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BC-Business News Digest

April 2, 2019

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:

FACEBOOK-SOLAR ENERGY SCAM _ Hundreds of ads running on Facebook for more than a year promised that governors across the country had signed off on big tax breaks for U.S. homeowners who wanted to install new solar energy panels. But the tax incentives didn’t exist. By Amanda Seitz and Mae Anderson. UPCOMING: About 850 words by noon, photos, video.

BREXIT _ EU chief negotiator Michel Barnier warns that Britain’s disorderly exit from the European Union is becoming more likely by the day unless the U.K. drastically changes its spiraling course toward a no-deal Brexit. By Raf Casert and Danica Kirka. SENT: 600 words, photos. UPCOMING: Will be updated.

With:

_ BREXIT-WHAT NEXT? _ After lawmakers three times rejected the government’s Brexit deal, and twice failed to agree on any other options, the U.K. has just 10 days to come up with a new plan or crash out of the 28-nation bloc. A look at what might happen next. By Jill Lawless. SENT: 900 words, photos.

_ BREXIT-THE LATEST _ Running updates.

MARKETS & ECONOMY:

FINANCIAL MARKETS _ U.S. stocks moved broadly lower on Wall Street in early trading on Tuesday, reversing course from a three-day rally. By Damian J. Troise. SENT: 300 words, photos. UPCOMING: Will be updated through trading, about 700 words by 5 p.m.

WORLD TRADE _ The World Trade Organization has cut its forecast for trade growth this year by more than a percentage point, to 2.6%, due to an economic slowdown and amid a trade conflict between the United States and China. By Jamey Keaten. SENT: 330 words, photo.

DURABLE GOODS _ Orders to U.S. factories for big-ticket manufactured goods fell 1.6% in February, the biggest drop in four months, reflecting a plunge in the volatile commercial aircraft category. Demand in a key sector used to track business investment decisions also declined in February. By Martin Crutsinger. SENT: 350 words, photo.

EARNINGS:

WALGREENS-RESULTS _ Walgreens slashed its 2019 forecast after falling short of expectations in what its CEO described as the most difficult quarter since the company was formed a few years ago. By Tom Murphy. SENT: 470 words, photo.

INDUSTRY:

SINGAPORE-BOEING _ Singapore Airlines has grounded two of its Boeing 787-10 aircraft due to engine issues, the carrier said Tuesday. SENT: 150 words, photos.

AUTOS:

COMPACT SUV COMPETITION _ Ford hopes to regain a dominant position in the compact SUV segment when it rolls out a revamped version of the Escape in the fall. Just six years ago the Escape was the second-biggest player in the fastest-growing part of the U.S. market with more than 16 percent of the segment’s sales. Last year it had only 6 percent. The new Ford looks sleeker and weighs 200 pounds less than the current version. By Tom Krisher. UPCOMING: About 750 words by 11 a.m., photos.

AUTO SALES _ Auto sales were expected to fall 2% to 3% in the first quarter, another sign that the U.S. economy is starting to slow. The drop reported by automakers comes a day after the government reported slowing retail sales for February. By Tom Krisher. UPCOMING: 600 words by 6 p.m.

FRANCE-RENAULT-GHOSN _ French carmaker Renault SA’s board will hold a special meeting to discuss recent results of its internal investigation of its former boss Carlos Ghosn, amid reports of suspicious payments under his watch. By Angela Charlton. SENT: 350 words, photos.

TECHNOLOGY & MEDIA:

LYFT-SHARES _ Shares in the ride-haling company Lyft, the hottest new public stock offering in years, are falling sharply for a second consecutive day. SENT: 130 words, photo. UPCOMING: Will be updated.

US MEDIA-FIGHTING BACK _ News industry leaders are fighting back against the charge by President Donald Trump and his supporters that the administration’s summation of special counsel Robert Mueller’s report proved that journalists were “so wrong for so long” in their coverage of the Russia investigation. By David Bauder. UPCOMING.

PERSONAL FINANCE:

NERDWALLET-MILLENNIAL MONEY-CREDIT BASICS _ Thanks to access to credit scores, millennials have better insight into their finances than previous generations. But to understand your numbers, you need to know the basics of credit, such as how scores are built, and to let go of some misconceptions that get in the way of good financial habits. By Amrita Jayakumar of NerdWallet. UPCOMING: 800 words, photo by 11 a.m.

INTERNATIONAL:

NEW ZEALAND-GUN LAWS _ New Zealand lawmakers have voted overwhelmingly in favor of new gun controls during the first stage of a bill they hope to rush into law by the end of next week. By Nick Perry. SENT: 370 words, photos.

AUSTRALIA-BUDGET _ The Australian government unveiled a plan on Tuesday to balance the national budget next year and pay off all debt in a decade as it prepares for a general election next month. By Rod McGuirk. SENT: 800 words, photos.

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 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