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BC-APFN-Business News Digest

January 8, 2019

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.

TOP STORIES:

GOVERNMENT SHUTDOWN-AVIATION-Q&A — The partial government shutdown is starting to affect air travel. Over the weekend, some airports had long lines at checkpoints, apparently caused by a rising number of security officers calling in sick while they are not getting paid. Some questions and answers about the shutdown’s impact on airports and travel. By David Koenig. SENT: 1,050 words, photos.

GADGET SHOW-NEW EXHIBITORS — The companies founded by blacksmith John Deere and candle-and-soap-making duo Procter & Gamble may not be the hip purveyors of new technology they were in 1837. But they’re first time exhibitors at this year’s CES gadget show, along with other unlikely newcomers such as missile-maker Raytheon. What are these companies, and other big brands, looking for in the world’s biggest consumer technology event? By Matt O’Brien and Joseph Pisani. SENT: 720 words, photos.

CHINA-TRADE — Talks between the U.S. and China on ending their tariff war were ending their second day Tuesday without word on whether they’ve made any progress, as an official newspaper warned not to push Beijing too hard. By Joe McDonald. SENT: 750 words, photos.

With:

CHINA TRADE-FIVE THINGS — 5 things to know about US-Chinese negotiations over ending a tariff dispute over technology that threatens to hamper global economic growth. SENT: 760 words, photos.

Also:

WORLD BANK-GLOBAL ECONOMY — The World Bank issues its latest forecast for the global economy at a time of heightened trade tension and financial pressure on emerging market countries. By Paul Wiseman. UPCOMING: 130 words when embargo lifts at 4 p.m., 300 words by 4:45 p.m.

MARKETS & ECONOMY:

FINANCIAL MARKETS —Stocks in the U.S. and Europe continued to rise, led by industrial, technology and energy companies as well as retailers. By Marley Jay. SENT: 780 words, photos. UPCOMING: Will be updated through 5 p.m.

CONSUMER BORROWING — The Federal Reserve releases its November report on consumer borrowing. By Martin Crutsinger. UPCOMING: 130 words after release of report at 3 p.m. 300 words by 3:45 p.m.

JOB OPENINGS — U.S. job openings fell in November from the previous month, but the number of available positions remained healthy. By Christopher Rugaber. SENT: 410 words.

INDUSTRY:

SEARS — The iconic Sears could be heading into liquidation if its board rejects a bid by company chairman Eddie Lampert to keep the business running in its entirety. By Anne D’Innocenzio. UPCOMING: Developing from 10 a.m. hearing, about 800 words, photos.

JAPAN-NISSAN-GHOSN — The former chairman of Japan’s Nissan Motor Co., Carlos Ghosn, denies any wrongdoing and proclaims his loyalty to the company at a court hearing in Tokyo. By Yuri Kageyama. SENT: 1,030 words, photos.

PG&E-CREDIT SLASHED — S&P slashed PG&E’s credit rating to junk status as the utility grapples with the political and financial fallout from costly and deadly wildfires in California. SENT: 130 words, photo.

VEGETATIVE STATE-BIRTH — The CEO of a private health care facility in Phoenix has resigned following reports that a patient gave birth despite being in a vegetative state for more than a decade. SENT: 130 words.

HOMES-HOMEMADE CLEANING PRODUCTS — To reduce waste and avoid unnecessary plastic bottles and chemicals — and to save money — many people are opting to make cleaning products from scratch at home. You can find an abundance of recipes for household cleaning products online, along with reusable glass spray bottles designed to hold them. By Katherine Roth. SENT: 710 words, photos.

TECHNOLOGY & MEDIA:

SAMSUNG-OUTLOOK — Samsung expects its quarterly operating profit will be nearly 29 percent lower than last year, potentially unsettling a tech sector already skittish about slowing global economic growth. SENT: 380 words, photos.

VENEZUELA-US SANCTIONS — The Trump administration is imposing sanctions on a Venezuelan media magnate close to President Nicolas Maduro’s government for allegedly running a network that stole $2.4 billion from state coffers through corrupt currency deals. By Joshua Goodman. SENT: 830 words, photos.

PERSONAL FINANCE:

MILLENNIAL MONEY-HOW TO BUY HAPPINESS — Spend discretionary money in specific ways to increase your happiness. Hint: It often involves other people. By NerdWallet Columnist Gregory Karp. SENT: 840 words, photos.

INTERNATIONAL:

GERMANY-ECONOMY — Concerns are growing that Europe’s largest economy may have slipped into a technical recession after Germany’s Economy Ministry reported that industrial production dropped for the third consecutive month in November. By David Rising. SENT: 440 words.

BREXIT — The British government rules out seeking an extension to the two-year period taking the country out of the European Union as Prime Minister Theresa May continued to seek further concessions from the EU ahead of a crucial parliamentary vote next week on her Brexit deal. By Lorne Cook. SENT: 710 words, photos.

CHINA-ELECTRIC TAXIS — One of China’s major cities has reached an environmental milestone: an almost entirely electric-powered taxi fleet. SENT: 370 words, photos.

RUSSIA-RELIGION — The head of the Russian Orthodox Church says the data-gathering capacity of devices such as smartphones risks bringing humanity closer to the arrival of the Antichrist. SENT: 100 words.

ITALY-BANKS — Italy’s populist government has stepped in to help guarantee struggling Banca Carige SpA, bending to pressure despite the ruling 5-Star Movement’s longtime anti-bank bailout rhetoric. SENT: 360 words, photos.

GERMANY-POLITICIANS HACKED — A German student has admitted to obtaining and publishing online hundreds of politicians’ and celebrities’ data and told investigators that he acted alone, authorities said. By Geir Moulson. SENT: 510 words, photos.

THAILAND FISHERIES — The European Union has withdrawn its threat to ban Thai fisheries exports into the bloc after Bangkok pushed through reforms to contain illegal fishing. SENT: 130 words.

MOZAMBIQUE-FRAUD CASE — A former Mozambican finance minister appears in a South African court following a U.S. extradition request linked to a $2 billion loan scandal that plunged Mozambique into financial crisis. By Christopher Torchia. SENT: 570 words, photos.

MONEY & MARKETS SUMMARY:

SPOTLIGHT

On a new track

Shares in Union Pacific notched their biggest gain in a decade after the railroad tapped an industry veteran to lead efforts to streamline its operations.

CENTERPIECE

Malware morphs

Online security threats are morphing, becoming harder to detect and more malicious, with fewer than a third of experts saying traditional antivirus software was up to the task.

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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