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BC-Business News Digest

August 17, 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 .


TESLA-MUSK — The electric car maker Tesla is at a crossroads, and its board of directors must decide where to go from here. CEO Elon Musk’s concession to the New York Times that the stress of his job is getting to him comes after Musk reportedly put the company in regulators’ crosshairs with a tweet about taking the company public. Yet Musk is the public face and driving force behind Tesla, and trying to lessen his role or get rid of him has its own pitfalls. By Tom Krisher.  UPCOMING: 900 words by 4 p.m. with fresh approach, photos.

EUROPE-DEBT WOES — Greece officially emerges from its bailout program on Monday, after eight years of cutbacks enforced in return for massive loans and an economic collapse on the scale of the Great Depression. The exit is a welcome milestone. But it offers little assurance that the 19-country euro currency union has left behind its problems with debt. The huge debt pile in Greece and an even bigger one in Italy will remain a lurking financial threat to Europe that could take a generation to defuse. By David McHugh. SENT: 1,000 words, photos.

TURKEY — A detained American pastor is becoming a symbol of a growing rift between Turkey and the United States, but problems in the Cold War-era alliance as well as Turkey’s own financial crisis are unlikely to dissipate even if he is released and Washington eases economic penalties. By Suzan Fraser. SENT: 800 words, photos.

With: TURKEY-ECONOMY — The Turkish currency falls again, breaking a three-day quiet spell in the country currency crisis, after the United States threatened to impose new sanctions on the NATO country. SENT: 300 words, photo.


FINANCIAL-MARKETS — U.S. stocks are slightly higher in midday trading as a dip in bond yields sends high-dividend companies upward and strong sales from Deere help industrial companies. By Marley Jay. SENT: 700 words, photos. UPCOMING: 700 words by 5 p.m.


TRUMP-CORPORATE REPORTING — President Donald Trump says he’s asking federal regulators to consider scrapping the requirement for public companies to report quarterly results, after business executives told him twice-yearly reports would make better economic sense. By Marcy Gordon. SENT: 300 words, photo.

BIRTH CONTROL APP — The condom, the pill and now, the smartphone? Natural Cycles, a mobile fertility app, this month becomes the first ever digital contraceptive device to win FDA marketing approval. By Kelvin Chan. SENT: 900 words, photos.

URANIUM LEAK-SOUTH CAROLINA — Federal regulators say Westinghouse Electric Co. has no plans to clean a plume of uranium under its nuclear fuel factory despite evidence it could reach South Carolina’s water supply. SENT: 450 words.


FILM-SUMMER COMEBACK — Have you noticed something oddly tranquil about this summer movie season? For the first time in recent memory, there hasn’t been a single big-budget bomb. By Film Writer Jake Coyle. SENT: 950 words, photos.

GOOGLE-CHINA-CENSORED SEARCH — More than a thousand Google employees sign a letter protesting the company’s secretive plan to build a search engine that would comply with Chinese censorship. SENT: 130 words, photo.


DENMARK-EARNS-MOLLER-MAERSK — Danish shipping group A.P. Moller-Maersk says it swung to a profit in the second quarter but cautioned about uncertainty related to global trade amid U.S. sanctions on major economies. SENT: 140 words.


FRANCE-AIR FRANCE — Air France-KLM names Benjamin Smith, formerly a top executive at Air Canada, as its new CEO, sparking union fears that he would cut back on wages and work conditions. SENT: 450 words, photos.

INDIA-MONSOON-FLOODING — Rescuers use helicopters and boats to evacuate thousands of people stranded on their rooftops following unprecedented flooding in the southern Indian state of Kerala that left more than 160 dead. SENT: 300 words, photos.



Nordstrom shares notched their biggest gain in more than four years after the upscale department store chain reported strong earnings growth for the second quarter and raised its profit outlook for the year.


Although Ford Motor Co. has said a $7 billion revamp is underway, a lack of specifics has perplexed analysts and sent the stock tumbling.

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.

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