AP Top Business News At 7:49 a.m. EDT

Shelly Sterling talks about husband, Clippers sale
LOS ANGELES (AP) -- When Shelly Sterling was approached by former Microsoft CEO Steve Ballmer about buying the Los Angeles Clippers, the wife of disgraced team owner Donald Sterling did not know who Ballmer was. But in short order she convinced him that the team was worth an unprecedented $2 billion....

Malaysia Airlines to cut 6,000 staff in overhaul
KUALA LUMPUR, Malaysia (AP) -- Malaysia Airlines will cut 6,000 workers as part of a $1.9 billion overhaul announced Friday to revive its damaged brand after being hit by double passenger jet disasters....

German economic fears growing but Merkel strong
BERLIN (AP) -- Ordinary Germans are spooked about the future. Businesses are starting to see black clouds on the horizon. And an economy that has been the envy of Europe is showing cracks, shrinking unexpectedly last quarter amid the conflict in Ukraine....

Worrying eurozone inflation sags again to 0.3 pct
FRANKFURT, Germany (AP) -- Inflation in the 18 countries that use the euro sank to 0.3 percent in August, a worrying sign of economic weakness that is putting pressure on the European Central Bank to take drastic steps to save a stalling recovery....

Visual search to shop: gimmick or game changing?
NEW YORK (AP) -- Imagine using your phone to snap a photo of the cool pair of sunglasses your friend is wearing and instantly receiving a slew of information about the shades along with a link to order them....

Asia stocks drift, Tokyo steadies after weak data
HONG KONG (AP) -- Asian stock markets drifted Friday following Japanese data showing that the region's second biggest economy is struggling to recover from a sales tax hike. European shares were marginally higher even as a report said eurozone inflation slipped....

US economy grew at brisk 4.2 pct. rate in Q2
WASHINGTON (AP) -- After a bleak start to the year, the U.S. economy grew at a brisk annual rate of 4.2 percent in the April-June quarter, the government said Thursday, slightly faster than it had first estimated....

Apple to unveil next products at Sept. 9 event
SAN FRANCISCO (AP) -- Apple's latest product launch will be in a setting that holds a special place in its history, signaling how big this event is for the company....

Chinese e-commerce rivals challenge Alibaba
BEIJING (AP) -- China's biggest property developer, Wanda Group, and Internet giants Baidu and Tencent unveiled a new e-commerce venture Friday in a challenge to industry leader Alibaba Group ahead of its U.S. stock offering....

Fiat investor tally shows Chrysler deal on course
ROME (AP) -- Fiat says an ongoing tally of investors suggests there are not enough opposed to a merger with Chrysler to derail the deal....

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US bank earnings up 5.2 percent in 2Q

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US economy grew at brisk 4.2 pct. rate in Q2