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Preview: AP Top Business News At 5:15 p.m. EST

AP Top Business News at 4:46 p.m. EDT

AP Top Business News at 4:46 p.m. EDT

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Only on AP: CEO pay climbed faster last year, up 8.5 percent

Tue, 23 May 2017 18:34:13 GMT2017-05-23T18:34:13Z

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....

The biggest CEO pay raises and pay cuts of 2016

Tue, 23 May 2017 18:33:20 GMT2017-05-23T18:33:20Z

Here are the three CEOs who got the biggest pay raises last year, and the deepest pay cuts, as calculated by The Associated Press and Equilar, an executive data firm....

Trump budget: More for the military, less for the poor

Tue, 23 May 2017 16:56:38 GMT2017-05-23T16:56:38Z

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

Why Trump's budget plan wouldn't likely accelerate growth

Tue, 23 May 2017 18:37:43 GMT2017-05-23T18:37:43Z

WASHINGTON (AP) -- The Trump administration's budget plan for 2018 assumes that a mix of sharp spending and tax cuts can both shrink the deficit and fuel economic growth of 3 percent a year - a level it hasn't achieved in more than a dozen years....

US says Fiat Chrysler used software to beat emissions tests

Tue, 23 May 2017 19:21:12 GMT2017-05-23T19:21:12Z

DETROIT (AP) -- The U.S. government is suing Fiat Chrysler, alleging that some of its diesel pickup trucks and Jeep SUVs cheat on emissions tests....

Ford's new CEO promises a fit _ but fun _ company

Tue, 23 May 2017 20:29:53 GMT2017-05-23T20:29:53Z

DEARBORN, Michigan (AP) -- Ford's new CEO, Jim Hackett, revealed a little about his plans - and a lot about himself - when he talked to media after his appointment....

Google aims to connect online ads to physical stores

Tue, 23 May 2017 16:41:27 GMT2017-05-23T16:41:27Z

SAN FRANCISCO (AP) -- Google already monitors your online shopping - but now it's also keeping an eye on what you're buying in physical stores to try to sell more digital advertising....

US new-home sales drop 11.4% in April, most in 2 years

Tue, 23 May 2017 14:30:16 GMT2017-05-23T14:30:16Z

WASHINGTON (AP) -- U.S. sales of new homes last month registered the biggest drop in more than two years....

Stocks claw back more lost ground with 4th straight gain

Tue, 23 May 2017 20:36:46 GMT2017-05-23T20:36:46Z

NEW YORK (AP) -- U.S. stocks rose for the fourth day in a row Tuesday as they continued to recover the ground they lost last week. Major indexes approached record highs again....

Target, states reach $18.5 million settlement on data breach

Tue, 23 May 2017 17:32:56 GMT2017-05-23T17:32:56Z

NEW YORK (AP) -- Target Corp. has reached an $18.5 million settlement over a massive data breach that occurred before Christmas in 2013, New York's attorney general announced Tuesday....