BC-Business Features Digest
The Business News enterprise package planned through June 18. For comments or questions, call 212-621-1680.For questions about photos, call ext. 1900. For questions about graphics, call ext. 7636.
FEDERAL RESERVE-WAGE PUZZLE — Halfway through a news conference Wednesday, the head of the world’s most powerful central bank was asked a question weighing on the minds — and the checking accounts — of Americans everywhere: When will people finally start getting meaningful pay raises? Jerome Powell, the chairman of the Federal Reserve, had no satisfactory answer. By Josh Boak. SENT: Thursday, 830 words.
BATTLE FOR FOX-DEALS COMPARED — Competing bids from Comcast and Disney for the bulk of Twenty-First Century Fox come as the media landscape changes and companies get more involved in both creating and distributing content. Each bid raises different regulatory concerns, though this week’s approval of AT&T’s takeover of Time Warner signals that regulators might have a hard time stopping mega-mergers. Here’s how the companies would match up. By Mae Anderson. SENT: Thursday, 920 words, photos.
AMAZON TRUCKS — Amazon, which sells just about anything online, also hawks discounted beef, seafood and Panini presses from the back of trucks. The Treasure Truck, as it is called, is a quirky way for Amazon to connect with shoppers in person, further expand its physical presence and help promote itself. By Joseph Pisani. SENT: Thursday, 740 words, photos, video.
OF MUTUAL INTEREST-BOND RISKS — Index funds are surging in popularity due to their low costs and relatively good performance. But many bond index funds also carry an additional risk that investors should keep in mind as more dollars flow into the field: Many of the biggest are likely to be hurt more than other bond funds when interest rates rise. By Stan Choe. SENT: Thursday, 750 words.
FISHY BUSINESS — An Associated Press investigation finds that leading sustainable seafood distributor Sea To Table — who promised wild-caught, domestic fish traceable back to a dock — has been duping chefs across the U.S. By Robin McDowell, Margie Mason and Martha Mendoza. SENT: Thursday, 3,000 words, photos, video. An abridged version of 980 words also is available.
FACT CHECK-US-CANADA DAIRY — President Donald Trump has condemned Canada for its hefty tariffs on dairy imports — up to 270 percent. He’s correct — on the surface. But the U.S. imposes some monster tariffs of its own. Plus, American farmers are hardly cut off from the Canadian market: They ran a surplus with Canada last year, and dairy represents a tiny fraction of U.S.-Canada trade. By Paul Wiseman and Christopher Rugaber. SENT: Wednesday, 700 words.
FISHY BUSINESS — In a global seafood industry riddled with labor abuse and fraud, national distributor Sea To Table offered conscientious consumers fish that was fresh, local and always caught in the U.S. However, an AP investigation found that even this company was connected to some of the same practices it vowed to fight, with preliminary DNA tests suggesting a sample of fish came from the other side of the world. By Martha Mendoza, Robin McDowell and Margie Mason. SENT: Wednesday, 3,100 words. With photos, video and an abridged version of 900 words.
NERDWALLET-COLLEGE MONEY LESSON — More than two-thirds of college students at all levels said in a survey that they feel stressed about their personal finances. Learning some financial best practices and turning them into habits now can help ease money worries. By NerdWallet columnist Anne Helhoski. SENT: Thursday, 830 words, photos.
SMALLBIZ-SMALL TALK-FOOD TRUCKS — A food truck selling tacos or barbecue on downtown streets may seem easy or fun, but owners quickly learn to think strategically to succeed. The novelty of the vans and carts that became a culinary fad on downtown streets has worn off, and even new trucks may not draw a crowd. Many prospective restaurateurs now use trucks as test kitchens and advertising campaigns. And food truck operators without a grand design soon realize they need a Plan B, especially for the winter. By Joyce M. Rosenberg. SENT: Wednesday, 1,000 words, photos.
ON THE MONEY-CASH BACK APPS — Cash back is not just for credit cards. More apps and websites are offering ways to earn money on the stuff you buy -- as long as you’re willing to sign up and make a few taps or clicks. By Joseph Pisani. SENT: Wednesday, 550 words, photos.
TECHNOLOGY’S TRUST PARADOX — Technology giants like Facebook, Google and Amazon ask us to trust them with ever-more sensitive aspects of our lives, from our relationships to our private conversations. But there’s a catch: If they prove unworthy of that trust, the repercussions are scant and alternatives seem hard to find. By Anick Jesdanun and Ryan Nakashima. SENT: Monday, 920 words.
NET NEUTRALITY ROLLBACK — Consumers aren’t likely to see immediate changes following Monday’s formal repeal of Obama-era internet rules that had ensured equal treatment for all. Rather, any changes are likely to happen slowly, and companies will try to make sure that consumers are on board with the moves, experts say. By Mae Anderson. SENT: Monday, 700 words, photos.
TRUMP LAWYER-IMMIGRATION FIRM — AT&T and drug giant Novartis got nothing but bad publicity when they asked Donald Trump’s personal attorney Michael Cohen for help with business, but a Florida immigration firm that tapped him appears to have gotten nearly everything it wanted. By Bernard Condon. SENT: Monday, 1,150 words, photos.
TRUMP-FOREIGN FAVORS — Lawyers for Maryland and the District of Columbia accuse President Donald Trump in federal court of “profiting on an unprecedented scale” from foreign government interests using his Washington, D.C., hotel, but a Justice Department lawyer insists Trump isn’t breaking the law because he provided no favors in return. By Tami Abdollah and Stephen Braun. SENT: Monday, 700 words, photo.
NERDWALLET-LIZ WESTON-TAXES IN RETIREMENT — Your tax situation in retirement may be a lot more complicated than it is while you’re working. Your Social Security benefits, retirement plan withdrawals and other factors could affect how you are taxed in retirement. By NerdWallet columnist Liz Weston. SENT: Monday, 840 words, photos.