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

Head of failed Japan-based bitcoin exchange Mt. Gox arrested
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 shows 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....

Extended slump in oil taking toll on industry, economy
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 company gave $1 million to pro-Bush super PAC
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 energy stocks slump on earnings
NEW YORK (AP) -- Stocks closed modestly lower Friday as oil titans Exxon Mobil and Chevron led a slump in energy stocks....

Some Midwest farmers' crops falter in record rains
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....

Owners turning to auctions to sell their high-end properties
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....

Higher wages a surprising success for Seattle restaurant
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 trade ministers fail to reach deal in Hawaii talks
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....

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How the Dow Jones industrial average fared on Friday

US stocks end lower as energy stocks slump on earnings

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