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Preview: AP Top Business News At 3:39 p.m. EST

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AP Top Business News at 12:43 p.m. EDT



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US consumer confidence rebounds
WASHINGTON (AP) -- U.S. consumers gained confidence this month, with more Americans pleased by current conditions and more hopeful about the future....



McCain's return sets stage for big Senate health bill vote
WASHINGTON (AP) -- President Donald Trump urged Republicans to "step up to the plate" for Tuesday's crucial Senate vote on their bill eviscerating much of the Obama health care law. A cliff-hanger roll call was likely, with added drama from Sen. John McCain's return to the Capitol for his first vote since being diagnosed with brain cancer....



US home prices reach record high for 6th straight month
WASHINGTON (AP) -- U.S. home prices reached a new high in May for the sixth straight month, which may raise fears of another housing bubble roughly a decade after a previous one burst....



$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....



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 carmaker lost money on the sale of its European unit and took charges for restructuring in India and selling its business in South Africa....



With Jimmy Choo, Michael Kors finds shoes to match its bags
LONDON (AP) -- In a bid to burnish its brand image, American bag and accessories maker Michael Kors is buying luxury shoemaker Jimmy Choo in a deal worth $1.35 billion (896 million pounds)....



US stocks back to records as corporate profits keep rising
NEW YORK (AP) -- U.S. stock indexes returned to their winning ways Tuesday, and the Standard & Poor's 500 index headed for a record after corporate profits continued to come in better than analysts expected. McDonald's and Caterpillar were among the big companies reporting healthier-than-forecast earnings....



California governor to extend climate change bill 10 years
SAN FRANCISCO (AP) -- Gov. Jerry Brown is set to sign legislation Tuesday keeping alive California's signature initiative to fight global warming, which puts a cap and a price on climate-changing emissions....



Greek bond issue marks milestone in recovery from bailout
ATHENS, Greece (AP) -- Greece's first attempt to finance itself on bond markets since 2014 raised 3 billion euros ($3.5 billion) Tuesday from investors attracted by a high rate of return, in an encouraging sign that the country will be able to smoothly exit its bailout era next year....



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....