Business News

AP Top Business News At 2:54 p.m. EDT

Detroit's historic bankruptcy trial to begin
DETROIT (AP) -- Opening arguments in Detroit's historic bankruptcy trial are expected to begin Tuesday afternoon in federal court, where lawyers for the city will attempt to convince a judge that its plans to wipe out billions of dollars in debt should be approved....

It's no longer safe to recline your airplane seat
NEW YORK (AP) -- Squeezed into tighter and tighter spaces, airline passengers appear to be rebelling, taking their frustrations out on other fliers....

Some fear auto industry returning to bad habits
DETROIT (AP) -- Big discounts. Six- or seven-year loans, in some cases to buyers who would have been turned down in the past....

US manufacturing grows at fastest pace in 3 1/2 years
WASHINGTON (AP) -- U.S. manufacturing grew in August at the strongest pace in more than three years as factories cranked out more goods and new orders rose....

US stock market turns lower in afternoon trading
NEW YORK (AP) -- U.S. stocks were mostly lower in afternoon trading Tuesday even after news that the economy was gaining strength. The S&P 500 dipped back below 2,000 points as oil producers weighed the index down....

Dominion, Duke propose $5B natural gas pipeline
NEW YORK (AP) -- Dominion Resources, Duke Energy and other partners are proposing a $5 billion natural gas pipeline to connect the Southeast with the prodigious supplies of natural gas being produced in Pennsylvania, Ohio and West Virginia....

Apple says some celebrity accounts compromised
NEW YORK (AP) -- Apple says that some celebrity accounts were deliberately targeted and hacked, leading to the posting of nude photos online....

Dollar General raises Family Dollar bid to $9.1B
GOODLETTSVILLE, Tenn. (AP) -- Dollar General upped its bid for the rival Family Dollar chain and addressed an earlier roadblock, saying that it will more than double the number of stores it would shed to ease the antitrust concerns of its takeover target....

New York: Bank didn't lend to blacks in Buffalo
BUFFALO, N.Y. (AP) -- A bank purposely avoided giving mortgages to African-Americans by locating all of its branches outside black neighborhoods and directing advertising and loan products toward largely white communities, New York's attorney general said in a lawsuit filed Tuesday as part of a wider investigation into an illegal practice known as redlining....

Halliburton reaches $1B Gulf oil spill settlement
NEW YORK (AP) -- Halliburton agreed to pay $1.1 billion to settle what it calls "a substantial portion" of plaintiff claims arising from the 2010 BP oil spill in the Gulf of Mexico....

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US stock market turns lower in afternoon trading

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Select Income REIT adds to portfolio in $2.7B deal

US stocks are mostly lower at midday

Some fear auto industry returning to bad habits

Halliburton reaches $1B Gulf oil spill settlement

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