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AP Top Business News at 10:51 a.m. EDT

AP Exclusive: CEOs got biggest raise since 2013
NEW YORK (AP) -- The typical CEO at the biggest U.S. companies got an 8.5 percent raise last year, raking in $11.5 million in salary, stock and other compensation last year, according to a study by executive data firm Equilar for The Associated Press. That's the biggest raise in three years....

Trump administration sending Congress $4.1 trillion budget
WASHINGTON (AP) -- President Donald Trump Tuesday is unveiling a $4.1 trillion spending plan that relies on faster economic growth and steep cuts to programs for the poor in a bid to balance the government's books over the next decade....

US new-home sales drop 11.4% in April, most in 2 years
WASHINGTON (AP) -- U.S. sales of new homes last month registered the biggest drop in more than two years....

German business confidence hits 26-year high in May
BERLIN (AP) -- A survey shows that business confidence in Germany has risen to its highest level in 26 years. The strong showing was slightly above economists' expectations....

US stocks inch higher as health care companies gain ground
NEW YORK (AP) -- U.S. stocks are slightly higher Tuesday morning as health care companies including makers of scientific instruments and drugs rise. Beverage makers are also gaining, leading household products makers upward. Stocks rose for the past three trading days following a steep loss last Wednesday....

Nokia and Apple settle long-running legal disputes
HELSINKI (AP) -- Nokia and Apple have settled their numerous legal disputes after signing an agreement to work together....

The Latest: GOP pleased over Trump budget blueprint
WASHINGTON (AP) -- The Latest on President Donald Trump's budget for the fiscal year beginning Oct. 1 (all times local):...

Microsoft Surface gets battery boost, better viewing angles
NEW YORK (AP) -- Microsoft is refreshing its Surface Pro tablet with longer battery life and faster processors....

Hong Kong police arrest 21 Uber drivers in latest crackdown
HONG KONG (AP) -- Hong Kong police launched a fresh crackdown Tuesday on Uber, arresting 21 drivers suspected of working for the ride-hailing giant in the Asian financial center....

German prosecutors to search Daimler offices in diesel probe
FRANKFURT, Germany (AP) -- German automaker Daimler AG says prosecutors will search several of its offices in Germany as part of a preliminary investigation into suspected manipulation of diesel emission controls....

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