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AP Top Business News At 1:42 a.m. EST

AP Top Business News At 1:42 a.m. EST

Toyota raises profit forecast on disaster recovery TOKYO (AP) -- Toyota is reporting that quarterly profit slid 13.5 percent but is confident enough in a recovery to raise its forecast for annual profit.... Congress OKs bill to prod US aviation into new era WASHINGTON (AP) -- After five years of legislative struggling, 23 stopgap measures and a two-week shutdown of the Federal Aviation Administration, Congress finally has passed a bill aimed at prodding the nation's aviation system into a new high-tech era in which satellites are central to air traffic control and piloted planes share the skies with unmanned drones.... Canada's Harper in China visit focused on energy BEIJING (AP) -- Canadian Prime Minister Stephen Harper is visiting China to discuss oil sales and other economic ties following U.S. President Barack Obama's rejection of a pipeline carrying Canadian oil across the continental United States.... Corporate profits aren't what they seem NEW YORK (AP) -- Is the great profit engine of corporate America running out of steam?... Key states move closer to foreclosure-abuse deal WASHINGTON (AP) -- California and New York, the key holdouts in a long-awaited settlement over foreclosure abuses, moved closer Monday to backing a deal that would force the five largest mortgage lenders to reduce loans for about 1 million households. More than 40 U.S. states have agreed to a nationwide settlement.... Looking for work? There may be an app for that SAN FRANCISCO (AP) -- Looking for a promising career in a lousy economy? A new study suggests you're apt to find it in apps - the services and tools built to run on smartphones, computer tablets and Facebook's online social network.... Asia stocks fall as Greek debt talks drag on BANGKOK (AP) -- Asian stock markets fell Tuesday as talks dragged on to resolve a massive debt mess in Greece before it explodes into a wider financial crisis.... Stocks slip on Wall Street as Greek talks drag on NEW YORK (AP) -- Stock indexes closed slightly lower Monday as talks dragged on between Greek political leaders over a fresh cost-cutting package required for the country to get more bailout loans.... Oil hovers below $97 as traders eye US supplies SINGAPORE (AP) -- Oil prices hovered below $97 a barrel Tuesday in Asia amid trader concern U.S. crude supplies will continue to rise because of weak demand.... Verizon to set up streaming service with Redbox NEW YORK (AP) -- Phone company Verizon Communications Inc. will challenge Netflix and start a video streaming service this year with Redbox and its DVD rental kiosks....