BC-Business News Digest
Here are AP Business News' latest coverage plans, top stories and promotable content. All times EST.
CHINA-HOLLYWOOD AMBITIONS — China has a new ally in its campaign to turn itself into a global cultural superpower: Matt Damon. And, behind him, a good chunk of Hollywood as well. By Ryan Nakashima. SENT: 1,100 words, photos.
BOTCHING EBOLA-METABIOTA — A U.S. company assigned a crucial role in the efforts to battle Ebola in Sierra Leone made a series of costly mistakes during the 2014 outbreak, an Associated Press investigation finds. By Raphael Satter and Maria Cheng. SENT: 2,800 words, photos. Abridged version, 1,000 words, also available.
IRON RANGE WOES — A global steel industry slump with roots in China's economic slowdown has thrown a painful series of punches to a part of Minnesota that produces most of America's iron ore. And the domino effect of the layoffs is particularly visible in Aurora, nestled in the snowy forest on the east end of the Mesabi Iron Range. By Steve Karnowski. SENT: 990 words, photos.
MARKETS & ECONOMY:
FINANCIAL MARKETS — U.S. stocks head toward a fifth daily gain as energy companies jumped along with the price of crude oil and natural gas. Banks and technology companies are down, however. Chipmaker Micron Technology sank 2 percent. By Bernard Condon. SENT: 480 words, photos. UPCOMING: 700 words by 5 p.m.
CONSUMER BORROWING — The Federal Reserve releases its January report on consumer borrowing. In December, U.S. consumers increased their borrowing at the fastest pace in three months. By Martin Crutsinger. UPCOMING: 130 words after release of report at 3 p.m. 350 words by 3:45 p.m.
NABE-ECONOMY-SURVEY — The bulk of business economists expect the Federal Reserve will raise interest rates this year but their views on the Fed's policy stance are divided. SENT: 210 words.
FEDERAL RESERVE-FISCHER — Russia's largest carmaker, AvtoVAZ, famed for its Lada cars, is to replace Swedish chief executive Bo Andersson following heavy losses. SENT: 280 words.
MISSING MALAYSIAN PLANE-FAMILIES — Twelve Chinese families with relatives aboard missing Malaysia Airlines Flight 370 filed a lawsuit in a Beijing court on Monday, one day before the deadline for pursuing litigation against the carrier. By Gerry Shih. SENT: 500 words, photos, video.
JETBLUE-PILOT TRAINING — JetBlue Airways is taking applications for 24 slots in a new program to train novice pilots to fly a passenger jet. By David Koenig. SENT: 550 words, photos.
WALL STREET BONUSES — Average Wall Street bonuses were down 9 percent last year to $146,200 as industry profits declined, New York's comptroller reported Monday. By Michael Hill. SENT: 350 words.
38 STUDIOS-FRAUD — The U.S. Securities and Exchange Commission has charged Rhode Island's economic development agency and Wells Fargo with defrauding investors for the state's disastrous $75 million deal with 38 Studios, the failed video game company started by former Red Sox pitcher Curt Schilling. By Michelle R. Smith and Jennifer McDermott. SENT: 640 words.
BMW-CONCEPT CAR — Luxury automaker BMW AG is showing off a sleek concept car aimed at a future in which drivers choose between the pleasures of high-performance driving and letting the car take control. SENT: 140 words, photos.
MINIMUM WAGE-PENNSYLVANIA — Pennsylvania Gov. Tom Wolf is preparing to raise the minimum wage by nearly $3 an hour, to $10.15, for state government employees and workers on jobs contracted by the state. SENT: 130 words.
RUSSIA-LADA — Russia's largest carmaker, AvtoVAZ, famed for its Lada cars, is to replace Swedish chief executive Bo Andersson following heavy losses. SEN: 130 words.
TAMPON TAX-CONNECTICUT — Connecticut is the latest state to consider ending sales tax on feminine hygiene products like tampons and maxi pads. SENT: 140 words.
TECHNOLOGY & MEDIA:
CAMPAIGN 2016-BLOOMBERG BUSINESS — Since returning to the financial information company that bears his name, Michael Bloomberg has presided over two years of robust expansion and record profits, all while laying the groundwork for his second departure — whether that's to retirement in 10 years or a presidential campaign in 10 days. By Jonathan Lemire. SENT: 830 words, photos.
SUPREME COURT-ELECTRONIC BOOKS — The Supreme Court has rejected an appeal from Apple Inc. and left in place a ruling that the company conspired with publishers to raise electronic book prices when it sought to challenge Amazon.com's dominance of the market. SENT: 210 words. UPCOMING: Will be updated.
JAPAN-SOFTBANK — Japanese telecommunications and Internet company SoftBank Group Corp. will reorganize into two new 100 percent-owned subsidiaries, with its global investment business separated from its domestic operations. SENT: 150 words.
VERIZON-SUPERCOOKIE — Verizon will pay a $1.35 million fine over its "supercookie" that followed phone customers on the Internet and the government says it's required to get an explicit "yes" from customers for some kinds of tracking. SENT: 230 words.
SHUTTERFLY-SHAREHOLDER PRESSURE — Activist investor Ancora Advisors is stepping up the pressure on photo sharing service Shutterfly to negotiate a sale of the company or reshuffle its board of directors if a deal can't be quickly worked. SENT: 140 words.
CHINA-CONCLAVE-ECONOMY — Seeking to douse fears about China's economy, the finance minister said Monday that Beijing can manage its rising debt load as it steps up deficit spending to prevent a slide in growth. The deficit target of 3 percent of gross domestic product announced Saturday, up from last year's 2.3 percent, is in line with the ruling Communist Party's long-term reforms, Lou Jiwei told reporters during the annual meeting of China's legislature. By Joe McDonald. SENT: 480 words.
INDONESIA-FORESTS — Indonesian government agencies announce a plan to combat corruption in the forestry industry that costs the state billions of dollars in lost revenue and is behind fires that pollute Southeast Asia each year. By Stephen Wright. SENT: 470 words, photo.
GREECE-BAILOUT — The European Union's top economy official says he's hopeful Greece's bailout inspectors will soon be dispatched to Athens to complete a review of the Greek government's adherence to its bailout commitments. By Raf Casert and Pan Pylas. SENT: 440 words, photos.
CYPRUS-ECONOMY — The head of the International Monetary Fund says Cyprus has ended the IMF-leg of a three-year rescue program a week ahead of schedule. SENT: 140 words.
MONEY & MARKETS SUMMARY:
CENTERPIECE — Corporate America has gone on a borrowing binge, and danger signs are flashing. U.S. companies tracked by Bank of America have borrowed $3.6 trillion more in the bond market since the 2008 financial crisis, doubling what they owe to $7 trillion.
COMPANY SPOTLIGHT — JetBlue says it will let people with no flying experience apply to a new pilot training program.
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