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BC-Business News Digest

October 10, 2018

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.

TOP STORIES:

HOLIDAY HIRING-STRUGGLES — Retailers and shippers are facing a uniquely difficult holiday hiring season: The job market is the tightest it has been in at least two decades, and online shopping continues to grow, requiring more workers to pack and ship orders on time. Companies are offering bonuses; full-time, permanent jobs; and investing in automation to meet the challenge. By Christopher Rugaber and Anne D’Innocenzio. SENT: About 1,460 words, photos.

SMALL BIZ-SMALL TALK-GENDER DISCRIMINATION — Many women don’t know how at first how to respond to gender bias. But over time, they find strategies to deal with it. By Joyce M. Rosenberg. SENT: 1,000 words, photos.

ON THE MONEY-AMEX GOLD CARD — The middle child of American Express’ suite of charge cards — the Gold Card — is getting a major upgrade this fall, but its bigger perks are going to come with a higher fee. By Ken Sweet. SENT: 670 words, photos.

ZIMBABWE-TUMBLING ECONOMY — As Zimbabwe plunges into its worst economic crisis in a decade, gas lines are snaking for hours, prices are spiking and residents goggle as the new government insists that the country — somehow — has risen to middle-income status. By Farai Mutsaka. SENT: 850 words, photos.

MARKETS & ECONOMY:

FINANCIAL MARKETS — U.S. stock indexes dropped sharply and the S&P 500 was on pace for its worst day since June, as interest rates resumed their climb. By Stan Choe. SENT: 690 words, photos. UPCOMING: Will be updated through 5 p.m.

PRODUCER PRICES — U.S. wholesale prices rose a mild 0.2 percent last month, held down by lower food and energy prices, suggesting that inflation remains in check despite the economy’s robust growth. By Christopher Rugaber. SENT: 320 words, photo. UPCOMING: Will be updated.

FOREIGN INVESTMENT-NEW RULES — The Treasury Department has issued new rules on foreign investments into American companies that will give the government more power to block foreign transactions on national security grounds. By Martin Crutsinger. SENT: 120 words.

INDUSTRY:

CVS-AETNA — The proposed $69 billion merger between CVS Health and Aetna is getting a greenlight from the Department of Justice, with some conditions. SENT: 120 words, photos.

ROUNDUP WEED KILLER CANCER — A San Francisco jury’s $289 million verdict in favor of a school groundskeeper who says Roundup weed killer caused his cancer will face its first court test Wednesday. SENT: 350 words, photos.

EUROPE-AUTO EMISSIONS — European Union officials are working on tougher auto emissions standards aimed at fighting global warming — but which the industry cautions could hurt workers and consumers. David McHugh. SENT: 580 words, photo.

CANADA MARIJUANA LEGALIZATION — Next week, Canada becomes the largest country with a legal national marijuana market, but rollout will vary from province to province. By Gene Johnson and Rob Gillies. SENT: 1,400 words, photos, video.

With:

CANADA MARIJUANA LEGALIZATION-THINGS TO KNOW — Here’s a look at Canada’s upcoming marijuana legalization and how it will differ from the nine U.S. states that have approved recreational pot use. SENT: 860 words, photos.

RECYCLING SHAKE-UP — America’s recycling industry is in the dumps. A crash in the global market for recyclables is forcing communities to make hard choices about whether they can afford to keep recycling or should simply send all those bottles, cans and plastic containers to the landfill. By Mary Esch. SENT: 900 words, photos.

OFFICE PARKS-SCHOOLS — Across the country, office parks that have lost their luster with employers are being repurposed as school buildings. Colleges and K-12 districts willing to think beyond traditional school settings are retrofitting office space to help them deal with growing enrollments and a scarcity of available land in urban and suburban areas. By Michael Melia. SENT: 860 words, photos.

HONG KONG-E CIGARETTE BAN — Hong Kong plans to ban e-cigarettes and other new smoking products to protect public health, the leader of the semi-autonomous Chinese territory said. SENT: 310 words, photos.

ELECTION 2018-HEALTH CARE — Senate Democrats are trying to refocus voters on health care. They’ve now lost a vote on the issue but hope they’ve gained a message that will help them win Senate control in next month’s elections. By Alan Fram. SENT: 140 words.

FRANCE-FAULTY BREAST IMPLANTS — France’s highest court overturned Wednesday an appeals court ruling that would have required some 1,700 women in multiple countries to pay back compensation they received over rupture-prone breast implants. SENT: 420 words, photos.

TECHNOLOGY & MEDIA:

EUROPE-GOOGLE — Google has appealed a record $5 billion antitrust fine by European Union authorities, who say the tech giant abused the dominance of its Android operating system to stifle competitors. SENT: 250 words, photo.

SAUDI ARABIA-MISSING WRITER — Turkish media published images of an alleged 15-member Saudi “assassination squad” and video of suspicious movements at the Saudi Consulate in Istanbul following journalist Jamal Khashoggi’s disappearance a week ago, putting new pressure on the kingdom amid growing international concern for the writer. By Ayse Wieting, Suzan Fraser and Jon Gambrell. SENT: 1,080 words, photos, video.

GOOGLE-WAZE CARPOOL EXPANSION — Google will begin offering its pay-to-carpool service throughout the U.S. in an effort to reduce the commute-time congestion that its popular Waze navigation app is designed to avoid. SENT: 660 words, photos.

AMAZON-WAGES — Amazon, facing a backlash from longtime warehouse workers who say its $15 hourly minimum wage wouldn’t benefit them, will now provide a bigger raise. By Joseph Pisani. SENT: 210 words, photos.

PERSONAL FINANCE:

BEHIND THE WHEEL-OLD VERSUS NEW — Automakers are continually making changes in vehicles. Here’s a look at what’s new — and what’s missing — in your next new car. By Ronald Montoya of Edmunds. SENT: 870 words, photo.

INTERNATIONAL:

BREXIT —The European Union’s Brexit negotiator said that an agreement on Britain’s exit “is within reach” if negotiations make progress before a summit next week. By Raf Casert. SENT: 420 words, photos.

KOREAS-DIPLOMACY — South Korea is considering lifting some of its unilateral sanctions against North Korea to create more momentum for diplomacy aimed at improving relations and defusing the nuclear crisis, the South’s foreign minister said. By Kim Tong-Hyung. SENT: 1,120 words, photos.

BRITAIN-UNEXPLAINED WEALTH — A woman from Azerbaijan who spent 16 million pounds ($21 million) at luxury London department store Harrods over the course of a decade is the first target of a British power to seize money from people who can’t explain the origins of their wealth. By Jill Lawless. SENT: 370 words, photos.

AUSTRALIA-JAPAN — Australia and Japan reaffirm their commitment to pressuring North Korea to abandon its nuclear weapons program and enforcing sanctions on Pyongyang. SENT: 220 words, photos.

ISRAEL-FRANKINCENSE HONEY — An Israeli farmer has cashed in by making exotic honey from a rare tree that produces frankincense — the resin once worth its weight in gold and venerated in the Bible. But the farm’s location in a far-flung West Bank settlement has left a bitter taste in at least one investor’s mouth. By Ilan Ben Zion. SENT: 1,030 words, photos.BRITAIN-GAY RIGHTS CASE — Britain’s Supreme Court reverses a lower court ruling and ruled that a bakery owned by a Christian family didn’t discriminate against a gay customer when it refused to make a cake bearing a slogan supporting same-sex marriage. By Danica Kirka. SENT: 320 words, photos.

EGYPT-ECONOMY — Egypt says inflation jumped to 15.4 percent in September, a rise of more than two percentage points over the previous month. By Samy Magdy. SENT: 430 words.

GREECE-CYPRUS-EGYPT — The leaders of Greece, Egypt and Cyprus are meeting on the island of Crete to discuss furthering regional cooperation, including oil and gas exploration rights in the east Mediterranean and efforts to combat illegal immigration to Europe. By Derek Gatopoulos and Menelaos Hadjicostis. SENT: 340 words.

CYPRUS-FILMMAKERS — Under its adopted moniker of “Olivewood,” the tiny Mediterranean island of Cyprus is trying to woo moviemakers from around the world with 300-plus days of sunshine yearly and a package of financial incentives including a cash rebate of up to 35 percent. SENT: 130 words.

SOUTH AFRICA-CORRUPTION PROBE — South African opposition parties are pushing for wider scrutiny of President Cyril Ramaphosa and his Cabinet after the resignation of a finance minister who acknowledged meeting with a business family linked to alleged corruption under the former administration. By Christopher Torchia. SENT: 460 words, photo.

FRANCE FAULTY BREAST IMPLANTS — France’s top court rules on whether a German certification company should compensate thousands of women around the world given faulty breast implants. The German company says it was a victim of the fraudulent manufacturer. SENT: 350 words. UPCOMING: Will be updated with ruling.

BOSNIA-REFINERY BLAST — An explosion at a Russian-owned oil refinery in northern Bosnia has killed one worker and injured 10, the company running the complex said. By Amel Emric. SENT: 240 words, photos.

MONEY & MARKETS SUMMARY:

SPOTLIGHT

Shares in Sears Holdings plunged after The Wall Street Journal reported that the struggling retailer is preparing a bankruptcy filing.

CENTERPIECE

Fashion Risk?

Stitch Fix is on the hunt for more shoppers overseas.

The online clothing styling service said it will expand to United Kingdom late next year with fashions for women and men.

Business News Supervisor Alexandra Olson (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 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.

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