AP Top Business News At 2:04 p.m. EDT

Top beer makers to join forces to face industry challenges
BRUSSELS (AP) -- The world's biggest beer maker has clinched a deal to take over its nearest rival to stave off two key threats facing big name brands: the surge in popularity of craft brews and weakening sales in the rich markets of the U.S. and Europe....

Who makes this beer? Brands owned by big brewers
The King of Beers is expanding its kingdom: Anheuser Busch InBev, the company behind Budweiser, said Tuesday that it plans to buy rival SABMiller for $106 billion, bringing together the world's two largest beer makers. Combining the two will shake up the global beer market, giving the company control of a third of the market....

Twitter purging up to 336 workers as new CEO slashes costs
SAN FRANCISCO (AP) -- Twitter is laying off up to 336 employees, signaling CEO Jack Dorsey's resolve to slash costs while the company struggles to make money....

Court reinstates lawsuit over NYPD surveillance of Muslims
PHILADELPHIA (AP) -- A federal appeals court on Tuesday reinstated a lawsuit challenging the New York Police Department's surveillance of Muslim groups in New Jersey after the Sept. 11 terrorist attacks, saying any resulting harm came from the city's tactics, not the media's reporting of them....

Playboy to stop running pictures of completely naked women
LOS ANGELES (AP) -- Playboy is about to find out how many people really do read it for the articles....

China September imports plunge in new sign of weakness
BEIJING (AP) -- China's imports fell by an unexpectedly wide margin in September in a new sign of weakness in the world's second-largest economy....

Johnson & Johnson posts mixed 3Q results, authorizes buyback
Johnson & Johnson, continuing a tough year of declining revenue, posted a 29 percent drop in third-quarter earnings as it was hammered by plunging sales of its hepatitis C medicine and unfavorable currency exchange rates....

French president is looking to sell new ships to Russia
SAINT-NAZAIRE (AP) -- France is looking to sell new ships to Russia in the future despite the cancellation of a controversial deal for two Mistral-class warships this year, French President Francois Hollande said Tuesday....

Apple adds Retina displays to its iMacs
NEW YORK (AP) -- Apple is adding Retina displays to its iMacs, which will enhance the text and the image quality of photos and videos....

Union: Chronic shortage of air traffic controllers a crisis
WASHINGTON (AP) -- A chronic shortage of controllers has reached a crisis that will lead to widespread flight delays if left unchecked, officials for the union that represents air traffic controllers said Tuesday....

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