BC-Business News Preview
Among the stories Monday from The Associated Press:
G20-TRUMP-XI — When President Donald Trump meets this week with his Chinese counterpart, Xi Jinping, at the Group of 20 summit in Argentina, the fate of global trade is on the agenda. Unless the two leaders can achieve a truce of sorts, the trade war between their two nations will likely escalate: On Jan. 1, the tariffs the Trump administration has imposed on many Chinese goods are set to escalate, and Beijing has vowed to respond in kind. Most analysts have said they doubt Trump and Xi will reach any overarching deal this week that would settle the dispute for good. The optimistic view is that the two sides may agree to a temporary cease-fire that would buy time for more substantive talks. By Paul Wiseman. UPCOMING: 900 words by noon, photo.
GENERAL MOTORS-RESTRUCTURING — General Motors is closing a Canadian plant at the cost of about 2,500 jobs, but that is apparently just a piece of a much broader, company-wide restructuring that will be announced as early as Monday. By Tom Krisher and Rob Gillies. SENT: 660 words, photo. Incorporates GENERAL MOTORS-PLANT CLOSURE.
NISSAN-GHOSN-MITSUBISHI — The board of Japanese automaker Mitsubishi Motors, which is allied with Renault and Nissan, vote to dismiss Carlos Ghosn as its chairman after his arrest last week, citing a lack of trust. By Yuri Kageyama. SENT: 410 words, photos.
JAPAN-AUTO ALLIANCES — he arrest of Nissan’s former chief executive Carlos Ghosn is raising serious questions about the future of the alliance among automakers Nissan, Renault and Mitsubishi Motors that he was so instrumental in forging. The Associated Press takes a look at historical alliances and why they folded. By Yuri Kageyama. UPCOMING.
Also moved previously:
NISSAN-RENAULT-CARLOS GHOSN UP CLOSE — A trailblazer and visionary in the auto industry, Carlos Ghosn is also a highflyer prone to excesses that may have helped bring on his surprise downfall as head of the world’s best-selling auto group. By Elaine Ganley. SENT: 1,100 words, photos. First sent in a previous cycle, has been updated with Ghosn’s dismissal as chairman of Mitsubishi.
IMPLANT FILES-BREAST IMPLANTS — When a medical device causes harm, the U.S. Food and Drug Administration is supposed to be notified so that it can take action to protect the public. But the agency’s public database of malfunctions, injuries and deaths suspected of being related to medical devices is so full of incomplete information that for a decade women believed the problems associated with breast implants had been resolved. They weren’t. By Meghan Hoyer. UPCOMING: 3,100 words by noon, photos. An abridged version of 1,000 words also is available. A joint investigation by The Associated Press and the International Consortium of Investigative Journalists.
MARKETS & ECONOMY:
FINANCIAL MARKETS — Stocks in the U.S. and Europe are rising as global markets recover some of their recent losses. SENT: 570 words, photos. UPCOMING: 700 words by 5 p.m.
AUTO SHOW-TESLA COMPETITION — In a renovated old cash register factory in suburban Detroit, 300 engineers are toiling away on an all-electric pickup truck and an SUV that they hope can take on Tesla. By Tom Krisher. SENT: 850 words.
TECHNOLOGY & MEDIA:
BRITAIN-FACEBOOK — Britain’s parliament has seized confidential Facebook documents from the developer of a now-defunct bikini photo searching app as it seeks answers from the social media company about its data protection policies. By Kelvin Chan. SENT: 400 words, photo.
SUPREME COURT-IPHONE APPS — Apple is at the Supreme Court to defend the way it sells apps for iPhones against claims by consumers that the company has unfairly monopolized the market. By Mark Sherman. SENT: 500-word setup. UPCOMING: Developing from 10 a.m. arguments, update expected late morning.
HOLIDAY SHOPPING-SUPREME COURT — Shoppers heading online to purchase holiday gifts will find they’re being charged sales tax at some websites where they weren’t before. The reason: the Supreme Court. By Jessica Gresko. SENT: 800 words, photo. First moved in a previous cycle.
NERDWALLET-LIZ WESTON-5 GUIDELINES-HOLIDAY TIPPING — Holiday tips are a way to thank the people who make your life easier. So why is it so hard to figure out whom to tip and how much? By Liz Weston, NerdWallet. UPCOMING: 780 words by 11 a.m., photo.
BREXIT — U.K. Prime Minister Theresa May was starting a frantic two-week race Monday to convince the British public, and a skeptical Parliament, to back the Brexit deal she has struck with the European Union. By Jill Lawless. SENT: 350 words, photo.
BREXIT-WHAT NEXT? — Britain and the European Union have signed their divorce papers, but that’s not the end of the 45-year relationship. It’s just the start of a British political battle over the separation. So what’s next? By Jill Lawless. SENT: 720 words, photos.
WORLD CUP-QATAR’S PREP — Four years out from hosting the 2022 FIFA World Cup, Qatar wants you to know it’s growing. It has the money, billions of dollars in fact, from its vast natural gas deposits. Navigating the political and cultural stakes the World Cup brings is another matter. By Will Graves. SENT: 2,200 words, photos. An abridged version of 900 words also is available.
GERMANY-ECONOMY — A closely watched survey is showing a slightly bigger-than-expected decline in German business confidence after the economy shrank in the third quarter. SENT: 140 words.
FRANCE-GAS PRICE PROTESTS —French President Emmanuel Macron’s government vowed Monday an “uncompromising” stance toward troublemakers who use protests over rising fuel taxes to damage businesses and clash with police — including in the heart of Paris, on the glittering Champs-Elysees. By Sylvie Corbet and Angela Charlton. SENT: 440 words, photos.
SPAIN-BANK TRIAL — Spain’s National Court is beginning a massive trial over alleged fraud in the stock market listing of Bankia, a financial giant that was bailed out during the country’s economic crisis. SENT: 140 words.