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.
BOEING-ETHIOPIA-PLANE CRASH _ The crew of the Ethiopian Airlines jet that crashed six minutes after takeoff last month performed all procedures recommended by Boeing when the plane started to nose dive but could not save it, according to findings from a preliminary report by Ethiopia’s government. By Elias Meseret. SENT: 850 words, photos. UPCOMING: Will be updated.
JAPAN-NISSAN-GHOSN _ Nissan’s former Chairman Carlos Ghosn was arrested for a fourth time by Tokyo prosecutors investigating him for alleged financial misconduct while leading the Japanese automaker. By Yuri Kageyama. SENT: 770 words, photos.
VIDEO GAMES-NEW WAYS TO PLAY _ There was a time you paid $60 or more upfront to own and play “Grand Theft Auto” or “Madden” to your heart’s content. Now, game companies are enticing players with continual updates to get them to pay regularly over time. The success of “Fortnite” shows that this model works beyond casual games such as “Candy Crush.” By Mae Anderson. SENT: 850 words, photos.
BREXIT _The British government and senior opposition figures are meeting in search of a new plan on how the country leaves the European Union. By Jill Lawless and Gregory Katz. SENT: 800 words, photos.
_ BREXIT-WHAT NEXT _ Britain’s search for an elusive Brexit solution continues. A look at what might happen next. By Jill Lawless. SENT: 770 words, photos.
GERMANY-ECONOMY _ German research institutes slash growth forecast for the country and say it could get worse if Britain leaves the European Union without a deal. By David Rising. SENT: 350 words, photo.
TESLA-SEC-HEARING _ A federal judge hears oral arguments Thursday about whether Tesla CEO Elon Musk should be held in contempt of court for violating an agreement with security regulators. Meanwhile, Tesla shares fall sharply as production and car deliveries slow in first quarter. By Cathy Bussewitz. SENT: 180 words, photo. UPCOMING: Will be updated from hearing, scheduled for 2 p.m.
MARKETS & ECONOMY:
FINANCIAL MARKETS-IPOS-WHAT TO KNOW _ We use Uber to go places, Slack to chat with co-workers and Pinterest to save our favorite ideas. Why not own a piece of these companies that increasingly dominate our daily lives? That’s the question for many regular investors as a parade of well-known technology companies go public. The mantra of “invest in what you know” is key. By Stan Choe. SENT: 950 words, photos.
FINANCIAL MARKETS _ U.S. stocks move broadly higher on Wall Street in early trading, led by media and internet companies. By Damian J. Troise. SENT: 420 words, photos. UPCOMING: Will be updated through trading, about 700 words by 5 p.m.
OFF THE CHARTS-SHARE BUYBACKS _ U.S. corporations spent a record amount buying back their own shares last year, using 2017′s tax-cut windfall to reward shareholders rather than to invest or expand their businesses. By Damian J. Troise. SENT: 330 words.
UNEMPLOYMENT BENEFITS _ The number of people seeking U.S. unemployment benefits fell to its lowest level since late 1969, a sign that employers are holding onto their workers despite signs of a slowing economy. By Christopher Rugaber. SENT: 130 words. UPCOMING: Will be updated.
MORTGAGE RATES _ Freddie Mac reports on this week’s average U.S. mortgage rates. UPCOMING: 130 words after release of report at 10 a.m. 300 words by 10:45 a.m.
SEARS-NEW SMALLER STORES _ After its journey through bankruptcy, Sears is getting ready to open its first batch of smaller stores focusing on appliances, mattresses and home services. By Anne D’Innocenzio. SENT: 350 words, photo.
CVS-SAME-DAY DELIVERIES _ CVS Health is expanding same-day prescription deliveries nationwide in the latest push by drugstores to keep customers who don’t want to wait and are doing more shopping online. By Tom Murphy. SENT: 330 words, photo.
TECHNOLOGY & MEDIA:
AP EXPLAINS-AUSTRALIA-SOCIAL MEDIA _ Australia hopes its new laws that threaten prison and major fines for social media executives who fail to quickly remove violent livestreaming from their platforms will become a model for other countries. By Rod McGuirk. SENT: 420 words, photo.
FRANCE-TWITTER _ Twitter says it has stopped blocking French government ads calling on people to vote after it came under fire from authorities for being overzealous in applying a law aimed at banning fake news. SENT: 300 words, photo.
SOUTH KOREA-5G NETWORKS _ South Korea’s telecommunications carriers turned on super-fast 5G mobile internet networks abruptly ahead of schedule in an attempt to ensure the country becomes the first in the world to launch the services. SENT: 330 words, photos.
CONGRESS-TRUMP TAXES _ A House committee chairman formally asked the IRS to provide six years of President Donald Trump’s personal tax returns and the returns for some of his businesses as Democrats try to shed light on his complex financial dealings and potential conflicts of interest. By Marcy Gordon. SENT: 600 words, photos.
NERDWALLET-BEFORE STUDENT LOANS _ Before student loans, people who couldn’t afford to go to college usually didn’t. Even though tuition was cheaper, it was still cost-prohibitive for many, who turned to solutions such as working through school, getting help from their parents or finding scholarships. By Anna Helhoski of NerdWallet. UPCOMING: 1,030 words, photo by 11 a.m.
CHINA’S NEW SILK ROAD-LATIN AMERICA _ China’s expansion in Latin America of its Belt and Road initiative to build ports and other trade-related facilities is stirring alarm in Washington over Beijing’s ambitions in a region that American leaders since the 19th century have seen as off-limits to other powers. By Juan Zamorano, Kathia Martinez and Joe McDonald. SENT: 1,000 words, photos.
Business News Supervisor Richard Jacobsen (800-845-8450, ext. 1680). For photos (ext. 1900.) For graphics/interactives (ext. 7636.) For access to AP Newsroom and technical issues: email@example.com, or 877-836-9477. Questions about transmission of financial market listings, call 800-3AP-STOX.
The digest for AP’s Money & Markets service can be found at markets.ap.org. For questions about M&M content, contact Greg Keller at (212) 621-7958.