BC-APFN-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.
CBS-MOONVES-WATERSHED MOMENT? — Is Les Moonves’ departure from CBS a breakthrough for the #MeToo movement? While he is the most powerful CEO brought down yet by sexual misconduct allegations, CBS is facing a barrage of criticism for not pushing him out sooner, for thanking him in its announcement and for offering him a potential $120 million in severance. Others say his downfall still serves as warning that even the most powerful bosses cannot hide. By Alexandra Olson. UPCOMING: 800 words by 4 p.m.
CHINA-US-TARIFF FIGHT — Amid a worsening tariff battle, China is putting off accepting license applications from American companies in financial services and other industries until Washington makes progress toward a settlement, an official of a business group says. By Joe McDonald. SENT: 810 words, photos. UPCOMING: Will be updated.
TRADE-CHINA-US — The World Trade Organization says its dispute settlement body will take up China’s request to be allowed to impose sanctions against the United States for failing to abide by a WTO ruling on anti-dumping measures. SENT: 130 words.
CHINA-AUTO SALES — Chinese auto sales fell for a second month in August, adding to signs of economic malaise amid a worsening tariff battle with Washington. SENT: 380 words.
CHINA-NEW SILK ROAD — Chinese-financed railways and other projects in Africa and Asia are helping to reduce economic inequality between regions in the countries where they are built, a group of multinational researchers say. By Joe McDonald. SENT: 920 words, photos.
AMAZON-REAL CHRISTMAS TREES — Watch out for the 7-foot box on the doorstep. Amazon plans to sell and ship fresh, full-size Christmas trees this year. But a live tree is no paperback book. Amazon says the Christmas trees, including Douglas firs and Norfolk Island pines, will be bound and shipped without water in the usual sort of Amazon box. Amazon said they’ll be sent within 10 days of being cut down, possibly even sooner, and should survive the shipping just fine. By Joseph Pisani. UPCOMING: 330 words, photos.
FLORENCE-COMPANY IMPACT —Hurricanes almost always set off an orchestrated dance on Wall Street before they make landfall, with shares of property and casualty insurance companies dumped in favor of companies that sell construction supplies or portable generators. SENT: 630 words, photos.
MARKETS & ECONOMY:
FINANCIAL MARKETS — U.S. stocks are rising as technology companies and retailers rebound from their recent losses. By Marley Jay. SENT: 810 words, photos. UPCOMING: Will be updated through 5 p.m.
JOB OPENINGS — U.S. employers advertised the most jobs on record in July, and the proportion of workers quitting their jobs also hit a new all-time high. By Christopher Rugaber. SENT: 510 words, photos.
GERMANY-RYANAIR STRIKE — German unions are calling on Ryanair pilots and flight attendants in the country to stage a one-day strike on Wednesday, citing what they say is the lack of a satisfactory offer on pay and conditions. SENT: 320 words.
GERMANY-DEPARTMENT STORES — Germany’s two main department store chains are set to merge in a deal under which Canada-based Hudson’s Bay Co. will form a joint venture with Austria’s Signa. SENT: 130 words.
CALIFORNIA MARIJUANA-TESTING — Nearly 20 percent of marijuana products in California have failed tests for potency and purity since the state started requiring the checks on July 1, a failure rate some in the industry say has more to do with unrealistic standards and technical glitches than protecting consumer safety. By Michael R. Blood. SENT: 1,000 words, photos.
CONGRESS-HEALTH OVERHAUL — Arizona’s new Republican senator says he’d vote to repeal former President Barack Obama’s prized health care law, but GOP leaders still lack the votes to succeed despite years of trying to demolish it. By Alan Fram. SENT: 960 words, photo.
TECHNOLOGY & MEDIA:
APPLE SHOWCASE — Apple is expected to unveil its biggest and most expensive iPhone yet on Wednesday, along with two smaller, cheaper versions in an attempt to widen the product’s appeal amid slowing sales growth. By Michael Liedtke. UPCOMING: 300 words by 4 p.m., photos.
TESLA-COLORS — Tesla is dropping two of the seven standard colors it had offered to customers as it tries to streamline production. SENT: 450 words, photos.
SWEDEN-VOLVO IPO-TARIFFS — The CEO of Swedish automaker Volvo Cars, owned by China’s Geely holding company, says “the timing right now is not optimal” for an initial public offering, citing “an escalating trade war, tariffs and market volatility.” SENT: 130 words.
NERDWALLET-ASK BRIANNA-GUILT-FREE SPENDING — You can — and should — do things you love despite dealing with student loan debt. Keep your big expenses low, get serious about setting aside “fun” money, and pick activities that will bring you lasting joy. By NerdWallet columnist Brianna McGurran. SENT: 800 words, photos.
BREXIT — Britain’s Treasury chief said that striking a divorce deal with the European Union over the next two months is “doable,” while the boss of Jaguar Land Rover warned that tens of thousands of jobs could be lost if the country crashes out of the EU with no agreement. By Pan Pylas and Jill Lawless. SENT: 740 words, photos.
BRITAIN-BANK OF ENGLAND — The Bank of England’s Mark Carney agrees to extend his period as governor by six months until January 2020 in order to help out in the initial phases of Britain’s exit from the European Union. By Pan Pylas. SENT: 410 words, photos.
BRITAIN-ECONOMY — Household incomes in the U.K. picked up during the summer, a development that, if sustained, should shore up the British economy in the run-up to Brexit. By Pan Pylas. SENT: 420 words, photo.
BREXIT-CHOCOLATE — Hubert Weber, European chief of Mondelez International, says the company is stockpiling ingredients, chocolate and cookies as part of contingency plans for a disruptive “hard Brexit.” SENT: 140 words.
EUROPE-ECONOMY — A survey shows that optimism among investment professionals about Germany’s economy rose in September amid relief over a trade cease-fire between U.S. President Donald Trump and the European Union. SENT: 130 words.
SKOREA-DUMPLING AUTOMATION — Move over pot stickers, Korean dumplings are getting ready to go global with multimillion-dollar bet by South Korea’s largest food company. By Youkyung Lee. SENT: 500 words, photos.
SYRIA-EXPORT DEALS — Syrian state media says the nation’s Exporters’ Union on Monday signed agreements with Iraqi, Kuwaiti, and Russian companies to export agricultural products to their markets. SENT: 120 words.
SOUTH AFRICA-LAND REFORM — Relax. That’s the message South African President Cyril Ramaphosa has for anyone fretting about the nation’s plans for land reform, which drew a critical tweet from President Donald Trump last month. Ramaphosa says “land grabs” won’t be allowed and that land redistribution designed to address racial inequities will be orderly. By Christopher Torchia. SENT: 420 words.
MONEY & MARKETS SUMMARY:
Not a pleasant sound
Sonos shares slumped Tuesday after the wireless speaker company served up its first quarterly results as a publicly traded company.
China’s Africa ambitions
China is promoting trade with Africa that might help offset some losses in its worsening tariff battle with Washington. But African leaders fret about swollen trade deficits with China.
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