Associated Press

AP Top Business News At 12:05 a.m. EDT

Higher costs pressured businesses in 1st quarter
NEW YORK (AP) -- Rising costs for materials and labor appear to be pressuring businesses, according to a quarterly survey from the National Association of Business Economics....

Japan logs record $134B trade deficit in FY 2013
TOKYO (AP) -- Japan's trade deficit surged nearly 70 percent to a record 13.75 trillion yen ($134 billion) in the last fiscal year, the third straight year of deficit, as exports failed to keep pace with surging energy costs....

Study: Fuels from corn waste not better than gas
WASHINGTON (AP) -- Biofuels made from the leftovers of harvested corn plants are worse than gasoline for global warming in the short term, a study shows, challenging the Obama administration's conclusions that they are a much cleaner oil alternative and will help combat climate change....

Brand names in NY standardized tests vex parents
NEW YORK (AP) -- "Just Do It" has been a familiar Nike slogan for years, but some parents are wondering what it was doing on some of New York's Common Core standardized English tests....

Asian stocks mixed after holiday weekend
BEIJING (AP) -- Asian stocks were mixed Monday in light trading after Japan reported a jump in its trade deficit and investors looked ahead to economic data this week from China and Korea....

Kraft recalls 96,000 pounds of Oscar Mayer wieners
NEW YORK (AP) -- Kraft Foods is recalling 96,000 pounds of its Oscar Mayer wieners because they may mistakenly contain cheese....

Documents detail another delayed GM recall
DETROIT (AP) -- General Motors waited years to recall nearly 335,000 Saturn Ions for power steering failures despite getting thousands of consumer complaints and more than 30,000 warranty repair claims, according to government documents released Saturday....

Navy OKs changes for submariners' sleep schedules
GROTON, Conn. (AP) -- With no sunlight to set day apart from night on a submarine, the U.S. Navy for decades has staggered sailors' working hours on schedules with little resemblance to life above the ocean's surface....

Fracking foes cringe as unions back drilling boom
PITTSBURGH (AP) -- After early complaints that out-of-state firms got the most jobs, some local construction trade workers and union members in Pennsylvania, Ohio and West Virginia say they're now benefiting in a big way from the Marcellus and Utica Shale oil and gas boom....

Coachella's young audience a marketers paradise
INDIO, Calif. (AP) -- When it first started in 1999, Coachella was a couple of stages and a dance tent. Tickets were $65. A few dusty stands sold hot dogs and Cokes. It was the end of grunge and the start of a new millennium, and it was all about the music. All for one weekend....

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Figures on government spending and debt

Correction: Restaurant Sales story

Recalls this week: lanterns, exercise devices

Bank of Cyprus sells business in Ukraine, Romania

Chobani to expand offerings amid competition