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AP Top Business News at 1:28 p.m. EDT

Audi CEO detained in diesel emissions case Apple sets up iPhones to relay location for 911 calls US stocks dip as household goods, health care companies fall Experts say auto tariffs would raise prices, cost jobs Supreme Court to take up iPhone app lawsuit Google to invest $550 million in Alibaba...


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US stocks dip as household goods, health care companies fall

Financial Markets Wall Street

NEW YORK (AP) — U.S. stocks are mostly lower Monday afternoon as household goods makers and health care companies slump. Energy companies are rising with oil prices while technology companies and smaller, more U.S.-focused companies are mixed. Indexes in Europe and Asia are lower, and Volkswagen is...


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EU extends restrictions on business in Crimean Peninsula

BRUSSELS (AP) — The European Union said Monday it has extended restrictions on doing business with companies or officials in Ukraine’s Crimea region and the city of Sevastopol for a year over Russia’s annexation of the peninsula. EU headquarters said in a statement that the measures, which include...


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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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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,...


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JetBlue founder raising funds for new US airline, reports say

(c) 2018, Bloomberg. After a decade of industry consolidation, David Neeleman, one of aviation’s famed entrepreneurs, sees room for a new low-cost U.S. airline focused on reducing travel hassles by using smaller airports, according to two industry reports. The proposed airline, currently dubbed...


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Derailed train bursts into flames in southwest Indiana

PRINCETON, Ind. (AP) — A freight train derailed in southwest Indiana and several train cars caught fire, possibly due to a propane leak, forcing the mandatory evacuation of nearby homes while authorities monitored air quality Monday, officials said. The train derailed Sunday evening near a trailer...


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Private jet once owned by Elvis Presley for sale _ again

ALBUQUERQUE, N.M. (AP) — A private jet once owned by Elvis Presley that has sat on a runway in New Mexico for nearly four decades is back on the auction block. The online auction site IronPlanet announced this week that the plane with red velvet seats had returned the market after its current owner...


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Fujifilm sues Xerox for $1 billion over failed takeover bid

(c) 2018, Bloomberg. Fujifilm Holdings Corp. accused Xerox Corp. of caving to the whims of Carl Icahn and Darwin Deason in backing out of a $6.1 billion takeover deal. Fujifilm sued Xerox Monday in Manhattan federal court over the failed takeover, seeking more than $1 billion in damages. Xerox’s...


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Critics scoff at UK govt claim of Brexit spending dividend

LONDON (AP) — British Prime Minister Theresa May unveiled details Monday of a plan to boost health care funding by 3.4 percent a year, saying a “Brexit dividend” of cost savings would partly pay for the increase. Opponents welcomed the extra spending, but said claims that Britain would get an...


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