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Preview: AP Top Business News At 8:50 p.m.

AP Top Business News at 5:39 a.m. EST

AP Top Business News at 5:39 a.m. EST

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Swiss firm finds $100M 'criminal scheme' at South Korea unit
GENEVA (AP) -- Swiss robotics and engineering company ABB says it has unearthed a "sophisticated criminal scheme" involving alleged embezzlement and misappropriation of funds at its South Korean unit, saying the impact could total $100 million....

Wal-Mart keeps working to make inroads against Amazon
NEW YORK (AP) -- The nation's largest retailer keeps working to make headway against the largest online seller....

German optimism up in positive sign for Europe's economy
FRANKFURT, Germany (AP) -- German business optimism rose unexpectedly in February as executives appeared to shrug off initial worries about U.S. President Donald Trump's policies, providing another sign that Europe's economy is gaining pace....

China's thriving SUV-only automaker looks to global growth
BAODING, China (AP) -- Wei Jianjun is the chief matchmaker in China's love affair with the SUV....

Sticker shock for olive oil buyers after bad Italian harvest
ROME (AP) -- From specialty shops in Rome to supermarkets around the world, lovers of Italian olive oil are in for some sticker shock this year, with prices due to jump by as much as 20 percent....

Global markets mostly higher as investors await Fed minutes
SEOUL, South Korea (AP) -- Global stock markets were mostly higher in subdued trading on Wednesday as investors awaited the Fed's latest meeting minutes, hoping for clues to the U.S. central bank's views on interest rates....

Yahoo salvages Verizon deal with $350 million discount
SAN FRANCISCO (AP) -- Yahoo is taking a $350 million hit on its previously announced $4.8 billion sale to Verizon in a concession for security lapses that exposed personal information stored in more than 1 billion Yahoo user accounts....

Milo Yiannopoulos apologizes for remarks, quits Breitbart
NEW YORK (AP) -- Polarizing right-wing writer Milo Yiannopoulos was by turns apologetic for comments he made about sexual relationships between boys and men and adamant he had been the subject of "a cynical media witch hunt" on Tuesday as he spoke after resigning as an editor at Breitbart News....

Airbus profit dives on problems with A400M military jet
PARIS (AP) -- Surprise new costs for the long-troubled Airbus A400M military jet sent the European planemaker's profits plunging last year despite a rise in commercial aircraft deliveries....

Macy's profit falls nearly 13 percent as sales drop
NEW YORK (AP) -- Macy's, the nation's largest department store chain, says its earnings for the quarter that includes the holiday period dropped nearly 13 percent as results were dragged down by lower sales, store closures and other costs....