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BC-Business News Digest

September 7, 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:

ECONOMY-VITAL SIGNS — The U.S. economy is in its 10th year of growth with no sign of slowing as Friday’s jobs report showed. Employers are still confident enough to hire and are even raising wages a bit faster. Still, threats loom on the horizon: The Trump administration is threatening to ramp up its trade fights and interest rates are likely to keep rising, lifting borrowing costs for homebuyers. By Christopher Rugaber. UPCOMING: 900 words by 3:30 p.m.

With:

ECONOMY-JOBS REPORT — Hiring picked up in August as U.S. employers added a strong 201,000 jobs, a sign of confidence that consumers and businesses will keep spending despite the Trump administration’s conflicts with U.S. trading partners. By Christopher Rugaber. SENT: 1,020 words, photos.

With:

ECONOMY-JOBS REPORT-DEMOGRAPHICS-GLANCE — SENT: 260 words, photos.

ECONOMY-JOBS REPORT-INDUSTRIES-GLANCE — SENT: 210 words, photos.

TESLA-MOUNTING TROUBLES —Shares of electric car maker Tesla Inc. fell more than 6 percent early Friday after the CEO appeared to smoke marijuana during an interview and the company’s accounting chief left after a month on the job. By Tom Krisher. SENT: 440 words, photos. Includes US--Tesla-Accounting Chief and BC-US--Tesla-Stock.

GOOGLE AT 20 — Twenty years after Larry Page and Sergey Brin set out to organize all of the internet’s information, the search engine they named Google is now a dominating force in smartphones, online video, email, maps and much more. That resounding success now has regulators and lawmakers around the world questioning whether the company has become too powerful. By Michael Liedtke. SENT: 520 words, photos, video.

BRITAIN-BRITISH AIRWAYS HACK — Hackers obtained the credit card details of some 380,000 British Airways travelers during a two-week data breach this summer that leaves the customers vulnerable to financial fraud, the airline says. By Gregory Katz. SENT: 420 words, photos.

KAEPERNICK-NIKE AD — As Colin Kaepernick watched from the apparel giant’s headquarters in Oregon, Nike aired its highly anticipated ad featuring the quarterback known for his social protests during the NFL season opener Thursday night. By Rob Maaddi. SENT: 800 words, photos.

And:

NIKE-POLITICS AND SHOES — Nike is embracing activism and the cause of racial justice at a time when shoe companies can no longer avoid the political rancor that’s dividing the country more and more each day. By Jesse Holland. SENT: 130 words, with photos. UPCOMING: 800 words by 2 p.m.

MARKETS & ECONOMY:

FINANCIAL MARKETS —U.S. stock indexes churned on Friday, with high-dividend stocks falling and tech stocks rising, after a strong jobs report pushed investors to gird for higher interest rates. By Stan Choe. SENT: 820 words, photos. UPCOMING: Will be updated through 5 p.m.

TRUMP-CHINA-TRADE — President Donald Trump says he could “very soon” impose tariffs on an additional $200 billion in imports from China. SENT: 130 words.

INDUSTRY:

RICHARD DEVOS-SERVICES — A private funeral service has been scheduled for billionaire Richard DeVos, the co-founder of direct-selling giant Amway, owner of the NBA’s Orlando Magic and father-in-law of Education Secretary Betsy DeVos. SENT: 150 words, photos.

CHICAGO HOTELS-STRIKE — Workers are picketing outside several downtown Chicago hotels as housekeepers, servers, cooks and others participate in a strike as part of an effort to get better benefits. SENT: 140 words, photos.

REFINERY-NATIONAL PARK — North Dakota regulators are enlisting an administrative law judge to help untangle some of the legal questions surrounding whether an oil refinery can be built near Theodore Roosevelt National Park. By Blake Nicholson. SENT: 540 words, photos.

TECHNOLOGY & MEDIA:

AVATARS TEACH CHINESE — Researchers at Rensselaer Polytechnic Institute and IBM are developing a different way to teach Mandarin that relies on artificial intelligence and immersive scenes. By Michael Hill. SENT: 500 words, photos, video.

TWITTER-ALEX JONES — Twitter’s permanent ban of conspiracy-monger Alex Jones on Thursday again underscores the difficulty many social-media services face in trying to consistently apply their rules against harassment and other bad behavior. The platform took action against Jones and his Infowars show for “abusive behavior,” referencing videos posted Wednesday that showed him berating CNN journalist Oliver Darcy. Critics said it was unclear how it differed from other Jones’ tirades. By Barbara Ortutay and Ryan Nakashima. SENT: 750 words, photos, video.

VERIZON-ARMSTRONG DEPARTURE — The Wall Street Journal is reporting that Verizon’s media and advertising chief, Tim Armstrong, is in talks to leave. SENT: 140 words, photos.

INTERNATIONAL:

JAPAN-QUAKE-WEAK LINK — Japan’s ultramodern conveniences, its zippy bullet trains, automated ticketing systems and smart homes work just fine, until the power goes out. By Elaine Kurtenbach and Mari Yamaguchi. SENT: 830 words, photos.

RUSSIA-PENSIONS — Russia’s pension reform which has sent President Vladimir Putin’s approval ratings into a tailspin is going to hit hard some of the president’s core supporters. By Nataliya Vasilyeva. SENT: 1,030 words, photos.

GREECE — Thousands of police officers have been deployed to Greece’s second-largest city ahead of anti-austerity protests at a trade fair where Prime Minister Alexis Tsipras is set to outline his post-bailout economic policy platform. SENT: 130 words.

GERMANY-ECONOMY — German factory production slipped unexpectedly in July for the second month in a row but economists say there’s no reason to panic yet about Europe’s biggest economy. SENT: 130 words.

MONEY & MARKETS SUMMARY:

SPOTLIGHT

Tesla: Up in smoke

Tesla shares fell Friday after CEO Elon Musk appeared to smoke marijuana during an interview and the company’s accounting chief left after a month on the job.

CENTERPIECE

Battle of the robot cleaners

With competition among robotic vacuum cleaners growing intense, Roomba-maker, iRobot is trying to fortify its early lead by taking an aggressive approach to what it considers copycats of its circular home rover.

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 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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