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BC-APFN-Business News Digest

October 9, 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.

TOP STORIES:

GOOGLE-SHOWCASE — Google’s new Pixel phones mirror the industry trend moving the devices toward lusher, bigger screens and add new twists on the camera for taking better selfies and other pictures. By Anick Jesdanun and Michael Liedkte. SENT: 510 words, photos. UPCOMING: Will be updated from event.

JAPAN-SPACE X BILLIONAIRE — The Japanese online retail tycoon who plans to travel to the moon on the SpaceX rocket says he respects and trusts Elon Musk as a fellow entrepreneur, despite his recent troubles. “Twitter can get you into trouble,” Yusaku Maezawa, chief executive of Zozo Inc., said Tuesday at the Foreign Correspondents’ Club in Tokyo. “And that can be said of Elon Musk, too.” By Yuri Kageyama. Sent: 630 words, photos.

MARKETS & ECONOMY:

FINANCIAL MARKETS — Stock indexes turned higher in midday trading on Wall Street as technology companies and other sectors recovered some of the sharp losses caused by last week’s rapid rise in interest rates. By Marley Jay. SENT: 670 words, photos. UPCOMING: Will be updated through 5 p.m.

With:

IMF-WORLD ECONOMY — The International Monetary Fund is downgrading its outlook for the world economy, citing rising interest rates and growing tensions over trade. By Paul Wiseman. SENT: 350 words, linked photos.

CHINA-SINKING YUAN — China promises not to weaken its currency to boost exports during a tariff fight with Washington and rejected U.S. concern about the yuan’s sagging exchange rate as groundless and irresponsible. By Joe McDonald. SENT: 500 words, photos.

INDUSTRY:

TRUMP-ETHANOL — The Trump administration is moving to allow year-round sales of gasoline with higher blends of ethanol, a boon for Iowa and other farm states that have pushed for greater sales of the corn-based fuel. By Matthew Daly. SENT: 670 words, photos.

CONGRESS-FOREIGN LOBBYING — A push to give the Justice Department more enforcement authority over the lucrative and at times shadowy world of foreign lobbying is stalled amid opposition from pro-business groups, nonprofits and privacy advocates. By Richard Lardner. SENT: 1,200 words, photo.

NBA DIVERSITY-FRONT OFFICES — Job opportunity? Next step for NBA to improve its good marks in diversity is by hiring women in positions of power. By Teresa M. Walker. SENT: 890 words, photos.

STARBUCKS-BACKUP CARE — Starbucks’ U.S. employees have a new benefit: subsidized backup care for children and adults. SENT: 140 words.

SEARS-BOARD MEMBER — Sears Holdings Corp. is adding a restructuring expert to its board, raising the specter that the ailing retailer could be preparing for a reorganization filing in bankruptcy court. SENT: 130 words, photos.

TECHNOLOGY & MEDIA:

INDIA-EDITOR ARRESTED — A court in southern India released the chief editor of a prominent investigative magazine on Tuesday, hours after police arrested him on charges of publishing material that defamed the state governor. By Aijaz Hussain. SENT: 370 words.

BULGARIA-JOURNALIST KILLED — Bulgarian national radio reports that a suspect has been arrested in connection with the slaying of television reporter Viktoria Marinova, whose body was found dumped after she highlighted possible government corruption. By Teodora Barzakova. SENT: 520 words, photos.

PERSONAL FINANCE:

NERDWALLET-TRAVEL DEBT-FREE — It’s possible to travel in your 20s without taking on credit card debt. Make it happen by planning, minimizing costs, using your credit card rewards and working on the road. By Claire Tsosie. SENT: 850 words, photos.

INTERNATIONAL:

GERMANY-ECONOMY — German exports dropped in August over the previous month for the second month in a row in the latest disappointing news about Europe’s largest economy. SENT: 130 words.

BREXIT — German’s main industry association says political leaders need to make a major breakthrough at upcoming negotiations on ending Britain’s membership in the European Union. SENT: 120 words, photo.

BRITAIN-ECONOMY — The Bank of England has warned the European Union it is running short on time to mitigate disruption in trillions worth of complex financial contracts in the event Britain leaves the 28-nation bloc without a deal. SENT: 130 words.

MALAYSIA-ECONOMY — Malaysian Finance Minister Lim Guan Eng says the government plans to introduce new tax measures to help raise funds to pay off national debt that has snowballed due to corruption under the previous government. SENT: 520 words, photos.

FRANCE-UZBEKISTAN — Uzbekistan’s president has made his first trip to a European Union country, meeting with French leader Emmanuel Macron in Paris. SENT: 130 words, photos.

TURKEY-INFLATION — Turkey’s finance minister says several private sector firms have agreed to reduce their prices to support the government’s effort to bring down painfully high inflation. SENT: 130 words, photo.

NETHERLANDS-CLIMATE CHANGE — A Dutch appeals court upholds a landmark ruling that ordered the Dutch government to cut the country’s greenhouse gas emissions by at least 25 percent by 2020 from benchmark 1990 levels. By Mike Corder. SENT: 660 words, photos.

ALBANIA-CASINOS — Albania’s government says it will relocate all casinos and betting shops out of residential areas to curb their spread, especially in the capital Tirana. SENT: 130 words.

INDIA-PLANT FIRE — Nine people have died in a fiery explosion at a steel plant in central India. SENT: 140 words.

PAKISTAN-IMF — Pakistan’s currency plunged by about 7 percent on Tuesday after the government said it would seek emergency bailout loans from the International Monetary Fund. SENT: 120 words, photos.

MONEY & MARKETS SUMMARY:

SPOTLIGHT

PPG shares sank after the paints and coatings maker warned that weaker demand and higher costs will weigh on its third-quarter results.

CENTERPIECE

Rising housing costs bode well for apartment REITs

It’s a tough time for renters trying to make the leap to homeownership, and that bodes well for landlords.

Business News Supervisor Alexandra Olson (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.

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