BC-APFN-Business News Digest
Here are AP Business News’ latest coverage plans, top stories and promotable content. All times EDT.
SMALLBIZ-SMALLTALK-IF I COULD DO IT OVER — Small business owners often have things they wish they could do differently when they started their companies. Some say they were too cautious and should have hired help sooner. Others said they were working too hard, or fixated on things that weren’t that important. Some owners say they picked the wrong name. And some found they didn’t charge enough — and ended up not making enough money. By Joyce Rosenberg. SENT: 1,070 words, photos.
NOVARTIS-TRUMP LAWYER — Swiss pharmaceutical giant Novartis says its top lawyer is retiring over a deal to hire U.S. President Donald Trump’s personal lawyer, Michael Cohen, as a consultant. SENT: 420 words, photos.
TRUMP-INDONESIA-THEME PARK — A Chinese government-owned company has signed on to build a theme park in a vast development in Indonesia that also features a Trump hotel and condos, a deal that stands to benefit President Donald Trump’s company just as top Chinese envoys head to Washington for trade talks. By Bernard Condon and Jonathan Lemire. SENT: 590 words, photo.
UNITED STATES-CHINA — President Donald Trump says there has been “no folding” in his trade negotiations with China, as he addresses his efforts to help a Chinese telecommunications company that violated U.S. sanctions. SENT: 130 words.
ON THE MONEY-BRA SHOPPING ONLINE — Shopping for bras, particularly online, can be an exercise in frustration. Changing fashions and better fit tools on sellers’ websites are making it a bit easier. The recent popularity of bralettes and sports bras with less complicated sizing has made people feel more confident that what they buy online will fit when it gets to them. And some online startups use shopper surveys and other feedback to help find the right fit. By Anne D’Innocenzio. SENT: 640 words, photos.
EARNS-MACY’S — With customers in a mood to spend, particularly on clothing, Macy’s surpassed all profit and revenue expectations for the first quarter of the year and raising its outlook. By Michelle Chapman and Anne D’Innocenzio. SENT: 700 words, photos.
MARKETS & ECONOMY:
FINANCIAL MARKETS — U.S. stock indexes edged mostly higher in afternoon trading as gains in health care companies and retailers outweigh losses in banks and utilities. By Alex Veiga. SENT: 570 words, photos. UPCOMING: Will be updated through 5 p.m.
BRITAIN-BANKER-SEXIST REMARK — One of Britain’s top central bankers apologized Wednesday for saying the British economy is entering a “menopausal” moment, a sexist remark that prompted widespread criticism. By Pan Pylas. SENT: 440 words, photos.
INDUSTRIAL PRODUCTION — U.S. factories cranked out more appliances, computers and aircraft last month, lifting manufacturing production for only the second time in five months. By Christopher Rugaber. SENT: 330 words, photo.
HOME CONSTRUCTION — U.S. builders broke ground on fewer apartment buildings last month, pushing overall home construction down 3.7 percent from March. By Paul Wiseman. SENT: 330 words, photos.
WALMART-LORD & TAYLOR — Walmart, long known for its “everyday low prices” mantra and as a place for basics, unveils Lord & Taylor store on its online site, part of a broader move to appeal to higher-income shoppers. By Anne D’Innocenzio. SENT: 440 words.
GREENPEACE-SINARMAS — Greenpeace has ended a five-year truce with one of the world’s largest paper companies, accusing it of cutting down tropical forests in Indonesia during the entire time the two were cooperating on conservation. By Stephen Wright. SENT: 970 words, photo.
SPORTS BETTING-TRIBES — American Indian tribes are welcoming an opportunity to offer sports betting in potentially hundreds of casinos across the country after the U.S. Supreme Court cleared the way for states to legalize it. Tribal casinos, authorized under the federal Indian Gaming Regulatory Act, generate more than $31 billion a year in gross revenue. By Felicia Fonseca. SENT: 740 words, photos.
BILL GATES-STATE SCHOOL PLANS — Billionaire philanthropist Bill Gates saw an opportunity with a new federal education law that has widespread repercussions for American classrooms. By Sally Ho. SENT: 1,250 words, photos.
PET LEASING — How much is that maltipoo in the window? It could end up costing twice what it says on the price tag if the buyer is enticed into signing a pet leasing contract. By Mary Esch. SENT: 760 words, photos.
PANTHERS-SALE — The Carolina Panthers says they’ve signed an agreement to sell the team to David Tepper. Tepper is the founder and president of global hedge fund Appaloosa Management. By Steve Reed. SENT: 780 words, photos.
MINING POLLUTION — Environmental groups are challenging the Trump administration’s rejection of an Obama-era rule that would have required mining companies to prove they have enough money to clean up pollution. By Matthew Brown. SENT: 140 words, photos.
ATLANTIC COAST PIPELINE — Environmental groups and the Dominion Energy are at odds over what happens now that a federal appeals court has vacated a key permit for the multistate Atlantic Coast Pipeline project. By Sarah Rankin. SENT: 550 words.
TECHNOLOGY & MEDIA:
AMAZON-WHOLE FOODS-PRIME — It’s Prime time at Whole Foods: Amazon is rolling out discounts for Prime members at the organic grocer. By Joseph Pisani. SENT: 350 words, photos.
DELAWARE CBS LAWSUIT — A judge hears arguments on a request by CBS Corp. for a restraining order to prevent controlling shareholder National Amusements, led by the daughter of media mogul Sumner Redstone, from taking any action to thwart a CBS board vote to dilute National Amusements’ voting interest. Their request comes amid reports that Shari Redstone is pressuring CBS to merge with Viacom Inc., also controlled by National Amusements. UPCOMING, timing uncertain.
CHINA-SEXUAL MISCONDUCT — The Los Angeles Times suspended the head of its Beijing bureau Wednesday after he was accused of sexual misconduct for a second time. By Yanan Wang. SENT: 510 words, photo.
ROYAL WEDDING-MEDIA FRENZY — Like most everyone else with a taste for fairytales, Germans love the spectacle of a royal wedding. But since the country’s last emperor, Wilhelm II, was forced to abdicate in 1918, the people of Germany haven’t had a monarchy of their own to fuss over and so have adopted Britain’s royals as surrogates. By Kirsten Grieshaber. SENT: 540 words, photos.
CONGRESS-NET NEUTRALITY — The Senate is poised to approve legislation designed to reverse the Federal Communications Commission’s effort to deregulate the internet. By Kevin Freking. SENT: 140 words.
EUROPE-FACEBOOK — Facebook CEO Mark Zuckerberg is expected to speak with leaders of the European parliament next week about the data protection scandal that has engulfed his company — but might avoid a public testimony like the one he endured in the U.S. By Raf Casert. SENT: 540 words, photos.
BEHIND THE WHEEL-SEMI-AUTONOMOUS DRIVING — Self-driving cars aren’t here yet, but Edmunds takes a look at some 2018 cars that have sophisticated semi-autonomous systems. By Jason Kavanagh. SENT: 840 words, photos.
HEALTH & MEDICINE:
BREAST CANCER-SHORTER TREATMENT, HFR — Many women with a common and aggressive form of breast cancer can get by with much shorter use of a drug that can harm their hearts, a new study finds. By Marilynn Marchione. UPCOMING: 500 words for release at 5 p.m., photo.
LUNG CANCER SCREENING, HFR — Lung cancer screening has proved to be shockingly unpopular. Five years after government and private insurers started paying for it, very few eligible current and former smokers have had free scans shown to lower their risk of dying of the disease. By Marilynn Marchione. UPCOMING: 600 words for release at 5 p.m., photo.
JAPAN-ECONOMY — Japan’s longest straight period of expansion in nearly three decades ended in the first quarter of this year as the economy shrank at an annualized rate of 0.6 percent. By Yuri Kageyama. SENT: 460 words, photo.
JAPAN-ENERGY — Japan’s government proposed an energy plan Wednesday that sets ambitious targets for nuclear energy use in the coming decade despite challenges after the 2011 Fukushima disaster. By Mari Yamaguchi. SENT: 450 words.
MALAYSIA-POLITICS — New Malaysian Prime Minister Mahathir Mohamad says his government will seek to retrieve billions of dollars from a state investment fund believed to have been laundered in the United States, Switzerland and several other countries. By Eileen Ng. SENT: 560 words, photos.
JAPAN-ENERGY — Japan’s government has proposed an energy plan that sets ambitious targets for nuclear energy use in the coming decade despite challenges after the 2011 Fukushima disaster. By Mari Yamaguchi. SENT: 320 words.
MONEY & MARKETS SUMMARY:
Zoetis fetches Abaxis
Animal health company Zoetis is spending close to $2 billion to buy Abaxis, a San Francisco Bay Area-based maker of blood testing equipment used by doctors and veterinarians.
Marriott’s steady climb
Investors have rewarded hotel giant Marriott for its steady growth, including its 2016 acquisition of Starwood Hotels. But CEO Arne Sorensen has acknowledged that pipeline growth is slowing.
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