BC-APFN-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.
JAPAN-NISSAN-GHOSN — Nissan Motor Co.’s high-flying chairman Carlos Ghosn is to be dismissed after the company said an internal investigation found he under-reported his income by millions of dollars and engaged in other “significant misconduct.” By Yuri Kageyama. SENT: 950 words, photos.
NISSAN ALLIANCE-GHOSN — While many other trans-continental auto industry tie-ups failed, Carlos Ghosn made the alliance between France’s Renault and Japan’s Nissan work. Now that he’s under arrest and about to be ousted from at least the Nissan chairmanship over alleged financial improprieties, the future of the nearly two-decade-old relationship that saved both companies could be in jeopardy. By Tom Krisher and Angela Charlton. UPCOMING: 500 words by 3 p.m., photos.
JAPAN-NISSAN-GHOSN-THE LATEST — Running updates.
GROWING UP DIGITAL-SCREENHEADS — Many American parents are engaged in a battle over screen time with their kids -- and It’s not going well. Ninety-five percent of U.S. teens have their own mobile devices, and many see screen-time limits as unjustified punishment. By Martha Irvine. SENT: 1,500 words, photos. An abridged version of 750 words also is available.
OLDER WORKERS-RETIREMENT PLANS — The recent turbulence in the U.S. stock markets is spooking some older workers and retirees, a group that was hit particularly hard during the most recent financial crisis. By Andrew Soergel. SENT: 830 words, photos.
MARKETS & ECONOMY:
FINANCIAL MARKETS —More losses for technology companies are taking U.S. stock indexes lower Monday. Internet companies and retailers are also falling. By Marley Jay. SENT: 690 words, photos. UPCOMING: Will be updated through 5 p.m.
GE-POWER — General Electric is shuffling leadership at its power unit as it moves to split the division in its ongoing effort to slim down operations. By Cathy Bussewitz. SENT: 540 words, photos.
GE-CORE BUSINESS —General Electric has long been a household name, manufacturing a spectrum of goods from light bulbs and air conditioners to MRI machines and jet engines. The company expanded rapidly in the 1980s under former CEO Jack Welch, accumulating financial companies and the television network NBC. By Cathy Bussewitz. SENT: 730 words, photos.
DAVID’S BRIDAL-BANKRUPTCY — David’s Bridal is filing for bankruptcy protection but there is no danger for customers who have ordered dresses because operations continuing as normal while the wedding and prom retailer restructures. SENT: 90 words, photos.
TECHNOLOGY & MEDIA:
THAILAND-DIGITAL TRAINING — Microsoft, Google and other major technology companies have promised to help provide training in digital skills for around 20 million people in Southeast Asia by 2020 to make sure the region’s burgeoning working-age population is a fit for the future job market. By Kaweewit Kaewjinda.SENT: 470 words.
AUSTRALIA-FAIRFAX-NINE-MERGER — Shareholders give final approval to the merger of television network Nine Entertainment and newspaper publisher Fairfax Media into an Australian media giant to be known only as Nine despite one shareholder’s late bid to stop the deal. By Rod McGuirk. SENT: 300 words.
NERDWALLET-LIZ WESTON-MULTITASKING-MONEY GOALS — Tackling only one financial goal at a time is tempting, especially when debt is involved. But the “as soon as” mentality can wind up costing you big in the long run. By NerdWallet columnist Liz Weston. SENT: 780 words, photos.
BREXIT — British Prime Minister Theresa May sought to seal business support for her Brexit deal with the European Union, but remained on a collision course with a group of lawmakers seeking to unseat her. By Jill Lawless and Raf Casert. SENT: 1,000 words, photos.
BRAZIL-PETROBAS — Brazil’s President-elect Jair Bolsonaro on Monday named Roberto Castello Branco, a pro-market reformer, as future chief executive of the country’s state-controlled oil company, Petrobas. By Diane Jeantet. SENT: 380 words.
DENMARK-BANKING-RUSSIA — Denmark’s largest bank “deliberately ignored” a warning about a massive money laundering scheme through its Estonian branch, a former employee and whistleblower said. By Jan M. Olsen. SENT: 470 words, photo.
RUSSIA-MAGNITSKY — Russian prosecutors announce a new criminal case against Kremlin critic Bill Browder, raising the pressure on him before European Union discussions about a set of sanctions he is advocating. By Nataliya Vasilyeva. SENT: 780 words, photos.
VIETNAM-RUSSIA — The prime ministers of Vietnam and Russia agree to nearly triple their countries’ two-way trade to $10 billion by 2020 from $3.55 billion last year. SENT: 210 words, photos.
TURKEY-RUSSIA-PIPELINE — Russian President Vladimir Putin and Turkish President Recep Tayyip Erdogan have marked the completion of a key phase of TurkStream, a natural gas pipeline connecting the two countries. By Zeynep Bilginsoy. SENT: 450 words.
EUROPE-ECONOMY — A top eurozone finance official says the 19 countries that use the euro will push ahead with discussions on a eurozone budget proposed by France and Germany to make the currency union more resistant to crises. By Zeynep Bilginsoy. SENT: 280 words, photos.
FRANCE-GAS PRICE PROTESTS — French drivers blocked oil depots and disrupted traffic toward the tunnel beneath the English Channel on Monday as they tried to keep up pressure on President Emmanuel Macron’s government to abandon fuel tax hikes. SENT: 380 words, photos.
MONEY & MARKETS SUMMARY:
Oil and gas company Cimarex is acquiring competitor Resolute Energy in a cash-and-stock deal valued at $1.6 billion, including debt, that will expand its reach.
Budget battles loom large
With Republicans retaining control of the Senate and Democrats winning back the House in the recent midterm elections, the stage is set for major battles next year. No fight is likely to be bigger than passing a new budget.
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: firstname.lastname@example.org, or 877-836-9477. Questions about transmission of financial market listings, call 800-3AP-STOX.
The full 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