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AP Top Business News at 1:59 p.m. EDT

US economic growth in Q1 revised up to 0.8 percent rate
WASHINGTON (AP) -- The U.S. economy's slowdown in growth at the beginning of the year wasn't quite as bad as first thought, thanks to a bigger boost from housing and less drag from business investment and trade....

Fast money: Banks making it easier to split the tab
NEW YORK (AP) -- Splitting the bill for those pizzas you shared with your buddies or that utility bill that is suddenly due is going to get easier and faster even if you don't all use the same bank....

8 automakers recall over 12M vehicles for Takata air bags
DETROIT (AP) -- Eight automakers are recalling more than 12 million vehicles in the U.S. to replace potentially dangerous Takata air bag inflators....

Researchers: Asian bank hacks may be linked to North Korea
NEW YORK (AP) -- Cybersecurity researchers say North Korea might be connected to a recent attack that resulted in the theft of over $100 million from the Bangladeshi central bank and the attempted thefts of millions more from other Asian banks....

US consumer sentiment up in May to highest in nearly a year
WASHINGTON (AP) -- Americans turned more optimistic about the economy in May than the previous month, buoyed by steady hiring and higher incomes....

Abe claims success as G-7 leaders back action on economies
SHIMA, Japan (AP) -- Japanese Prime Minister Shinzo Abe claimed success Friday in winning support for his approach to fighting off a possible economic crisis from fellow leaders of the Group of Seven wealthy nations, despite mounting evidence the formula is failing to yield promised results in Japan....

Key issues at G-7: Global economy, terrorism, women
The leaders of the Group of Seven industrialized economies pledged to tackle major economic and political risks including terrorism, floods of refugees, climate change and cyber-attacks....

Verizon, unions reach deal in principle for 4-year contract
NEW YORK (AP) -- Striking Verizon employees may be back to work next week after the company and its unions reached an agreement in principle for a four-year contract....

How Alibaba won _ and lost _ a friend in Washington
SHANGHAI (AP) -- In 2011, a respected anti-counterfeiting coalition in Washington escalated its fight against the Chinese e-commerce giant Alibaba, saying its websites served as a 24-hour market "for counterfeiters and pirates" and should be blacklisted....

Defying critics, Libya's eastern bank prints its own money
BENGHAZI, Libya (AP) -- Libya's cash-strapped eastern central bank announced it had printed its own bank notes Friday, overcoming initial opposition from the U.N.-backed western government but sparking concern at the divided country's ability to develop coherent monetary and economic policies....

Business Video
Multimedia
Captains of industry: Comparing CEO pay and performance
Unemployment by the numbers
Up to the Minute
Verizon, unions reach deal in principle for 4-year contract

Fast money: Banks making it easier to split the tab

Hercules Offshore strikes deal with lenders

Markets Right Now: Stocks trade higher on Wall Street

Remember these? Pinto, Tylenol and other infamous recalls

US stocks rise, led by drug and consumer product makers

US consumer sentiment up in May to highest in nearly a year

US economic growth in Q1 revised up to 0.8 percent rate

8 automakers recall over 12M vehicles for Takata air bags

US economy grew at revised 0.8 percent rate in Q1, with less drag from trade and investment