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.
GOVERNMENT SHUTDOWN-SKEWED ECONOMIC DATA _ The partial shutdown of the U.S. government has begun to make it harder to assess the health of the economy by delaying or distorting key reports on growth, spending and hiring. By Christopher Rugaber. SENT: 870 words, photos.
FEDERAL SHUTDOWN-PERSONAL FINANCE _ There’s no end in sight to the partial federal shutdown and, more distressing to federal workers, no paycheck in sight either. Some experts weigh in with tips on how to cope. By Sarah Skidmore Sell. SENT: 1,050 words, photo.
GOVERNMENT SHUTDOWN-SUPERFUND SITES _ The government shutdown has suspended federal cleanups at Superfund sites around the nation and forced the cancellation of public hearings, deepening the mistrust and resentment of surrounding residents who feel people in power long ago abandoned them to live among the toxic residue of the country’s factories and mines. By Ellen Knickmeyer and Kim Chandler. SENT: 1,100 words, photos.
GADGET SHOW-SPYING GADGETS _ Many products unveiled at CES this week have a wow factor, but are they safe from a privacy standpoint? The AP looks at potential pitfalls with facial recognition, data collection and other practices. By Joseph Pisani, Matt O’Brien and Rachel Lerman. UPCOMING: 600 words by 2 p.m., photos.
POLAND-HUAWEI-CHINA-ESPIONAGE _ Poland’s Internal Security Agency has charged a Chinese manager at tech giant Huawei in Poland and one of its own former officers with espionage against Poland on behalf of China, Polish state television reported. By Vanessa Gera. SENT: 700 words, photos.
POLAND-HUAWEI-CHINA-ESPIONAGE-THE LATEST _ Running updates.
MARKETS & ECONOMY:
FINANCIAL MARKETS _ Stocks slipped as falling oil prices dragged down energy companies, but the S&P 500 remained on track to close out its third straight winning week following a brutal stretch in December. Bu Stan Choe. SENT: 720 words, photos. UPCOMING: Will be updated through 5 p.m.
CONSUMER PRICES _ Consumer prices slipped 0.1 percent last month, pulled down by sharply lower gas prices and cheaper air fares, used cars, and mobile phone plans. By Christopher Rugaber. SENT: 130 words, photos. UPCOMING: 130 words after release of report at 8:30 a.m. 350 words by 9:15 a.m.
FEDERAL RESERVE-TRANSCRIPTS _ Federal Reserve officials were worried about an adverse market reaction when they made their first tentative moves in 2013 to pull back on the massive support they had been providing to help the economy recover from the Great Recession. By Martin Crutsinger. SENT: 140 words.
TRUMP-VISAS _ President Donald Trump says changes are coming in the way that the U.S. handles temporary H1-B visas, which allow American companies to bring high-tech and other skilled workers into the U.S. from abroad. SENT: 130 words, photo.
BEER-NUTRITION LABELS _ Beer drinkers can’t claim blissful ignorance for much longer. Starting next month, packages of Bud Light will have prominent labels showing the beer’s calories and ingredients as well as the amount of fat, carbohydrates and protein in a serving. By Dee-Ann Durbin. SENT: 520 words, photos.
NEW ZEALAND-IKEA OPENING _ Swedish home furnishings giant Ikea announced plans on Friday to open its first New Zealand store. By Nick Perry. Sent 330 words, photos.
ONE CHAMPIONSHIP _ Once an afterthought among a slew of companies angling for a slice of the mixed martial arts marketplace, One Championship has come out swinging in the U.S., aiming to rival the industry’s top dog, UFC. By Dan Gelston. SENT: 950 words, photos.
TRUMP-BIRTH CONTROL-CALIFORNIA _ A U.S. judge will hear arguments over California’s attempt to block new rules by the Trump administration that would allow more employers to opt out of providing no-cost birth control to women. By Sudhin Thanawala. SENT: 320 words, photos. UPCOMING: Will be updated from hearing scheduled for 1 p.m.
MILAN FASHION WEEK _ o stay on trend, Italian fashion houses are refashioning themselves for future growth. Ermenegildo Zegna, which opens the menswear previews at Milan Fashion Week on Friday, made its first move to expand abroad with the Zegna Group’s summer acquisition of American brand Thom Browne. By Colleen Barry. SENT: 600 words, photos.
IRIDIUM LAUNCH _ SpaceX Falcon 9 rocket carrying 10 Iridium Communications satellites has blasted off from California. SENT: 130 words.
OIL PIPELINE-SETTLEMENT _ The developer of the Dakota Access oil pipeline has planted tens of thousands of trees and taken other steps to settle allegations that it violated North Dakota rules during construction, state regulators have concluded. By Blake Nicholson. SENT: 360 words.
JAPAN-GHOSN _ Nissan’s ex-chairman Carlos Ghosn is charged with breach of trust, according to the Tokyo District Court, making the star executive’s release unlikely for months to come. By Yuri Kageyama. SENT: 820 words, photos.
GENERAL MOTORS-FORECAST _ General Motors strengthened its pretax profit estimate for 2018 and predicted even stronger performance for 2019 as it executives made a presentation to investors. By Tom Krisher. SENT: 820 words, photo.
GERMANY-VOLKSWAGEN-SALES RECORD _ German automaker Volkswagen posted another annual sales record in 2018 as new SUV models boosted deliveries and the company managed to increase its share in China even as the car market there shrank for the first time in years. By David McHugh. SENT: 370 words, photos.
TECHNOLOGY & MEDIA:
ACTIVISION-BUNGIE-SPLIT _ Shares in video game publisher Activision fell more than 11 percent in morning trading Friday, a day after an announcement that its eight-year partnership with game developer Bungie was ending. SENT: 140 words.
GERMANY-HUFFPOST _ The German version of the news and views website HuffPost is shutting down after more than five years. SENT: 100 words.
MYANMAR-JOURNALISTS _ A court in Myanmar on Friday rejected the appeal of two Reuters journalists convicted of violating the country’s Official Secrets Act during their reporting on the country’s crackdown on Rohingya Muslims, maintaining the seven-year prison terms they were sentenced to last year. By Aung Naing Soe. SENT: 680 words, photos.
GOOGLE DATA CENTER-MINNESOTA _ Google is looking into building a $600 million data center in central Minnesota that would be powered by two wind farms. SENT: 140 words.
NERDWALLET-GOVERNMENT SHUTDOWN-MORTGAGES _ The partial federal government shutdown is complicating the already complicated process of getting and managing a mortgage. Here’s how the shutdown is affecting homebuyers and homeowners _ and what you can do about it. By NerdWallet columnist Holden Lewis. SENT: 1,100 words, photos.
CHINA-CORRUPTION _ More than 1,000 Chinese fugitives who fled abroad were returned to the country last year and more than $519 million in ill-gotten gains was recovered, the ruling Communist Party said Friday, in what it is seen as a further victory in President Xi Jinping’s years-long drive against corruption. SENT: 330 words.
BREXIT _ A European Union officials are working with Britain on ways to help Prime Minister Theresa May avoid a no-deal British departure from the bloc, although an EU leader insisted Friday that his helping hand won’t include any renegotiation of the Brexit divorce deal. By Raf Casert and Jill Lawless. SENT: 640 words, photos.
SPAIN-CATALONIA _ The Spanish government’s bid to pass a national budget is doomed unless it bends to the demands of Catalonia’s separatists for a referendum on secession, the leader of the wealthy northeastern region says. By Joseph Wilson. SENT: 700 words, photos.
RUSSIA-FOREIGN CURRENCY _ The Russian Finance Ministry says it will start buying foreign currency on the open market next week, five months after purchases were suspended to support the ruble. SENT: 130 words.
GERMANY-AIRPORT STRIKE _ A German labor union is calling on security staff at Frankfurt airport to go on strike next week in a dispute over pay. SENT: 200 words.
MONEY & MARKETS SUMMARY:
Shifting into higher gear
Shares in General Motors surged after the automaker predicted strong results for this year and said it doesn’t foresee any more job cuts through 2020.
Gadget makers zap guidance
Builders of smartphones and other electronic gadgets are facing a tough 2019 as demand wanes and economic uncertainties mount.
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