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AP Top Business News At 10 a.m. EST

US stocks rise early in wake of strong Asian markets, improved business confidence in Germany
U.S. stocks rose in early trading in line with gains from Asian markets and thanks to improvement in German business confidence....

United Technologies CEO announces retirement, succeeded by chief financial officer
HARTFORD, Conn. (AP) -- Aerospace and building systems giant United Technologies announced Monday the abrupt retirement of CEO Louis Chenevert, and named Chief Financial Officer Greg Hayes to succeed him....

Japan's young fret over uncertain future as herculean stimulus effort fails to halt recession
TOKYO (AP) -- When Prime Minister Shinzo Abe responded to Japan's surprise recession by delaying a sales-tax increase, it was a cause for worry, not celebration, for many young Japanese. This generation, barely aware of their country's economic heyday, frets that putting off tough decisions now could make the future even worse....

Demand for low-end smartphones is on the rise as some customers favor price over brand
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 _ and the trade-offs you make
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....

As computer hackers show cars can be commandeered, feds and automakers aim to block threats
LOS ANGELES (AP) -- Against the team of hackers, the poor car stood no chance....

German business confidence rises in November, ending 6 months of declines
BERLIN (AP) -- A closely-watched survey shows German business confidence rose in November, putting an end to six consecutive months of declines....

As drugmakers and hospitals cut costs and sharpen focus, health care deals lead global surge
In a big year for deal making, the health care industry is a standout....

Q&A: Detroit's bankruptcy plan is set but a flight to solvency hasn't left the runway yet
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....

ECB official: Monetary policy can't boost long-term growth, calls for pro-investment reforms
FRANKFURT, Germany (AP) -- A member of the European Central Bank's rate-setting council has said monetary policy cannot boost long-term growth and called for reforms by governments to make the weak economy more investment-friendly....

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Up to the Minute
United Technologies CEO announces retirement, succeeded by chief financial officer

US stocks rise early in wake of strong Asian markets, improved business confidence in Germany

ECB official: Monetary policy can't boost long-term growth, calls for pro-investment reforms

German business confidence rises in November, ending 6 months of declines

Swiss-based agribusiness giant Syngenta targets 1,800 jobs as part of cost-savings

Jacobs Engineering CEO Craig Martin announces retirement, cites health reasons

Small-town discount retailer Alco Stores to end operations following Dallas bankruptcy order

How the Dow Jones industrial average and other major indexes fared on Friday

GameStop, Gap, Hertz, Hibbett Sports and Aruba Networks are big market movers

China cuts interest rates, ECB eyes more stimulus in efforts to reverse global slowdown


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