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AP Top Business News at 1:54 p.m. EST

US markets follow global shares lower
Major U.S. stock indexes veered sharply lower in midday trading Thursday as concerns about global economic weakness intensified, even as Federal Reserve Chair Janet Yellen reiterated her confidence in the U.S. economy. The latest slide followed steep market declines all around the world. Financial stocks were among the biggest decliners....

Yellen: Too early to determine impact of global developments
WASHINGTON (AP) -- Federal Reserve Chair Janet Yellen cautioned Thursday that global economic pressures pose risks to the U.S. economy but said it's too soon to know whether those risks are severe enough to alter the Fed's interest-rate policies....

What a recession does to your money
NEW YORK (AP) -- If we are indeed in the midst of a recession - and we won't know we're in one until well after it's begun - stocks likely still have a long way to go down....

Congress gives final OK to banning local Internet taxes
WASHINGTON (AP) -- Congress voted Thursday to permanently bar state and local governments from taxing access to the Internet, as lawmakers leapt at an election-year chance to demonstrate their opposition to imposing levies on online service....

Cruz app data collection helps campaign read minds of voters
WASHINGTON (AP) -- Protecting the privacy of law-abiding citizens from the government is a pillar of Ted Cruz's Republican presidential candidacy, but his campaign is testing the limits of siphoning personal data from supporters....

As 'Force Awakens' winds down, 'Avatar' remains supreme
NEW YORK (AP) -- Two months after opening to unprecedented fanfare, "Star Wars: The Force Awakens" is finally winding down in theaters, leaving behind arsenals of plastic lightsabers and a trail of box-office records....

Zika virus has phones ringing at pest control, travel firms
NEW YORK (AP) -- Some small U.S. companies are getting an influx in calls - and in some cases, unexpected business- due to fears about the Zika virus....

Morgan Stanley to pay $3.2B over contributors to '08 crisis
ALBANY, N.Y. (AP) -- Morgan Stanley will pay $3.2 billion in a settlement over bank practices that contributed to the 2008 financial crisis, including misrepresentations about the value of mortgage-backed securities, authorities announced Thursday....

Nokia says quarterly profit rose but cautions on outlook
HELSINKI (AP) -- Nokia Corp. saw fourth-quarter profit grow more than 50 percent to 498 million euros ($560 million) on a slight increase in sales, but the telecom networks company cautioned it would face some "market headwinds," especially in China....

Q&A: Assessing Yellen's concerns about economy and markets
WASHINGTON (AP) -- What's likely keeping Janet Yellen up at night?...

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Yellen: Too early to determine impact of global developments

US markets follow global shares lower

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Magazine publisher Time Inc. buys what's left of MySpace

What a recession does to your money

Average US rate on 30-year mortgage falls to 3.65 percent

IMF nominates managing director Lagarde for second term

Reynolds American 4Q profit jumps, but misses forecasts

Applications for US jobless aid fell sharply last week