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AP Top Business News At 11:40 a.m. EDT

Failed bitcoin exchange chief arrested in Japan; suspected of inflating account by $1 million
TOKYO (AP) -- The head of the failed Japan-based bitcoin exchange Mt. Gox was arrested in Tokyo on Saturday on suspicion of inflating his cash account by $1 million, authorities said....

China's manufacturing weak, showing zero growth in July
BEIJING (AP) -- China's manufacturing recorded no growth in July, in a sign of weakness in the world's second-largest economy, according to data released by an industry group on Saturday....

Drivers, shippers delight in low prices, but oil industry wrestling with layoffs, losses
NEW YORK (AP) -- As drivers, shippers and airlines continue to enjoy lower fuel prices, the oil industry is responding to much lower profits with sharp cuts in spending and employment that are hurting economic growth....

Florida power firm gave $1 million to super PAC supporting Bush, who pushed for rate increase
WASHINGTON (AP) -- The largest Florida corporate donor to a super political action committee backing former Gov. Jeb Bush's presidential run is NextEra Energy Inc., the company that owns electric utility giant Florida Power & Light....

US stocks end lower as Exxon and Chevron slump on earnings; Oil falls sharply again
NEW YORK (AP) -- Stocks closed modestly lower Friday as oil titans Exxon Mobil and Chevron led a slump in energy stocks....

Some crops falter in Midwest's record rains; farmers hope for better, but not too dry, weather
INDIANAPOLIS (AP) -- Weeks of record rainfalls drenched Don Lamb's cornfields this summer, drowning some plants and leaving others yellowed, 2 feet tall and capable of producing little, if any, grain....

No longer a dumping ground, auctions become viable option for luxury home sellers
EDWARDS, Colo. (AP) -- Bob and Karin Weber built their dream home 14 years ago, creating an 11,000-square-foot mountaintop oasis. Now that the couple is in their 70s, they're ready to downsize and possibly move to nearby Vail....

Luxury Home Auctions Glance
Sales of luxury homes through auctions have steadily climbed since the economy started recovering, giving sellers an option outside of the traditional list-and-wait method....

Seattle restaurant succeeds with $15 minimum wage, but broader effects of pay law uncertain
SEATTLE (AP) -- Menu prices are up 21 percent and you don't have to tip at Ivar's Salmon House on Seattle's Lake Union after the restaurant decided to institute the city's $15-an-hour minimum wage two years ahead of schedule....

Pacific Rim ministers fail to reach deal in Hawaii talks but claim 'significant progress' made
LAHAINA, Hawaii (AP) -- Trade ministers from a dozen Pacific Rim nations failed to reach a deal on a new trade agreement that would cover nearly 40 percent of the global economy, U.S. Trade Representative Michael Froman said Friday....

Business Video
Captains of industry: Comparing CEO pay and performance
Unemployment by the numbers
Up to the Minute
From rents to haircuts, an unfamiliar trend is emerging for US consumers: price increases

Jason Industries posts loss of $1.6 million in second quarter

FDA says hospitals should stop using Hospira pump because of vulnerability to hacking

Verizon workers ready for possible strike in dispute over new contract

Business Highlights

Too racy for drugstores? Rite Aid says it will put Cosmopolitan behind a protective shield

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

US stocks end lower as Exxon and Chevron slump on earnings; Oil falls sharply again

LinkedIn, Expedia, Hanesbrands, Amgen and Moneygram are big market movers

Figures on government spending and debt