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BC-APFN-Business News Digest

October 2, 2018

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.

TOP STORIES:

AMAZON-WAGES — Amazon, which has faced political and economic pressure to raise pay for thousands of employees, is boosting its minimum wage for all U.S. workers to $15 per hour starting next month. SENT: 650 words, photos. By Joseph Pisani and Michelle Chapman. SENT: 1,010 words, photos.

With:

AMAZON-WAGES-RIPPLE EFFECTS — Amazon’s move to raise its minimum wage to $15 an hour for all its U.S. employees will likely embolden labor activists to push harder for pay increases. The question is whether its move will ripple through the retail and warehousing industries and actually lead to higher play for workers employed by other companies. By Christopher Rugaber and Josh Boak.  

HOTEL-HOMESHARING — Hotels are good at providing clean, cookie-cutter rooms, but they know that travelers sometimes want more, like a big, cozy kitchen or an extra bedroom for the kids. So big hotel companies are jumping into home-sharing market, hoping to meet customers’ demands and blunt the growth of rivals like Airbnb. Marriott began testing home rentals in London in the spring. This week, it’s expanding that pilot program — called Tribute Portfolio Homes — to Paris, Rome and Lisbon. Marriott will let guests earn or redeem Marriott points at 340 different homes. By Business Writer Dee-Ann Durbin. SENT: 1,130 words, photos.

TRUMP-TRADE — President Donald Trump just muscled Canada on NAFTA, signed a trade deal with South Korea and coaxed a reluctant Japan into agreeing to bilateral trade talks. So is his aggressive approach to trade policy working? He has used tariffs -- and the threat of them -- to win concessions from U.S. allies. But it’s less clear the combative approach will work with China. And critics worry it’s done lasting damage to America’s economic and political relationships. By Paul Wiseman. UPCOMING: 900 words by 3:30 p.m.

AP POLL-YOUNG AMERICANS-ECONOMY — A decade after the global financial crisis, about half of young Americans and their parents are optimistic that better fortunes are ahead for the younger generation, but many still think their prospects will be the same or even worse, according to a new poll by The Associated Press-NORC Center for Public Affairs Research and MTV. By Sarah Sell. SENT: 590 words, photo, graphic.

WEINSTEIN ANNIVERSARY-HOLLYWOOD A YEAR LATER — Is Hollywood a different place a year after the rapid downfall of Harvey Weinstein began? In the time since, guilds have rewritten codes of conduct, film festivals have signed pledges for gender parity and inclusion riders have been implemented by several leading production companies. But interviews with actresses, filmmakers and others make it clear: Hollywood has a long way to go. By Film Writer Jake Coyle. UPCOMING: 1,200 words by 3 p.m., photos.

MARKETS & ECONOMY:

FINANCIAL MARKETS — U.S. stocks are mostly lower as internet companies and retailers slip. By Marley Jay. SENT: 840 words, photos. UPCOMING: Will be updated through 5 p.m.

FEDERAL RESERVE-POWELL — Federal Reserve Chairman Jerome Powell says he sees no need to drop the central bank’s current gradual approach to raising interest rates. By Martin Crutsinger and Steve Leblanc. SENT: 130 words.

SOCIAL SECURITY-MEDICARE — Key posts overseeing the financial health of Social Security and Medicare have been vacant for more than three years, leaving the programs without independent accountability in the face of dire predictions about approaching insolvency. By Ricardo Alonso-Zaldivar. SENT: 850 words, photos.

INDUSTRY:

FAST FOOD WORKERS-PROTESTS — Several people were injured when a pickup truck collided with a group of protesters calling for the right to form unions in Flint, Michigan, in what police said appears to be an accident. By Corey Williams. SENT: 420 words, photos.

DUNKIN-HOMELESS MAN — Dunkin’ Donuts has fired workers who poured water on a homeless man in upstate New York and posted the video online. SENT: 130 words.

REOPENED ATLANTIC CITY CASINOS — A look at how Atlantic City’s two newly reopened casinos — Hard Rock and the Ocean Resort — have done in their first 100 days under new ownership and new branding.

BARCELONA-RECORD REVENUE — According to Spanish soccer club Barcelona, it has become the first sports team in the world to surpass the $1 billion mark in revenue. SENT: 280 words, photos.

EPA-RADIATION ROLLBACK — The Trump administration is quietly moving to weaken U.S. radiation regulations, turning to scientific outliers who argue that a bit of radiation damage is actually good for you — like a little bit of sunlight. By Ellen Knickmeyer. SENT: 1,140 words, photos, graphic.

AUTOS:

TESLA — Tesla Motors successfully ramped up production of its pivotal Model 3 sedan during the summer, fulfilling CEO Elon Musk’s pledge to work out the manufacturing problems that had raised questions about the electric car maker’s future prospects. By Michael Liedtke and Cathcy Bussewitz. SENT: 960 words, photos.

GERMANY-AUDI — Suspended Audi CEO Rupert Stadler is leaving the company, more than three months after he was arrested as part of a probe into parent company Volkswagen’s manipulation of diesel emissions controls. SENT: 220 words, photos.

GERMANY-DIESEL — The German government backs plans to help reduce pollution from diesel vehicles while easing the burden on consumers worried about costly upgrades. By David Rising. SENT: 690 words, photo.

PARIS AUTO SHOW — All-electric vehicles with zero local emissions are among the stars of the Paris auto show, rubbing shoulders with the fossil-fuel burning SUVs that many car buyers love. By David McHugh. SENT: 1,050 words, photos.

HEALTH & MEDICINE:

PREVENTING ALZHEIMERS — It may be too late to stop Alzheimer’s in people who already have some mental decline. But what if a treatment could target the very earliest brain changes while memory and thinking skills are still intact, in hope of preventing the disease? Two big studies are going all out to try. By Marilynn Marchione. SENT: 760 words, photos, video.

SOCIAL SECURITY-MEDICARE — Key posts overseeing the financial health of Social Security and Medicare have been vacant for more than three years, leaving the programs without independent accountability in the face of dire predictions about approaching insolvency. By Ricardo Alonso-Zaldivar. SENT: 880 words, photo.

MEDICAL MARIJUANA-EMPLOYMENT — New court rulings have favored medical marijuana users trying to keep or obtain jobs at drug-testing employers, after a series of decisions against medical pot users nationwide. The latest ruling came in Connecticut where a federal judge says a nursing home violated an anti-discrimination provision of the state’s medical marijuana law when it rescinded a job offer to a woman after she tested positive for cannabis.

PERSONAL FINANCE:

NERDWALLET-ASK BRIANNA-SMALL STUDENT LOANS — Those who owe less than $5,000 in student loans are most likely to fall behind, often because they don’t earn enough to afford their payments. By Nerdwallet columnist Brianna McGurran. SENT: 760 words, photos.

TECHNOLOGY & MEDIA:

DANGEROUS CELEBRITIES — Ruby Rose has played some dangerous characters but the actress herself is now officially dangerous, crowned the most dangerous celebrity on the internet by cybersecurity firm McAfee. By Mark Kennedy. SENT: 350 words, photos.

CANADA-GOOGLE — Google is making its first foray into urban development with a proposal to take a rundown neighborhood of Toronto’s waterfront and develop it perhaps the most wired community in history. But critics have raised alarms about whether the idea gives the tech giant too much data and power. By Rob Gillies. SENT: 960 words, photos.

WTO-TRADE-JACK MA — Alibaba founder Jack Ma said Tuesday that the trade dispute between the U.S. and China could last 20 years. But he expressed hope that a solution could be reached as a trade war would “hurt everybody.” SENT: 330 words, photos.

INTERNATIONAL:

WTO-TRADE-JACK MA — Alibaba founder Jack Ma says the trade dispute between the U.S. and China could last 20 years. But he expressed hope that a solution could be reached as a trade war would “hurt everybody.” SENT: 330 words, photo.

EUROPE-ECONOMY — In a bleak assessment, credit ratings agency Moody’s warned that Europe remains highly vulnerable to another economic downturn despite all its fire-fighting efforts over the past few years. By Pan Pylas. SENT: 480 words, photo.

ITALY-ECONOMY — Italy’s leaders refused to budge from new spending targets that have been spooking investors recently and prompted concerns from the country’s partners in eurozone. By Colleen Barry. SENT: 700 words, photo.

INDONESIA-PALU’S PLIGHT — Palu, the Indonesian city devastated by an earthquake, tsunamis and mudslides, has strived to transform itself into a major trading hub, but the city’s buildings and other infrastructure were no match for the triple whammy that has left more than 1,200 people dead. By Elaine Kurtenbach. SENT: 680 words, photos.

BREXIT — Pressure mounts on British Foreign Secretary Jeremy Hunt to apologize for recent remarks comparing the European Union to the Soviet Union. By Raf Casert. SENT: 430 words, photo.

GERMANY-IMMIGRATION — The German government says it will expand a system of six-month visas allowing people from outside the European Union to seek jobs as it tries to tackle a shortfall of skilled workers. By Geir Moulson. SENT: 540 words, photo.

IRAN — Iran’s currency, the rial, unexpectedly rallied Tuesday after weeks of depreciation following President Donald Trump’s decision to withdraw America from Tehran’s nuclear deal with world powers, sending Iranians rushing to exchange shops to cash in. By Nasser Karimi and Jon Gambrell. SENT: 710 words, photos.

ISRAEL-TYCOON IN PRISON — One of Israel’s most prominent businessmen has entered prison to begin a three-year term for securities fraud. SENT: 140 words, photo.

YEMEN — SYemen’s weak Central Bank is getting a $200 million cash infusion from Saudi Arabia to shore up its reserves after the currency went into freefall, sparking further concerns for the world’s worst humanitarian crisis. By Ahmed Al-Haj. SENT: 570 words, photos.

BRITAIN-CONSERVATIVES — Former Foreign Secretary Boris Johnson revved up Britain’s Conservative Party Tuesday and ramped up pressure on Prime Minister Theresa May, condemning her proposed divorce deal with the European Union as a “cheat” that would keep the country manacled to the bloc. By Jill Lawless. SENT: 860 words, photos.

MONEY & MARKETS SUMMARY:

SPOTLIGHT

Turbulence ahead

Delta Air Lines shares slumped Tuesday after the company’s third-quarter outlook disappointed investors.

CENTERPIECE

Wireless at home

Cellular companies such as Verizon are looking to challenge traditional cable companies with residential internet service that promises to be ultra-fast, affordable and wireless.

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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