BC-Business News Digest
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.
RETAIL STORES-SALES _ Unemployment hasn’t been so low in years, wages are rising, consumer confidence is high and gasoline is cheap, all creating high expectations for department stores this holiday season. That’s not what investors got in sales numbers released Thursday. SENT: 510 words, photo.
_ RETAIL STORES-SALES-THE LATEST _ Running updates.
OFF THE CHARTS-EARNINGS PREVIEW _ Earnings reporting season is about to get underway, and Wall Street is expecting another quarter of big growth. But investors will likely pay little attention to a fifth straight quarter of double-digit gains. Instead, they want to hear what CEOs have to say about 2019 prospects. By Stan Choe. SENT: 500 words, photo.
GADGET SHOW-ROBOTS EVERYWHERE _ Robots are becoming increasingly useful in industrial and warehouse settings but have had a harder time finding roles in everyday life, with notable exceptions like robotic vacuum cleaners and consumer drones. But you wouldn’t know it from the array of walking, talking and ping-pong-playing robots at the CES gadget show in Las Vegas. By Matt O’Brien and Joseph Pisani. SENT: 780 words, photos.
GADGET SHOW-GROWING UP DIGITAL _ There’s a slew of new gadgets _ from artificially intelligent baby monitors to internet-connected breast bumps _ that are designed to make life a little bit easier for harried parents. But some come with trade-offs. Take the cute, furry Woobo, meant to be a real-life version of a child’s imaginary friend that can help set toothbrushing routines, but which raises questions about whether it’s a good idea for kids to befriend machines. By Matt O’Brien. UPCOMING: 600 words by 2 p.m., photos.
CHINA-TRADE _ The United States and China gave no indication of their next step after wrapping up talks aimed at resolving a tariff fight that threatens to chill global growth. By Joe McDonald and Paul Wiseman. SENT: 730 words, photos.
CHINA-FORCED LABOR _ A U.S. supplier of t-shirts and other team apparel to college bookstores cuts ties with a Chinese company that drew workers from an internment camp holding targeted members of ethnic minority groups. By Martha Mendoza and Yanan Wang. SENT: 660 words, photos.
MARKETS & ECONOMY:
FINANCIAL MARKETS _ After a shaky start, U.S. stocks are mostly higher at midday as industrial companies, utilities and household goods makers rise. The S&P 500 is on track for its fifth consecutive gain. By Marley Jay. SENT: 900 words, photos. UPCOMING: Will be updated through 5 p.m.
FEDERAL RESERVE-POWELL _ Federal Reserve Chairman Jerome Powell speaks to The Economic Club of Washington D.C. By Martin Crutsinger. UPCOMING: 130 words after program begins at 12:40 p.m. 400 words after 1:30 p.m.
MORTGAGE RATES _ U.S. long-term mortgage rates continued to fall this week, reaching their lowest levels in nine months. SENT: 340 words, photos.
COKE-CHINA _ A health group created and funded by Coca-Cola is undermining China’s efforts to keep obesity rates in check, according to a new paper. By Candice Choi. SENT: 730 words, photo.
NETHERLANDS-NIKE _ Tax arrangements between sneaker giant Nike and the Dutch government are being scrutinized by European Union competition regulators, the bloc’s executive Commission says. By Mike Corder. SENT: 260 words.
CALIFORNIA WILDFIRE-UTILITY _ A judge proposes that in order to prevent wildfires, Pacific Gas & Electric Co. should re-inspect its entire electric grid and cut off power during certain wind conditions regardless of the inconvenience to customers or loss of profit. By Sudhin Thanawala. SENT: 500 words, photos. First sent late Wednesday.
AMERICAN AIRLINES-OUTLOOK _ Airline stocks are falling as American Airlines says fourth-quarter revenue and full-year profit will be lighter than expected. SENT: 150 words.
OCEAN RESORT CASINO TAKEOVER _ Atlantic City’s Ocean Resort Casino is changing hands after just six months of operation, the latest indication that the New Jersey seaside resort may have bitten off more than it can chew when it reopened two shuttered casinos last summer. By Wayne Parry. SENT: 660 words.
EUROPE-AUTO WOES _The headwinds buffeting the global auto industry made themselves felt in Europe on Thursday as mass-market carmaker Ford and luxury-focused Jaguar Land Rover announced sweeping restructurings that will cost thousands of jobs. By David McHugh and Danica Kirka. SENT: 640 words, photos.
FIAT-CHRYSLER-SIESEL SETTLEMENT _ Fiat Chrysler will pay a $305 million fine to the U.S. government over emissions cheating allegations. By Michael Balsamo and Tom Krisher. SENT: 460 words.
TECHNOLOGY & MEDIA:
EUROPE-GOOGLE _ An adviser to Europe’s top court says Google doesn’t have to extend “right to be forgotten” rules to its search engines globally. SENT: 290 words, photo.
RUSSIA-BBC _ Russia’s media regulator says it’s checking if the BBC violated Russian law when it quoted the leader of the Islamic State group. SENT: 130 words.
HEALTH & MEDICINE:
DEMOCRATS-DRUG PRICES _ Challenging the Trump administration on a high-profile consumer issue, leading congressional liberals plan to unveil a package of bills designed to radically reduce what Americans pay for prescription drugs by linking prices to lower costs in other countries. By Ricardo Alonso-Zaldivar. SENT: 660 words, photos.
PELVIC MESH LAWSUITS _ Doctors who specialize in female pelvic medicine say lawsuits by four states, including Washington and California, over products used to treat pelvic floor disorders and incontinence might scare patients away from the best treatment options _ or maybe even push the products off the market. By Gene Johnson. SENT: 1,280 words, photos.
BREXIT-AVIATION _ The head of the leading association for airlines around the world has warned of possible disruptions to air travel if Britain crashes out of the European Union on March 29 without a deal. By Aya Batrawy. SENT: 370 words.
DAVOS FORUM _ Officials in Davos have authorized a protest by Socialist youth against U.S. President Donald Trump and other expected attendees of the annual World Economic Forum in the Swiss ski resort this month. SENT: 250 words.
GERMANY-AIRPORT STRIKE _ A one-day strike by security staff at three German airports is causing travel chaos for tens of thousands of travelers. SENT: 300 words, photos.
MONEY & MARKETS SUMMARY:
Turnaround in sight
Shares in Bed Bath & Beyond surged after the home goods retailer gave a more optimistic forecast, saying it expects earnings to start growing in 2020.
U.S. coffee drinkers want a more convenient caffeine fix, and Starbucks is adapting to try giving it to them.
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