AP Top Business News At 5:43 p.m. EST

Portugal ex-premier held in prison in fraud case
LISBON, Portugal (AP) -- A judge has ruled that former Portuguese Prime Minister Jose Socrates must be held in prison while the ex-leader fights accusations of corruption, money-laundering and tax fraud....

United Technologies CEO retires, succeeded by CFO
HARTFORD, Conn. (AP) -- Aerospace and building systems giant United Technologies announced Monday the abrupt retirement of CEO Louis Chenevert, and named Chief Financial Officer Greg Hayes to succeed him....

Japan's young fret as unexpected recession hits
TOKYO (AP) -- When Prime Minister Shinzo Abe responded to Japan's surprise recession by delaying a sales-tax increase, it was a cause for worry, not celebration, for many young Japanese. This generation, barely aware of their country's economic heyday, frets that putting off tough decisions now could make the future even worse....

Wish granted: Same day delivery for the holidays
NEW YORK (AP) -- A procrastinator's holiday wish come true: Presents ordered at the last minute can now show up under the Christmas tree that same day....

Honda admits failing to report deaths, injuries
DETROIT (AP) -- Honda is admitting that it failed to report more than 1,700 injury and death claims about its vehicles to U.S. safety regulators, a violation of federal law....

US stocks inch further into record territory
NEW YORK (AP) -- The stock market eked out another record close Monday as investors remained confident that stimulus from central banks would revive global growth. Retail stocks rose ahead of the crucial holiday season....

Do you need to break the bank to get a good phone?
NEW YORK (AP) -- It might seem as though everyone has an iPhone or Galaxy smartphone. But many customers are eschewing the best cameras and screens - and their top-end price tags - and choosing models that can get the job done at less than a third of the cost....

Review: 3 cheap smartphones to consider
NEW YORK (AP) -- The cheapest smartphones don't have all the gizmos of Apple or Samsung models, but I'm impressed by how many features you do get for roughly a third of the price....

FDA strengthens warning on device linked to cancer
TRENTON, N.J. (AP) -- U.S. regulators on Monday strengthened their warning against use of a once-popular device for gynecologic surgery that can spread unsuspected cancer, saying its risk is only justified in a fraction of patients....

Nike extends contract with USOC through 2020
The swoosh and the rings will stick together through at least 2020....

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Wish granted: Same day delivery for the holidays

United Technologies CEO retires, succeeded by CFO