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AP Top Business News at 8:40 a.m. EDT

US safety board to detail findings of deadly NY train crash
NEW YORK (AP) -- The National Transportation Safety Board is scheduled to meet and detail a probe into a 2015 crash between a commuter train and an SUV that killed six people in the New York suburbs, a day after a U.S. official told The Associated Press that investigators determined the crash was extra deadly because of an unusual rail design....

Smugglers offer crammed big rigs as 'VIP treatment' to US
SAN DIEGO (AP) -- When Thomas Homan, the acting director of U.S. Immigration and Customs Enforcement, was awakened Sunday morning with news that migrants were found dead inside a sweltering tractor-trailer outside a San Antonio Walmart, his mind flashed back to 2003, when he stood at the back of a truck about 120 miles (200 kilometers) southeast of San Antonio that carried 19 dead migrants....

Michael Kors takes over shoemaker Jimmy Choo
LONDON (AP) -- American fashion brand Michael Kors is buying luxury shoemaker Jimmy Choo in a deal worth $1.35 billion (896 million pounds)....

Stronger demand boosts Caterpillar, 2017 outlook raised
PEORIA, Ill. (AP) -- Caterpillar recorded a very strong second quarter with demand beginning to the rise after the company cut costs vigorously....

Global stocks mostly higher amid earnings reports
TOKYO (AP) -- Stock markets turned higher on Tuesday as investors monitored a slew of corporate earnings reports. A meeting of the Federal Reserve and caution over potential twists and turns in U.S. politics kept most indexes trading within a narrow range....

GM 2Q net earnings fall on loss from sale of European unit
DETROIT (AP) -- General Motors' second-quarter net profit fell more than 40 percent as the company posted a loss from the sale of its European unit and charges for restructuring in India and selling its business in South Africa....

$1 sodas help boost McDonald's sales in US
OAK BROOK, Ill. (AP) -- McDonald's says a promotion for $1 sodas and a new line of premium burgers helped boost sales in its flagship U.S. market....

In Google vs. the EU, a $2.7B fine could just be the start
SAN FRANCISCO (AP) -- Google's parent company Alphabet can easily afford the $2.7 billion write-down it's taking to cover a big antitrust fine in Europe. But it might find it harder to shrug off the rest of the European regulatory assault that's headed its way....

Toyota, Honda and Mazda to be sued in Australia over air bag
SYDNEY (AP) -- A Sydney lawyer announced on Tuesday a class action lawsuit against Toyota, Honda and Mazda seeking refunds for cars fitted with faulty air bags from Takata that have been linked to 18 deaths around the world....

Former contract workers key in Mississippi Nissan union vote
CANTON, Miss. (AP) -- A bid by workers at Mississippi's Nissan Motor Co. plant for United Auto Workers representation could turn on a key voting bloc - 1,500 workers who are Nissan employees today, but were initially hired through contract labor agencies....

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Up to the Minute
$1 sodas help boost McDonald's sales in US

GM 2Q net earnings fall on loss from sale of European unit

Toyota, Honda and Mazda to be sued in Australia over air bag

German business confidence reaches new record high

South Korea shifts gears, aims at more labor-friendly growth

Business Highlights

Rates rise on US Treasury bills to highest since late 2008

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How major US stock market indexes fared on Monday

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