BC-APFN-Business News Digest
Here are AP Business News' latest coverage plans, top stories and promotable content. All times EST.
New & Developing:
— FACEBOOK-INSTAGRAM: Developing from after-market earnings report.
— Adds: KRAFT HEINZ-DOWNSIZING, TIME WARNER-NETFLIX, BANK SETTLEMENT, BOOKS-STEVE CASE, CIGARETTE LAWSUIT, CLEAN-AIR-LAWSUITS, COMCAST-DATA CAPS
VOLKSWAGEN — A bad situation grows worse for Volkswagen, as investors dump its stock and a credit ratings agency downgrades its debt. European regulators demand VW speed up its investigation into a scheme to rig emissions testing, while in the U.S. the company halts sales of seven models with diesel engines that allegedly were part of the plot. By David McHugh and Geir Moulson. SENT: 700 words, photos.
With: VOLKSWAGEN LAWSUITS — An expanding investigation by state attorneys general into VW's emissions claims will likely focus on every ad, banner or social media sales pitch describing its "clean diesel" cars as good for the environment. By Ronnie Greene and Ryan J. Foley. SENT: 760 words, photo.
And: VOLKSWAGEN-TIMELINE — A look at the key dates in Volkswagen's ever-growing scandal. SENT: 550 words.
SMALLBIZ-SMALL TALK — Small business owners can identify with Paul Ryan's insistence on being able to spend time with his family even as he serves as House speaker. Many owners decide to start companies so they can have a better work/life balance, but it can be a struggle. By Joyce Rosenberg. SENT: 760 words, photo.
ON THE MONEY-HEALTH-VIRTUAL VISITS — When you're coming down with a cold, you don't typically think of picking up your smartphone. But that may change as health care companies increasingly steer customers toward streaming video apps that connect patients with doctors online. By Matthew Perrone. SENT: 870 words.
LIVING WITH OIL — As oil industry jobs disappear, folks in Oklahoma aren't panicking because they've seen it all before. By Tammy Webber. SENT: 1,000 words, photos.
MARKETS & ECONOMY:
FEDERAL RESERVE-YELLEN — Federal Reserve Chair Janet Yellen says an interest rate hike in December would be a "live possibility" if the economy stays on track. By Martin Crutsinger. SENT: 550 words, photos.
FINANCIAL MARKETS — Stocks retreat modestly after comments from Federal Reserve Chair Janet Yellen imply that Fed policymakers are still considering raising interest rates in December. By Ken Sweet. SENT: 700 words, photo.
JAPAN POST-IPO — Shares of Japan Post surge nearly 26 percent in their trading debut after the company and its banking and insurance units raised a combined 1.44 trillion yen ($11.9 billion) in the world's biggest initial public offering this year. By Elaine Kurtenbach. SENT: 580 words, photos. First sent late Tuesday.
MOODY'S-GLOBAL ECONOMY — Rating agency Moody's warns that a slowdown in global growth linked to China and a rise in U.S. interest rates are two key reasons why it could lower its credit grades for countries next year. By Pan Pylas. SENT: 370 words, photos.
ECONOMY-SERVICES — U.S. services firms grow at an accelerated pace in October as business activity, new orders and employment all strengthened, suggesting that the economy is building momentum from consumer demand in the final months of 2015. By Josh Boak. SENT: 510 words, photo.
ADP-EMPLOYMENT — A private survey says American businesses added a solid but unspectacular 182,000 jobs in October. By Paul Wiseman. SENT: 270 words, photo.
TRADE GAP — The U.S. trade deficit declines in September to the lowest level in seven months as exports rebounded while imports shrank, reflecting the smallest monthly foreign oil bill in more than a decade. By Martin Crutsinger. SENT: 400 words, photo.
MYRA-RETIREMENT PLAN ROLLOUT-Q&A — The Treasury Department says a government-backed retirement savings plan called myRA announced by President Barack Obama nearly two years ago is now available nationwide. A Q&A explainer on how it works, who is eligible, and what its limitations are. By Joseph Pisani. SENT: 610 words, photo.
SAN FRANCISCO — If you're starting to notice more ads on Instagram, it's all part of Facebook's plan. By Brandon Bailey. SENT: 600 words, photo. Incorporates EARNS-FACEBOOK.
JAPAN-EARNS-HONDA — Honda reports a quarterly profit of 127.7 billion yen ($1 billion), up 7 percent from its revised result from the year before, even as costs of a massive recall related to defective air bags dented the boost from healthy sales. By Yuri Kageyama. SENT: 620 words, photos.
EARNS-LUMBER LIQUIDATORS HOLDINGS — Lumber Liquidators Holdings Inc. names a new CEO as it continues to struggle with sales in the wake of allegations that imported Chinese-made laminate flooring contained high levels of the carcinogen formaldehyde. SENT: 440 words.
EARNS-WHOLE FOODS MARKET — Whole Foods Market Inc. reports that its latest quarterly profit fell by more than half. SENT: 200 words, photo.
SENATE-DRUG PRICING — A Senate committee tasked with protecting seniors launches an investigation into drug price hikes by Turing Pharmaceuticals and three other companies, responding to public anxiety over rising prices for critical medicines. By Matthew Perrone. SENT: 650 words, photo.
KRAFT HEINZ-DOWNSIZING — Kraft Heinz will close seven plants in the U.S. and Canada over the next two years as part of a downsizing that will eliminate 2,600 jobs, or roughly 14 percent of its North American factory workforce. By Ryan J. Foley. SENT: 280 words.
GOP-2016-TRUMP-PANAMA — Donald Trump is demanding as much as $75 million from hundreds of condo owners in Panama City's Trump Ocean Club, alleging that its directors wrongfully fired his company as administrator managing the luxury building that is the tallest in Central America. By Jeff Horwitz. SENT: 740 words, photos.
EUROPE-WINE HARVEST — Italy is the biggest wine producer in the world this year, pushing France back into second place, as good weather in most European countries pushes up production — and keeps a lid on prices for consumers. By Raf Casert. SENT: 270 words, photo.
NFL-ANHEUSER-BUSCH — Anheuser-Busch and the NFL agree to a multiyear renewal of Bud Light as the official beer sponsor of the league. SENT: 150 words.
BANK SETTLEMENT — Deutsche Bank agrees to pay $258 million to settle legal problems stemming from U.S. sanctions violations. SENT: 250 words.
CIGARETTE LAWSUIT — Illinois Supreme Court again rejects $10 billion verdict over Phillip Morris cigarette marketing. SENT: 380 words.
CLEAN-AIR-LAWSUITS — More states wade into legal fight on greenhouse gases, this time defending Obama. SENT: 130 words. Will be expanded.
SKOREA-HYUNDAI-LUXURY BRAND — Hyundai Motor Co. will launch a premium car brand named after its Genesis sedan to boost earnings and its share of the fast-growing global market for luxury vehicles. By Youkyung Lee. SENT: 300 words, photos.
MERCEDES RECALL — Mercedes is recalling more than 126,000 cars and SUVs in the U.S. to fix a problem that can cause the air bags to inflate without a crash. SENT: 200 words, photo.
HONDA-RECALL — Honda is recalling over 145,000 motorcycles in the U.S. to fix dragging rear brakes that can cause a fire or crash. SENT: 130 words.
BEHIND THE WHEEL-2016 VOLVO V60 CROSS COUNTRY — Volvo's 2016 V60 Cross Country is a sleekly styled, compact wagon with strong turbocharged power and an interior that embodies the understated modernism of Scandinavian design. By Ann M. Job. SENT: 570 words, photo, box.
TECHNOLOGY & MEDIA:
TIME WARNER-NETFLIX — Fans of superhero shows based in the DC Comics universe like "The Flash," ''Arrow" and "Gotham" might have to wait a lot longer for past seasons' episodes to come to Netflix and Hulu. By Ryan Nakashima. SENT: 370 words.
COMCAST-DATA CAPS — Comcast rolling out data caps to new markets in 5 Southern states; expands 'unlimited' plan. SENT: 340 words.
BRITAIN-ONLINE SURVEILLANCE — The British government plans to make telecommunications firms keep records of customers' Web histories and help spies hack into computers and phones under a new cyber-snooping law. By Jill Lawless. SENT: 660 words, photo.
SMALLBIZ-SUPER BOWL COMMERCIAL — A company that makes shorts, one that roasts coffee and an old-fashioned five-and-dime store are the finalists in a contest to win a Super Bowl ad. SENT: 300 words.
TV-WENDY WILLIAMS — Wendy Williams is holding her own in a tough business, even growing her audience in some measurements during her seventh season on "The Wendy Williams Show," which is watched by some 2 million people each day. By David Bauder. SENT: 800 words, photo.
BOOKS-STEVE CASE — AOL co-founder Steve Case writing book on Internet 'Third Wave,' to be published in April. SENT: 100 words. Will be expanded.
EUROPE-ECONOMY — The 19-country eurozone economy is growing steadily but there's no sign of any marked lift-off, a key survey showed in another development that's likely to pile pressure on the European Central Bank to expand its stimulus next month. By Pan Pylas. SENT: 330 words, photo.
GREECE-BAILOUT —Greece's economy could start growing again in the second half of 2016, but much work remains to be done on reforms required for bailout loans, the European Union's top economic and financial official says. SENT: 510 words, photo.
MONEY & MARKETS SUMMARY:
CENTERPIECE — The food giant ConAgra, which makes Slim Jim, Chef Boyardee and other packaged foods, has discovered that making food for supermarkets and others to put their own label on is no recipe for growth. UPCOMING: Graphic expected by 6 p.m.
COMPANY SPOTLIGHT — Etsy shares sink after the handmade goods seller reported disappointing third-quarter financial results and issued a weak outlook. UPCOMING: Graphic expected by 6 p.m.
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