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.
BREXIT _ European Union leaders took back control of the Brexit process from British Prime Minister Theresa May, saying Friday they believe the risks were too great and that action was needed to protect the smooth running of the world’s biggest trading bloc. By Lorne Cook and Samuel Petrequin. SENT: 800 words, photos.
BREXIT-WHAT NEXT? _ Extra time has been added to the Brexit countdown clock. The European Union has granted Britain a few more weeks to overcome its political deadlock and chart a smooth road out of the bloc — or change its mind and seek a much longer delay. Here’s a look at what might happen next. By Jill Lawless. SENT: 720 words, photos.
INDONESIA-BOEING CANCELLATION _ In a blow for Boeing, Indonesia’s flag carrier is seeking the cancellation of a multibillion dollar order for 49 of the manufacturer’s 737 Max 8 jets, citing a loss of confidence after two crashes in the past six months. By Niniek Karmini. SENT: 450 words, photos.
GENERAL MOTORS-JOBS _ General Motors is expected to announce a hundreds of new jobs and a multimillion dollar investment in a factory north of Detroit to build a new electric vehicle. The announcement comes just a few days after President Donald Trump attacked the company for closing an assembly plant in Ohio. By Mike Householder and Tom Krisher. SENT: 250 words. UPCOMING: Will be updated, photos.
MARKETS & ECONOMY:
FINANCIAL MARKETS _ Stocks are opening lower on Wall Street led by declines in banks and industrial companies. SENT: 600 words, photos. UPCOMING: Will be updated through trading, about 700 words by 5 p.m.
HOME SALES _ U.S. home sales soared 11.8 percent in February, aided by accelerating wages and falling mortgage rates that are improving affordability. By Josh Boak. SENT: 250 words. UPCOMING: Will be updated, photo.
BUDGET DEFICIT _ The Treasury Department releases federal budget data for February. By Martin Crutsinger. UPCOMING: 130 words after release of report at 2 p.m. 250 words by 2:45 p.m.
UNITED STATES-NORTH KOREA _ The Trump administration on Thursday sanctioned two Chinese shipping companies suspected of helping North Korea evade sanctions — the first targeted actions taken against Pyongyang since its nuclear negotiations with the U.S. in Hanoi last month ended without agreement. By Deb Reichmann. SENT: 350 words, photos.
CHINA-US-NKOREA _ China says it will look into charges against two Chinese firms sanctioned by the U.S. for suspected violations of sanctions against North Korea. SENT: 130 words.
NKOREA-SHORTAGES AND SANCTIONS _ While North Korean factories are churning out better and fancier foods and drinks, officials say the country could be on the verge of a major food shortage. By Eric Talmadge. SENT: 1,100 words, photos.
CHINA-BELT AND ROAD _ Despite criticisms, Beijing has been steadily gathering support for its “Belt and Road” initiative, which aims to weave a network of ports, bridges and power plants linking China with Africa, Europe and beyond. By Christopher Bodeen and Ken Moritsugu. SENT: 760 words, photos.
CHINA-CHEMICAL PLANT BLAST _ A massive explosion at a chemical plant in eastern China with a long record of safety violations has killed at least 47 people and injured hundreds of others, 90 of them seriously. By Christopher Bodeen. SENT: 750 words, photos.
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