AP COVERAGE

AP Top Business News At 5:05 a.m. EDT

China meat scandal hits Starbucks, Burger King
BEIJING (AP) -- A suspect meat scandal in China engulfed Starbucks and Burger King on Tuesday and spread to Japan where McDonald's said the Chinese supplier accused of selling expired beef and chicken had provided 20 percent of the meat for its chicken nuggets....

Detroit retirees back pension cuts by a landslide
DETROIT (AP) -- A year after filing for bankruptcy, Detroit is building momentum to get out, especially after workers and retirees voted in favor of major pension changes just a few weeks before a judge holds a crucial trial that could end the largest public filing in U.S. history....

Microsoft makes design central to its future
REDMOND, Wash. (AP) -- Before Ralf Groene helped devise the look and feel of Microsoft's Surface tablet, he designed food - or "food concepts," he says, for people on the go. Among them: dried noodles that come wrapped around a pair of chopsticks; a tubular meal that can be pulled with two fingers from a car cup holder base; and a fork that squeezes out sauce....

World stocks rise as Ukraine plane tensions ease
TOKYO (AP) -- World stock markets rose Tuesday as tensions over the downing of a passenger jet in Ukraine eased after pro-Moscow separatists released a train packed with bodies and handed over the aircraft's black boxes....

Credit Suisse has $779M loss in 2Q due US tax case
GENEVA (AP) -- Credit Suisse AG has posted a second-quarter net loss of 700 million Swiss francs ($779 million) after paying the largest penalty ever imposed in a U.S. criminal tax case....

Allergan to cut 1,500 employees in restructuring
Botox maker Allergan will cut about 13 percent of its workforce as part of a push to become more efficient while it fights a hostile takeover bid from Valeant Pharmaceuticals....

Star Wars Car, a Doomsday doll: Toys of Comic-Con
LOS ANGELES (AP) -- When it comes to designing coveted collectible toys for sale at Comic-Con, the annual celebration of pop culture lifting off Thursday in San Diego, the sky's the limit for the designers at Mattel. Fittingly, the building where Mattel's dreamers conceive of their limited-edition playthings is just down the street from the Los Angeles International Airport....

Netflix tops 50M subscribers as 2Q earnings soar
SAN FRANCISCO (AP) -- Netflix's second-quarter earnings more than doubled as new episodes from a hit series helped the Internet video service surpass 50 million worldwide subscribers for the first time....

Train goes to Kharkiv with crash victims remains
KHARKIV, Ukraine (AP) -- A train bearing the remains of people who died in the Malaysia Airlines crash arrived in the eastern Ukrainian city of Kharkiv on Wednesday on their way to the Netherlands....

Shark sightings off Cape Cod a boon for tourism
CHATHAM, Mass. (AP) -- Great white sharks are having an unusual effect on Cape Cod this summer, and many a merchant is going to need a bigger wallet....

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Up to the Minute
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Natural gas falls to an 8-month low

How the Dow Jones industrial average fared Monday

Figures on government spending and debt

Oil prices rise above $104; natural gas sinks

US Treasury bill rates mixed at weekly auction

Allergan to cut 1,500 employees in restructuring

US says airlines add jobs for 6th straight month

US companies report rising sales, employment in 2Q

Mattel ramps up Thomas & Friends efforts