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AP Top Business News At 1 p.m. EST

Why the Sony hack isn't big news in Japan
Japan's biggest newspaper, Yomiuri Shimbun, featured a story about Sony Corp. on its website Friday. It wasn't about hacking. It was about the company's struggling tablet business....

Hopes, fears, doubts surround Cuba's oil future
MIAMI (AP) -- One of the most prolific oil and gas basins on the planet sits just off Cuba's northwest coast, and the thaw in relations with the United States is giving rise to hopes that Cuba can now get in on the action....

N. Korea proposes joint probe over Sony hacking
SEOUL, South Korea (AP) -- North Korea on Saturday proposed a joint investigation with the U.S. into the hacking attack against Sony Pictures Entertainment, warning of "serious" consequences if Washington rejects a probe that it believes would prove Pyongyang had nothing to do with the cyberattack....

Tick-tock: Tips for last-minute shoppers
PORTLAND, Ore. (AP) -- The clock is ticking, and your holiday shopping list isn't complete....

Texas ranchers seeking alternative incomes
GAIL, Texas (AP) -- The Muleshoe Ranch's profits were chopped in half when the drought withered pastures, dried up stock tanks and forced the owner to move most of his cattle out of state....

Falling oil prices worry Algeria
ALGIERS, Algeria (AP) -- With oil prices at their lowest in five years and showing few signs of hitting bottom, Algeria is feeling the pinch....

Russia dismisses new US sanctions as useless
MOSCOW (AP) -- Russia on Saturday dismissed new U.S. sanctions as useless and said it was poised to wait as long as it takes for the U.S. to recognize its historic right to the Crimean peninsula....

Sony on shelving 'The Interview': 'We had no choice'
NEW YORK (AP) -- Following pointed criticism from President Barack Obama for shelving "The Interview," Sony Pictures Entertainment on Friday defended its decision, claiming it had no choice but to cancel the film's Christmas Day theatrical release....

Global oil impact: Who's hurting, happy, hopeful
NEW YORK (AP) -- Oil's plunge is spreading both pain and gain across the globe....

Protesters in contempt of court for anti-whaling campaign
SAN FRANCISCO (AP) -- Radical environmentalists who threw acid and smoke bombs at Japanese whalers were found in contempt of court for continuing their relentless campaign to disrupt the annual whale hunt off the waters of Antarctica....

Business Video
Multimedia
Captains of industry: Comparing CEO pay and performance
Unemployment by the numbers
Up to the Minute
Falling oil prices worry Algeria

Hopes, fears, doubts surround Cuba's oil future

US regulators close small Minnesota bank

Kocherlakota warns Fed of 'unacceptable' risk

Staples: Customer data exposed in security breach

Judge: Family Dollar can vote on Dollar Tree buyout

Hasbro and Xerox are big market movers

Business Highlights

Sales for holiday shopping season come down to the wire

Chrysler gives in to gov't, expands air bag recall