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BC-Business News Digest

February 15, 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:

AMAZON-HQ-ECONOMIC IMPACT _Amazon’s decision to walk away from New York City could scare off other tech companies considering moving to or expanding in the city. That’s according to experts analyzing the e-commerce giant’s sudden cancellation of plans to build a massive headquarters in Queens. By Michael R. Sisak and Joshua Boak. SENT: 900 words, photos.

With:

AMAZON-BEZOS-BRAND _ It’s been a complicated few weeks for Amazon, what with its unexpected pullout from a massive New York City development and extortion claims related to intimate selfies taken by its founder Jeff Bezos, While these events seem unlikely to pose much threat to Amazon’s business, they’re indicative of the mounting challenges the e-commerce giant faces as it grows larger and more dominant. By Rachel Lerman and Mae Anderson. SENT: 750 words, photos.

And:

AMAZON-HQ-REJECTED _ Eighteen North American cities were jilted when Amazon picked New York for part of its HQ2, but now that the retailer is pulling out of the city some of the rejected competitors are reminding the company they’re still interested. By Michael Catalini. UPCOMING: 800 words by 10 a.m.

CHINA-US-TRADE TALKS _ With a deadline looming, U.S. and Chinese negotiators will hold more talks in Washington next week aimed at ending a battle over Beijing’s technology ambitions. The announcement came after U.S. Trade Representative Robert Lighthizer told Chinese President Xi Jinping that negotiators had “made headway” on important issues in two days of talks that wrapped up Friday in Beijing. By Joe McDonald. SENT: 750 words, photos.

Also, Only on AP:

TRUMP-STEEL TARIFFS _ Despite President Donald Trump’s tough talk on trade, his administration has granted hundreds of companies permission to import millions of tons of steel made in China, Japan and other countries without paying the hefty tariff he put in place to protect U.S. manufacturers and jobs, according to an Associated Press analysis. By Richard Lardner and Larry Fenn. SENT: 1,300 words, photo.

With:

TRUMP-AUTO TARIFFS _ By Sunday, President Donald Trump’s Commerce Department is expected to issue its opinion on whether auto imports endanger U.S. national security enough to justify imposing tariffs of 20 to 25 percent on imported autos and auto parts. By Tom Krishner and Paul Wiseman. SENT: 1,350 words, photos.

INDIA-IKEA _ Swedish giant Ikea is tackling the $40 billion Indian market for home furnishings, taking on local furniture makers in places like Hyderabad’s bustling Nampally market. Ikea hopes to win over India’s growing consumer class with its clean, air-conditioned stores. It says India is a test case for whether to keep shifting resources toward emerging economies. By Omer Farooq. SENT: 980 words, photos.

MARKETS & ECONOMY:

FINANCIAL MARKETS _ Stocks are opening higher on Wall Street after Chinese and U.S. officials agreed to continue trade talks in Washington next week. SENT: 450 words, photos. UPCOMING: Will be updated through trading, about 700 words by 5 p.m.

INDUSTRIAL PRODUCTION _ U.S. industrial production fell 0.6 percent in January, a decline caused in large part by an 8.8 percent plunge in the making of motor vehicles and auto parts. By Josh Boak. SENT: 380 words, photos.

EARNINGS:

EARNS-DEERE _ Deere & Co. said its first-quarter earnings were hurt by higher material costs and trade policies that have made farmers reluctant to make major purchases. SENT: 130 words. UPCOMING: Will be updated.

EARNS-PEPSICO _ PepsiCo moved to a profit in its fourth quarter, getting a boost from a large tax benefit as sales in its Frito-Lay unit North America strengthened. SENT: 220 words, photos.

INDUSTRY:

RUSSIA-US INVESTOR _ A veteran U.S. investment fund manager is detained in Moscow and faces fraud charges in a case that’s likely to rattle the Russian business community. By Nataliya Vasilyeva and James Ellingworth. SENT: 420 words.

EUROPE-CAR SALES _ The European carmakers’ association says new passenger car sales in the region dropped by 4.6 percent in January, weighed down by big declines in Spain and Italy. SENT: 130 words, photo.

TECHNOLOGY & MEDIA:

SWEDEN-TELECOMS-UZBEKISTAN _ Three former executives of telecom company Telia are acquitted of paying bribes in Uzbekistan, with the Swedish court citing lack of evidence. SENT: 250 words.

INTERNATIONAL:

ITALY-FRANCE-TUNNEL WARS _ A project to build a high-speed rail tunnel through the Alps, meant to speed up journeys between France and Italy, is moving extraordinarily slowly because of an internal quarrel in Italy’s government. By Colleen Barry. SENT: 1,050 words, photos.

INDONESIA-FIRES _ Indonesian plantation companies fined for burning huge areas of land since 2009 have failed to pay hundreds of millions of dollars in penalties meant to hold them accountable for actions that took a devastating environmental and human toll. By Stephen Wright. SENT: 780 words, photo.

BREXIT _ France’s Europe minister is urging Britain to “hurry up” and decide whether it’s leaving the European Union with or without a deal. SENT: 130 words, photos.

With:

BRITAIN-ECONOMY _ Official figures show the average British consumer shrugged off uncertainty surrounding Brexit at the start of the year. SENT: 130 words.

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.

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