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AP Top Business News At 1 a.m. EDT

Review: Apple Pay in action
NEW YORK (AP) -- If there ever comes a day I can ditch my wallet and use my phone to pay for everything, I'll look back to my first purchase through Apple Pay: a Big Mac and medium fries for $5.44. That wallet-free day won't be coming for a while, if ever, but Apple's new payments system brings us much closer....

A list of merchants taking Apple Pay
More than 200,000 payment locations in the U.S. are equipped to accept so-called contactless payments, including Apple Pay. Smaller merchants tend to be among the several millions that don't have the required equipment yet....

China economy grows at slowest pace in 5 years
BEIJING (AP) -- China's economic growth waned to a five-year low of 7.3 percent last quarter, raising concerns of a spillover effect on the global economy but falling roughly in line with Chinese leaders' plans for a controlled slowdown....

Cost of making 'Hobbit' movies up to $745 million
WELLINGTON, New Zealand (AP) -- The movie trilogy "The Hobbit" has so far cost nearly three-quarters of a billion dollars to make as the epic continues to set new benchmarks for studio spending....

Total oil company CEO dies in Moscow plane crash
MOSCOW (AP) -- The CEO of French oil giant Total SA was killed when his corporate jet collided with a snow removal machine Monday night at Moscow's Vnukovo Airport, the company said....

Record iPhone sales drive Apple's 3Q beat
SAN FRANCISCO (AP) -- The iPhone again proved to be the engine behind Apple's blockbuster financial performance, driving quarterly results well past expectations....

GOP governors don't see 'Obamacare' going away
WASHINGTON (AP) -- While Republicans in Congress shout, "Repeal Obamacare," GOP governors in many states have quietly accepted the law's major Medicaid expansion. Even if their party wins control of the Senate in the upcoming elections, they just don't see the law going away....

Not so fast cordcutters_cable's not going anywhere
NEW YORK (AP) -- Cord cutters rejoiced last week after HBO and CBS announced plans to sell stand-alone streaming services, a move that cable and satellite television providers have resisted for years. Customers tired of paying big fees for hundreds of channels they never watch just to have access to a few favorite shows might be expected to start cancelling cable service in droves. Get Netflix, throw in HBO, add a network here and there - why would anyone sign up now for cable?...

Apple Pay Q&A: What you need to know
CUPERTINO, Calif. (AP) -- Apple's mobile payment system, Apple Pay, made its debut Monday. Now you can flash your new iPhone in the checkout line to pay for food, clothing and other goods. There's no need to pull out your credit card....

Asian stocks meander after China growth slows
TOKYO (AP) -- Asian stock markets shrugged off China's weakest economic growth in five years, finding a silver lining in the fact it didn't slow as much as feared....

Business Video
Multimedia
Captains of industry: Comparing CEO pay and performance
Unemployment by the numbers
Up to the Minute
America says no to cappuccino potato chips

AbbVie to pay Shire $1.64B fee over nixed merger

US airlines raise base fares on domestic flights

US agency warns car owners to get air bags fixed

Figures on government spending and debt

Ikea makes push for growth

Rates rise at weekly US Treasury auction

US regulator: Fannie, Freddie in deal with banks

UPS increases some shipping rates by 4.9 percent

How the Dow Jones industrial average did Monday