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.
ECONOMY-JOBS REPORT _ U.S. employers shrugged off last month’s partial government shutdown and engaged in a burst of hiring in January, adding 304,000 jobs, the most in nearly a year. The healthy gain the government reported Friday illustrated the job market’s durability nearly a decade into the economic expansion. The U.S. has now added jobs for 100 straight months, the longest such period on record. By Christopher Rugaber. SENT: 910 words, photos.
_ ECONOMY-JOBS REPORT-DEMOGRAPHICS-GLANCE
_ ECONOMY-JOBS REPORT-INDUSTRIES-GLANCE
SUPER BOWL-ADS-10 ADS TO WATCH FOR _ From Jeff Bridges and Sarah Jessica Parker touting Stella Artois to Luke Wilson as a close talker for Colgate Total, here are 10 ads to watch for during the big game on Sunday. By Mae Anderson. SENT: 110 words, photos.
SCIENCE SAYS-BRAIN TINGLES _ A new Super Bowl commercial will expose a vast audience to an internet craze known as ASMR, or autonomous sensory meridian response. By Carla K. Johnson. SENT: 1,040 words, photo, video.
SUPER BOWL-SPORTS BETTING-LAS VEGAS _ Las Vegas is not worried about the competition from casinos in other states that for the first time Sunday will also offer football fans a chance to bet on the Super Bowl. By Regina Garcia Cano. SENT: 880 words, photos.
STARBUCKS-SCHULTZ _ For Starbucks, former CEO Howard Schultz is both a hero and a headache. Schultz spent more than 30 years at Starbucks, growing a handful of coffee shops into a much-admired global brand. But now, as the billionaire decides whether to run for president as an independent, Starbucks will have to tread carefully if it wants to keep customers from both sides of the political spectrum. Some Democrats are already boycotting the brand to protest Schultz, and his candidacy could remind conservatives of their own battles with him over the years. By Dee-Ann Durbin. SENT: 900 words, photos.
APPLE-FACETIME FLAW-TEEN DISCOVERY _ At the heart of Apple’s shocking FaceTime bug, which allowed just about anyone to turn an iPhone into a live microphone, stands a 14-year-old boy in Tucson, Arizona, who stumbled upon the eavesdropping flaw more than a week before Apple took action. By Matt O’Brien. SENT: 940 words, photos.
NET NEUTRALITY-LEGAL FIGHT _ Tech companies and nearly half a dozen U.S. states are clashing with the Trump administration in federal court over the repeal of net neutrality, a set of rules aimed at preventing big internet providers from discriminating against certain technology and services. By Marcy Gordon. SENT: 160-word setup. UPCOMING: Will be updated from hearing, scheduled for 9:30 a.m.
MARKETS & ECONOMY:
FINANCIAL MARKETS _ Stocks are mostly higher in morning trading on Wall Street Friday after a surge in hiring in January was tempered by a weak revenue forecast by Amazon. By Damian J. Troise. SENT: 540 words, photos. UPCOMING: Will be updated through 5 p.m.
ECONOMY-MANUFACTURING _ American factories grew at a slightly faster pace in January than in the previous month when there had been a big slowdown in manufacturing activity. By Martin Crutsinger. SENT: 120 words, photos.
CONSTRUCTION SPENDING _ U.S. construction spending edged up in November as a gain in home building helped offset weakness in nonresidential construction. By Martin Crutsinger. SENT: 140 words, photos.
GERMANY-EARNS-DEUTSCHE BANK _ Germany’s struggling Deutsche Bank suffered another loss in the fourth quarter as it faces a raft of issues including a steeply lower share price, merger speculation and continuing legal questions. By David McHugh. SENT: 720 words, photo.
EARNS-MERCK _ Higher medicine sales and lower restructuring and other costs lifted drugmaker Merck to a $1.83 billion profit in the fourth quarter, as it edged past Wall Street expectations. By Linda A. Johnson. SENT: 620 words, photo.
EARNS-EXXON MOBIL _ Exxon Mobil increased revenue during a volatile fourth quarter for world oil markets, but profit fell 28 percent from a year earlier, when Exxon booked a huge gain from lower corporate tax rates. SENT: 380 words, photo.
JAPAN-EARNS-SONY _ Japanese electronics and entertainment company Sony posted a 45 percent surge in its October-December profit thanks to tax cuts, a favorable exchange rate and gains in its music and movies segment. SENT: 210 words, photos.
FOXCONN-WISCONSIN _ Foxconn Technology Group says that after its chairman spoke with President Donald Trump the Taiwanese company plans to proceed with plans to construct a plant in Wisconsin that will make screens that can be used for small electronic devices. SENT: 150 words..
BRITAIN-BP-CLIMATE CHANGE _ Energy giant BP says it will support a resolution from a group of institutional investors to describe how its strategy is consistent with the Paris climate change accords _ a reflection of how investor pressure is putting global warming on the boardroom agenda. By Danica Kirka. SENT: 460 words.
TECHNOLOGY & MEDIA:
MYANMAR-JOURNALISTS _ A lawyer for two Reuters journalists sentenced to seven years in prison on charges of violating Myanmar’s Official Secrets Act filed an appeal Friday with the Supreme Court seeking to overturn their convictions. SENT: 630 words, photos.
JAPAN-NINTENDO _ Nintendo’s president says the Kyoto-based video game maker behind the Super Mario and Pokemon franchises is counting on business outside the game sector for future growth as sales for its Switch console machines fall short of forecasts. By Yuri Kageyama. SENT: 320 words, photos.
VICE MEDIA-LAYOFFS _ Vice Media is cutting 250 jobs globally as it seeks to shore up its profitability. It is the latest round of layoffs as the media industry contracts. SENT: 140 words, photos.
BREXIT _ Nearly a third of U.K. firms may shift operations abroad because of Britain’s pending departure from the European Union, a survey of 1,200 company directors suggested Friday, as political stalemate over a Brexit deal heightened jitters among businesses. By Jill Lawless and Danica Kirka. SENT: 870 words, photos.
BANGLADESH-BANK HEIST _ Bangladesh’s central bank has filed a lawsuit in a New York court against a Philippine bank, seeking damages and the return of $81 million stolen from its account with the Federal Reserve Bank of New York in 2016. SENT: 520 words, photos.
EUROPE-ECONOMY _ Inflation in the 19-country eurozone eased in January, a potential sign of economic weakness for a region beset by multiple challenges, from Brexit to disputes in international trade. SENT: 130 words, photo.
EUROPE-US-TRADE-STEEL _ The European Union says it is introducing new measures to prevent steel produced for the U.S. market from flooding into Europe instead because of tariffs introduced by President Donald Trump. SENT: 130 words.
EUROPE-JAPAN-TRADE _ The European Union and Japan usher in a landmark trade deal they say will boost business between the two economic powers and sends the message that international pacts still have a purpose in an age of increasing protectionism. By Raf Casert. SENT: 390 words, photo.
INDIA-BUDGET _ Indian Prime Minister Narendra Modi’s government announces cash handouts for small farmers, an informal pension scheme and a doubling of tax relief for the lower middle class in an interim budget designed to shore up its popularity ahead of national elections due before May. By Ashok Sharma. SENT: 570 words, photos.
MONEY & MARKETS SUMMARY:
Amazon said that the strong holiday season helped it reach a new revenue record, but the online shopping giant issued a modest forecast, drawing some concern from investors.
Last month’s government shutdown resulted in the closure of most of the Securities and Exchange Commission, meaning companies that wanted to raise capital by selling shares to the public were out of luck.
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