BC-APFN-Business News Digest
Here are AP Business News' latest coverage plans, top stories and promotable content. All times EST.
New & Developing:
—Adds: DAILY FANTASY SPORTS, IAC-ANGIE'S LIST, SHERYL SANDBERG-SUBMARINE, SWITZERLAND-DIAMOND AUCTION
BRITAIN-BEER MERGER — Budweiser maker AB InBev announces a final agreement to buy SABMiller for 71 billion pounds ($107 billion). The world's two biggest beer makers will join forces to create a company that produces almost a third of the world's beer. But in the U.S., the deal will not bring arch rivals Budweiser and Miller under the same roof. By Danica Kirka. SENT: 730 words, photo.
YOUNG WOMEN-LIVING AT HOME — Young women are living with their parents or relatives at a rate not seen since 1940 as more millennial women put off marriage, attend college and face high living expenses. By Sarah Skidmore Sell. SENT: 670 words, graphic.
GENERAL MOTORS-ENGINE FIRES — A recent General Motors recall of older cars with engines prone to catching fire shows that even as automakers improve their approach to safety, an old culture of resistance and procrastination can still haunt the industry — and car owners. By Tom Krisher and Dee-Ann Durbin. SENT: 970 words, photos.
SMALLBIZ-SMALL TALK — An independent retailer may not look like the cutting edge of technology, but these small businesses increasingly turn to apps and sophisticated software to connect with customers. By Joyce Rosenberg. SENT: 730 words, photos.
MARKETS & ECONOMY:
FINANCIAL MARKETS — Stock indexes edge higher in afternoon trading despite big declines in retailers and energy companies. By Marley Jay. SENT: 800 words, photos.
CHINA-ECONOMY — China's factory output and investment weakens in October while retail sales growth edged up, suggesting economic growth has stabilized but has yet to revive despite repeated interest rate cuts and other stimulus. SENT: 320 words.
MIDEAST-IMF — On a trip through a Gulf squeezed by low oil prices, the head of the International Monetary Fund repeatedly calls on countries to cut back on subsidies, lower government spending and consider levying taxes. By Hussain Al-Qatari and Jon Gambrell. SENT: 600 words, photos.
PORTLAND-RENTAL SQUEEZE— Portland, long a magnet for young adults in pursuit of alternative lifestyles or creative careers, is now getting too expensive for those who made the city cool — as a wave of evictions and skyrocketing rents are putting apartments out of reach of many. By Gosia Wozniacka. SENT: 900 words, photos.
EGYPT-ECONOMY — Egypt strengthens the official exchange rate by 0.20 pounds against the dollar, defying expectations of further weakening. SENT: 260 words.
ON THE MONEY-HOLIDAY CAR DEALS — The auto industry is copying retailing by offering holiday discounts well before the holidays. If you're in the mood to give a car to a loved one — or yourself — there are a few factors to take into consideration. By Tom Krisher. SENT: 700 words, photo.
EARNS-MACY'S — With a hint at what may be in store for shoppers this holiday season, Macy's cut its profit outlook and CEO Terry Lundgren said markdowns are likely as a convergence of factors lead to a high inventory of goods for retailers. SENT: 550 words, photo.
With: ITALY-LUXOTTICA-MACY'S — The world's largest eyeglass maker has signed a deal with the U.S. department store chain Macy's to open up to 500 LensCrafters optical retail centers inside Macy's. SENT: 110 words.
CHIPOTLE-E COLI — Chipotle is preparing to reopen its restaurants in the Pacific Northwest after an E. coli outbreak sickened about 45 people, a high-profile example of foodborne illnesses that are more common than the public realizes. By Donna Gordon Blankinship. SENT: 770 words, photos, audio, video.
GERMANY-LUFTHANSA — An airline strike with hundreds of cancelled flights conjures up fears of long lines and chaos, but German carrier Lufthansa appears to be coping, having managed over a dozen walkouts in a matter of months. By David McHugh. SENT: 630 words, photos.
EXPRESS SCRIPTS-HORIZON FIGHT — The drugmaker Horizon Pharma says it is questioning its relationship with an Express Scripts business after the U.S. pharmacy benefits giant sued Horizon for about $140 million and dumped a pharmacy that dispenses its drugs. By Tom Murphy. SENT: 640 words, photo.
KROGER-ROUNDY'S-ACQUISITION — Kroger says it plans to buy fellow grocer Roundy's for about $178 million to expand in the Midwest. SENT: 180 words.
AIRPLANE TRACKING — A deal reached at a U.N. meeting opens the way for satellite tracking of airliners, a major breakthrough motivated by the mystery disappearance of a Malaysia Airlines jetliner last year. By Jamey Keaten. SENT: 390 words.
IAC-ANGIE'S LIST — IAC/InteractiveCorp., the owner of websites including About.com and HomeAdvisor.com, says it's offering to buy Angie's List for about $512 million to expand its home services content. SENT: 130 words. UPCOMING: 250 words by 6 p.m.
DAILY FANTASY SPORTS — The New York attorney general's decision that daily fantasy sports betting sites FanDuel and DraftKings are illegal gambling operations in his state is a major blow to the companies, but the multibillion-dollar industry could have more legal headaches yet to come. SENT: 900 words, photos.
DAILY FANTASY SPORTS-NEW YORK — The head of the daily fantasy sports website FanDuel told his New York customers Wednesday that they should keep on entering the company's contests, despite a warning from the state's attorney general that they amount to illegal gambling. SENT: 390 words.
CHINA-AUTO SALES — China's auto sales accelerate to this year's strongest growth in October after the market pulled out of a slump following a sales tax cut, data from an industry group shows. SENT: 380 words.
GERMANY-VOLKSWAGEN-TESTING — Germany's Federal Motor Transport Authority says it's testing the emissions of vehicles made by 23 foreign and domestic brands following revelations that Volkswagen installed software on some 11 million vehicles allowing them to fake emissions results. SENT: 150 words.
BEHIND THE WHEEL-2016 HONDA HR-V — Honda's HR-V is a value-priced, fuel-efficient and practical sport utility vehicle that's easy to drive and smartly packaged with a rearview camera and USB port among the standard features. By Ann M. Job. SENT: 650 words, photo, box.
TECHNOLOGY & MEDIA:
BRITAIN-SPYING-APPLE — Tech giant Apple will resist the British government's efforts to get access to encrypted data through a new spying law, CEO Tim Cook says. SENT: 270 words, photos.
GERMANY-MICROSOFT — Microsoft says it will give German customers of its online services the option of storing their data in Germany, addressing persistent privacy concerns in Europe following revelations about U.S. online surveillance. SENT: 440 words, photo.
SHERYL SANDBERG-SUBMARINE — The U.S. Navy has made an unconventional choice to sponsor its newest submarine: Facebook's chief operating officer, Sheryl Sandberg, who is known for advocating women's empowerment through her "Lean In" book and campaign. SENT: 530 words, photos.
GREECE-BAILOUT-STRIKE — Greece is bracing for the first general strike since the left-wing government first came to power in January, with workers across the country to walk off the job to protest against yet more spending cuts and tax hikes. In a first, the governing Syriza party itself is backing the walkout against the measures. By Elena Becatoros. SENT: 460 words, photos.
SWITZERLAND-DIAMOND AUCTION —Sotheby's says a rare blue diamond has sold for a record 48.6 million Swiss francs ($48.5 million) at a Geneva auction, including fees. SENT: 330 words, photos.
MONEY & MARKETS SUMMARY:
CENTERPIECE — Is the feared surge in "cord-cutting" by cable and satellite TV customers here? One analyst says not yet: Things are still getting worse, just more slowly. UPCOMING: Graphic expected by 6 p.m.
COMPANY SPOTLIGHT — Macy's shares sink after the company cut its outlook and said markdowns are on the way to clear out inventory. UPCOMING: Graphic expected by 6 p.m.
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