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AP Top Business News At 12:17 p.m. EDT

Growth in US services firms picked up speed last month
WASHINGTON (AP) -- U.S. service firms' growth accelerated in April, fueled by more orders, rising sales and an uptick in hiring. The figures provide solid evidence that the economy is recovering from its first-quarter stumble....

High-tech sensors help kids keep eye on aging parents
SAN FRANCISCO (AP) -- Each time 81-year-old Bill Dworsky or his 80-year-old wife Dorothy opens the refrigerator, closes the bathroom door or lifts the lid on a pill container, tiny sensors in their San Francisco home make notes on a digital logbook....

'Avengers' + 'Star Wars' big year for Disney
LOS ANGELES (AP) -- The pump is primed at Disney to reap the benefits of a big year at the movies....

US stocks drift lower after 2-day run; oil price jumps
NEW YORK (AP) -- The U.S. stock market sank Tuesday, taking a break after a two-day run. Chevron and other oil giants rose as crude oil climbed above $60 a barrel for the first time this year....

US trade deficit jumps to 6-year high of $51.4 billion
WASHINGTON (AP) -- The U.S. trade deficit in March swelled to the highest level in more than six years, propelled by a flood of imports that may have sapped the U.S. economy of any growth in the first quarter....

Macy's to open first 4 off-price stores in NYC area
NEW YORK (AP) -- The outlet wars are heating up....

Van Gogh work could bring over $40M at NYC auction
NEW YORK (AP) -- A painting Vincent van Gogh created while briefly working side-by-side with his friend Paul Gauguin in the south of France could sell for more than $40 million at auction Tuesday evening....

EU competition watchdog eyes McDonald's over taxes
BRUSSELS (AP) -- The European Union's competition watchdog has U.S. fast-food giant McDonald's in its sights....

Report: IRS issues $5.6 billion in bogus education credits
WASHINGTON (AP) -- A government watchdog says the IRS issued $5.6 billion in potentially bogus education tax credits in a single year....

Greece lobbies creditors for loan payout, cites progress
BRUSSELS (AP) -- With Greek ministers dispatched across Europe on a whirlwind goodwill tour on Tuesday, top officials said they were making progress on finding a way to keep the country afloat and in the 19-nation eurozone....

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Up to the Minute
HSBC first quarter pretax profits up 4 percent

US stocks drift lower after 2-day run; oil price jumps

US stocks drift lower in midday trading; oil price jumps

New CEO takes over at drugmaker Bristol-Myers Squibb

Growth in US services firms picked up speed last month

Macy's to open first 4 off-price stores in NYC area

US trade deficit jumps to 6-year high of $51.4 billion

Panera CEO on push to banish artificial ingredients

Stocks are little changed in early trading; oil price jumps

Freddie Mac posts $524M profit in 1Q; paying $746M dividend