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.
ELECTION 2018-FACEBOOK — Facebook said it blocked 115 accounts for suspected “coordinated inauthentic behavior” linked to foreign groups attempting to interfere in Tuesday’s U.S. midterm elections. By Kelvin Chan. SENT: 620 words, photos.
AMAZON HQ — New York is one of the finalists in Amazon’s search to build another headquarters, according to a person familiar with the talks. By Joseph Pisani and David Klepper. SENT: 330 words, photos.
CHINA-TRUMP TRADEMARKS — The Chinese government granted 18 trademarks to companies linked to U.S. President Donald Trump and his daughter Ivanka Trump over the last two months, Chinese public records show, raising concerns about conflicts of interest in the White House on the eve of national elections. By Erika Kinetz. SENT: 470 words, photos.
MARKETS & ECONOMY:
FINANCIAL MARKETS — U.S. stocks are rising as technology and industrial stocks recover some of the big losses they took over the last month. Companies including CVS Health and Booking Holdings, the parent company of Priceline.com, are rising after releasing strong third-quarter reports. Stocks have settled down in the last few days as traders wait for results from the midterm elections in the U.S. By Marley Jay. SENT: 760 words, photos. UPCOMING: Will be updated through 5 p.m.
CHINA-WORLD ECONOMY — Leaders of the World Bank, International Monetary Fund and other global financial organizations warn that trade tensions pose a growing risk for emerging economies. SENT: 320 words, photos.
JOB OPENINGS —The number of jobs posted by U.S. employers declined slightly in September but still exceeded the number of unemployed Americans and remained near a two-decade high. By Marcy Gordon. SENT: 470 word, photos.
CVS HEALTH-RESULTS — Lower taxes and a jump in prescriptions is helping push CVS Health past third-quarter expectations. By Tom Murphy. SENT: 460 words, photo.
JAPAN-EARNS-TOYOTA — Toyota Motor Corp. reported a 28 percent surge in its net profit in the last quarter, helped by growing sales in Europe, Asia and the Americas, and raised its earnings forecast for the full year. By Yuri Kageyama. SENT: 390 words, photos.
GENERAL MOTORS-INVESTIGATION — The U.S. government is investigating whether General Motors should expand a 2016 windshield wiper recall to include 1.7 million more SUVs. SENT: 150 words.
CHINA-TOILET EXPO-BILL GATES — Placing a jar of feces on a pedestal next to him, billionaire philanthropist Bill Gates made a plea Tuesday for the safe disposal of human waste as he kicked off a “Reinvented Toilet” Expo in China. By Mark Schiefelbein. SENT: 280 words, photos.
PRINGLES-THANKSGIVING CHIPS — Those who crave the tastes of Thanksgiving no longer have to wait for the meal to be cooked. SENT: 130 words.
GLOBAL TOURISM — A leading travel research firm is predicting there will be 1.4 billion trips made in 2018, up 5 percent from last year. SENT: 530 words, photos.
DUNCAN HINES-RECALL — Duncan Hines is recalling 2.4 million boxes of cake mix because of a link to salmonella. SENT: 140 words.
TECHNOLOGY & MEDIA:
RUSSIA-MESSENGER APPS — Tightening its control over popular anonymous chat apps, the Russian government has approved regulations that would identify users by their cellphone numbers. SENT: 260 words, photo.
BRITAIN-DATA PRIVACY — The U.K. data commissioner has fined a campaign backing Britain’s departure from the European Union and an insurance company founded by its millionaire backer a total of 135,000 pounds ($176,000) for breaches of data laws. By Danica Kirka. SENT: 460 words, photos.
CHINA-GAIT RECOGNITION — Chinese authorities have begun deploying a new surveillance tool: “gait recognition” software that uses people’s body shapes and how they walk to identify them, even when their faces are hidden from cameras. By Dake Kang. SENT: 700 words, photos.
EUROPE-DISNEY-FOX — European Union authorities say they have cleared Disney’s acquisition of Fox’s entertainment assets, provided Disney sells off some TV channels it controls in Europe to maintain competition. SENT: 140 words, photos.
NERDWALLET-RETIREMENT COLLEGE SAVINGS — Most financial planners advise that you never tap retirement savings to pay for your kid’s education. Yet about one-third of American parents say they plan to use retirement savings or “could use if needed.” If you’re among them, consider these drawbacks and other options before you do. By Kevin Voigt, NerdWallet, UPCOMING: 700 words by 11 a.m., photo.
IRAN-US — The “largest-ever” U.S. sanctions list targeting Iran drew mockery from Iranian officials for including mothballed Boeing 747s, a bank that closed years earlier and a sunken oil tanker that exploded off China months ago. By Nasser Karimi and Jon Gambrell. SENT: 680 words, photos.
ASIA-IRAN — Japan, South Korea and other major oil importers welcomed the decision by the Trump administration to let them continue to import Iranian crude oil and other petroleum products despite the re-imposition of sanctions on Tehran. By Tong-Hyung Kim. SENT: 730 words, photo. Incorporates IRAN-US.
BREXIT — British Prime Minister Theresa May said Tuesday that she wouldn’t agree upon a Brexit deal with the European Union “at any cost,” as the two sides remained deadlocked on the issue of the Irish border. By Jill Lawless. SENT: 360 words, photos.
BREXIT-FINANCIAL SERVICES — Britain’s financial regulator says about 1,300 firms from the rest of the European Union have expressed interest in a proposal that would smooth the transition for their businesses if the U.K. leaves the bloc without an exit deal. SENT: 140 words.
JAPAN-MALAYSIA — The leaders of Malaysia and Japan agreed Tuesday that Japan will issue yen-denominated bonds of up to 200 billion yen ($1.8 billion) to help the Southeast Asian country battle its large government debt. By Mari Yamaguchi. SENT: 310 words, photos.
SINGAPORE-MALAYSIA-1MDB SCANDAL — Leading Malaysian politician Anwar Ibrahim says a fugitive tycoon accused of ransacking a state investment fund will be given a fair trial, while hinting that more former officials could be tried on corruption charges. By Annabelle Liang. SENT: 350 words, photos.
GERMANY-ECONOMY — German factory orders edged up unexpectedly in September, pushed higher by demand from inside the country and elsewhere in the 19-nation eurozone. SENT: 130 words.
BRAZIL-BOLSONARO-ECONOMY — Key to Jair Bolsonaro’s recent election victory was the support of Brazil’s business community, which coalesced around him because he promised to overhaul Latin America’s largest economy and address its worrying budget deficit. But the president-elect has been stingy with the details, and many wonder if he’ll stick to his recent conversion to market-friendly reforms or if the dormant nationalist in him might reappear. By Sarah DiLorenzo. SENT: 1,050 words, photos.
MONEY & MARKETS SUMMARY:
What the doctor ordered
More prescriptions and lower taxes pushed CVS Health past third-quarter expectations as the pharmacy giant closed in on a deal it will use to change how millions of people manage their health.
McDonald’s has had 13 straight quarters of global same-store sales growth, a critical measure for retailers. But it could be tough to keep that string going, especially in the U.S.
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