Airbus sees more jet orders held up in emissions row with China.

American Airlines races against clock in bankruptcy court.

Apple faces pressure over app store fraud as fans line up around the world for new iPad.

BCE buys Astral Media for $3 billion, shakes up Canadian media landscape.

Centers for Disease Control launches grisly new anti-smoking ad campaign.

China corporate espionage makes cover of Bloomberg Businessweek.

Cisco increases focus on video delivery with purchase of NDS.

Derek Lam resigns as creative director of Tod's.

Disney pulls in movie production reins after John Carter flops.Continue reading...

In today's just-wrapped press conference, US President Obama said he holds BP responsible, with the federal government, for stopping the spill: "Make no mistake. BP is operating at our direction." He also vowed to tighten regulation on offshore drilling, and closed by saying the spill is all he thinks about. "This has concrete implications not just for this generation, but future generations." To watch the video and read a transcript of his remarks and Q&A, click here. In other news:

Microsoft's unseating by Apple was downplayed by CEO Steve Ballmer.

News Corp. may shed digital properties including Beliefnet and Jamba/Jamster mobile arm.

Target ad resonated more than Home Depot, AmEx and Macy ads during Lost finale.

US TV upfront ad marketplace is heating up and could wrap up shortly.Continue reading...