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AP Top Business News at 3:05 a.m. EDT

Asian stock markets rally on US recovery hopes
SEOUL, South Korea (AP) -- Asian stock markets rallied Wednesday as solid U.S. housing sales data and overnight gains on Wall Street raised expectations for a strong recovery in the world's largest economy....

Huawei files lawsuits accusing Samsung of violating patents
BEIJING (AP) -- Chinese tech giant Huawei said Wednesday it has filed patent infringement lawsuits against South Korean mobile phone rival Samsung in the United States and China, in a case that highlights the rise of Asian competitors as technology creators....

Group of 7 seeks way forward for aging, faltering economies
TOKYO (AP) -- Leaders of the Group of Seven rich nations will undoubtedly voice unity over fighting terrorism, pandemics and tax evasion at their summit in Japan this week. Finding a consensus on how to breathe life into their sluggish economies is proving more elusive....

China's Wanda prepares for battle with 'old brand' Disney
BEIJING (AP) -- Mickey Mouse has a new and deep-pocketed challenger: China's shopping mall king....

Goodbye, empty nest: Millennials staying longer with parents
WASHINGTON (AP) -- Many of America's young adults appear to be in no hurry to move out of their old bedrooms....

Military spouses struggle to find jobs
WASHINGTON (AP) -- Military spouses struggle to find jobs and are more likely to work for less pay or in positions below their education level, spurring unemployment and other costs of as much as $1 billion a year, according to a study....

Fares are cheap; airlines don't want them to stay that way
DALLAS (AP) -- Enjoy lower airfares while you can. Airlines are taking steps to push prices higher by next year....

HP Enterprise gets smaller by selling services division
SAN FRANCISCO (AP) -- Hewlett Packard Enterprise is continuing to slim down by selling its business services division to competitor Computer Sciences Corp....

US new-home sales jump to highest level in more than 8 years
WASHINGTON (AP) -- Americans ramped up their purchases of new homes in April to the highest level since January 2008, evidence of a strong start to the spring buying season....

Monsanto rejects $62B Bayer bid, but still open to talks
NEW YORK (AP) -- Monsanto rejected Bayer's $62 billion takeover bid, calling it "incomplete and financially inadequate."...

Business Video
Multimedia
Captains of industry: Comparing CEO pay and performance
Unemployment by the numbers
Up to the Minute
Monsanto rejects $62B Bayer bid, but still open to talks

Business Highlights

Best Buy offers weak profit view, says CFO stepping down

How the Dow Jones industrial average fared on Tuesday

Tech companies take the lead as US stocks surge

Toll Brothers and JPMorgan rise, CF Industries slumps

Markets Right Now: Stocks move solidly higher on Wall Street

Travel experts have tips for booking summer travel

Fares are cheap; airlines don't want them to stay that way

A rising housing market lifts builders, home goods retailers