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.
US-CHINA TRADE TALKS-OBSTACLES _ Under President Donald Trump, America’s trade deficit with China has so far worsened to a record high. That gap represents an unfulfilled Trump pledge just as talks between the world’s two largest economies may be nearing a potential deal to suspend their trade war. By Josh Boak and Christopher Rugaber. SENT: 1,030 words, photo.
CHINA-FOREIGN INVESTMENT _ China will bar government authorities from demanding overseas companies hand over technology secrets in exchange for market share, a top economic official said Wednesday, addressing a key complaint at the heart of the China-U.S. trade dispute. By Christopher Bodeen. SENT: 520 words, photos.
TRADE GAP _ The U.S. trade deficit jumped nearly 19 percent in December, pushing the trade imbalance for all of 2018 to widen to a decade-long high of $621 billion. The gap with China on goods widened to an all-time record of $419.2 billion. By Josh Boak. SENT: 550 words, photos.
APPLE-APP STORE BACKLASH _ Apple and Google are reaping huge profits from the kickbacks collected in their mobile app stores, but the lucrative ecosystem could be blown up by a forthcoming ruling in the U.S. Supreme Court and resistance from companies fed up with the fees. By AP Technology Writer Michael Liedtke. UPCOMING: 800 words, photo.
JAPAN-NISSAN-GHOSN _ Wearing a mask, cap and what looked like a construction worker’s outfit, the former chairman of Nissan Motor Co., Carlos Ghosn, left a Tokyo detention center Wednesday after posting 1 billion yen ($8.9 million) bail. By Yuri Kageyama. SENT: 700 words, photos.
JAPAN-GHOSN’S JOURNEY _ Carlos Ghosn’s journey from the CEO’s office to jail has cast light on aspects of Japanese corporate life and its justice system that set the country apart. By Elaine Kurtenbach. SENT: 900 words, photos.
_ JAPAN-NISSAN-GHOSN-TIMELINE _ A look at the key dates in the career of former Nissan Chairman Carlos Ghosn. SENT: 300 words.
SMALLBIZ-SMALLTALK-CONSUMER TRENDS _ When small business owners want to divine what consumer spending trends will be months from now, their methods can be as sophisticated as internet analytics or as basic as plain old intuition. By Joyce M. Rosenberg. UPCOMING: 920 words by noon, photos.
SMALLBIZ-CONSUMER TRENDS-TIPS _ Some tips for forecasting consumer spending trends. By Joyce Rosenberg. UPCOMING: 350 words by noon, photos.
MARKETS & ECONOMY:
FINANCIAL MARKETS _ Stocks moved slightly lower in early trading on Wall Street as losses for energy and industrial companies offset another set of gains for retailers. By Damian Troise. SENT: 350 words, photos. UPCOMING: Will be updated throughout trading, about 700 words by 5 p.m.
WORLD ECONOMY _ A top economic watchdog has cut its forecasts for global economic growth due to the impact of trade disputes, Brexit and weakening demand in Europe and China. SENT: 130 words, photo.
FEDERAL RESERVE-BEIGE BOOK _ The Federal Reserve releases its latest ‘Beige Book’ survey of economic conditions. The Beige Book is based on anecdotal reports from businesses and will be considered along with other data when Fed policymakers meet next. By Martin Crutsinger. UPCOMING: 130 words after release of survey at 2 p.m. 350 words by 2:45 p.m.
ADP-EMPLOYMENT _ U.S. businesses added a solid 183,000 jobs in February, a private survey found, a sign that companies continued hiring even as economic growth likely slowed. By Christopher Rugaber. SENT: 330 words, photo.
DOLLAR TREE-STORE CLOSINGS _ Dollar Tree is closing up to 390 Family Dollar stores this year and rebranding about 200 others under the Dollar Tree name. SENT: 130 words.
CLUB DRUG-DEPRESSION MEDICINE _ A mind-altering medication related to the club drug Special K won U.S. approval Tuesday for patients with hard-to-treat depression, the first in a series of long-overlooked substances being reconsidered for severe forms of mental illness. By Matthew Perrone. SENT: 1,040 words, photo, video. First moved late Tuesday.
VEGAS-ELON MUSK-TUNNEL _ Entrepreneur Elon Musk’s dream of an express tunnel transit system could finally become a reality in Las Vegas after major setbacks in other cities. By Regina Garcia Cano. SENT: 960 words, photos.
GENERAL MOTORS-RESTRUCTURING _ A sprawling General Motors’ assembly plant near Youngstown will be idled on Wednesday after more than 50 years producing cars and other vehicles, a move that will eliminate nearly 1,700 hourly positions by months’ end. By Mark Gillispie and Tom Krisher. SENT: 500 words, photos.
GENERAL MOTORS-RESTRUCTURING-GLANCE _ Some facts and figures about northeast Ohio’s Lordstown assembly plant, which General Motors is idling Wednesday. SENT: 200 words.
GENEVA AUTO SHOW-5 CARS _ A look at five of the most outrageously powerful - and expensive - supercars on display at the Geneva auto show. By David McHugh. SENT: 500 words, photos.
TECHNOLOGY & MEDIA:
FRANCE-DIGITAL TAX _ The French government unveiled plans to slap a 3 percent tax on the French revenues of internet giants like Google, Amazon and Facebook. By Sylvie Corbet. SENT: 430 words, photos.
ON THE MONEY-AUTO LOANS _ New vehicle prices and interest rates are on the rise, causing millions of people to fall behind on their auto loan payments. But experts say you can avoid being one of them by preparing yourself before you buy and not getting caught up in the emotional moment of going after all the options that you desire. By Tom Krisher. SENT: 900 words, photo.
BEHIND THE WHEEL-LEASE DEALS _ Due to higher prices, weakening residuals and higher interest rates, the 4.3 million people who are returning their leased vehicles this year could face payment hikes of more than 25 percent to lease again. Edmunds offers some strategies for combating the trend. By Matt Jones of Edmunds. SENT: 900 words, photo.
BREXIT-BRITS IN EUROPE _ In less than a month the United Kingdom could leave the European Union, but more than a million British nationals will remain there — unwilling to let Brexit force them from the lives they’ve built on the continent. By Frank Jordans. SENT: 850 words, photos.
BREXIT _ The European Union says that “difficult” talks with Britain have failed to break the Brexit deadlock, as the U.K. chief law officer claimed the two sides were holding “robust” discussions on new British proposals. By Jill Lawless and Raf Casert. SENT: 600 words.
ITALY-BASIC INCOME _ Italy’s populist government has launched its new minimum income welfare program, fulfilling a key campaign promise of the 5-Star Movement to help reduce poverty and spur employment in the eurozone’s third-largest economy. SENT: 280 words, photos.
CHINA-CANOLA _ China is blocking some imports of the agricultural product canola from Canada due to fears of insect infestation, the foreign ministry said. By Chris Bodeen. SENT: 570 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