BC-Business News Digest
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.
AMAZON HQ — Amazon names New York City and Arlington, Virginia as the two sites for its second headquarters. The decision ends an intense competition between North American cities to win Amazon and its promise of 50,000 new jobs. By Alan Suderman and Joseph Pisani. SENT: 470 words, photos.
AMAZON HQ-TWO CITIES — The communities that are expected to become homes to a pair of big, new East Coast bases for Amazon are both riverfront stretches of major metropolitan areas with ample transportation and space for workers. But there are plenty of differences between New York’s Long Island City and Arlington in northern Virginia. By Jennifer Peltz and Matthew Barakat. SENT: 1,130 words, photos, video.
AMAZON AT A GLANCE — Whether you’ve bought shoes at Zappos, picked up milk at Whole Foods or listened to an audiobook on Audible, you’ve been caught up in Amazon’s growing web of businesses. By Joseph Pisani. SENT: 700 words.
— More on Amazon in the TECHNOLOGY & MEDIA section.
MEDIA-CNN VS TRUMP — CNN sued the Trump administration Tuesday, demanding that correspondent Jim Acosta’s credentials to cover the White House be returned because their revocation violates the constitutional right of freedom of the press. By David Bauder. SENT: 570 words, photos.
MYSTERY INGREDIENTS — Some artificial flavors are being ordered out of the food supply because they cause cancer in mice, but regulators and companies don’t have to say what foods they are in. By Candice Choi. SENT: 810 words, photos.
PETCO-NATURAL FOOD — Petco announces it will stop selling dog and cat food and treats with artificial colors, flavors and preservatives, both online and at its nearly 1,500 stores in the U.S. and Puerto Rico. By Dee-Ann Durbin. SENT: 640 words, photos, video.
BLOWOUT-PUBLIC LAND DRILLING — The Bureau of Land Management is making it easier to produce oil and gas on federal acreage. In southeastern New Mexico, it can’t even keep up with what’s already happening. By Rachel Leven of the Center for Public Integrity. SENT: 2,600 words, photo. An abrdiged version of 830 words also is available.
MARKETS & ECONOMY:
FINANCIAL MARKETS — U.S. stock indexes veered higher in late morning trading, bouncing back from an uneven start. Gains in technology companies, banks and industrial stocks outweighed losses in household goods sellers, utilities and elsewhere in the market. Energy stocks slumped as the price of crude oil headed for its 12th straight decline. Bond prices rose, sending yields lower. By Alex Veiga. SENT: 720 words, photos. UPCOMING: Will be updated through 5 p.m.
BUDGET DEFICIT — The Treasury Department releases federal budget data for October. By Martin Crutsinger. UPCOMING: 130 words after release of report at 2 p.m. 250 words by 2:45 p.m.
CALIFORNIA WILDFIRES-INSURANCE — Californians who lost a home to the state’s wildfires could face a nightmarish recovery as they try to rebuild. Homeowners can find themselves confused by the insurance system and even underinsured, leaving them to bear more of the costs of rebuilding than they might have expected. And there’s a limited pool of available workers to do the rebuilding. By Sarah Sell. SENT: 650 words, photos.
WALMART-FLIPKART CEO — The co-founder of Flipkart, the massive online retail operation in India acquired by Walmart this year, is stepping down following an allegation of serious personal misconduct. SENT: 370 words, photo.
ICELAND-TRANSATLANTIC FLYING — For those hoping for ever cheaper fares on long-haul flights, this month’s takeover of Icelandic airline Wow is not good news. By Egill Bjarnason. SENT: 720 words, photo.
JOHNSON CONTROLS-SALE — Johnson Controls International PLC is selling its power solutions division to Brookfield Business Partners LP for $13.2 billion. SENT: 120 words.
UNSAFE TOYS — A Boston-based child safety group is releasing its annual holiday list of the 10 most hazardous toys. UPCOMING.
FASHION-BARBIE FOR HUMANS — One of the largest sellers of vintage-inspired fashion has recreated some of Barbie’s most iconic early looks for humans. Unique Vintage, based in Burbank, California, is the first company to collaborate with Mattel to design and sell a fashion line based on Barbie outfits. And in sizes up to 4X. By Leanne Italie. SENT: 990 words, photos, video.
WITCHES CHEESE-COPYRIGHT — The European Union’s highest court hasn’t fallen under the spell of Dutch witches’ cheese. SENT: 130 words.
EARNS-HOME DEPOT — Home Depot breezed past all expectations in the third quarter and raised its annual profit expectations again as Americans plow money into their homes, even with hints that the housing market is cooling. SENT:430 words, photo.
TECHNOLOGY & MEDIA:
AMAZON HQ-SEATTLE LESSONS — Seattle has enjoyed the benefits - and the downsides - of being Amazon’s hometown as tens of thousands of highly-paid tech workers have transformed the city. What might Seattle’s experience mean for the online giant’s new locations and how have Seattle’s Amazon growing pains affected the search? By Sally Ho. UPCOMING: 800 words, photos by noon.
AMAZON HQ-INCENTIVES — Amazon could get than $2 billion in tax breaks and other incentives as part of its deals to open up two new offices with more than 25,000 new jobs at each location. New York City and Arlington, Virginia, will be home to two new nerve centers, which are being called the second and third headquarters for the Seattle company. Nashville, Tennessee, was named as an operations hub. Following are some of the perks Amazon says it will get, along with the perks for the cities. SENT: 480 words, photos.
AMAZON HQ-NASHVILLE — Gov. Bill Haslam on Tuesday described plans for a Tennessee operations hub expected to create 5,000 jobs will be “the single largest jobs commitment made by a company in Tennessee’s history.” By Jonathan Matisse. SENT: 420 words, photos.
GOOGLE-INTERNET HIJACKING — An internet traffic diversion rerouted data through Russia and China and disrupted Google services on Monday, including search, cloud-hosting services and its bundle of collaboration tools for businesses. By Frank Bajak. SENT: 490 words, photo.
NERDWALLET-BLACK FRIDAY — Black Friday is the most hyped shopping day of the year, but some shoppers should sit it out. Before you take part in the discount day, consider what you’ll be buying and how likely you are to overspend. By Courtney Jespersen. NerdWallet. UPCOMING: 720 words, photo.
ASEAN-TRADE — The potential damage to global trade brought on by President Donald Trump’s tariffs battle with Beijing is looming as leaders of Southeast Asian nations, China, the U.S. and other regional economies meet in Singapore this week. By Annabelle Liang and Elaine Kurtenbach. SENT: 700 words, photo.
ASEAN-CHINA — China’s premier seeks to reassure its neighbors that Beijing will push ahead with reforms needed to support growth across the region and also keep the peace in contested waters in the South China Sea. By Annabelle Liang. SENT: 670 words, photos.
COST OF WAR — When U.S. forces and their Afghan allies rode into Kabul in November 2001 they were greeted as liberators. But after 17 years of war, the Taliban have retaken half the country, security is worse than it’s ever been, and many Afghans place the blame squarely on the Americans. By Kathy Gannon. SENT: 1,000 words, photos.
BRITAIN-ECONOMY — Brexit is already having an impact on Britain’s labor market, with the number of people from the European Union working in the country falling by a record amount. By Pan Pylas. SENT: 550 words, photo.
BREXIT — Negotiators from Britain and the European Union have struck a proposed divorce deal that will be presented to politicians on both sides for approval, officials in London and Brussels said Tuesday. By Jill Lawless. SENT: 640 words, photos.
RUSSIA-NEW PORT — A report says President Vladimir Putin’s childhood friend is set to win a massive seaport contract. SENT: 140 words.
LEBANON-REGIONAL TRADE — Lebanese exporters rejoiced last month when the Syrian government opened a key land crossing with Jordan that had been closed by years of war, restoring a much-needed overland trade route to lucrative Persian Gulf markets. By Sarah El Deb. SENT: 740 words, photos.
MIDEAST-ECONOMY — Higher oil prices are helping to offset increases in public spending by the Middle East’s oil exporting heavyweights like Saudi Arabia, with these countries narrowing their budget deficit by $77 billion, the International Monetary Fund said. By Aya Batrawy. SENT: 570 words.
UKRAINE-HEATING — Angry Ukrainians took to the streets and blocked roads as hundreds of thousands remain without heating at a time when temperatures are plunging because of a dispute between the national gas company and regional utility providers. By Yuras Karmanau. SENT: 470 words.
TRUMP-FRANCE — President Donald Trump escalated his verbal assaults against France on Tuesday, suggesting that America’s stalwart European ally would have been vanquished in both world wars if not for the military firepower provided by the United States. By Darlene Superville. SENT: 920 words, photos.
MONEY & MARKETS SUMMARY:
Tyson Foods shares fell after the poultry processor reported disappointing revenue and issued a weak outlook.
Yelp needs help
Yelp needs help keeping some of its advertisers around. The online-reviews site took a beating after it reported no new paying advertiser accounts compared to the previous quarter, signaling troubles ahead.
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