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BC-Business News Digest

May 21, 2019

Here are AP Business News’ latest coverage plans, top stories and promotable content. All times EST. For up-to-the minute information on AP’s coverage, visit Coverage Plan at newsroom.ap.org .

TOP STORIES:

CHINA-TRADE-HUAWEI _ The U.S. government says that the ban on selling technology to Huawei, the world’s biggest maker of mobile network gear and the No. 2 smartphone brand, will be delayed by 90 days. The founder of Huawei says the company has “supply backups” if it loses access to American components. By Frank Bajak and Joe McDonald. SENT: 800 words, photos.

EARNS-RETAILERS _ J.C. Penney and Kohl’s struggled during the start of the year, raising concern about the challenges for the department store industry ahead. By Anne D’Innocenzio. SENT: 630 words, photos.

Also:

EARNS-HOME DEPOT _ Home Depot is reporting better than expected profit and revenue for the first quarter despite a damp start to 2019. By Michelle Chapman. SENT: 310 words, photo.

NEW COKE-STRANGER THINGS _ Coca-Cola drinkers will get a chance to relive one of the company’s darker chapters as New Coke makes a comeback under a partnership with the Netflix drama “Stranger Things.” SENT: 300 words, photo.

BRITAIN-JAMIE OLIVER RESTAURANTS _ Celebrity chef Jamie Oliver’s British restaurant chain files for bankruptcy protection, partly due to increased competition and escalating rents in local commercial districts. By Danica Kirka and Jill Lawless. SENT: 420 words, photo.

MARKETS & ECONOMY:

FINANCIAL MARKETS _ U.S. stocks rally in morning trading on Wall Street after the U.S. government temporarily eased off its proposed restrictions on technology sales to Chinese companies. By Damian J. Troise. SENT: 480 words, photos. UPCOMING: Will be updated through 5 p.m.

HOME SALES _ U.S. home sales slipped 0.4% in April, as would-be homebuyers face affordability challenges and a limited supply of starter houses. By Josh Boak. SENT: 440 words, photo.

INDUSTRY:

AIRLINES-SUMMER TRAVEL _ The airline industry’s U.S. trade group is predicting another record for summer travel. SENT: 130 words.

GENERAL MOTORS-CAR SHARING _ Maven, General Motors’ car-sharing service, is being shut down in about half of the 17 North American markets it operates. SENT: 130 words.

SWEDEN-BURGER KING _ Burger King will launch in Sweden a version of its Impossible Whopper, the plant-based burgers that have attracted attention in the United States for resembling meat far more closely than traditional veggie burgers. SENT: 230 words, photo.

ITALY-ALITALIA _ Italy’s struggling airline Alitalia has canceled over 300 flights because of a 24-hour strike called to protest deteriorating conditions in the sector, including the government’s failure to relaunch the carrier. SENT: 130 words, photos.

REMOVING REACTORS _ Companies specializing in nuclear demolition and radioactive waste storage are buying up aging U.S. reactors and promising to decommission them in dramatically less time than their utility owners had planned — eight years instead of 60 in some cases. By Bob Salsberg. SENT: 1,260 words, photos.

PERSONAL FINANCE:

NERDWALLET-MILLENNIAL MONEY-REFRAME BUDGET _ Budgets feel rigid and restrictive for many people. But taking control of your money can be freeing if you treat it more like a plan than a punishment. Be proactive, focus on your goals and allow room for missteps. By Kelsey Sheehy of NerdWallet. SENT: 800 words, photo.

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.

The 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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