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AP Top Business News At 6:53 p.m. EDT

Obama vows to stay on the case for minimum wage boost, with economy 'revving'
MILWAUKEE (AP) -- President Barack Obama renewed his push for Congress to raise the minimum wage Monday in a buoyant accounting of the economy's "revving" performance, delivered on behalf of Democrats opening their fall campaigns for the midterm congressional elections....

Too much austerity? Europe confronts impact of its policies as economic recovery fades
FRANKFURT, Germany (AP) -- Europe's economic recovery is in danger. Governments are under pressure to save it, but struggling with political obstacles and disagreement among themselves over what to do....

With Wall Street closed for Labor Day, markets around the world drift
LONDON (AP) -- Ahead of a raft of economic developments this week, financial markets started the week on a lackluster note Monday as Wall Street was closed for the Labor Day holiday....

Civil disobedience, arrests planned in fast-food protests for $15 an hour, unionization
NEW YORK (AP) -- McDonald's, Wendy's and other fast-food restaurants are expected to be targeted with acts of civil disobedience that could lead to arrests Thursday as labor organizers escalate their campaign to unionize the industry's workers....

$2.4B Revel Casino Hotel begins its shutdown after just over 2 years in Atlantic City
ATLANTIC CITY, N.J. (AP) -- The most spectacular and costly failure in Atlantic City's 36-year history of casino gambling began to play out Monday when the $2.4 billion Revel Casino Hotel emptied its hotel....

Alibaba IPO comes with unusual business structure that is price of admittance to China growth
BEIJING (AP) -- Foreigners who want to buy Alibaba Group shares in the Chinese e-commerce giant's U.S. public offering will need to get comfortable with an unusual business structure....

Towns hit by Sandy wrestle with questions of eminent domain in beach protection projects
ASHAROKEN, N.Y. (AP) -- On a tiny spit of land off Long Island, the wealthy village of Asharoken faces a dilemma borne of Superstorm Sandy....

Data center companies are finding Cleveland fertile ground for growing their server farms
CLEVELAND (AP) -- Northeast Ohio is hardly ready to usurp Silicon Valley as a high-tech mecca, but a growing number of data centers are choosing to locate in and around Cleveland to take advantage of cheap power, an abundance of fiber-optic cable and one of the safest environments in the country for storing digital information....

Cuba cracks down on multi-billion dollar flow of consumer goods in air passengers' luggage
HAVANA (AP) -- Lugging duffel bags crammed with soap, socks, toys and other hard-to-obtain consumer goods, travelers arriving in Cuba on Monday complained that new government restrictions on their imports would leave their families wanting....

India Prime Minister Modi wins pledges of support from Japan government, industry
TOKYO (AP) -- Japan and India agreed Monday to step up their economic and security cooperation as visiting Prime Minister Narendra Modi won pledges of support for his effort to revitalize the lagging Indian economy....

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Up to the Minute
Civil disobedience, arrests planned in fast-food protests for $15 an hour, unionization

Too much austerity? Europe confronts impact of its policies as economic recovery fades

North Carolina offered $100M to lure Toyota headquarters but lost to Texas bid half that size

Startup of European pressurized nuclear reactor in Finland further delayed until 2018

Norwegian oil firm Statoil reopens plant in Algeria after 5 workers killed in terror attack

Heineken sells Mexican packaging business to Crown for $1.23 billion

Emaar Properties, developer of the Dubai Mall, to list part of its retail unit on stock market

South American fast-food chains use Florida as gateway to the US market

Is the stock rally almost over or does it have legs? The bull and bear cases

IMF board expresses confidence in Managing Director Lagarde despite French investigation


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