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OPEC agrees to pump more oil but crude prices jump anyway

OPEC Meeting

VIENNA (AP) — The countries of the OPEC cartel agreed on Friday to pump 1 million barrels more crude oil per day, a move that should help contain the recent rise in global energy prices. Questions remain, however, over the ability of some OPEC nations — Iran and Venezuela in particular — to...


Business

Car dealers gear up for Saudi women to hit the roads

Saudi Arabia

RIYADH, Saudi Arabia (AP) — Cradling her four-month-old daughter, Nour Obeid scans the car showroom and heads to the mid-sized SUVs. In the past, a woman looking to buy a car in Saudi Arabia would focus on the features in the back, but Obeid is checking out the driver’s seat, picturing herself...


Business

Airbus threatens to leave Britain in case of no-deal Brexit

Britain Airbus

LONDON (AP) — Aviation giant Airbus is threatening to leave Britain if the country exits the European Union without an agreement on trade relations, underscoring the concerns of business leaders who say the government is moving too slowly. Airbus, which employs about 14,000 people at 25 sites in...


Business

Police: Backup driver in fatal Uber crash was distracted

Uber Autonomous Vehicle

PHOENIX (AP) — The human backup driver in an autonomous Uber SUV was streaming the television show “The Voice” on her phone and looking downward just before fatally striking a pedestrian in suburban Phoenix, according to a police report. The 300-page report released Thursday night by police in...


Business

Honduran girl in symbolic photo not separated from mother

NEW YORK (AP) — A crying Honduran girl depicted in a widely-seen photograph that became a symbol for many of President Donald Trump’s immigration policies was not actually separated from her mother, U.S. government officials said on Friday. Time magazine used an image of the girl, by Getty Images...


Business

AP Top Business News at 11:53 p.m. EDT

Xiaomi seeks to raise up to $6.1 billion in Hong Kong IPO OPEC agrees to pump more oil but crude prices jump anyway Police: Backup driver in fatal Uber crash was distracted Car dealers gear up for Saudi women to hit the roads The Latest: Auto trade group decries Trump’s tariff threat Airbus...


Business

US stocks finish mostly higher as energy companies climb

Financial Markets Wall Street

NEW YORK (AP) — Oil prices and energy companies rallied Friday after OPEC said it will produce more oil, but not as much as investors feared. While trade tensions remained in the headlines, U.S. stocks finished slightly higher at the end of a bumpy week. U.S. crude futures jumped 4.6 percent after...


Business

EU imposes tariffs on US peanuts, motorcycles and whiskey

Tariffs Whiskey

BRUSSELS (AP) — The European Union started enforcing tariffs Friday on American imports like bourbon, peanut butter and orange juice, part of a growing global trade rift that’s likely to intensify over the next few weeks. The EU tariffs on $3.4 billion worth of U.S. products are in retaliation for...


Business

Justices adopt digital-age privacy rules to track cellphones

Supreme Court Cellphone Tracking

WASHINGTON (AP) — Police generally need a warrant to look at records that reveal where cellphone users have been, the Supreme Court ruled Friday in a big victory for privacy interests in the digital age. The justices’ 5-4 decision marks a big change in how police may obtain information that phone...


Business

California lawmaker attacked over net neutrality decision

Net Neutrality California

SACRAMENTO, Calif. (AP) — A California lawmaker’s decision to alter a net neutrality bill considered one of the nation’s most aggressive efforts to require an equal playing field on the internet has generated intensely personal online attacks aimed at his family as well as criticism from fellow...


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