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BC-APFN-Business News Digest

September 19, 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:

US-CHINA-TARIFFS — China’s No. 2 leader appeals for support for free trade and promised to improve conditions for foreign companies following tit-for-tat U.S. and Chinese tariff hikes in a battle over Beijing’s technology policy. By Joe McDonald. SENT: 830 words, photos.

With:

TRADE-CHINA TARIFFS-WHAT WAY OUT? — How does this end? In imposing its latest round of tariffs on China, the Trump administration has demanded that Beijing stop pressuring U.S. companies to hand over trade secrets in return for access to the Chinese market and stop engaging in cyber-theft. Problem is, even if Beijing agreed to meet those demands, it would require a long-term task of huge complexity that would be difficult for Beijing to achieve and for Washington to verify. By Paul Wiseman. UPCOMING: 850 words by 3 p.m.

BREXIT-WHAT’S IN A NAME? — The impending British exit from the EU is throwing Portugal’s 50-million-euros worth of exports there into doubt. That’s because London conspicuously isn’t saying whether after leaving the EU next year it will keep the bloc’s name protection rules, which also cover products such as Italian Parma ham, French Champagne and Greek feta cheese. By Barry Hatton. SENT: 1,140 words, photos.

With:

BREXIT-THE LATEST — Running updates.

Also:

BRITAIN-ECONOMY — Official figures show that inflation in Britain unexpectedly rose in August to a six-month high as clothing and transport costs rose sharply. SENT: 120 words.

SMALLBIZ-SMALL TALK-5 THINGS TO KNOW ABOUT DISASTER RECOVERY — Many small business owners whose companies were hit by Hurricane Florence are embarking on an uncertain path to recovery. From getting the business up and running — even on a limited basis — to applying for a disaster loan, here are some things owners need to know. By Joyce M. Rosenberg. SENT: 970 words, photos.

ON THE MONEY-FLU SHOTS — It’s flu shot season, but the pinch of a shot doesn’t have to also hurt your wallet. By Mike Stobbe. SENT: 650 words, photos.

MARKETS & ECONOMY:

FINANCIAL MARKETS —Major U.S. stock indexes edged mostly higher in midday trading as gains in financial companies outweighed losses elsewhere in the market. By Alex Veiga. SENT: 650 words, photos. UPCOMING: Will be updated through 5 p.m.

HOME CONSTRUCTION — U.S. home construction rebounded in August at the fastest pace in seven months but applications for new building permits plunged, sending mixed signals for an industry that has been struggling with rising lumber costs. By Martin Crutsinger. SENT: 310 words, photo.

ELECTION 2018-TAX OVERHAUL-HOUSE RACES — One provision of the Republican tax overhaul looms large in several tight congressional races this fall, especially in California and New Jersey. By Geoff Mulvihill and Bill Barrow. SENT: 1,300 words, photos.

WORLD BANK-GLOBAL POVERTY — Global poverty has fallen to a record low. The World Bank says 10 percent of the world’s population lived on less than $1.90 a day in 2015, down from 11 percent in 2013. That means 735.9 million people lived below the poverty threshold in 2015, down from 804.2 million. SENT: 210 words, photos.

INDUSTRY:

EUROPE-MCDONALD’S TAX — The European Union rules that Luxembourg did not give the U.S. fast food giant McDonald’s a special sweet tax deal and that the non-taxation of some of its profits did not amount to illegal state aid. By Raf Casert. SENT: 420 words, photos.

ECUADOR-CHEVRON — Interview with Chevron spokesman, James Craig, after the Court of La Haya ruled against the Ecuadorian state that could receive the sentence to make a multimillionaire payment to that company. UPCOMING: Timing uncertain.

DENMARK-BANKING-RUSSIA — The chief executive of Denmark’s largest bank resigned Wednesday after an internal report into allegations of massive money laundering via an Estonian subsidiary showed that “the vast majority” of transactions were deemed to be “suspicious.” By Jan M. Olsen. SENT: 530 words.

BOURBON RESTORATION PROJECT — The whiskey quit flowing decades ago from a landmark Kentucky distillery housed in a picturesque castle. Nearly a half-century of neglect reduced the one-time tourist draw to a decaying relic. Now, two newcomers to the whiskey business have resurrected the Old Taylor distillery and renamed it. By Bruce Schreiner. SENT: 880 words, photos.

GREENPEACE-FORESTS — Greenpeace says global consumer brands continue to buy palm oil from companies that are cutting down Indonesia’s rainforests despite repeated pledges to clean up their supply chains. SENT: 400 words.

AUTOS:

GERMANY-ELECTRIC CARS — Germans are beginning to embrace electric cars, with experts predicting the country will have a million hybrid or battery-electric vehicles on the road by 2022. SENT: 140 words.

AUTONATION-CEO — Mike Jackson is stepping down after almost two decades leading AutoNation, the nation’s largest dealership chain. SENT: 250 words, photos.

BEHIND THE WHEEL-SAFETY TECH TRENDS — Edmunds highlights the newest safety, technology and luxury features to appear on vehicles in 2019. By Mark Takahashi. SENT: 940 words, photos.

TECHNOLOGY & MEDIA:

BRITAIN-CRYPTOCURRENCIES — British lawmakers are urging regulation for cryptocurrencies such as bitcoin in a report that describes the current situation as the “Wild West.” By Kelvin Chan. SENT: 620 words, photos.

ESPORTS-RIOT-SPONSOR AMID SEXISM CLAIMS — Esports giant Riot Games is adding its first global sponsor, even as the company behind League of Legends contends with backlash over claims it has fostered a sexist culture. By Jake Seiner. SENT: 750 words, photos.

PALESTINIANS-SMART SCHOOLS — Palestinians try to shake up stodgy education system, hoping use of technology and arts will create new opportunities for the region, where more than half of new college graduates are unemployed. By Mohammed Daraghmeh. SENT: 1,150 words, photos.

BUCCANEERS-WINSTON SUSPENDED — A female Uber driver in Arizona is suing Tampa Bay Buccaneers quarterback Jameis Winston, accusing him of sexual assault. SENT: 520 words, photo.

SIRIUSXM-CUOMO — CNN’s Chris Cuomo is adding a radio show to his television work.vThe prime-time host will start his own two-hour radio show next Monday at noon on SiriusXM. The company said Wednesday that Cuomo’s weekday show will air on its nonpartisan P.O.T.U.S. channel. SENT: 140 words, photos.

SPORTS BETTING-DISPUTED PAYOUT — New Jersey gambling regulators are investigating whether FanDuel’s sports book should pay out more than $82,000 to a man who was given exorbitant odds for the Denver Broncos to win Sunday against the Oakland Raiders. By Wayne Parry. SENT: 610 words.

SPOTIFY-LAWSUIT — A former sales executive is suing Spotify for gender discrimination and equal pay violations, saying executives organized “boys’ trips” that excluded women and that the company paid men more for the same work. SENT: 140 words, photos.

AMAZON-EU ANTITRUST— European authorities say they have opened a preliminary antitrust investigation into Amazon over the e-commerce giant’s treatment of smaller merchants on its website. SENT: 260 words, photos.

EARNINGS:

EARNS-QATAR AIRWAYS — Qatar Airways suffered a $69 million loss this fiscal year, an over $800 million swing from the year before that the long-haul carrier blamed on the ongoing boycott of Doha by four Arab nations. By Jon Gambrell. SENT: 390 words, photos.

INTERNATIONAL:

PORTUGAL-TAXI PROTEST — Portuguese taxi drivers aim to disrupt traffic in three major cities in a protest against a new law on app-based ride-hailing companies like Uber and Cabify. They complain the law doesn’t limit the number of licenses those companies can have. UPCOMING: Timing uncertain.

TURKEY-WORKERS ARRESTED — A construction workers union says 24 of its members have been detained in the aftermath of protests denouncing poor working conditions at Istanbul’s new airport. SENT: 130 words.

MONEY & MARKETS SUMMARY:

SPOTLIGHT

Car auctioneer Copart hammered

Shares of Copart, the Dallas-based online car auctioneer, posted their biggest drop in a decade Wednesday after investors took fright at its disappointing fourth-quarter results.

CENTERPIECE

Europe gets a raise

European workers are getting raises. But stock investors don’t need to worry about the European Central Bank taking away the punch bowl just yet.

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 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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