BC-Business News Digest
BC-Business News Digest
Aug. 03, 2018
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.
ECONOMY-JOBS REPORT — The low unemployment rate is forcing companies to look harder for workers, and in some cases they are finding them right at their own workplaces. Businesses are adding more hours for part-timers and converting freelancers to full-time workers. Americans with fewer skills are also benefiting: The unemployment rate for those without a high-school degree has hit a record low. By Christopher Rugaber. UPCOMING: 800 words by 3:30 p.m.
— ECONOMY-JOBS REPORT-DEMOGRAPHICS-GLANCE
BOOMING ECONOMY-IMMIGRATION — The number of job openings is exceeding the number of Americans seeking jobs, leaving some employers looking beyond the border to fill openings. By Colleen Long. SENT: 1,000 words, photos.
US-CHINA TARIFFS — China's government has announced a $60 billion list of U.S. goods including coffee, honey and industrial chemicals for retaliation if Washington goes ahead with its latest tariff threat. By Joe McDonald. SENT: 730 words, photos.
— TRADE GAP — The U.S. trade deficit widened in June for the first time in four months as exports fell and imports grew. Politically sensitive trade gaps with China, Mexico and Canada all increased. By Paul Wiseman. SENT: 330 words, photo.
FLORIDA KEYS LOBSTER-TARIFFS — Just as they prepare for a crucial harvest in the wake of Hurricane Irma, lobster fisherman in the Florida Keys fear a trade war with China could undermine storm recovery in the island chain. By Jennifer Kay. SENT: 750 words, photos.
MARKETS-HIGH-FLYING PROFITS — Investors came into this earnings season with high expectations. They weren't high enough. Companies in the S&P 500 are on track to deliver earnings-per-share growth of 24 percent for the second quarter. When the quarter started in April, Wall Street was expecting a 19 percent jump. By Stan Choe. SENT: 340 words, photos.
FINANCIAL MARKETS — U.S. stocks are mostly higher after the Labor Department said hiring remained solid in July. Retailers are making some of the largest gains while industrial and technology companies are slightly lower. There was little immediate reaction to China's threat to put tariffs on $60 billion in American goods. By Marley Jay. SENT: 590 words, photos. UPCOMING: Will be updated through 5 p.m.
TRUMP-MILEAGE STANDARDS — The Trump administration's push to freeze Obama-era fuel economy requirements at 2020 levels has left the auto industry in a holding pattern. Automakers don't know what standards they'll have to meet starting in 2021. Most are proceeding as if nothing will change, continuing to develop more efficient vehicles. But they're also hoping to be involved in negotiations on final requirements. By Tom Krisher. UPCOMING: 600 words by 4 p.m.
BRITAIN-AMAZON-TAX — Amazon is facing criticism after its British tax bill fell to a mere 1.7 million pounds ($2.2 million) despite a big jump in sales and profits. SENT: 320 words, photo.
MARKETS & ECONOMY:
ECONOMY-SERVICES —U.S. services companies grew at a slower pace in July as business activity and new orders slipped. By Josh Boak. SENT: 210 words.
JAPAN-EARNS-TOYOTA — Toyota Motor Corp. logged a better than expected performance in the last quarter, reporting Friday that its quarterly profit jumped 7.2 percent to a record 657.3 billion yen ($5.9 billion), thanks to strong sales in the U.S. and other overseas markets. SENT: 430 words, photo.
EARNS-BERKSHIRE HATHAWAY — Warren Buffett's conglomerate reports quarterly results. UPCOMING: 250 words after release of report at about 4 p.m.
BRITAIN-EARNS-RBS — The Royal Bank of Scotland announced a steep fall in second-quarter profit after being hit by a big charge from U.S. authorities over past misdeeds. SENT: 230 words, photo.
NETHERLANDS-CHINA-BEER — Heineken, the world's second-largest brewer, has struck a deal to expand in China, the world's biggest beer market. SENT: 180 words, photo.
NEVADA MARIJUANA-FIRST YEAR — Nevada regulators and industry insiders say the state's first year of broad marijuana legalization has exceeded even their highest expectations, with sales and tax collections already surpassing year-end projections by 25 percent. By Scott Sonner. SENT: 1,000 words, photos.
WALMART-ROBOT — Walmart is testing automated carts that retrieve bins of groceries from storage as it tries to speed up the process of packaging online orders to send out or bringing to customers at their cars. SENT: 140 words.
COMMERCIAL SPACE-ASTRONAUTS — NASA has assigned the astronauts who will ride the first commercial capsules into orbit next year and bring human launches back to the U.S. By Marcia Dunn. SENT: 140 words, photos.
HOG SMELLS-LAWSUITS — A federal jury decided Friday that the world's largest pork producer should pay $473.5 million to neighbors of three North Carolina industrial-scale hog farms for unreasonable nuisances they suffered from odors, flies and rumbling trucks. By Alex Derosier and Emery P. Dalesio. SENT: 710 words, photos.
MEXICO AIRLINER ACCIDENT-LAWSUIT — A suburban Chicago man who was one of more than 100 survivors of a jet crash in Mexico this week is suing the airline. SENT: 140 words.
TECHNOLOGY & MEDIA:
2018 MIDTERMS-CYBERSECURITY — With the midterm elections just three months away, campaigns are largely on their own in the increasingly challenging task of protecting sensitive information and countering false or misleading content on social media. By Steve Peoples and Christina A. Cassidy. SENT: 1,180 words, photo.
SEXUAL MISCONDUCT-HARVEY WEINSTEIN — Harvey Weinstein's lawyers want a New York court to throw out sexual assault charges against him. SENT: 670 words, photos.
BREXIT — The value of the pound fell Friday after Bank of England Governor Mark Carney said the risk of Britain leaving the European Union without a deal is "uncomfortably high." By Jill Lawless. SENT: 340 words, photo.
MONEY & MARKETS SUMMARY:
Breakfast of champions
Shares of Post Holdings notched their biggest gain in two-and-a-half years after the St. Louis-based maker of Cocoa Pebbles and Raisin Bran cereal reported higher earnings and unveiled a plan to spin off its private brands business.
Amazon now delivering profits
Once known as a company that brought in lots of revenue but very little profit, Amazon.com's quarterly earnings have now shot past $2 billion thanks to its cloud computing business Amazon Web Services.
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