AP Top Business News At 4:54 a.m. EST

Do you need to break the bank to get a good phone?
NEW YORK (AP) -- It might seem as though everyone has an iPhone or Galaxy smartphone. But many customers are eschewing the best cameras and screens - and their top-end price tags - and choosing models that can get the job done at less than a third of the cost....

Review: 3 cheap smartphones to consider
NEW YORK (AP) -- The cheapest smartphones don't have all the gizmos of Apple or Samsung models, but I'm impressed by how many features you do get for roughly a third of the price....

Global stocks gain after China rate cut
BEIJING (AP) -- Asian stocks rose Monday after China's surprise interest rate cut as investors looked ahead to European inflation data due out this week and an OPEC meeting to discuss oil production levels....

German business confidence up after long decline
BERLIN (AP) -- A closely-watched survey shows German business confidence rose in November, putting an end to six consecutive months of declines....

Health care M&A leads global deal surge
In a big year for deal making, the health care industry is a standout....

Belgian strike paralyzes Antwerp port
BRUSSELS (AP) -- Trade unions have opened a month of intermittent strike action by paralyzing the port of Antwerp and slowing train traffic through much of Belgium....

Questions, answers about Detroit's bankruptcy
DETROIT (AP) -- A judge on Nov. 7 signed off on Detroit's plan to emerge from bankruptcy, but he didn't specify when that would happen. A specific date is expected to be discussed during a court hearing Monday....

Syngenta, Swiss agribusiness, targets 1,800 jobs
GENEVA (AP) -- Agrochemicals giant Syngenta says it is eliminating or reshuffling 1,800 jobs globally as part of a $1 billion cost-cutting program to boost earnings....

Jacobs Engineering CEO to retire this year
PASADENA, Calif. (AP) -- The construction services firm Jacobs Engineering says CEO Craig Martin will step down in late December because of health reasons....

Portuguese ex-premier quizzed again in fraud case
LISBON, Portugal (AP) -- Former Portuguese Prime Minister Jose Socrates is back in court for more questioning by a judge about suspected corruption, money-laundering and tax fraud....

Business Video
Captains of industry: Comparing CEO pay and performance
Unemployment by the numbers
Up to the Minute
German business confidence up after long decline

Syngenta, Swiss agribusiness, targets 1,800 jobs

Jacobs Engineering CEO to retire this year

Alco Stores to close following bankruptcy order

How the Dow Jones industrials did on Friday

GameStop and Gap are big market movers

China, Europe chase growth amid global slowdown

Figures on government spending and debt

Dow, S&P 500 push further into record territory

Credit Suisse guilty plea on US taxes is official