Business Highlights

The Associated Press

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Tall, skinny iPhone in US stores Sept. 21

SAN FRANCISCO (AP) â¿¿ For the first time, the iPhone is growing. After sticking for five years to the same screen size, Apple on Wednesday revealed a new phone that's taller, with a bigger screen.

The iPhone 5 will go on sale in the U.S. and eight other countries next Friday, Sept. 21.

Even though it's taller than the iPhone 4S, it's lighter, thanks to a new screen technology that makes the whole phone thinner.

The bigger screen â¿¿ 4 inches measured diagonally â¿¿ creates room for another row of icons on the screen and lets widescreen movies fit better. Previous iPhone models carried 3.5-inch screens.

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AP IMPACT: Aggressive start for consumer bureau

WASHINGTON (AP) â¿¿ The new federal agency charged with enforcing consumer finance laws is emerging as an ambitious sheriff, taking on companies for deceptive fees and marketing and unmoved by protests that its tactics go too far.

In the 14 months it has existed, the Consumer Financial Protection Bureau has launched dozens of enforcement probes and issued more than 100 subpoenas demanding data, testimony and marketing materials â¿¿ sometimes amounting to millions of pages â¿¿ from companies that include credit card lenders, for-profit colleges and mortgage servicers.

More than two dozen interviews with agency officials and industry executives offered sweeping insight into the new agency's behind-the-scenes efforts, which have taken the financial industry off guard and have been far more aggressive than previously known.

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Common type of rail car has dangerous design flaw

CHICAGO (AP) â¿¿ For two decades, one of the most commonly used type of rail tanker has been allowed to haul hazardous liquids from coast to coast even though transportation officials were aware of a dangerous design flaw that almost guarantees the car will tear open in an accident, potentially spilling cargo that could catch fire, explode or contaminate the environment.

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