BC-APFN-Business News Digest

Staff Writer
Columbus CEO

Business News at 5 p.m.

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All times EST.

— Adds: SPAM SCHEME, MEXICO-PESO'S SLIDE, TRUMP CASINO NAME LAWSUIT

— Updates: FINANCIAL MARKETS, CONSUMER BORROWING

TOP STORIES:

ECONOMY

WASHINGTON — Unemployment in the U.S. finally drops to 5.5 percent, a mark normally consistent with a healthy job market. This time, it isn't as encouraging as it might sound. The jobless rate fell in large part because many people stopped looking for work. What's more, wage gains remain sluggish. By Christopher S. Rugaber. SENT: 850 words, photo.

With:

— ECONOMY-DEMOGRAPHICS-GLANCE — U.S. teenagers got back to work in February. A look at unemployment numbers by group. SENT: 500 words.

— ECONOMY-INDUSTRIES-GLANCE — It's been an extended happy hour at U.S. bars and restaurants. Here's a look at the jobs added or lost in each major industry category. SENT: 370 words.

And:

— EURO-DOLLAR-PARITY — The euro could soon be trading 1-to-1 with the dollar. SENT: 740 words, photos.

— FINANCIAL MARKETS — U.S. stocks drop sharply as strong jobs report raises prospect of summer rate hike; dollar jumps. SENT: 850 words, photos.

APPLE-DOW

NEW YORK — In the Dow's elite club, Apple is in and AT&T is out. The tech giant will replace AT&T in the Dow Jones industrial average later this month, cementing the iPhone maker's status as a titan of corporate America. By Bernard Condon. SENT: 900 words, photos.

With:

— DOW 101-GLANCE — An overview of the Dow and how it works. SENT: 480 words.

And:

— IS APPLE WATCH A GAME-CHANGER? — A look at three reasons the iWatch will finally move the needle in the smartwatch industry — and three reasons it might not. By Brandon Bailey. SENT: 660 words, photos.

DWINDLING BUTCHERS

DES MOINES, Iowa — Kent Weise loves his work, but after 38 years slaughtering cattle, lugging carcasses that can weigh more than 1,000 pounds and slowly, methodically slicing cuts of meat, he understands why few people want to go into the business anymore. "It's killing cows. It's blood and guts," said Weise. By Scott McFetridge. SENT: 750 words, photos.

HOMEBREW-EMAIL SERVERS

WASHINGTON — No, it's not always a room filled with wires and glowing blue lights. It's probably not even the size of your furnace. The personal email server used by Hillary Rodham Clinton during her time as secretary of state was probably about the size of your office desktop computer and could have been tucked quietly in a corner somewhere. By Anne Flaherty and Nancy Benac. SENT: 770 words, photos.

MARKETS & ECONOMY:

TREASURY-DEBT LIMIT

WASHINGTON — Treasury Secretary Jacob Lew tells Congress that he'll start using the package of emergency measures he has used in the past to keep the federal government from going over the debt limit next week. By Martin Crutsinger. SENT: 450 words.

CONSUMER BORROWING

WASHINGTON — Consumers increased their borrowing in January at the slowest pace in more than a year with borrowing on credit cards actually declining for the second time in the last three months. By Martin Crutsinger. SENT: 350 words, photo.

TRADE GAP

WASHINGTON — The U.S. trade deficit in January dropped sharply as both exports and imports fell. By Josh Boak. SENT: 300 words, photo.

INDUSTRY:

GENERIC BIOTECH-FDA

WASHINGTON — Federal health officials approve the first lower-cost copy of a biotech drug to reach the U.S. market, a long-awaited milestone that could generate billions in savings for insurers, doctors and patients. By Matthew Perrone and Linda A. Johnson. SENT: 750 words.

— FDA-TOBACCO-LAWSUIT — The Food and Drug Administration says four members from its tobacco advisory panel, among them its chairman, have left after a court ruled some of its members had conflicts of interest. SENT: 380 words.

— TRUMP CASINO NAME LAWSUIT — Casino company appeals ruling favoring Trumps in Atlantic City naming rights lawsuit. SENT: 340 words, photos.

— EGYPT-GAS DEAL — The U.K.-based energy company BP signs agreements worth $12 billion to develop a major gas field in Egypt, which has been trying to attract foreign investment after four years of unrest. SENT: 360 words.

— LAGUARDIA-PLANE OFF RUNWAY — LaGuardia Airport has both its runways open now that a Delta jetliner that skidded and smashed through a fence has been removed. SENT: 510 words, photos, video.

— OIL TRAIN DERAILMENT-ILLINOIS — The rail cars that split open and burst into flames during a western Illinois oil train derailment this week were retrofitted with protective shields to meet a higher safety standard than federal law requires, railroad officials say. SENT: 650 words, photos, video.

AUTOS:

— DAIMLER-SPRINTER VANS — Daimler AG says it will spend about $500 million and create 1,300 jobs with a new plant near Charleston that will build its Sprinter vans. SENT: 140 words.

— NISSAN-HOOD LATCH RECALL — Nissan is recalling 640,000 more cars in the U.S. and Canada to fix a growing problem with faulty latches that can allow hoods to fly open while cars are being driven. SENT: 340 words, photo.

— HYUNDAI RECALL — Hyundai is recalling more than 26,000 Genesis luxury cars in the U.S. and Canada to fix a water leak that can cause the transmission gear shifter to malfunction. SENT: 130 words, photo.

TECHNOLOGY & MEDIA:

GAMES-GAME DEVELOPERS CONFERENCE-VIRUTAL REALITY

SAN FRANCISCO — At the Game Developers Conference, it's easy to imagine what virtual reality will look like when it eventually hits the marketplace. What it will feel like, however, is an entirely different matter. By Derrik J. Lang. SENT: 760 words, photos.

— SPAM SCHEME — Federal authorities say hackers stole 1 billion email addresses, made $2 million in spam scheme. SENT: 350 words.

— TV-NBC-LACK — NBC Universal announces its executive reshuffling of its troubled news department, bringing back its former news chief Andy Lack to supervise the division and MSNBC. SENT: 400 words.

INTERNATIONAL:

GREECE-GOVERNMENT'S CHALLENGE

ATHENS — The new Greek government rode to power on big promises, such as getting rid of budget austerity measures, but it is facing a hard time making them a reality. It has one advantage: a still-high approval rating, that could buy it time to achieve its goals. By Nicholas Paphitis and Elena Becatoros. SENT: 1,000 words, photos.

With:

— GREECE-BAILOUT — Greece's central bank governor says it is "very important" for next week's meeting of eurozone finance ministers, set for Monday in Brussels, to go well for Greece. By Elena Becatoros. SENT: 560 words, photos.

EMIRATES-SUPPORTING EGYPT

DUBAI, United Arab Emirates — This small Gulf nation is making itself into the most stalwart ally of the Arab world's biggest country. The United Arab Emirates has pumped billions of dollars into Egypt and is lining up investors to try to stabilize its damaged economy, while building military cooperation. By Adam Schreck. SENT: 1,100 words, photos.

— MEXICO-PESO'S SLIDE — Mexico's central bank auctions off $200 million to shore up the peso as it nears a six-year low against the U.S. dollar this week. SENT: 140 words.

— TUNISIA-ATTRACTING INVESTMENT — Tunisia's new government gives an inaugural performance by hosting a U.S.-sponsored conference on investment and entrepreneurship designed to boost international confidence in the struggling new democracy. SENT: 470 words, photo.

— GERMANY-ECONOMY — German industrial production rises by 0.6 percent in January, a fifth consecutive monthly increase that was propelled by a surge in construction activity. SENT: 150 words.

— GERMANY-WOMEN'S QUOTA — Germany's Parliament approves a quota system that will require leading companies in Europe's biggest economy to have at least 30 percent women on their supervisory boards starting next year. SENT: 350 words, photos.

— RUSSIA-ECONOMY — Imports into Russia this year fall by more than a third as the country struggles with the low value of the ruble and a predicted recession. SENT: 120 words.

— PHILIPPINES-POVERTY — Poverty worsened in the Philippines in the first half of 2014 due to government restrictions on rice imports and the lingering effects of a killer typhoon. SENT: 250 words.

— CHINA-SRI LANKA— Sri Lanka informs Beijing it is suspending work on a $1.5 billion Chinese-backed resort as part of a reevaluation of recent foreign investments. SENT: 320 words.

A sampling of Money & Markets modules is below. The full digest for AP's Money & Markets service can be found at markets.ap.org. For questions about Money & Markets content, please contact Trevor Delaney (800-845-8450, ext. 1807). For technical support: Todd Balog (816-654-1096). After 6 p.m., contact the AP Business News desk (800-845-8450, ext. 1680) for content questions; 1-800-3AP-STOX for technical support and 212-621-1905 for graphics help.

CENTERPIECE

Running bull...

The bull market turns 6 on Monday. A look at the stock market and job creation since 2009. UPCOMING: Graphic expected by 6 p.m.

COMPANY SPOTLIGHT

Target retools

Target announces growth plans this week that include cost cutting, job eliminations and investment in technology. UPCOMING: Graphic expected by 6 p.m.