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AP Top Business News at 2:48 a.m. EDT

Asian stocks mostly higher following US lead
MANILA, Philippines (AP) -- Asian stocks were mostly up Tuesday after U.S. stock indexes moved solidly higher, recovering some of last week's steep declines....

Lights out: Philips to launch IPO for lighting division
THE HAGUE, Netherlands (AP) -- Royal Philips NV says it is spinning off its iconic lighting division in an initial public offering so it can focus on its future as a health technology provider....

Who created bitcoin? The long search may not be over
SAN FRANCISCO (AP) -- Who is Satoshi Nakamoto? For many in the tech world, the identity of bitcoin's elusive creator has been a long-running parlor game. And the speculation might not be over....

Bitcoin's creator unmasks himself _ well, maybe
LOS ANGELES (AP) -- The mystery creator of the digital currency bitcoin has finally stepped forward. Or has he?...

AP EXPLAINS: What is bitcoin? A look at the digital currency
NEW YORK (AP) -- Bitcoin is a type of digital currency that allows people to buy goods and services and exchange money without involving banks, credit card issuers or other third parties. Its origins have long been a mystery - though an Australian man long rumored to have ties to bitcoin has come forward claiming to be its creator....

HSBC profit lower in volatile market
BEIJING (AP) -- HSBC Holdings PLC says its latest quarterly profit fell 18 percent from a year earlier due to global market volatility....

Puerto Rico skips bond payments, says Congress must help
SAN JUAN, Puerto Rico (AP) -- A spiraling Puerto Rico debt crisis reached a new milestone as the island missed nearly $370 million on a bond payment Monday and officials warned of worse to come if the U.S. Congress doesn't help it dig out from a mountain of debt....

Halliburton, Baker Hughes eye future after merger scuttled
DALLAS (AP) -- Halliburton and Baker Hughes, whose planned merger is the latest big deal to be shot down by antitrust regulators, now must pick up the pieces and shore up their companies during a severe slump in oil and gas drilling....

Survey: China manufacturing slowed in April
BEIJING (AP) -- Chinese manufacturing activity weakened further in April despite government stimulus, a survey showed Tuesday, indicating the economy has yet to rebound from a downturn....

Uber, China's Alipay expand cooperation to foreign markets
BEIJING (AP) -- Ride-hailing service Uber and the online payments unit of e-commerce giant Alibaba Group are expanding a partnership to allow Chinese travelers to summon and pay for a car anywhere Uber operates....

Business Video
Multimedia
Captains of industry: Comparing CEO pay and performance
Unemployment by the numbers
Up to the Minute
Survey: Upcoming election makes small business owners wary

Rates drop at weekly US Treasury bill auction

US stocks rise as some tech companies recover

Business Highlights

Sports Authority plans to sell assets

Q&A: Puerto Rico's debt crisis, what it means for muni bonds

Halliburton and Apollo Education trade higher, Baidu skids

Halliburton, Baker Hughes eye future after merger scuttled

Markets Right Now: U.S. stock indexes post solid gains

Buffett praises Fed but warns of unintended consequences