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BC-Business News Digest

March 26, 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:

Only on AP:

BRITAIN-TECH VERSUS BREXIT _ A small band of volunteers from London’s tech industry is developing websites to prevent Brexit, Britain’s departure from the European Union that has fallen into complete disarray. They hope to put public pressure on politicians to give people a second vote. While the group is small, their engagement in politics underscores the concerns among businesses and entrepreneurs who stand to suffer from tariffs and border checks. By Kelvin Chan. SENT: 1,000 words, photos.

With:

BREXIT _ British Prime Minister Theresa May’s government remained defiant after Parliament took partial control of the stalled process of leaving the European Union, arguing Tuesday that the maneuvering simply underscores the need for lawmakers to approve her twice-defeated deal. By Danica Kirka and Jill Lawless. SENT: 700 words, photos.

APPLE-NEWS SUBSCRIPTION _ Most major U.S. news publishers aren’t participating in what some have called a “Netflix for news” — a $10-a-month subscription service from Apple that offers access to hundreds of magazines and a handful of newspapers. By Tali Arbel. SENT: 940 words, photo.

With:

APPLE-NEW SERVICES-THE RUNDOWN _ It took a while, but finally — and with the carefully curated help of Oprah, Big Bird and Goldman Sachs — Apple has at last unveiled a new streaming TV service, its own branded credit card and a news subscription product. By Barbara Ortutay. SENT: 800 words, photos.

And:

APPLE-CREDIT CARD _ Apple is hoping a credit card will entice more iPhone owners to use Apple Pay. How does the Apple Card stack up against what’s already out there? By Sarah Skidmore Sell. UPCOMING by 3 p.m.

OPIOID LAWSUIT-OKLAHOMA _ Oklahoma’s attorney general will announce a settlement Tuesday with one of 13 drug manufacturers named in a state lawsuit that accuses them of fueling the nation’s opioid epidemic, but the other companies still face what’s expected to be the first of numerous state lawsuits to go to trial. By Ken Miller and Geoff Mulvihill. SENT: 550 words, photo. UPCOMING: Will be updated from 2:30 p.m. news conference.

With:

_ OPIOID LAWSUIT-OKLAHOMA-THE LATEST _ Running updates.

MARKETS & ECONOMY:

FINANCIAL MARKETS _ Stocks rose broadly in early trading on Wall Street, erasing the market’s modest losses from a day earlier. By Alex Veiga. SENT: 450 words, photos. UPCOMING: Will be updated through trading, about 700 words by 5 p.m.

HOME CONSTRUCTION _ The number of homes under construction fell 8.7 percent in February, as ground breakings for single-family houses plunged to their lowest level in nearly two years. By Josh Boak. SENT: 270 words, photo.

CONSUMER CONFIDENCE _ The Conference Board releases its February index on U.S. consumer confidence. UPCOMING.

HOME PRICES _ U.S. home prices rose at their slowest pace in more than six years in January, as higher mortgage rates weighed on sales. By Christopher Rugaber. SENT: 130 words. UPCOMING: Will be updated.

INDUSTRY:

ETHIOPIA-PLANE CRASH _ An Ethiopian official said a preliminary report on the plane crash that killed 157 on March 10 will be made public later this week. The final report may take months to complete but a preliminary report may be released “anytime soon,” said the spokesman for Ethiopia’s transport ministry. By Elias Meseret. SENT: 330 words, photos.

NCAA-TOURNAMENT MONEY _ There are 32 conferences in Division I basketball and they make millions from the NCAA tournament. But more of that money has been going to the richest conferences in recent years, making it even harder for mid-majors to compete. By Ralph Russo. SENT: 1,500 words, photos.

TECHNOLOGY & MEDIA:

UBER-CAREEM ACQUISITION _ Ride-hailing service Uber announced on Tuesday it has acquired Mideast competitor Careem for $3.1 billion, giving the San Francisco-based firm the commanding edge in a region with a large young, tech-savvy population. By Aya Batrawy and Fay Abuelgasim. SENT: 550 words, photos.

CHINA-EX-INTERNET CZAR _ China’s former internet censor, who once held high-profile meetings with industry leaders such as Apple CEO Tim Cook and Facebook founder Mark Zuckerberg, was sentenced to 14 years in prison on corruption charges Tuesday. SENT: 410 words, photo.

TRADE:

CONGRESS-TRADE _ The White House and business groups are stepping up efforts to win congressional approval for the U.S.-Mexico-Canada trade accord . But prospects are uncertain given that Republicans are at odds with some aspects of the plan and Democrats are in no hurry to secure a political victory for the president. By Kevin Freking. SENT: 850 words, photo. UPCOMING: Will be updated, House meeting scheduled for 3:15 p.m.

Also:

EUROPE-CHINA _ Leaders of China, France, Germany and the European Commission agreed Tuesday to seek fairer global trade rules and work together to face the world’s economic and security challenges — in an implicit response to the United States’ protectionist policies. By Sylvie Corbet. SENT: 350 words, photos.

PERSONAL FINANCE:

NERDWALLET-MILLENNIAL MONEY-DEBT TIPS _ There isn’t always one clear way to pay off a debt. Should you consolidate? Challenge what you owe? Seek debt relief? Here are tips to help you resolve your debt faster — and for less money. By Sean Pyles of NerdWallet. SENT: 800 words, photo.

Business News Supervisor Dorothea Degen (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 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