Business Highlights

BEIJING (AP) ⿿ A Chinese court has ordered Apple Inc. to pay 1.03 million yuan ($165,000) to eight Chinese writers and two companies who say unlicensed copies of their work were distributed through Apple's online store.

The Beijing No. 2 Intermediate People's Court ruled Thursday that Apple violated the writers' copyrights by allowing applications containing their work to be distributed through its App Store, according to an official who answered the phone at the court and said he was the judge in the case. He refused to give his name, as is common among Chinese officials.

The award was less than the 12 million yuan ($1.9 million) sought by the authors. The case grouped together eight lawsuits filed by them and their publishers.

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FDA clears anticlotting drug Eliquis

WASHINGTON (AP) ⿿ The Food and Drug Administration says it has approved the anticlotting drug Eliquis, developed by Bristol-Myers Squibb Co. and Pfizer Inc. It's a potential blockbuster drug in a new category of medicines to prevent strokes.

The agency previously rejected the drug twice, most recently in June, awaiting additional data from company trials.

The FDA cleared the pill for treating the most common type of irregular heartbeat ⿿ atrial fibrillation ⿿ in patients at risk for strokes or dangerous clots.

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By The Associated Press(equals)

The Dow Jones industrial average dropped 158.20 points to 12,938.11 points. The Standard & Poor 500 index fell 15.67 points to 1,402.43 and the Nasdaq dropped 25.59 points to 2,960.31.

U.S. benchmark crude fell 7 cents to finish at $90.80 a barrel. In London, Brent crude, used to price various kinds of foreign oil, fell 18 cents to finish at $110.62 a barrel on the ICE Futures exchange.

Wholesale gasoline fell 2 cents to end at $2.80 a gallon. Heating oil fell 3 cents to finish at $3.04 a gallon. Natural gas rose 6 cents to end at $3.47 per 1,000 cubic feet.

Copyright 2011 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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