NEW YORK (AP) -- Wall Street was buoyed today by news of a decision by Syria to give up its chemical weapons. This sent the market higher and the price of crude oil lower -- even though there is no commitment of final agreement with respect to Syria. The Dow Jones industrial average rose 127 points, or 0.9 percent, to close at 15,191.
CUPERTINO, Calif. (AP) -- Apple's latest iPhones will come in a bevy of colors and two distinct designs, a cheaper one made of plastic and another that aims to be "the gold standard of smartphones" and reads your fingerprint. Apple unveiled the latest iPhone models, available on Sept. 20, during an event at its Cupertino, Calif., headquarters. The new iPhones arrive at a time when rival phones from Samsung and other manufacturers are challenging Apple in the competitive smartphone market.
NEW ORLEANS (AP) -- The Japanese company that produced the classic series of "Godzilla" movies has sued a New Orleans brewery, claiming the MechaHopzilla beer brand infringes on its copyrights and trademarks. The lawsuit was filed Friday in U.S. District Court in New Orleans by Toho Co. Ltd. It includes photographs of the Mechagodzilla character Toho introduced in 1974 and a beer can produced by New Orleans Lager & Ale Brewing Co. LLC, known as NOLA Brewing.
DETROIT (AP) -- Attorneys for the state of Michigan say Gov. Rick Snyder has agreed to be questioned by union lawyers about his decision to let Detroit file for bankruptcy protection. Attorneys for Snyder and other state officials had been resisting a deposition, based on executive privilege. But they have now told U.S. Bankruptcy Judge Steven Rhodes during a court hearing that they have changed course. Unions opposed to the bankruptcy said Snyder's sworn testimony is important as they argue that Detroit isn't eligible for Chapter 9, a bankruptcy process that could let the city shed billions in long-term debt.
DOVER, Del. (AP) -- The Delaware Supreme Court says former Countrywide shareholders can't pursue a federal lawsuit filed against leaders of the mortgage lender before its 2008 acquisition by Bank of America Corp. Acting on a request by a California federal appeals court, the justices confirmed today that a so-called "fraud exception" in Delaware law doesn't allow for the revival of a 2007 federal lawsuit. This exception to the Delaware law has never been applied.
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