BC-Business News Digest
Here are AP Business News’ latest coverage plans, top stories and promotable content. All times EDT. For up-to-the minute information on AP’s coverage, visit Coverage Plan at newsroom.ap.org.
US-CHINA TARIFFS-STATES — A Chinese company’s announcement two years ago that it would spend more than $1 billion and hire hundreds of workers for a paper mill on the outskirts of this central Arkansas town was seen as a much-needed shot in the arm for the region’s rural economy. But optimism has been giving way to concern in recent weeks amid President Donald Trump’s escalating trade dispute with China. The threat of a full-blown trade war has delayed the project further and prompted the state’s Republican governor to send his top economic development official to China to make sure it stays on track. It illustrates how U.S. states are trying to ease the sting of Trump’s threatened trade war by appealing directly to officials in China and other key trading countries. By Andrew DeMillo. SENT: 1,050 words, photos.
CHINA-TRADE — China’s exports to the United States rose by double digits in July, shrugging off President Donald Trump’s tariff hikes in a fight over technology policy. By Joe McDonald. SENT: 750 words, photos.
BACK-TO-SCHOOL-WHAT’S NEW — The microwave ate my homework? Reusable notebooks where writing disappears with heat are among the ways basic school supplies are raising their game against gadgets like iPads. Also hot in the paper aisle this year? Decorative tape, creative journals and scented pencils in smells like bacon and pickle. By Anne D’Innocenzio. SENT: 600 words, photos, video.
ON THE MONEY-NEW PAYMENT PLANS — Layaway plans with a twist are becoming more popular with people looking to buy clothes or a vacation. Startups like Affirm, After Pay and Uplift are working with stores like Urban Outfitters or travel companies like Expedia. They’re pitching the payment plans an alternative to traditional credit cards, especially for younger shoppers. By Anne D’Innocenzio. SENT: 660 words, photos.
SMALLBIZ-SMALLTALK-PRIVACY LAW — Many small businesses may need to comply with a California law requiring businesses to disclose what they do with customers’ personal information and giving consumers more control over how the data is used. The law, which takes effect in 2020, allows consumers to see the data a company has collected and who it has sold it to. Consumers can ask that their data be deleted. Companies may need to update their software to comply with the law, a cost that could run into the thousands of dollars. By Joyce M. Rosenberg. SENT: 930 words, photos.
MAKING ROBOTS SOCIAL — Personal home robots that can socialize with people are finally getting ready to roll out of the laboratory and into our living rooms and kitchens. But are humans ready to be their friends? By Matt O’Brien. SENT: 1,100 words, photos, video.
HOOKING KIDS ON TECH — Children’s advocates want the American Psychological Association to condemn the tech industry’s practice of using persuasive psychological techniques to keep kids glued to their screens. By Lindsey Tanner and Matt O’Brien. SENT: 940 words, photo.
TESLA — Board members at Tesla are evaluating CEO and Chairman Elon Musk’s $72 billion proposal to take the electric car and solar panel maker private. SENT: 480 words, photos.
MARKETS & ECONOMY:
FINANCIAL MARKETS — U.S. stocks are slightly lower Wednesday morning after a four-day winning streak brought the S&P 500 index to a six-month high. Energy companies are slipping along with oil prices. Wall Street is mainly focused on company earnings even after the U.S. said it will put new tariffs on $16 billion in imports from China. By Marley Jay. SENT: 680 words, photos. UPCOMING: Will be updated through 5 p.m.
EARNS-CVS HEALTH — CVS Health beat Wall Street expectations for the second-quarter, helped by rising prescription sales, though a nearly $4 billion charge from one of the company’s businesses led to a loss. By Tom Murphy. SENT: 550 words, photos.
CHINA-VACCINES — Investigators in China have begun recalling defective vaccines produced by a Chinese drugmaker from domestic and overseas markets, health authorities said. SENT: 270 words.
GERMANY-RYANAIR-STRIKE — Budget airline Ryanair says it is cancelling 400 of over 2,400 flights on Friday due to a strike by pilots in Ireland, Sweden, Belgium and Germany at the height of the vacation travel season. SENT: 140 words, photos.
SUPREME COURT-KAVANAUGH-REGULATIONS — Supreme Court nominee Brett Kavanaugh has expressed concern about federal agencies running amok, his rejection of environmental rules and other regulations reflecting a dim view of their aims. By Sudhin Thanawala. SENT: 1,200 words, photo.
ONLINE CHARTER SCHOOL — Ohio had authority to calculate a giant online charter school’s funding using student participation data rather than only enrollment, the state Supreme Court ruled in the latest blow to the now-dismantled e-school. By Kantele Franko and Julie Carr Smyth. SENT: 680 words, photos.
MADE IN USA SCHEME — The top executive of a one-time leading manufacturer of boots for the U.S. military has been sentenced in a “Made in USA” scheme. SENT: 150 words.
BABY EEL FISHING — A regulatory board decided that Maine’s baby eel fishery, the only one of its kind in the U.S. and one of the most lucrative fisheries in the country, will not be allowed to expand next year. By Patrick Whittle. SENT: 480 words, photos.
TECHNOLOGY & MEDIA:
AMAZON-WHOLE FOODS-PICKUP — Amazon, known for bringing items to shoppers, is adding a curbside pickup option at Whole Foods for Prime members. By Joseph Pisani. SENT: 230 words, photos.
SKOREA-SAMSUNG-INVESTMENT — Samsung Electronics plans to spend a whopping $22 billion over the next three years on artificial intelligence, auto components and other future businesses as the company maps out its strategy under the restored leadership of Vice Chairman Lee Jae-yong after he was freed from prison. By Youkyung Lee. SENT: 720 words, photos.
IRAN SANCTIONS-CYBER THREAT — Cybersecurity and intelligence experts warn that Tehran could launch cyberattacks against the U.S. to retaliate for re-imposed sanctions. By Deb Riechmann. SENT: 1,090 words, photo.
ITALY-IRAN-SANCTIONS — Italy’s premier says he recently asked U.S. President Donald Trump to share intelligence about Iran’s alleged nuclear program that has triggered fresh U.S. sanctions. By Trisha Thomas. SENT: 410 words, photos.
TV CRITICS WATCH — A rundown of top news from Television Critics Association panels, which will feature presentations Monday by NBC. By Lynn Elber. UPCOMING: 800 words.
BOOKS-CLINTON SALES — “The President is Missing,” a thriller co-written by Bill Clinton and James Patterson, is now a million seller. SENT: 280 words, photos.
SINCLAIR-TRIBUNE — The Sinclair broadcasting company says it’s in talks with Tribune Media on how to overcome regulatory hurdles to its $3.9 billion deal to buy 42 of Tribune’s TV stations. SENT: 240 words.
SOCIAL MEDIA-ALEX JONES — Twitter CEO Jack Dorsey defended his company’s decision not to ban right-wing conspiracy theorist Alex Jones and his “Infowars” show, as many other social media platforms have done, saying he did not break any rules. By Kelvin Chan. SENT: 470 words, photos.
CONGRESSMAN -STOCK INDICTMENT — Republican U.S. Rep. Christopher Collins of western New York state has been indicted on charges that he used inside information about a biotechnology company to make illicit stock trades. By Larry Neumeister. SENT: 570 words, photos.
US-BEHIND THE WHEEL-HATCHBACKS — Performance hatchbacks offer high performance and utility for a reasonable price. Edmunds explains why buying a car such as the Ford Focus ST, Honda Civic Si, Hyundai Veloster or Volkswagen Golf GTI makes sense. By Brent Romans of Edmunds. SENT: 850 words, photo.
AUSTRALIA-EUROPE — The European Union’s foreign policy chief, Federica Mogherini, says she wants a free trade agreement with Australia as soon as possible as an example against protectionism. By Rod McGuirk. SENT: 180 words, photos.
MALAYSIA-CORRUPTION — Former Malaysian Prime Minister Najib Razak pleads not guilty to three new money-laundering charges related to the alleged multibillion-dollar looting of a state investment fund that led to his stunning electoral defeat three months ago. SENT: 420 words, photos.
CHINA-TAIWAN — Beijing says it has eliminated the need for Taiwanese citizens to apply for permission to work in China, in its latest effort to woo the island’s skilled younger workers amid a diplomatic freeze. SENT: 340 words.
GERMANY-FOREIGN INVESTORS — The German government plans to tighten rules on foreign investments in some companies to lower the threshold at which it can consider blocking such plans. The move comes amid increasing concern about Chinese investors. SENT: 140 words.
ITALY-MIGRANT WORKERS — Hundreds of crop pickers and labor union activists have marched from a shanty town in southern Italy to protest what they say is the exploitation of migrant farmworkers. SENT: 140 words, photos.
MONEY & MARKETS SUMMARY:
Game, set, match!
Match Group, the parent of online dating services including Match.com and OkCupid, soared after it reported a stronger second quarter than analysts expected and a jump in subscribers.
Chipotle tries to churn “queso” into gold
Chipotle added the cheesy queso dip to its menu almost a year ago. Chipotle says customers adding queso to orders helped drive up sales 3.3 percent, but it hasn’t brought more customers into its restaurants.
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