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AP Top Business News at 1:34 p.m. EST

Billionaire heads toward confirmation as Commerce secretary
WASHINGTON (AP) -- Billionaire investor Wilbur Ross is headed toward confirmation as Commerce secretary in President Donald Trump's administration....

Plaintiffs: 5 automakers knew Takata air bags were dangerous
DETROIT (AP) -- Plaintiffs in dozens of lawsuits against air bag maker Takata and five automakers allege the car companies knew that Takata's products were dangerous yet continued to use them for years in order to save money....

Oscars mistake puts consulting firm's reputation in jeopardy
LONDON (AP) -- For 82 years, accounting and consulting firm PwC has enjoyed a reputational boon from handling the balloting process at the Academy Awards....

Trump budget will hike defense spending by $54 billion
WASHINGTON (AP) -- The White House says President Donald Trump's upcoming budget will propose a whopping $54 billion increase in defense spending and impose corresponding cuts to domestic programs and foreign aid. The result is that Trump's initial budget wouldn't dent budget deficits projected to run about $500 billion....

Chatting robots and music: fun gadgets on show in Barcelona
BARCELONA, Spain (AP) -- While smartphones get top billing at the Mobile World Congress in Barcelona, Spain, it's the quirky, under-the-radar products that are getting a lot of the visitors' attention....

Fewer Americans signed contracts to buy homes in January
WASHINGTON (AP) -- Fewer Americans signed contracts to purchase homes last month as rising prices, higher mortgage rates and a dwindling supply of available homes appeared to frustrate many potential buyers, especially in the West....

Trump warns health care system will "implode" unless fixed
WASHINGTON (AP) -- President Donald Trump warned Monday that the nation's health care system was in danger of imploding and said Congress must make fundamental changes to the sweeping health law passed by his predecessor....

AT&T-Time Warner deal may have easier path to approval
NEW YORK (AP) -- AT&T's $85 billion purchase of Time Warner may be getting an easier path to approval after the chief telecommunications regulator says it isn't likely to review the deal....

Doubts over merger of London Stock Exchange, Deutsche Boerse
LONDON (AP) -- The London Stock Exchange's merger with Deutsche Boerse has been thrown into doubt after the LSE decided it couldn't comply with last-minute conditions imposed by European regulators....

Buffett's bite of Apple even bigger than thought
OMAHA, Neb. (AP) -- Billionaire Warren Buffett, famously leery of technology companies, has loaded up on Apple shares after noticing how inseparable iPhone users are from the gadget once they get one in their pocket....

Business Video
Multimedia
Captains of industry: Comparing CEO pay and performance
Unemployment by the numbers
Up to the Minute
Markets Right Now: US indexes waver in midday trading

US durable goods orders jumped 1.8 percent in January

Fewer Americans signed contracts to buy homes in January

Liz Weston: The emergency fund you can eat

United, after years of declining revenue, hits the thrusters

Global markets mixed ahead of Trump speech

China arrests 800 in crackdown on underground banking

Asia economies hold trade pact talks after Trump dumps TPP

Counterfeiters, hackers cost US up to $600 billion a year

LSE says regulators likely to block Deutsche Boerse merger