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BC-Business News Digest

May 13, 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 .


CHINA TRADE _ Deepening a trade battle and sending financial markets into a tailspin, China announces it is raising tariffs on $60 billion of U.S. goods in retaliation for the latest hike in U.S. tariffs on its exports. By Joe McDonald. SENT: 800 words, photos.


FINANCIAL MARKETS _ U.S. stocks move sharply lower on Wall Street and extended the market’s slide into a second week as investors seek shelter from an escalating trade war between the U.S. and China. By Damian J. Troise. SENT: 570 words, photos. UPCOMING: Will be updated through 5 p.m.


FACIAL RECOGNITION BACKLASH _ San Francisco is on track to become the first U.S. city to ban the use of facial recognition by police and other city agencies, reflecting a growing backlash against a technology that’s creeping into airports, motor vehicle departments, stores, stadiums and home security cameras. By Matt O’Brien and Janie Har. SENT: 1,200 words, photos.

UBER _ Uber shares were down 8% in morning trading and dipped below $38 after the opening bell. SENT: 140 words, photos. UPCOMING: Will be updated.

AMAZON-DELIVERY EMPLOYEES _ Amazon, which is racing to deliver packages faster, is turning to its employees with a proposition: Quit your job and we’ll help you start a business delivering Amazon packages. By Joseph Pisani. SENT: 350 words, photos.


GENERAL MOTORS-INVESTIGATION _ U.S. safety regulators are investigating whether General Motors went far enough when it recalled about 3,000 small pickup trucks in 2016. SENT: 300 words, photo.

EUROPE-AB INBEV _ European Union anti-trust regulators are fining AB Inbev, the world’s biggest brewer, more than 200 million euros ($225 million) for abusing its dominant position in the Belgian beer market. SENT: 130 words.

PREAKNESS-STRONACH GROUP _ The Stronach Group isn’t well known outside of horse racing but has been arguably the most important group in influencing the sport over the past several years. By Stephen Whyno. SENT: 900 words, photos.


SUPREME COURT-IPHONE APPS _ The Supreme Court is allowing consumers to pursue an antitrust lawsuit that claims Apple has unfairly monopolized the market for the sale of iPhone apps. SENT: 100 words. UPCOMING: Will be updated.

ITALY-FACEBOOK _ Facebook says it has shut down some Italian accounts that were phony and pages that were spreading fake news ahead of European Union parliamentary elections. SENT: 350 words, photo.

SRI LANKA-SOCIAL MEDIA _ Sri Lanka’s government has temporarily blocked social media and messaging apps following a flare-up of communal violence, the third time it has taken such a step since last month’s Easter attacks that killed more than 250 people. By Bharatha Mallawarachi. SENT: 330 words, photo.

TV-NEW SEASON-NBC _ NBC is adding four new sitcoms to its 2019-2020 lineup, one of which will return Fran Drescher to network television. The network unveiled its lineup on Sunday and will offer additional details to advertisers in New York on Monday. By Lynn Elber. SENT: 900 words, photos.


NERDWALLET-LIZ WESTON-DELAYING SOCIAL SECURITY _ Delaying Social Security benefits even a few months can have a powerful, positive impact on your standard of living in retirement. By Liz Weston of NerdWallet. SENT: 830 words, photos.


EMIRATES _ Saudi Arabia says two of its oil tankers were sabotaged off the coast of the United Arab Emirates in attacks that caused “significant damage” to the vessels, one of them as it was en route to pick up Saudi oil to take to the United States. By Jon Gambrell. SENT: 1,170 words, photos.

JAPAN-NISSAN-WITHOUT GHOSN _ Nissan is seeing sales and profits tumble, as its once revered former chairman, Carlos Ghosn, awaits trial on charges of financial misconduct. A look at some issues critical for Nissan’s future. By Yuri Kageyama. SENT: 1,060 words, photos.

JAPAN-US-TRADE _ U.S. Agriculture Secretary Sonny Perdue has picked up his barbeque tongs to convey his message to Japan: Buy more American beef. By Yuri Kageyama. SENT: 420 words, photos.

NORTH KOREA CARGO SHIP SEIZED _ A North Korean cargo ship seized by the U.S. because of suspicion it was used to violate international sanctions arrived at the capital of this American territory, where it will undergo inspections. By Fili Sagapolutele. SENT: 500 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.

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