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Supreme Court to take up iPhone app lawsuit

WASHINGTON (AP) — The Supreme Court will consider whether the purchasers of iPhone apps can sue Apple over allegations it has an illegal monopoly on the sale of the apps. The court said Monday that it will take a case from the U.S. Circuit Court of Appeals for the 9th Circuit, which ruled in...


Business

Google to invest $550 million in Alibaba rival JD.com

China Google JD

SEOUL, South Korea (AP) — Google said Monday that it will invest $550 million in Alibaba’s main rival JD.com as the U.S. tech giant seeks to expand in fast-growing Asian e-commerce markets. Under the partnership, JD.com products will appear on Google’s shopping service, giving JD.com access to...


Auto

US stocks recovery from sharp early drop and finish mixed

Financial Markets Wall Street

NEW YORK (AP) — U.S. stocks shrugged off early losses and wound up with a mixed finish Monday. Household goods companies took some of the worst losses as the S&P 500 index fell for the third time in four days. The S&P 500 dropped as much as 22 points early on. Consumer products and packaged foods...


Business

Interest rates flat to lower at weekly US Treasury auction

WASHINGTON (AP) — Interest rates on short-term U.S. Treasury bills were flat to lower in Monday’s auction. Rates on three-month bills fell to their lowest level in three weeks while six-month bills were unchanged. The Treasury Department auctioned $48 billion in three-month bills at a discount rate...


Business

Germany will fail 2020 climate goals, now eyes 2030 target

Germany Big Cleanup

BERLIN (AP) — Germany will likely miss its goal of cutting emissions by 40 percent by 2020, the country’s environment minister said Monday, an embarrassing admission for a government that wants to lead the charge on limiting climate change. Official estimates project that Europe’s biggest economy...


Business

Studies show groundwater holding own against drilling boom

New research suggests drinking water supplies in Pennsylvania have shown resilience in the face of a drilling boom that has turned swaths of countryside into a major production zone for natural gas. Energy companies have drilled more than 11,000 wells since arriving en masse in 2008, making...


Business

Peek at the future: Electric plane cruises skies over Norway

Norway Electric Plane

COPENHAGEN, Denmark (AP) — Norway’s transportation minister and the head of the Scandinavian country’s airport operator took off Monday for a short flight ... aboard a Slovenian-made two-seater electric airplane. Dag Falk-Petersen, head of Avinor, sat at the commands of the white Pipistrel Alpha...


Business

AP Top Business News at 4:48 p.m. EDT

Audi CEO detained in diesel emissions case Apple sets up iPhones to relay location for 911 calls US stocks recovery from sharp early drop and finish mixed Experts say auto tariffs would raise prices, cost jobs Studies show groundwater holding own against drilling boom Supreme Court to take up...


Business

Senate bill would block WH deal with Chinese telecom company

WASHINGTON (AP) — The Senate is set to pass a defense policy bill that includes a pay raise for the military, but would block a White House plan to allow Chinese telecom giant ZTE to buy component parts from the U.S. The Chinese company is accused of violating trade laws by selling sensitive...


Business

Apple sets up iPhones to relay location for 911 calls

Apple-Smarter 911

SAN FRANCISCO (AP) — Apple is trying to drag the U.S.‘s antiquated system for handling 911 calls into the 21st century. If it lives up to Apple’s promise, the iPhone’s next operating system will automatically deliver quicker and more reliable information pinpointing the location of 911 calls to...


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