BC-APFN-Business News Digest
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.
NORTH AMERICA-TRADE — President Donald Trump on Monday celebrated a revised North American trade deal with Canada and Mexico as a return of the United States to a “manufacturing powerhouse,” vowing to sign the agreement by late November. By Rob Gillies and Ken Thomas. SENT: 590 words, photos.
HIGH SPEED-WIRELESS AT HOME — Telecom providers are pouring billions into making new high-speed wireless data a reality. But your first experience with the higher-speed service might not be through your phone at all, but your living room, with broadband TV streaming -- without a cable. Verizon and others are rolling out their 5G networks in cities this year, which could mean tough competition for traditional cable and broadband providers — but only if the service turns out to be affordable and effective. By Mae Anderson. SENT: 1,000 words, photos.
NET NEUTRALITY — California Gov. Jerry Brown has approved the nation’s strongest net neutrality law, prompting an immediate lawsuit by the Trump administration and opening the next phase in the battle over regulating the internet. By Jonathan J. Cooper. SENT: 600 words, photo.
GE-CEO — After less than two years and declines on several fronts at General Electric, John Flannery has been ousted as the leader of the century-old company. SENT: 610 words, photos.
PFIZER-CEO CHANGE — The biggest U.S.-based drugmaker will change leaders in January when Pfizer Chief Operating Officer Albert Bourla replaces CEO Ian Read, who has led the company for nearly eight years. By Linda A. Johnson and Tom Murphy. SENT: 560 words, photos.
SAME-DAY DELIVERY — Same-day delivery promises shoppers the tantalizing convenience of online ordering tied to the immediacy of store buying. But how well are stores pulling it off? Retail reporter Anne D’Innocenzio settled in on her couch and spent a Friday trying six different services from traditional retailers to online-only merchants. The results - and the fees - varied a lot. By Anne D’Innocenzio. SENT: 770 words, photos, video.
TESLA-MUSK-CONTROL — It won’t be an easy job. Whoever becomes the new chairman of Tesla Motors will face the formidable task of reining in Elon Musk, the charismatic, visionary chief executive with an impulsive streak, while also helping Musk achieve his dream of turning Tesla into a profitable, mass-market producer of environmentally-friendly electric cars. By Christopher Rugaber. SENT: 860 words, photo. First sent Sunday.
MARKETS & ECONOMY:
FINANCIAL MARKETS —U.S. manufacturers, basic materials makers and car companies are rising and the S&P 500 is on track for a record high after the U.S. and Canada agreed to a new trade deal that also includes Mexico. By Marley Jay. SENT: 950 words, photos. UPCOMING: 700 words by 5 p.m.
CONSTRUCTION SPENDING — Spending on U.S. construction projects edged up a slight 0.1 percent in August as a strong gain in government spending offset weakness in home building and nonresidential construction. By Martin Crutsinger. SENT: 350 words, photos.
ECONOMY-MANUFACTURING — U.S. factories grew at a slower pace in September as manufacturers continued to cope with supply disruptions stemming from trade disputes with China, Europe, Mexico and Canada. By Marcy Gordon. SENT: 410 words, photos.
APPLIANCE JOBS-KENTUCKY — The Chinese-based parent company of GE Appliances is expected to make an announcement Monday about an investment at its vast manufacturing facility in Kentucky’s largest city. UPCOMING, timing uncertain.
FOR-PROFIT COLLEGES-DEVRY DEAL — A little-known venture capitalist is on the verge of acquiring one of the biggest for-profit colleges in the country, a transaction that would put him in control of a troubled national chain that’s more than 60 times the size of the tiny California school he currently owns. By Collin Binkley and Richard Lardner. SENT: 1,780 words, photos. An abridged version of 1,000 words also is available.
INSTAGRAM-NEW CEO —A week after the founders of Instagram resigned, longtime Facebook executive Adam Mosseri was named to lead the photo-sharing app. Kevin Systrom and Mike Krieger stepped down last week without a clear, stated reason. Mosseri became Instagram’s head of product in May. By Barbara Ortutay. SENT: 500 words, photos.
BRITAIN-RYANAIR — Ryanair, Europe’s biggest airline by passengers, has issued a profit warning for the year amid strikes and rising fuel prices. SENT: 140 words, photo.
LAVAZZA-MARS — Italian coffee company Lavazza Group has acquired Mars Inc.’s beverage division in an effort to expand its North American presence. SENT: 100 words.
SUPREME COURT-BILLIONAIRE BEACH BATTLE — The Supreme Court is refusing to hear an appeal from a California billionaire who doesn’t want to open a road on his property so that the public can access a beach. SENT: 520 words, photos.
SMALLBIZ-GET STARTED — While the economy is strong, business owners are holding to their cautious approach to expansion. The government’s third estimate of second quarter economic growth showed the gross domestic product grew at an annual rate of 4.2 percent. By Joyce M. Rosenberg. SENT: 550 words.
BONE DRUGS-WOMEN — A bone-strengthening drug given by IV every 18 months greatly lowered the risk of fracture in certain older women, a large study found. The results suggest these medicines might help more people than those who get them now and can be used less often, too. By Marilynn Marchione. SENT: 760 words, photos.
PARIS AUTO SHOW — Diesel is in the doghouse. There’s a global fight over trade. Brexit is looming. Tighter vehicle emissions rules are on the way. Here’s what to watch out for at the Paris Motor Show, which opens to media for previews on Tuesday and to the public on Thursday. By David McHugh. SENT: 950 words, photos.
ITALY-FIAT CHRYSLER — The new CEO of Fiat Chrysler Automobiles has announced management changes two months after taking over following the unexpected death of long-time Chief Executive Sergio Marchionne. SENT: 140 words.
NERDWALLET-LIZ WESTON-N-TIMESHARE-INHERITANCE — Timeshare owners James and Barbara Ruh enjoy their annual vacations in Hawaii, but they don’t want their daughters to be obligated to take over the contracts when they die. So the Ruhs, who are attorneys with offices in Santa Barbara, California, and Edwards, Colorado, created a trust to hold their timeshare interests. By Liz Weston. SENT: 790 words, photos.
INDONESIA-COST OF DISASTERS — A recent string of natural disasters, the latest a deadly earthquake and tsunami in Indonesia, have exacted a severe toll both in economic damage and human lives throughout Asia. By Elaine Kurtenbach. SENT: 550 words, photos.
JAPAN-ECONOMY — A key quarterly economic survey by the Bank of Japan shows sentiment among large manufacturers dipped two points to 19, as worries grow about global trade tensions. SENT: 190 words, photo.
EUROPE-ITALY-ECONOMY — Italy is trying to reassure its eurozone partners over its plans to ramp up government spending, which have had financial markets and other governments worrying about the country’s public finances. By Raf Casert. SENT: 390 words, photos.
DENMARK-BANKING-RUSSIA — Denmark’s largest bank says it has named an interim chief executive in what seems to be an attempt to more quickly address a massive money laundering scandal involving its Estonian subsidiary. SENT: 130 words.
LUXEMBOURG-EUROGROUP — Eurogroup ministers gather for monthly meeting, comments expected on situation in Italy after the new populist government announced a sharp public spending increase that will push the budget deficit to 2.4 percent of gross domestic product next year.
MONEY & MARKETS SUMMARY:
Trade deal lifts Dean Foods
Dean Foods stock got a lift after a new trade pact gave U.S. dairy farmers greater access to Canadian markets.
Canada in from the cold
Exiled from a revamped North American Free Trade Agreement with the United States and Mexico, Canada negotiated its reinstatement in the regional trade bloc, beating a U.S.-imposed Oct. 1 deadline by hours.
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