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AP Top Business News At 3:18 a.m. EDT

US Treasury secretary urges Greece to reach debt deal
WASHINGTON (AP) -- U.S. Treasury Secretary Jacob Lew is urging Greece to reach a deal with its creditors, warning that a default would "create immediate hardship for Greece" and damage the world economy....

After Alps crash, some experts ponder flights without pilots
NEW YORK (AP) -- To improve airline safety, maybe we need to remove the pilots....

China: New bank to enhance international finance system
WASHINGTON (AP) -- China's proposed infrastructure bank for Asia is intended to complement, not replace, existing lenders dominated by the U.S. and Japan, a senior Chinese official said Friday....

Greek 'day of reckoning' shakes stock markets
NEW YORK (AP) -- Fear that Greece could default on its debt and abandon the euro rattled global financial markets Friday....

Obama defends pursuit of sweeping trade pact
WASHINGTON (AP) -- President Barack Obama on Friday defended his pursuit of a sweeping trade pact as good for American workers in a global economy, dismissing fierce opposition from his own party as a "ratification of the status quo."...

Philanthropist, shopping mall developer Taubman dies at 91
BLOOMFIELD HILLS, Mich. (AP) -- A. Alfred Taubman, the self-made Michigan billionaire whose philanthropy and business success - including weaving the enclosed shopping mall into American culture - was clouded by a criminal conviction late in his career, has died. He was 91....

Verizon slices up the bundle, lets customers choose
NEW YORK (AP) -- Under pressure from an expanding number of cheaper online video services, the long-dominant bundle of channels offered by pay-TV companies is becoming a bit more flexible....

Why banks made more money last quarter
NEW YORK (AP) -- Wall Street and Main Street gave banks a boost last quarter....

Mylan skeptical of rumored Teva bid; hasn't received offer
NEW YORK (AP) -- Generic drugmaker Mylan, citing media speculation that Teva Pharmaceutical may be eyeing it as a takeover target, says it doubts that regulators would approve such a deal and is committed to its current strategy as a stand-alone company....

Senator: Decade-old Gulf oil leak is 'unacceptable'
BATON ROUGE, La. (AP) -- A U.S. senator from Florida is pressing federal officials to disclose technical data and other information about a decade-old oil leak in the Gulf of Mexico, after an investigation by The Associated Press revealed evidence that the spill is far worse than a company or government regulators have publicly reported....

Business Video
Multimedia
Captains of industry: Comparing CEO pay and performance
Unemployment by the numbers
Up to the Minute
US oil and natural gas rig count drops by 34 to 954

Recalls this week: blowers, bike hooks, mattresses, toys

GE posts $13.6 billion loss on finance unit sale

Why banks made more money last quarter

Business Highlights

After Alps crash, some experts ponder flights without pilots

Barbie shows signs of life as Mattel plots comeback

Mylan skeptical of rumored Teva bid; hasn't received offer

American Express and Mattel are big market movers

How the Dow Jones industrial average fared Friday