Business News Digest

DAVID McHUGH

September 12, 2025

AP Business Digest

Here are the AP's top business stories that have moved or are planned to move today. All times U.S. Eastern. For up-to-the minute information on AP's coverage, visit AP Newsroom's Coverage Plan.

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UPCOMING

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TRUMP MASS FIRINGS

DESCRIPTION: Hearing in San Francisco in federal court on motions to dismiss in challenge to Trump administration's massive downsizing and reorganization of federal workforce. Daily story on merits.

ON MERITS: By 09/12/2025 5:00 p.m. EDT, Text

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NEW AND DEVELOPING

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FINANCIAL MARKETS

Wall Street coasts toward the finish of its best week in the last 5

SUMMARY: Wall Street is coasting toward the finish of its best week in the last five. The S&P 500 slipped 0.1% Friday from the all-time high it set the day before. The Dow Jones Industrial Average dipped 117 points, and the Nasdaq composite added 0.2%. Stocks have rallied to records recently with expectations that the Federal Reserve will cut interest rates for the first time this year next week. Treasury yields rose in the bond market to recover some of their sharp drops from earlier in the week, which came after data reports seemed to cement the case for a Fed cut to rates.

WORDS: 772 - MOVED: 09/12/2025 10:27 a.m. EDT

https://newsroom.ap.org/home/search?query=itemid:1075ded0847820229ef8b47cbcb74941&mediaType=text

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RUSSIA-ECONOMY

Russia cuts interest rate to 17% as wartime economy slows while deficit grows

WORDS: 417 - MOVED: 09/12/2025 10:02 a.m. EDT

https://newsroom.ap.org/home/search?query=itemid:e148e045efd383faf31436dd6e7bb5b6&mediaType=text

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AS--SOUTH KOREA-HYUNDAI WORKERS

South Korean workers return home after days in detention following US immigration raid

SUMMARY: A plane carrying more than 300 South Korean workers released after days of detention in Georgia has landed in South Korea. TV footage shows the charter plane landing in Incheon International Airport on Friday. They were among about 475 people detained during the Sept. 4 immigration raid at a battery factory under construction on the campus of Hyundai's sprawling auto plant west of Savannah. South Korea later said it has a reached an agreement with the United States for the Korean workers' releases.

WORDS: 1148 - MOVED: 09/12/2025 9:21 a.m. EDT

https://newsroom.ap.org/home/search?query=itemid:dd97210ffb6126bdf763228dc03918e0&mediaType=text

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EU--ITALY-ARMANI-SUCCESSION

The late Italian fashion designer Giorgio Armani instructs heirs to sell stakes in his empire

SUMMARY: The late Italian designer Giorgio Armani instructed his heirs to sell an initial 15% stake in his fashion empire. In his will, he prioritized French conglomerate LVMH, eyewear giant Essilor-Luxottica, or cosmetics company L'Oreal. Armani gave 40% control to his collaborator Leo Dell'Orco, and 15% each to his niece and nephew. The Armani Foundation will control the remaining 30%. Armani died on Sept. 4 at the age of 91. His business will, rewritten last spring, specifies selling the stake within 18 months. Armani's final collections will be presented at Milan Fashion Week, starting Sept. 23, marking the 50th anniversary of his fashion house.

WORDS: 603 - MOVED: 09/12/2025 9:08 a.m. EDT

https://newsroom.ap.org/home/search?query=itemid:98555730af55f504727d78b9360737e4&mediaType=text

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AS--JAPAN-UNITED AIRLINES-EMERGENCY LANDING

A United Airlines passenger plane makes emergency landing in Osaka as cargo fire is suspected

SUMMARY: A United Airlines passenger plane carrying 142 people bound for the Philippine island of Cebu has made an emergency landing in Osaka after an indicator showed a fire in the cargo room. That's according to Japanese aviation officials. Footage on Japan's NHK television showed passengers sliding down escape shooters from the aircraft parked on a runway at the airport. The UA flight 32, which departed from the Narita International Airport near Tokyo was flying over the Pacific Ocean when it noticed the problem. So far there are no reports of injuries. Officials said they were investigating whether there was actual fire or smoke.

WORDS: 164 - MOVED: 09/12/2025 8:00 a.m. EDT

https://newsroom.ap.org/home/search?query=itemid:d5c59e57b73986591bded52e2f3aa738&mediaType=text

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EU--EUROPE-MICROSOFT TEAMS

Microsoft resolves European Union probe into Teams

SUMMARY: European Union regulators have accepted Microsoft's proposed changes to its Teams app to resolve an antitrust investigation. The European Commission announced on Friday that Microsoft's commitments to unbundle Teams from its Office software suite are enough to address competition concerns. These commitments are legally binding for up to 10 years, allowing Microsoft to avoid a hefty fine. The investigation began after a complaint by Slack Technologies, accusing Microsoft of tying Teams to its Office suite. Microsoft will offer Office packages without Teams at a discount and make it easier for rival software to work with Teams.

WORDS: 314 - MOVED: 09/12/2025 7:37 a.m. EDT

https://newsroom.ap.org/home/search?query=itemid:61a94a85f04df5183f2b8f81bc9468e5&mediaType=text

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ML--LEBANON-STARLINK

Lebanon licenses Elon Musk's Starlink for satellite internet services

WORDS: 333 - MOVED: 09/12/2025 5:12 a.m. EDT

https://newsroom.ap.org/home/search?query=itemid:ec2af015941dff269de63e10c0492607&mediaType=text

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US--TRUMP-IMMIGRATION-FOREIGN INVESTMENT

With Hyundai raid, Trump's immigration crackdown runs into his push for foreign investment

SUMMARY: President Donald Trump's efforts to boost U.S. manufacturing by attracting foreign investment are clashing with his immigration crackdown. Immigration authorities recently raided a Hyundai plant in Georgia, detaining over 300 South Korean workers. South Korean President Lee Jae Myung has warned that this could deter future investments from his country. He expressed concerns about the U.S. not issuing visas for temporary workers needed to set up new plants. Trump has promised to make it easier for foreign investors to bring skilled workers legally. Raids and other restrictions could risk alienating allies that are pledging to invest hundreds of billions of dollars in the U.S. to avoid high tariffs.

WORDS: 1032 - MOVED: 09/12/2025 3:03 a.m. EDT

https://newsroom.ap.org/home/search?query=itemid:ddfbe7d34ffedf46a25fa648c96a0000&mediaType=text

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