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Audi CEO detained in diesel emissions case

Germany Volkswagen Audi Emission-1

BERLIN (AP) — German authorities on Monday detained the chief executive of Volkswagen’s Audi division, Rupert Stadler, as part of a probe into the manipulation of emissions controls. The move is an extension of the emissions scandal that has rocked Volkswagen since 2015 and led to billions in fines,...


Business

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...


Business

The Latest: Group in support of tax disappointed by ruling

BOSTON (AP) — The Latest on the decision by the Massachusetts high court to block a proposed “millionaire tax” (all times local): 11:15 a.m. A citizens group that collected more than 150,000 signatures in support of a so-called “millionaire tax” in Massachusetts says it is “incredibly disappointed”...


Business

Kate Spade's funeral to be held in birthplace of Kansas City

KANSAS CITY, Mo. (AP) — A funeral will be held for fashion designer Kate Spade this week in Kansas City, where she was born. The Kansas City Star reports that services for Spade are planned for 3 p.m. Thursday at Our Lady of Perpetual Help Redemptorist Church. Her father, Frank Brosnahan, says...


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

EU trade commissioner says trade liberalization has momentum

Australia European Trade

CANBERRA, Australia (AP) — Trade liberalization continues to have global momentum despite recent U.S. tariffs on steel and aluminum imports, the European trade commissioner said Monday as she launched free trade negotiations between the European Union and Australia. Trade Commissioner Cecilia...


Business

AP Top Business News at 11:19 a.m. EDT

Audi CEO detained in diesel emissions case Apple sets up iPhones to relay location for 911 calls Global stock indexes decline as investors focus on trade Supreme Court to take up iPhone app lawsuit Google to invest $550 million in Alibaba rival JD.com Peek at the future: Electric plane cruises...


Business

Builder optimism fades with potential trade war looming

Builder Sentiment

NEW YORK (AP) — The threat of a trade war with Canada has taken a toll on the confidence of U.S. homebuilders, according to index released Monday. The National Association of Home Builders/Wells Fargo builder sentiment index released Monday fell two points to 68 in June. A reading of 70 in May...


Auto

Global stock indexes decline as investors focus on trade

Financial Markets Wall Street

NEW YORK (AP) — Global stock indexes are declining Monday as investors remain concerned about rising trade tensions between the U.S. and China. Among U.S. stocks, technology and health care companies and banks are taking some of the worst losses. Volkswagen is falling after German authorities...


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