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.
CBD GOES MAINSTREAM _ Retailers are taking advantage of the booming industry even as its legal status and health benefits remain murky. And the flood of products is only testing how federal regulators can police it. By Anne D’Innocenzio. SENT: 990 words, photos, video.
CBD-MAINSTREAM-Q&A _ There is very little science behind most of the health claims made for CBD, the cannabis product turning up in cosmetics, foods and dietary supplements. A look at what we know as U.S. regulators work out what will and won’t be allowed. By Carla K. Johnson and Candice Choi. SENT: 1,040 words.
EUROPE-COPYRIGHT _ The European Union has approved a copyright rule that aims to give more protection to artists and news organizations but which critics say will stifle freedom of speech and online creativity and punish smaller web companies. Artists, celebrities and tech experts have spoken out both in favor and against the EU directive, which the 28 member states are required to adopt as law and got final approval from the European Council Monday. Here’s a look at key issues. By Kelvin Chan. SENT: 780 words, photos.
MARKETS & ECONOMY:
FINANCIAL MARKETS _U.S. stock indexes wavered in Monday morning trading, weighed down by losses for bank stocks. By Stan Choe. SENT: 620 words, photos. UPCOMING: Will be updated through 5 p.m.
EUROPE-US TRADE _ European Union countries have approved the conditions for negotiating a new and strictly limited trade deal with the United Sates, paving the way for talks to begin. By Lorne Cook. SENT: 440 words, photos.
GERMANY-VOLKSWAGEN _ German prosecutors have indicted former Volkswagen CEO Martin Winterkorn and four others on charges of fraud and unfair competition, saying he failed to prevent manipulation of engine software that let Volkswagen cars cheat on diesel emission tests. By David McHugh. SENT: 730 words, photos.
WASTE MANAGEMENT-ADVANCED DISPOSAL-ACQUISITION _ Waste Management is pushing into the eastern U.S. by paying $3 billion for its smaller rival, Advanced Disposal Services. SENT: 140 words, photos.
SAUDI-ARAMCO-SOUTH KOREA _ Saudi Aramco says it has reached an agreement to acquire a $1.25 billion stake in South Korean refiner Hyundai Oilbank that would provide Saudi Arabia’s state-run oil company with a dedicated outlet for its crude to South Korea. SENT: 140 words.
BEST BUY-CEO _ Hubert Joly, the CEO who revived Best Buy, plans to step down in June. By Damian J. Troise and Anne D’Innocenzio. SENT: 390 words.
TECHNOLOGY & MEDIA:
BRITAIN-PRIVACY _ Britain’s privacy regulator wants to stop kids from being able to “like” posts on Facebook and other social media sites as part of tough new rules it’s proposing to protect children’s online privacy. SENT: 330 words, photos.
RURAL BROADBAND-MAPS _ There is widespread agreement that expanding broadband internet in rural America is desperately needed. But the maps the federal government has been using to hand out cash to make it happen don’t accurately reflect how many people have access to high-speed service. By Anthony Izaguirre. SENT: 910 words, photos.
EARNS-GOLDMAN SACHS _ Goldman Sachs said its first quarter earnings fell by 21% from a year earlier, hurt by a slowdown in trading. SENT: 270 words, photos.
EARNS-CITIGROUP _ Banking conglomerate Citigroup said its first quarter profits rose by a relatively quiet 2% from a year earlier, as higher interest and investment banking revenues helped offset a decline in trading. SENT: 320 words, photos.
NERDWALLET-LIZ WESTON-TRAVEL REWARD MYTHS _ There’s definitely a learning curve involved when it comes to frequent traveler programs and credit cards, but the upside can be big if you love to travel. Don’t let these myths discourage you from taking advantage. By Liz Weston of NerdWallet. SENT: 840 words, photo.
BREXIT-CORPORATE DEALS _ Brexit may be causing all kinds of uncertainty in Britain but it doesn’t seem to be putting off foreign investors. In a survey of global corporate deal-making, consulting and accountancy firm EY says Britain is the number one investment destination in the world. The report published Monday says executives are trying to cope with change, particularly in technology, by acquiring companies. By Pan Pylas. SENT: 550 words, photos.
GERMANY-ECONOMY _ The German government is dismissing talk of a stimulus package for Europe’s biggest economy as growth slows amid international trade tensions and one-off factors at home. SENT: 130 words.
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