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BC-Business News Digest

February 20, 2019

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.

TOP STORIES:

SAMSUNG-NEW PHONES _ Samsung is expected to show off its newest smartphones, the latest effort by a phone maker to come up with new features compelling enough to end a sales slump. SENT: 130 words. UPCOMING: Will be updated after product event which starts at 2 p.m., all formats.

SMALLBIZ-SMALL TALK MANAGING CHANGE _ Small business owners who recognize the impact that change has on employees can limit the fallout on their companies by helping staffers with the transition. By Joyce M. Rosenberg. UPCOMING: 930 words by 2 p.m., photos.

With:

SMALLBIZ-MANAGING CHANGE-TIPS _ While change at small businesses can come in a variety of forms, owners can improve their chances of success by being strategic and empathic with staffers. Here are change management strategies some owners have used. By Joyce M. Rosenberg. UPCOMING: 380 words by 2 p.m.

HAZARDOUS MINES _ Public records show that more than 50 million gallons of contaminated wastewater flows daily from mining sites in the U.S. The Associated Press has found that the water, loaded with arsenic, lead and other toxic metals, is flowing into surrounding lakes and streams without being treated, poisoning aquatic life and tainting drinking water in nine states, including California, Montana and Oklahoma. By Matthew Brown. SENT: 1,250 words, photos.

ON THE MONEY-TV TALK SHOW DEALS _ Daytime talk shows are looking like home-shopping programs, hawking discounted coats, watches or electric toothbrushes. Before viewers buy, they should read the return policy, check to make sure they can’t find the same product cheaper elsewhere and know when it will ship. By Joseph Pisani. SENT: 130 words. UPCOMING: 700 words by 2 p.m., photos.

MARKETS & ECONOMY:

FINANCIAL MARKETS _ U.S. stock indexes edged higher in early trading Wednesday, extending modest gains from a day earlier, as investors reviewed the latest batch of company earnings reports. By Alex Veiga. SENT: 550 words, photos. UPCOMING: Will be updated through trading about 700 words by 5 p.m.

FEDERAL RESERVE MINUTES _ The Federal Reserve releases minutes from its January meeting, when it held its benchmark interest rate steady and sent a strong signal that it sees no need to raise rates anytime soon. By Martin Crutsinger. UPCOMING: 130 words after 2 p.m. release. 350 words by 2:45 p.m.

EARNINGS:

EARNS-CVS HEALTH _ CVS Health beat fourth-quarter earnings forecasts, but a struggling long-term care business took a $2.2-billion bite out of the company’s performance and its initial 2019 forecast was weaker than expected. By Tom Murphy. SENT: 520 words, photo.

INDUSTRY:

FRANCE-BANK TRIAL _ A French court ordered Swiss bank UBS to pay more than 3.7 billion euros ($4.2 billion) in fines for helping wealthy French clients evade tax authorities, wrapping up one of France’s biggest-ever tax evasion trials. By Jeffrey Schaeffer and Angela Charlton. SENT: 270 words, photos.

SWITZERLAND-GLENCORE-COAL CAP _ Commodities giant Glencore says it will cap how much coal it mines amid shareholder pressure for it to help reduce global emissions of greenhouse gases. By Frank Jordans. SENT: 270 words, photo.

JAPAN-GHOSN-LAWYER _ The newly appointed star defender for former Nissan chairman Carlos Ghosn says that he believes the case against his client does “not meet international standards” and could scare international businesses away from Japan. By Kaori Hitomi. SENT: 450 words, photos.

AIR FRANCE-KLM _ Air France and KLM have reached a compromise on tightening ties between the airlines, ending a power struggle that had alarmed the Dutch government, staff and shareholders. By Angela Charlton. SENT: 470 words.

CALIFORNIA-HIGH SPEED RAIL _ The Trump administration said Tuesday that it plans to cancel $929 million awarded to California’s high-speed rail project and wants the state to return an additional $2.5 billion that it has already spent. By Kathleen Ronayne. SENT: 670 words, photos.

BRITAIN-SUPERMARKET MERGER _ British regulators say the proposed supermarkets merger between Sainsbury’s and Walmart’s Asda unit would push up prices and reduce quality for shoppers, casting doubt on a deal that would create the country’s biggest grocery chain. By Danica Kirka and Anne D’Innocenzio. SENT: 450 words.

TECHNOLOGY & MEDIA:

US-ALEXIS OHANIAN-PATERNITY LEAVE _ Alexis Ohanian wants other guys to be jealous of him. Not because he’s a multimillionaire venture capitalist. Or because he’s married to Serena Williams. The Reddit co-founder wants men to be jealous of all the time he spends with 1-year-old daughter, Olympia. The pair are all over Instagram cheering for mom at her matches, make silly faces with Mickey Mouse ears and toting around favorite doll Qai Qai, who has her own Instagram account with 114,000 followers. It’s all part of his advocacy for making paid paternity leave the new normal in America, Ohanian tells AP in an interview. By Alexandra Olson. UPCOMING: 550 words, photos video.

EUROPE-MICROSOFT _ A hacking group has targeted European democratic institutions including think tanks and non-profit groups ahead of highly anticipated EU parliamentary elections in May, Microsoft said. SENT: 300 words, photo.

ESPORTS-BREAKOUT GAME _ “Fortnite” may finally have a challenger atop the video game world. “Apex Legends” _ a battle royale from Electronic Arts_ has stormed the market and set records for downloads and Twitch viewership in its first three weeks. One key to its success: EA convinced influencers like Tyler “Ninja” Blevins to set aside “Fortnite” for a bit and give “Apex” a try. By Jake Seiner. SENT: 1,050 words, photo.

BRITAIN-HUAWEI _ British government oversight of Huawei has proven it can flag up security problems, the head of its cybersecurity agency said, suggesting he doesn’t think the Chinese company needs to be banned from supplying mobile networks. By Kelvin Chan. SENT: 440 words, photo.

PERSONAL FINANCE:

BEHIND THE WHEEL-4RUNNER OR FORESTER _ Edmunds contrasts the truck-based Toyota 4Runner SUV and the Subaru Forester crossover. There are similarities, but important differences emerge _ largely in their off-road capability, creature comforts and fuel economy. By Calvin Kim of Edmunds. SENT: 900 words, photos.

INTERNATIONAL:

JAPAN-TRADE _ Japan reports its exports tumbled 8.4 percent in January from a year earlier, as slowing Chinese growth pushed its monthly trade deficit to the highest level in nearly five years. SENT: 310 words, photo.

BREXIT _ Britain’s foreign secretary said that securing an orderly Brexit is “of paramount importance” as he visited Germany on Wednesday, and insisted the UK can leave the European Union on March 29 as planned if a compromise deal is found. By Geir Moulson. SENT: 450 words, photos.

GERMANY-BRITAIN-ARMS EXPORTS _ Britain’s top diplomat has urged Germany to relax its ban on arms sales to Saudi Arabia because they are affecting U.K. sales of weapons to — and by extension its influence with — the oil-rich kingdom. By Frank Jordans. SENT: 400 words, photo.

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: customersupport@ap.org, 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