BC-Business News Digest
Here are AP Business News’ latest coverage plans, top stories and promotable content. All times EDT. For up-to-the minute information on AP’s coverage, visit Coverage Plan at newsroom.ap.org.
APPLE SHOWCASE — New iPhones, including Apple’s biggest and most expensive yet, are expected to be unveiled Wednesday at a company event in Cupertino, California. By Michael Liedtke. SENT: 420 words, photos. UPCOMING: Will be updated after the event starts at 1 p.m., photos, video.
APPLE SHOWCASE-THE LATEST — Running updates.
TROPICAL WEATHER-ECONOMIC DAMAGE — Stores, restaurants and factories will close. Shipping will face disruptions at ports in Charleston and possibly Virginia Beach, upending supply chains and the movement of cargo. Those stoppages, in turn, will likely interrupt other business activity, like auto plants in South Carolina, where BMW, Volvo, Daimler manufacture vehicles. Though it’s far from clear how much economic havoc Hurricane Florence will inflict on the mid-Atlantic region, the damage will not be easily or quickly overcome. By Christopher Rugaber. UPCOMING: 500 words by 11 a.m.
SMALLBIZ-SMALL TALK-LETTING GO — When a business is large enough that the owner must delegate decisions and tasks, even to trusted employees, it can be difficult to cede control. Experts say people need to accept that the tasks they delegate won’t be done perfectly all the time, but delegating allows employees to grow and lets owners concentrate on things only they can truly do. By Joyce M. Rosenberg. SENT: 840 words, photos.
ON THE MONEY-PERSONAL LOANS — Personal loans are enjoying a resurgence thanks to everyone from credit card averse millennials to those borrowing for big expenses. Experts weigh in on how to best use this increasingly popular form of debt. By Sarah Skidmore Sell. SENT: 690 words, photos.
IRAN-CHINA — From Chinese goods flooding markets to its business people eager for deals as Western business interests flee, Iran likely will further embrace Beijing as an alternative market for its crude oil and financial transactions amid uncertainty over the nuclear deal. That doesn’t mean China offers a safe haven to Iran without conditions. By Jon Gambrell. SENT: 1,050 words, photos.
MARKETS & ECONOMY:
FINANCIAL MARKETS — U.S. market indexes are wobbling in midday trading as weakness in big technology companies cancels out gains in energy stocks and elsewhere in the market. By Marley Jay. SENT: 580 words, photos. UPCOMING: Will be updated through 5 p.m.
ECONOMY-HOUSEHOLD INCOME — The income of a median U.S. household rose for a third straight year in 2017, boosted by a rise in the number of Americans with full-time, year-round jobs. By Christopher Rugaber. SENT: 760 words, photos.
PRODUCER PRICES — U.S. wholesale prices fell unexpectedly last month for the first time since February 2017, pulled down by falling prices for transportation and warehousing services. The drop suggests that inflationary pressures may be easing despite the strength of the U.S. economy. By Paul Wiseman. SENT: 270 words, photos.
TRUMP-JP MORGAN CEO COMMENTS — The nation’s most powerful banker, JPMorgan Chase Chief Executive Jamie Dimon, is saying he would be able to beat President Donald Trump in an election, but also says he isn’t running for the nation’s top office. By Ken Sweet. SENT: 260 words, photos.
NEW ATLANTIC CITY CASINOS — Figures released by New Jersey gambling regulators show how Atlantic City’s two new casinos did in their first two full months of operation. UPCOMING, timing uncertain.
PIPELINE-IOWA-LANDOWNERS LAWSUIT — The Iowa Supreme Court will hear arguments Wednesday in a lawsuit filed by a group of landowners who claim the forced taking of their land for the Dakota Access oil pipeline through eminent domain is illegal under the Iowa Constitution because it provides no public service to Iowans. UPCOMING, timing uncertain.
MCDONALD’S-SEX HARASSMENT STRIKE — Emboldened by the #MeToo movement, McDonald’s workers have voted to stage a one-day strike next week at restaurants in 10 cities. They want to pressure management to take stronger steps against on-the-job sexual harassment. By David Crary. SENT: 810 words, photos.
TOY HALL OF FAME-FINALISTS — The 12 finalists for the National Toy Hall of Fame’s class of 2018 were announced Wednesday, culled from thousands of nominations. By Carolyn Thompson. SENT: 550 words, photos.
GENERAL MOTORS-BRAKE RECALL — General Motors is recalling more than 240,000 vehicles, mainly in the U.S. and Canada, to fix a problem that could hamper rear brake performance. SENT: 140 words.
E-CIGARETTES-TEENS — U.S. health officials say teenage use of e-cigarette has reached “epidemic” levels and are calling on the industry to address the problem or risk having their flavored products pulled off the market. By Matthew Perrone. SENT: 970 words, photos.
COAL ASH LAWSUIT-VIRGINIA — A federal appeals court has found that Dominion Energy’s discharge of arsenic from a coal ash storage site through groundwater into surrounding waters doesn’t violate the U.S. Clean Water Act. SENT: 140 words.
OPIOID CRISIS-OHIO — Ohio is awarding another round of prizes totaling $2.4 million in its global technology challenge seeking scientific breakthroughs to address the U.S. opioid crisis. By Julie Carr Smyth. SENT: 630 words, photos.
TECHNOLOGY & MEDIA:
EUROPE-ONLINE EXTREMISM — European authorities are planning to slap internet companies like Google and Facebook with big fines if they don’t take down extremist content within one hour. SENT: 360 words, photo.
EUROPE-COPYRIGHT — European Union lawmakers vote in favor of new copyright rules that could shake up the way internet companies use media, books, music and other content posted online. By Lorne Cook and Kelvin Chan. SENT: 490 words, photos.
FILM-A STAR IS BORN-PRODUCER CREDIT — Just as film festival audiences are swooning over Bradley Cooper’s celebrated romance “A Star Is Born,” the film’s studio is distancing itself from a producer of the project. By Jake Coyle. SENT: 430 words, photos.
TRADE-MASTERCARD — Mastercard rolled out a digital trade platform Wednesday designed to make it easier for companies to do business around the world. SENT: 150 words.
GERMANY-RYANAIR STRIKE — German unions have called on Ryanair pilots and flight attendants in the country to stage a one-day strike, citing what they say is the lack of a satisfactory offer on pay and conditions. SENT: 140 words.
VIETNAM-ASEAN — A top Chinese official and leaders of several Southeast Asian countries say that moves by the U.S. to limit trade and protect American businesses pose a grave threat to the world economy. By Elaine Kurtenbach and Minh Van Tran. SENT: 570 words, photos.
BREXIT — Leading Brexit-supporting lawmakers insist that they aren’t about to topple Prime Minister Theresa May, despite strong opposition to her plan for taking Britain out of the European Union. By Jill Lawless. SENT: 650 words, photos.
EUROPE-ECONOMY — Official figures show that industrial production across the 19-country eurozone fell sharply during July, the latest signal that economic growth across the bloc faltered at the start of the third quarter. SENT: 140 words, photo.
BRITAIN-INDIAN TYCOON — Indian entrepreneur Vijay Mallya, once a leading figure among India’s business elite, has resumed his long-running fight against extradition to India on money laundering allegations. By Gregory Katz. SENT: 440 words, photos.
EUROPE-EURO — European Commission President Jean-Claude Juncker says he’ll unveil plans this year to boost the euro’s role in financial markets, which are dominated by the dollar. SENT: 130 words, photos.
BRITAIN-BREXIT-BOOZE — A pub chain founded by a prominent Brexit supporter says it will stop selling French brandy and German Jagermeister liqueur and replace them with products counties that aren’t European Union members. SENT: 200 words, photos.
EUROPE-WIND POWER — McDonald’s customers in the Netherlands will soon be able to buy fast food for their electric cars as well as themselves. SENT: 140 words.
EGYPT-ECONOMY — Egypt’s president has imposed an increase of tariffs on hundreds of imported products, the second time in less than three years. SENT: 120 words.
MONEY & MARKETS SUMMARY:
FDA targets vaping “epidemic”
Shares in Marlboro parent company Altria jumped to a five-month high after the Food and Drug Administration said it plans to combat “an epidemic” of e-cigarette use by teenagers.
Ulta keeping up with Kylie
Cosmetics retailer Ulta Beauty is getting a boost from reality TV star Kylie Jenner, after it announced last week that it would begin selling Jenner’s popular makeup line in stores and online.
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