AP NEWS
Related topics

BC-APFN-Business News Digest

December 20, 2018

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:

ALTRIA-JUUL — Altria, one of the world’s biggest tobacco companies, is spending nearly $13 billion to buy a huge stake in the vape company Juul as cigarette use continues to decline. By Michelle Chapman. SENT: 620 words, photos.

FEDERAL RESERVE-POWELL’S CHALLENGE — Jerome Powell sounded a note of humility Wednesday. The question for the Federal Reserve chairman is whether humility plays well with the financial markets. By Josh Boak. SENT: 900 words, photos.

And:

RISING RATES-CONSUMERS — The Fed has decided to raise its key interest rate once again, but what does that mean for you? It depends on whether you are saving money or borrowing it. Savers are getting another reason to smile while borrowers face higher costs ahead. By Sarah Skidmore Sell. SENT: 550 words, photos.

FACEBOOK-PROTECTING YOUR DATA — Facebook is under fire again, accused of sharing private messages and other user information with other companies. What can users do to protect their data without walking away from Facebook altogether? By Mae Anderson. SENT: 700 words, photos.

Also:

BANGLADESH-FACEBOOK — AP Exclusive: Facebook says it is shutting down a series of fake news sites spreading false information about the Bangladesh opposition days before national elections. By Julhas Alam. SENT: 940 words, photo.

BRITAIN-GATWICK AIRPORT DRONES— Thousands of passengers were delayed, diverted or stuck on planes as the only runway at Britain’s Gatwick Airport remained closed into a second day after drones were spotted over the airfield. By Gregory Katz. SENT: 710 words, photos.

With:

BRITAIN-GATWICK AIRPORT DRONES-THE LATEST — Running updates.

FINLAND-REINDEER TECH — Reindeer herders in northern Finland’s remote snow-covered forests are turning to tech to keep track of their flocks, fitting Rudolph and Co. with special collars and using a mobile apps to track their movements. The up-to-date location data is a valuable time and money saver for herders, who previously spent weeks searching for the animals in the sub-zero wilderness. By James Brooks. SENT: 630 words, photos.

IRAN-CARPETS — As the Trump administration works to unravel Iran’s 2015 nuclear deal with word powers, the producers of the country’s famed Persian carpets fear they will lose vital markets. By Amir Vahdat and Mohammad Nasiri. SENT: 780 words, photos.

MARKETS & ECONOMY:

FINANCIAL MARKETS — Stock prices are falling further on Wall Street, a day after another big plunge rocked markets around the world. By Marley Jay. SENT: 1,010 words, photo. UPCOMING: Will be updated through 5 p.m.

MORTGAGE RATES — U.S. long-term mortgage rates slipped this week, reflecting the stock market decline and rush by investors to Treasury notes. By Josh Boak. SENT: 210 words, photos.

MNUCHIN-FEDERAL RESERVE — Treasury Secretary Steven Mnuchin says that the negative market reaction following the Federal Reserve’s rate hike this week was “completely overblown.” By Martin Crutsinger. SENT: 120 words.

INDUSTRY:

AIRBUS-US — Airbus shares are sinking on a French news report that the U.S. Department of Justice has opened an official investigation into alleged corruption by the European plane-maker. SENT: 150 words, photos.

CHICKEN HAPPINESS — In recent years, the animal welfare world has moved beyond looking at how to minimize suffering to exploring whether animals can also enjoy their lives. Such measures may be considered irrelevant by companies but underscore a broader lack of consensus around the welfare of chickens, which are sometimes slaughtered as soon as five weeks after hatching. By Candice Choi. SENT: 850 words, photos, video.

SEXUAL MISCONDUCT-WEINSTEIN — Harvey Weinstein is due in court in New York City as his lawyers fight to get his sexual assault case dismissed. UPCOMING.

Also:

STEVE WYNN LAWSUIT — A Nevada judge hears former Steve Wynn’s bid to block release of Massachusetts Gaming Commission findings in an investigation of sexual misconduct allegations against the casino mogul as head of Wynn Resorts Ltd. Clark County District Court Judge Elizabeth Gonzalez could give the commission the OK to release its report prepared ahead of a decision whether Wynn Resorts will get a gambling license for a $2 billion casino and hotel scheduled to open near Boston next year. UPCOMING: Developing from noon hearing.

OIL TRAIN ACCIDENTS — The Trump administration miscalculated potential damages from train derailments when it canceled an Obama-era rule requiring the installation of more advanced brakes by railroads hauling explosive fuels, The Associated Press has found. By Matthew Brown. SENT: 840 words, photos.

USDA-FOOD STAMPS — The Trump administration is setting out to do what this year’s farm bill didn’t: tighten work requirements for millions of Americans who receive federal food assistance. By Juliet Linderman. SENT: 760 words, photo.

BRAZIL-BOEING — A Brazilian judge has for the second time in a month stalled a US$5.26 billion deal between airplane manufacturers Boeing and Embraer. SENT: 140 words.

AUTOS:

UBER-AUTONOMOUS VEHICLES — Uber is resuming autonomous vehicle tests in an area near downtown Pittsburgh, just more than nine months after one of its autonomous cars struck and killed a pedestrian in Arizona. SENT: 190 words, photo. UPCOMING: Will be updated.

JAPAN-NISSAN-GHOSN — A Japanese court denies prosecutors’ request to extend the detention of former Nissan chairman Carlos Ghosn, who has been charged with underreporting his pay. By Mari Yamaguchi. SENT: 700 words, photos.

RAM PICKUP INVESTIGATION — The U.S. National Highway Traffic Safety Administration is investigating complaints that the steering can fail on some Ram pickup trucks. SENT: 150 words, photo.

TECHNOLOGY & MEDIA:

BRITAIN-RUSSIAN BROADCASTER — Britain’s broadcasting regulator says Russian state-owned TV channel RT broke impartiality rules seven times after the poisoning of ex-spy Sergei Skripal. SENT: 150 words.

GERMANY-APPLE-QUALCOMM — A court in Germany has sided with chipmaker Qualcomm in a patent dispute with Apple that could see sales of older iPhone models halted. SENT: 230 words.

CHINA-ESPIONAGE — The Justice Department is charging two Chinese citizens with carrying out an extensive hacking campaign to steal data from U.S. companies. By Michael Balsamo and Eric Tucker. SENT: 320 words.

TWITTER-ABUSE — A report on Twitter by the human rights group Amnesty International is gaining traction and its shares are getting punished. SENT: 360 words, photos.

ADOBE-ONLINE SALES — In the run-up to Christmas, online shopping continues to be strong. Online sales are up nearly 18 percent to $110.6 billion from Nov. 1 through Wednesday compared to a year ago, according to Adobe Analytics, which tracks online spending. SENT: 140 words.

TATE PUBLISHING CHARGES — A father and son who ran an Oklahoma-based publishing company have agreed to pay back about $1 million to the thousands of writers and musicians they defrauded, according to the state’s attorney general. SENT: 330 words.

PERSONAL FINANCE:

NERDWALLET-MILLENNIAL MEDICAL DEBT — Adults in their late 20s and 30s face medical collections at a higher frequency than older Americans, a study finds, possibly due to lower incomes, lower insurance rates and insurance with high shared costs. Their median amount in medical collections was also higher, peaking at age 27 at $684. Figuring out how to pay medical debt can be challenging at any age — but there are ways to tackle it. By NerdWallet columnist Sean Pyles. SENT: 840 words, photos.

INTERNATIONAL:

BRITAIN-ECONOMY — Brexit uncertainties have “intensified considerably” since early November, the Bank of England said Thursday, as a leading automotive industry group warned of the possible loss of hundreds of thousands of jobs if the country crashes out of the European Union without a deal. By Pan Pylas. SENT: 710 words, photos.

With:

BREXIT — British lawmakers are heading off for a holiday break with visions of Brexit dancing in their heads, and a big decision to make. By Jill Lawless. SENT: 470 words, photos.

CHINA-TARIFFS — Chinese and U.S. envoys will hold talks in January aimed at resolving a tariff battle, a Ministry of Commerce spokesman said. SENT: 140 words.

CHINA-CANADA — The recent detention of a third Canadian in China differs from earlier ones that authorities allege involve security matters, a Chinese government spokeswoman says. SENT: 420 words, photos.

CHINA-FORCED LABOR — The Chinese government lashed out Thursday at recent U.S. media reports about forced labor of mostly ethnic Muslim detainees in China’s far western Xinjiang region. By Ken Moritsugu. SENT: 360 words, photos.

MEXICO-DOMESTIC WORKERS — Mexican society is re-examining the role of domestic workers and the working conditions for its mostly female labor force. Labor laws are set to improve for the workers under new President Andres Manuel Lopez Obrador, who took office Dec. 1. And the recent Netflix movie “Roma”, portraying Mexican family life both good and bad, has broken the awkward silence around the relationships. By Amy Guthrie. SENT: 1,400 words, photos.

RUSSIA-PUTIN — President Vladimir Putin hails another year of Russian economic growth after a previous period of stagnation. By Vladimir Isachenkov. SENT: 140 words, photos.

MIDEAST-GAS PIPELINE — The U.S. ambassador to Israel says the United States “wholly supports” plans for a pipeline that would transport east Mediterranean gas to Europe. By Isabel Debre. SENT: 490 words, photos.

FRANCE-ANGRY POLICE — The French government bowed to police demands for a salary boost and decades of unpaid overtime after police officers — stretched by containing violent yellow vest demonstrators and guarding against extremist attacks — staged their own protests, including at the main Paris airport. SENT: 340 words, photos.

JAPAN-WHALING — Japan is considering leaving the International Whaling Commission to resume commercial hunts, the Fisheries Agency said Thursday, after unsuccessfully campaigning for decades within the organization to gain support for the cause. By Mari Yamaguchi. SENT: 470 words, photos.

MONEY & MARKETS SUMMARY:

SPOTLIGHT

This bud’s for you

Shares in Tilray surged after the marijuana grower said it will develop marijuana-infused drinks in a partnership with Labatt Breweries.

CENTERPIECE

Little known no more

Huawei Technologies was once known as the biggest Chinese company no one ever heard of, but with it now at the center of the U.S.-China trade war, its days of anonymity are long gone.

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