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.
FEDERAL RESERVE _ With the Federal Reserve considered sure to leave interest rates unchanged Wednesday, investors will be hoping to hear Chairman Jerome Powell sound a reassuring theme that a pause in the Fed’s rate hikes could last a while. By Martin Crutsinger. SENT: 870-word setup. UPCOMING: Will be updated with Fed policy announcement; 130 words at 2 p.m. 500 words by 2:30 p.m., then expanded.
FEDERAL RESERVE-THE LATEST _ Running updates.
US-CHINA-TRADE TALKS _ U.S. and Chinese negotiators start two days of high-level talks aimed at settling a six-month trade war that has weakened both sides, shaken financial markets and clouded the outlook for the global economy. By Paul Wiseman and Christopher Rugaber. SENT: 940 words, photo.
_ CHINA-US-HUAWEI-TIMELINE _ The United States has brought charges against Chinese tech giant Huawei Technologies and one of its top executives in a case that has shaken China’s relations with the U.S. and Canada. A look at how events have unfolded over the past two months. SENT: 680 words, photos.
SUPER BOWL-ADS PREVIEW _ Sarah Michelle Gellar makes a horror movie parody for Olay; Jeff Bridges and Sarah Jessica Parker tout Stella Artois; Christina Applegate gets in a tiff with M&Ms. Star power abounds in this year’s crop of Super Bowl ads, aimed at advertising’s biggest mass-market showcase – and one of the last in an age of increasingly targeted ads. By Mae Anderson. SENT: 880 words, photos.
ROBOT LAWN MOWER _ Building a robot lawn mower seemed the logical next step for iRobot, which invented the pioneering robotic vacuum Roomba. But the company’s secret, decade-plus lawn mower project was a lot harder than anyone expected. Now, after more than a decade of research and development, iRobot is finally unveiling Terra, its first robot lawn mower. By Matt O’Brien. SENT: 820 words, photos.
MARKETS & ECONOMY:
FINANCIAL MARKETS _Boeing helped lift the market out of rut on Wednesday, setting stocks on a pace to break a two-day losing streak. By Damian J. Troise. SENT: 710 words, photos. UPCOMING: Will be updated through 5 p.m.
NORWAY-NASDAQ _ Nasdaq has made an offer to acquire the Oslo stock exchange, the last trading place in the Nordic-Baltic region it doesn’t own. SENT: 130 words.
PENDING HOME SALES _ Fewer Americans signed contracts to buy homes in December with affordability pressures causing interest from would-be buyers to fall. By Paul Wiseman. SENT: 340 words, photos.
ADP EMPLOYMENT _ U.S. businesses added a solid 213,000 jobs in January, a private survey found, signaling that the partial government shutdown and trade war concerns that have roiled financial markets aren’t discouraging companies from hiring more people. By Christopher Rugaber. SENT: 350 words, photo.
EARNS-BOEING _ Boeing reported annual revenue of more than $100 billion for the first time and shares soared after the company easily beat Wall Street’s profit and sales expectations for the fourth quarter. SENT: 360 words, photo. UPCOMING: Will be updated.
EARNS-MCDONALD’S _ McDonald’s says modernized stores and revamped value menus helped bring in more customers last year. By Dee-Ann Durbin. SENT: 670 words, photos.
EARNS-ANTHEM _ The Blue Cross-Blue Shield insurer Anthem topped fourth-quarter earnings expectations and debuted a better-than-expected 2019 forecast, helped by an early start for its prescription drug coverage business. By Tom Murphy. SENT: 580 words, photos.
EARNS-AT&T _ Wireless and entertainment giant AT&T Inc. on Wednesday reported big subscriber declines in its TV division — even in its much-lauded DirecTV Now streaming service. By Tali Arbel. SENT: 420 words, photos.
EARNS-FACEBOOK _ Facebook Inc. reports quarterly financial results after the market closes. UPCOMING: 130 words after release, then expanded.
EARNS-MICROSOFT _ Microsoft Corp. reports quarterly financial results after the market closes. UPCOMING: 130 words after release, then expanded.
EARNS-TESLA _ Tesla Inc. reports quarterly financial results after the market closes. UPCOMING: 130 words after release, then expanded.
GERMANY-EARNS-SIEMANS _ Germany’s Siemens AG says net profit fell by half in the most recent quarter, to 1.12 billion euros ($1.28 billion), as the company saw higher taxes and falling demand for its big-ticket power turbines. By David McHugh. SENT: 350 words, photos.
SMALLBIZ-SMALLTALK-MARKETING A YOUNG COMPANY _ While small business owners who started their companies the past few years have achieved great success by using social media, some find that Facebook, Instagram and Twitter aren’t an automatic marketing go-to. By Joyce M. Rosenberg. UPCOMING: 950 words by 2 p.m., photos.
SMALLBIZ-SMALLTALK-MARKETING-TIPS _ Before owners pick a marketing channel or channels, they need to answer some key questions for themselves. Here are some tips from small business owners about selecting a marketing method. By Joyce M. Rosenberg. UPCOMING: 400 words by 2 p.m.
TRUMP ORGANIZATION-IMMIGRANT WORKERS _ The Trump Organization, responding to claims that some of its workers were in the U.S. illegally, said it will use the E-Verify electronic system at all of its properties to check employees’ documentation. By Bernard Condon. SENT: 430 words, photo.
JAPAN-NISSAN-GHOSN _ Nissan’s former chairman Carlos Ghosn, in his first interview since his arrest in November, blamed fellow executives opposed to forging closer ties with the automaker’s French alliance partner Renault for scheming against him, the Japanese newspaper Nikkei reported Wednesday. By Yuri Kageyama. SENT: 580 words, photos.
JAPAN-GLOBAL AUTO SALES _ Toyota Motor Corp. sold 10.59 million vehicles globally last year, fewer than the 10.83 million delivered by German rival Volkswagen AG, the Japanese automaker said. By Yuri Kageyama. SENT: 270 words, photos.
OUTDOOR RETAIL SHOW-POLITICS _ Hundreds of outdoor retailers are back in Denver for their annual winter trade show, and some of the biggest players say they plan to forge ahead with their newfound political activism. An industry that once shied away from politics is now openly advocating on public lands, climate change and other issues. But measuring their influence is tricky. By Dan Elliott. UPCOMING by 2 p.m.
CHICKEN NUGGETS-RECALL _ Tyson Foods is recalling more than 36,000 pounds (16,329 kilograms) of chicken nuggets because they may be contaminated with rubber. SENT: 180 words, photo.
FOXCONN-WISCONSIN _ Foxconn Technology Group said Wednesday it is shifting the focus of its planned Wisconsin campus away from blue-collar manufacturing to a research hub, while insisting it remains committed to creating 13,000 jobs as promised. By Scott Bauer. SENT: 920 words, photos.
TECHNOLOGY & MEDIA:
SUNDANCE FILM FESTIVAL-BRITTANY RUNS A MARATHON-SALE _ In its third major buy of the Sundance Film Festival, Amazon Studios has acquired the world rights for the inspirational comedy “Brittany Runs a Marathon ” for $14 million. By Lindsey Bahr. SENT: 130 words, photo. UPCOMING: Will be updated.
FACEBOOK-APPLE-DATA TRACKING _ Apple says Facebook can no longer distribute an app that paid users, including teenagers, to extensively track their phone and web use. SENT: 130 words, photos.
ON THE MONEY-FINANCIAL RESOLUTIONS _ New Year’s Day has come and gone and perhaps your resolve to stick to your resolutions has disappeared by now as well. If so, don’t despair _ it’s not too late to set and achieve some money goals. By Sarah Skidmore Sell. SENT: 720 words, photos.
BEHIND THE WHEEL-TEST DRIVES _ Test drives don’t have to be drawn-out time-wasters or segues into a purchase conversation you’re not ready to have. Here’s how to hack the traditional test drive and make it work efficiently for you. By Ronald Montoya of Edmunds. SENT: 740 words, photo.
BRITAIN-BREXIT-LAMB _ Wyn Evans exports lamb and beef to the European Union, Britain’s largest trading partner. But his business, and that of many farmers in the UK, is under threat if Britain leaves the EU without a divorce agreement on March 29. That’s because if Britain leaves the EU without a deal, the nation will be outside existing trade agreements. By Danica Kirka and Jo Kearney. SENT: 980 words, photos.
BREXIT _ Top European Union Brexit officials insisted Wednesday that the EU’s divorce agreement with Britain cannot be renegotiated as Prime Minister Theresa May prepares to seek fresh concessions from the bloc just weeks before her country is set to leave. SENT: 340 words, photos.
BREXIT-FAST FACTS _ A quick look at key developments in the Brexit process. SENT: 520 words, photos.
VENEZUELA-POLITICAL CRISIS _ Opposition leader Juan Guaido is looking to ratchet up pressure on President Nicolas Maduro with walkouts across Venezuela, just a day after the embattled socialist administration barred Guaido from leaving the country while he is investigated for anti-government activities. By Scott Smith and Christine Amario. SENT: 1,040 words, photos, video.
EUROPE-ECONOMY _ The clouds darkened over Europe’s slowing economy on Wednesday as the German government slashed its growth forecast and said concerns about a chaotic Brexit and trade tensions were holding back the continent’s powerhouse. By David McHugh. SENT: 300 words, photos.
MONEY & MARKETS SUMMARY:
Boeing’s stock soared after the company reported better-than-expected revenue and profit for the fourth quarter, despite its exposure to China.
Safe or risky
Although it’s had little success so far, Washington’s continuing efforts to lower prices for brand-name medicines can still cause trouble for drug makers’ stock prices.
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