on student loans, mortgages and other borrowing, is at a seven-year high. Rates are rising as the U.S. economy shows more signs of strength. Technology, internet and consumer stocks were among the biggest decliners in U.S. stock markets. By Marley Jay. SENT: 850 words, photos. UPCOMING: Will be updated through 5 p.m.
FINANCIAL MARKETS-INTEREST RATES-Q&A — Bond prices fell sharply in the U.S. this week, and global bond markets followed, taking stocks down with them. A look at the ripple effect and what it means for investors. By Stan Choe. UPCOMING: 700 words by 4 p.m., photos.
AP POLL-TEENS AND SOCIAL MEDIA — Teens and young adults say cyberbullying is a serious problem for people their age, but most don’t think they’ll be the ones targeted for digital abuse, according to a new poll. By Matt O’Brien and Barbara Ortutay. SENT: 1,080 words, photos.
TRUMP-REAL ESTATE-TAX OVERHAUL — Big real estate developers like Donald Trump have long benefited from a myriad of loopholes and breaks that can diminish their tax bills. Expanding their advantages, the federal tax overhaul that took effect this year handed real estate interests some additional benefits. By Marcy Gordon and Sarah Skidmore Sell. UPCOMING: 800 words by 3 p.m.
NORTH AMERICAN TRADE-CANADA — Canadians are relieved after reaching a free trade deal with the Trump administration, but Trump’s treatment of America’s closest ally has left a bitter taste. By Rob Gillies. SENT: 1,200 words, photos.
JAPAN-TSUKIJI — After years of delays Tokyo’s 80-year-old Tsukiji fish market is closing on Saturday to move to a more modern facility on reclaimed industrial land in Tokyo Bay. The new, 569 billion yen ($5 billion) facility at Toyosu will open on Oct. 11, over the objections of many working in Tsukiji who contend the new site is contaminated, inconvenient and unsafe. By Yuri Kageyama. SENT: 860 words, photos.
MARKETS & ECONOMY:
MORTGAGE RATES — Long-term U.S. mortgage rates edged slightly lower this week, taking a pause after five straight weeks of increases. SENT: 310 words, photos.
ALASKA OIL CHECKS-GOVERNOR’S RACE — Tension over changes to Alaska’s famed oil-wealth checks hangs over this year’s governor’s race, threatening Gov. Bill Walker’s chances for re-election. By Becky Bohrer. SENT: 1,020 words, photos.
JAPAN-TOYOTA-SOFTBANK — Japan’s No. 1 automaker Toyota Motor and technology giant SoftBank Group are setting up a joint venture to create mobility services in what they called a “united Japan” effort to face global competition. By Yuri Kageyama. SENT: 480 words, photos.
BRITAIN-CAR SALES — Industry figures show that car sales in Britain slumped by a fifth in September after the introduction of new emission tests. SENT: 140 words.
DUPONT-LOGO — Ahead of next year’s spinoff, the division that will retain the DuPont name has a new look. SENT: 130 words.
WOMEN’S SPORTS-REPORT — Male sports fans make up more than half of the group of people with an interest in women’s sports, according to a report published Thursday by analysts Nielsen Sports. By Pan Pylas. SENT: 420 words, photo.
SMALLBIZ-RISING RATES — Rising interest rates are already starting to bite into some small businesses’ bottom lines, and the effect is likely to get stronger as the Federal Reserve continues to raise rates amid the strong economy. By Stan Choe. SENT: 600 words, photos.
BEAM SUNTORY-CEO — The executive who guided classic American whiskeys Jim Beam and Maker’s Mark through the transition of being acquired by a Japanese company four years ago has announced he’ll step down as CEO of spirits company Beam Suntory next spring. SENT: 140 words.
NERDWALLET-HOME AFFORDABILITY-2Q — NerdWallet calculated home affordability for the 10 metro areas that had the most population growth. By Holden Lewis of NerdWallet. SENT: 900 words, photo.
TECHNOLOGY & MEDIA:
BLOCKCHAIN-INTERNATIONAL AID — The data technology that underpins virtual currencies like bitcoin is now also being used to deliver international aid more efficiently by dramatically lowering the risk of bribes and fraud by local officials — a huge, longstanding problem in the industry. By Rob Stevens. SENT: 1,020 words, photo.
NEW ZEALAND-PASSWORDS — Visitors to New Zealand can be fined 5,000 New Zealand dollars ($3,243) for refusing to provide passwords to unlock electronic devices and allow customs officials to examine them under a new law that a civil liberties group condemned as a grave invasion of privacy. SENT: 270 words, photo.
RUSSIA-CYBERATTACKS — The U.S. Justice Department charges seven Russian intelligence officers with hacking anti-doping agencies and other organizations hours after Western officials leveled new accusations against Moscow’s secretive GRU military spy agency. By Gregory Katz, Raphael Satter and Lorne Cook. SENT: 1,220 words, photos.
RUSSIA-CYBERATTACKS -THE LATEST — Running updates.
DENMARK-BANKING-RUSSIA — The United States government has opened a criminal investigation into the flow of dirty money through the Estonian branch of Denmark’s biggest bank, the lender said. By Jan M. Olsen. SENT: 260 words.
BREXIT —After the insults, the ultimatums, the red lines and accusations, the European Union and the U.K. have less than two weeks to really get down to business ahead of a crucial summit on their divorce.” By Raf Casert. SENT: 480 words, photos.
MALAYSIA-CORRUPTION — The wife of former Malaysian Prime Minister Najjib Razak pleads not guilty to laundering illegal proceeds linked to the graft scandal at the 1MDB state investment fund that led to her husband’s shocking electoral loss. By Eileen Ng and Vincent Thian. SENT: 800 words, photos.
GERMANY-FRANCE-ECONOMY — France’s finance minister is pressing Germany to move ahead with plans for economic reform in the European Union, warning that “we cannot wait any longer” and arguing that ordinary citizens’ patience is “exhausted.” SENT: 140 words.
GERMANY-WINE HARVEST — An industry group says German winemakers are on track for their biggest grape harvest in nearly 20 years after a long, hot summer that shriveled many other farmers’ crops. SENT: 140 words, photo.
INDIA-RUSSIA — Russian President Vladimir Putin arrived in India on Thursday for a two-day visit during which India is expected to sign a $5 billion deal to buy Russian S-400 air defense systems despite a new U.S. law ordering sanctions on any country trading with Russia’s defense and intelligence sectors. SENT: 370 words, photos.
MONEY & MARKETS SUMMARY:
Results worth a toast
Shares in Constellation Brands surged Thursday after the brewer of Corona beer raised its profit forecast for the year.
Why $15 matters
Amazon.com is boosting its minimum wage for all U.S. workers to $15, in a move that underscores the political and economic pressures facing employers in today’s labor market.
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