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BC-APFN-Business News Digest

November 26, 2018

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:

G20-TRUMP-XI — When President Donald Trump meets this week with his Chinese counterpart, Xi Jinping, at the Group of 20 summit in Argentina, the fate of global trade is on the agenda. Unless the two leaders can achieve a truce of sorts, the trade war between their two nations will likely escalate: On Jan. 1, the tariffs the Trump administration has imposed on many Chinese goods are set to escalate, and Beijing has vowed to respond in kind. Most analysts have said they doubt Trump and Xi will reach any overarching deal this week that would settle the dispute for good. The optimistic view is that the two sides may agree to a temporary cease-fire that would buy time for more substantive talks. By Paul Wiseman. SENT: 1,170 words, photos.

GENERAL MOTORS-RESTRUCTURING — General Motors will lay off 14,700 factory and white-collar workers in North America and put five plants up for possible closure as it restructures to cut costs and focus more on autonomous and electric vehicles. By Tom Krisher and Rob Gillies. SENT: 670 words, photo. Incorporates GENERAL MOTORS-PLANT CLOSURE.

NISSAN-GHOSN-MITSUBISHI — The board of Japanese automaker Mitsubishi Motors, which is allied with Renault and Nissan, vote to dismiss Carlos Ghosn as its chairman after his arrest last week, citing a lack of trust. By Yuri Kageyama. SENT: 410 words, photos.

With:

JAPAN-AUTO ALLIANCES — he arrest of Nissan’s former chief executive Carlos Ghosn is raising serious questions about the future of the alliance among automakers Nissan, Renault and Mitsubishi Motors that he was so instrumental in forging. The Associated Press takes a look at historical alliances and why they folded. By Yuri Kageyama. UPCOMING.

Also moved previously:

NISSAN-RENAULT-CARLOS GHOSN UP CLOSE — A trailblazer and visionary in the auto industry, Carlos Ghosn is also a highflyer prone to excesses that may have helped bring on his surprise downfall as head of the world’s best-selling auto group. By Elaine Ganley. SENT: 1,100 words, photos. First sent in a previous cycle, has been updated with Ghosn’s dismissal as chairman of Mitsubishi.

IMPLANT FILES-BREAST IMPLANTS — When a medical device causes harm, the U.S. Food and Drug Administration is supposed to be notified so that it can take action to protect the public. But the agency’s public database of malfunctions, injuries and deaths suspected of being related to medical devices is so full of incomplete information that for a decade women believed the problems associated with breast implants had been resolved. They weren’t. By Meghan Hoyer. SENT: 3,100 words, photos. An abridged version of 1,000 words also is available. A joint investigation by The Associated Press and the International Consortium of Investigative Journalists.

With:

IMPLANT FILES-FDA REACTION — US health officials said Monday they plan to overhaul the nation’s decades-old system for approving most medical devices, which has long been criticized by experts for failing to catch problems with risky implants and medical instruments. By Matthew Perrone. SENT: 500 words.

And:

IMPLANT FILES-UNIQUE IDENTIFIERS — The FDA is slowly rolling out a plan to put unique identification codes on medical devices to better track problems. But without a place to put the codes on insurance claims or in electronic health records, advocates worry they may not do much good to protect patients from defective products. Says medical researcher Joel Weissman, “this is really about protecting patients from defective or ineffective products.” By Meghan Hoyer. SENT: 680 words.

MARKETS & ECONOMY:

FINANCIAL MARKETS — Global stocks are rising as big technology and retail stocks in the U.S. recover some of their recent losses on the first full trading day of the holiday shopping season. Indexes in Europe and Asia are also higher. By Marley Jay. SENT: 980 words, photos. UPCOMING: Will be updated through 5 p.m.

INDUSTRY:

AUTO SHOW-TESLA COMPETITION — In a renovated old cash register factory in suburban Detroit, 300 engineers are toiling away on an all-electric pickup truck and an SUV that they hope can take on Tesla. By Tom Krisher. SENT: 850 words.

CVS-AETNA COMBINATION — Shares of CVS Health and Aetna are rising with the companies now saying they expect to close their $69 billion tie-up later this week. SENT: 130 words.

SMALLBIZ-GET STARTED — The holiday season can be a motivation and productivity killer at some small businesses. Staffers may spend time chatting or shopping online, ask to leave early for children’s holiday events or just not be in the mood to work. By Joyce M. Rosenberg. SENT: 530 words, photos.

REPEATED FLOOD LOSSES — After Hurricanes Florence and Michael, the nation’s financially troubled, taxpayer-backed flood insurance program is likely to restore homes and businesses that have already been rebuilt repeatedly, sometimes at costs totaling more than the building is worth. By Emery P. Dalesio. SENT: 140 words, photos.

VENEZUELA-CITGO — Venezuela will hold onto its U.S.-based Citgo refineries, settling a lawsuit that threw ownership of the struggling country’s prized assets into peril. SENT: 140 words.

TECHNOLOGY & MEDIA:

BRITAIN-FACEBOOK — Britain’s parliament has seized confidential Facebook documents from the developer of a now-defunct bikini photo searching app as it seeks answers from the social media company about its data protection policies. By Kelvin Chan. SENT: 400 words, photo.

FOX NATION — The new streaming service Fox Nation that launches Tuesday is aimed at people who don’t think Fox News Channel offers enough opinion. By David Bauder. SENT: 830 words, photos.

SUPREME COURT-IPHONE APPS — Apple is at the Supreme Court to defend the way it sells apps for iPhones against claims by consumers that the company has unfairly monopolized the market. By Mark Sherman. SENT: 500-word setup. Developing from 10 a.m. arguments, update expected late morning.

Also:

HOLIDAY SHOPPING-SUPREME COURT — Shoppers heading online to purchase holiday gifts will find they’re being charged sales tax at some websites where they weren’t before. The reason: the Supreme Court. By Jessica Gresko. SENT: 800 words, photo. First moved in a previous cycle.

PERSONAL FINANCE:

NERDWALLET-LIZ WESTON-5 GUIDELINES-HOLIDAY TIPPING — Holiday tips are a way to thank the people who make your life easier. So why is it so hard to figure out whom to tip and how much? By NerdWallet columnist Liz Weston. SENT: 810 words, photos.

INTERNATIONAL:

BREXIT — Prime Minister Theresa May made a blunt appeal to skeptical lawmakers on Monday to back her divorce deal with the European Union: It isn’t perfect, but it’s all there is, and the alternative is a leap into the unknown. By Jill Lawless. SENT: 670 words, photos.

With:

BREXIT-WHAT NEXT? — Britain and the European Union have signed their divorce papers, but that’s not the end of the 45-year relationship. It’s just the start of a British political battle over the separation. So what’s next? By Jill Lawless. SENT: 740 words, photos.

WORLD CUP-QATAR’S PREP — Four years out from hosting the 2022 FIFA World Cup, Qatar wants you to know it’s growing. It has the money, billions of dollars in fact, from its vast natural gas deposits. Navigating the political and cultural stakes the World Cup brings is another matter. By Will Graves. SENT: 2,200 words, photos. An abridged version of 900 words also is available.

GERMANY-ECONOMY — A closely watched survey is showing a slightly bigger-than-expected decline in German business confidence after the economy shrank in the third quarter. SENT: 140 words.

EUROPE-ECONOMY — European Central Bank head Mario Draghi is renewing his pleas to fix flaws in the 19-country euro currency, urging European leaders to adopt a central spending capacity to buffer individual governments against financial crises. By David McHugh. SENT: 370 words.

FRANCE-GAS PRICE PROTESTS —French President Emmanuel Macron’s government vowed Monday an “uncompromising” stance toward troublemakers who use protests over rising fuel taxes to damage businesses and clash with police — including in the heart of Paris, on the glittering Champs-Elysees. By Sylvie Corbet and Angela Charlton. SENT: 480 words, photos.

MONEY & MARKETS SUMMARY:

SPOTLIGHT

General Motors’ stock rose after the company said it will cut up to 14,000 jobs in North America and consider closing five plants as it focuses more on self-driving and electric vehicles.

CENTERPIECE

Tracking trades

Federal regulators have moved to provide investors with new detailed information about how brokers handle, route and execute their stock trading orders.

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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