AP Business NewsBrief at 3:14 p.m. EST
(Associated Press Via Acquire Media NewsEdge) Oracle says Java patch fixes security problemREDWOOD SHORES, Calif. (AP) _ Oracle says it has released a fix for the flaw in its Java software that raised an alarm from the U.S. Department of Homeland Security last week. Late Thursday, the federal agency recommended that Internet users disable Java software in Web browsers to avoid potential hacking attacks.
Toyota retakes global auto sales crown from GMDETROIT (AP) _ Toyota has once again dethroned General Motors as the world's top-selling automaker. The Japanese company sold 9.7 million cars and trucks worldwide in 2012, although it's still counting. GM sold 9.29 million.
Chrysler CEO: Sales of new Dart fall shortDETROIT (AP) _ Chrysler made the new Dodge Dart a little too European for American tastes. And the company's CEO says that fact is holding back sales of Chrysler's first innovative small car in years.
Toyota hints at racier new Corolla designDETROIT (AP) _ The Toyota Corolla is getting a facelift. But the jury is still out on how extreme its makeover should be. Toyota is hinting at a more daring style for the 2014 Corolla with the Furia, a concept car unveiled Monday at the Detroit auto show. The concept allows the cautious company to see how people react to its styling changes before it releases the final version of the Corolla, which is expected to go on sale sometime this year.
Stocks mixed on Wall Street; Apple slidesNEW YORK (AP) _ Stocks were mixed on Wall Street, with the Standard & Poor's 500 sliding further below a five-year high it reached last week. Apple dropped on concern that demand for the iPhone 5 is waning. The Dow Jones industrial average rose seven points to 13,495 as of 1:52 p.m. Monday, having fallen as much as 29 points at the start of the day. The S&P 500 fell three points to 1,469. The Nasdaq composite index fell 15 points to 3,110.
Coca-Cola to address obesity for first time in adsNEW YORK (AP) _ Coca-Cola became one of the world's most powerful brands by equating its soft drinks with happiness. Now it's taking to the airwaves for the first time to address a growing cloud over the industry: obesity. The Atlanta-based company on Monday will begin airing a two-minute spot during the highest-rated shows on CNN, Fox News and MSNBC in hopes of flexing its marketing muscle in the debate over sodas and their impact on public health. The ad lays out Coca-Cola's record of providing drinks with fewer calories over the years and notes that weight gain is the result of consuming too many calories of any kind _ not just soda.
Apple shares fall on report of parts orders cutsNEW YORK (AP) _ Apple shares are down 4 percent in morning trading, putting them below the $500 mark for the first time since February. The drop came after The Wall Street Journal reported that the company has cut its orders for iPhone 5 components due to weaker-than-expected demand.
Obama: Debt ceiling fight threatens SS checksWASHINGTON (AP) _ President Barack Obama is urging Congress to increase the debt ceiling, declaring "we're not a deadbeat nation." He insists he will not negotiate with Republicans over raising the government's borrowing authority and says there are no contingency plans to avoid congressional action. "There are no magic tricks here. There are no loopholes. No easy outs," Obama told a White House news conference on Monday.
UPS abandons $6.9 billion deal for TNT ExpressUPS scrapped plans to grow in Europe through the acquisition of Dutch delivery company TNT Express because European regulators were getting ready to reject the $6.9 billion deal. It would have been the largest acquisition in UPS history.
Chicago-area RTA: United running 'sham' businessCHICAGO (AP) _ A transportation agency on Monday filed a lawsuit alleging that United Airlines is falsely claiming to buy huge amounts of jet fuel out of a small, rural Illinois office that doesn't even have a computer to avoid paying tens of millions of dollars in taxes in Chicago, where the purchases are allegedly being made. The Regional Transportation Authority alleges United Aviation Fuels Corp., a subsidiary of United Airlines, has operated a "sham" office in the DeKalb County community of Sycamore since 2001 after reaching an agreement to pay the town more than $300,000 a year _ a fraction of what it would have owed in sales taxes in Chicago and Cook County.
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