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BC-APFN-Business News Digest

December 31, 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:

CHINA-MANUFACTURING — China’s factory activity shrank in December for the first time in more than two years, an official survey showed, intensifying pressure on Beijing to reverse an economic slowdown as it enters trade talks with the Trump administration. By Joe McDonald. SENT: 490 words, photos.

YE--EUROPE’S YEAR — A look at the major events and challenges that will shape the coming year in the 28-country — soon to be 27 after Brexit — European Union. By David McHugh. SENT: 900 words, photos.

And:

BREXIT — The U.S. ambassador to Britain has cast doubts on whether a major bilateral trade deal can be reached if Parliament approves the Brexit proposal from Prime Minister Theresa May. SENT: 130 words.

MARKETS & ECONOMY:

FINANCIAL MARKETS — Stocks were moving higher on Wall Street as investors held out new hope for progress in U.S.-China trade frictions. By Alex Veiga. SENT: 720 words, photos. UPCOMING: 700 words by 5 p.m.

INDUSTRY:

JAPAN-NISSAN-GHOSN — Former Nissan chairman Carlos Ghosn will be detained at least through Jan. 11, the Tokyo District Court said, as the once revered auto industry figure faces allegations that have marked a stunning downfall. By Yuri Kageyama. SENT: 630 words, photos.

MICHAEL KORS-CAPRI-NAME CHANGE — Having adding a pair of high-end brands to its stable, Michael Kors is changing its name to Capri. SENT: 190 words, photo.

HEALTH OVERHAUL-LAWSUIT — A federal judge in Texas who recently declared the Affordable Care Act unconstitutional has stayed his ruling to allow for appeals. That means “Obamacare” remains in effect while litigation continues. SENT: 130 words.

SMALL BUSINESS:

SMALLBIZ-GET STARTED — While many business owners know they’ll owe the government less money or perhaps get refunds under the new tax law, others are still unsure about what they might have to pay while they file their returns. By Joyce M. Rosenberg. SENT: 410 words.

PERSONAL FINANCE:

NERDWALLET-WHAT TO BUY — The new year will bring plenty of opportunities to find deals on what you need. If you plan your shopping now, you can save money throughout the year. By Courtney Jespersen. SENT: 1,600 words, photo.

WASHINGTON:

GOVERNMENT SHUTDOWN — House Democrats are introducing a package of bills Monday that would re-open the federal government without approving money for President Donald Trump’s border wall. By Zeke Miller and Lisa Mascaro. SENT: 800 words, photos.

MONEY & MARKETS SUMMARY:

SPOTLIGHT

‘Bird Box’ lifts Netflix

Netflix’s stock price soared after the streaming video company said more than 45 million accounts have watched its new movie “Bird Box,” starring Sandra Bullock.

CENTERPIECE

Slower auto sales forecast in 2019

U.S. auto sales will fall slightly in 2019 after remaining above 17 million for four years running, according to industry analysts.

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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