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AP Top Business News at 6:56 a.m. EST

Why GOP tax plan could mean cuts in state and local services
WASHINGTON (AP) -- It's a tax provision that could prove costly for schools, police forces, drug treatment centers and other state and local public services....

GOP betting that its fix for US economy will defy warnings
WASHINGTON (AP) -- The tax overhaul of 2017 amounts to a high-stakes gamble by Republicans in Congress: That slashing taxes for corporations and wealthy individuals will accelerate growth and assure greater prosperity for Americans for years to come....

A look at some winners and losers under the GOP tax plan
WASHINGTON (AP) -- Count President Donald Trump among the personal winners in the $1.5 trillion tax package that congressional Republicans are on the verge of passing. It's not only a political score for Trump but likely a windfall for his real estate empire, too....

Get Bach to work: Company orchestras a German tradition
FRANKFURT, Germany (AP) -- Can performing Beethoven symphonies together help employees team up on projects at work, too? Some companies - above all in Germany and Asia - seem to think so....

UK leader to meet officials to thrash out post-Brexit future
LONDON (AP) -- British Prime Minister Theresa May is meeting with her senior ministers to begin thrashing out Britain's plans for a trade deal with the European Union after Brexit....

Catalan economy feels the pinch amid bid to split from Spain
LISBON, Portugal (AP) -- Jittery businessmen in Catalonia, spooked by signs the recent tumult over the region's latest bid to secede from Spain is hurting the local economy, have put their investment plans on ice as they brace for the Catalan parliamentary election on Thursday....

New Bitcoin-based security bounces in trading debut on CME
NEW YORK (AP) -- A new security based on the price of the digital currency bitcoin is trading lower after its debut on the Chicago Mercantile Exchange, a week after another such security launched on a rival exchange....

World shares gain as focus turns to US tax overhaul
TOKYO (AP) -- Share prices were higher in Europe on Monday after a day of robust gains in Asia. Japan's benchmark jumped 1.6 percent on news the country's exports surged in November. Wall Street looks set to extend last week's gains on optimism over prospects for U.S. tax reform legislation....

Toyota planning 10 purely electric vehicles by 2020s
TOKYO (AP) -- Toyota plans to offer more than 10 purely electric vehicle models in its lineup by the early 2020s, marking the Japanese automaker's commitment to that growing technology sector....

EU complains US tax plans could endanger EU-US trade
BRUSSELS (AP) -- The European Union's executive branch is warning the United States that its planned tax overhaul could violate some of its international obligations and risks "seriously hampering" trans-Atlantic trade....

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Why GOP tax plan could mean cuts in state and local services

GOP betting that its fix for US economy will defy warnings

A look at some winners and losers under the GOP tax plan

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