U.S. Markets closed

Apple exec testifies at NY e-books trial

NEW YORK (AP) -- A confidant of Steve Jobs denies Apple Inc. colluded with book publishers to drive up the price of electronic books.

Eddy Cue testified Thursday at a price-fixing trial in federal court in Manhattan.

The government sued Apple and five major book publishers last year. It claims they harmed consumers by striking a deal intended to force Amazon to raise its $9.99 price for e-books.

Cue negotiated deals with five major publishers that allowed them to sell e-books for up to $14.99 in Apple's bookstore. But the senior vice president at Apple denies the deals were calculated to force Amazon to make similar agreements.