Business Highlights
___ US-China trade war elevates the risks to the global economy WASHINGTON (AP) — The trade war that has erupted between the U.S. and China carries a major risk of escalation that could weaken investment, depress spending, unsettle financial markets and slow the global economy.
US stocks snap higher despite escalating US-China trade tiff
The major U.S. stock indexes were mostly higher in early trading Friday following a solid jobs report, keeping the market on track for a weekly gain after two weeks of losses.
Shell subsidiary to pay $3.8 million for 2016 Gulf spill
A subsidiary of Royal Dutch Shell has agreed to pay $3.8 million to the U.S. government to settle a lawsuit over a 2016 oil spill in the Gulf of Mexico.
Pruitt leaves his mark on businesses but will it last?
As head of the Environmental Protection Agency, Scott Pruitt tried to roll back rules affecting many industries, but whether he made lasting changes in the government's regulation of business or failed to leave a legacy could be decided in the courts.
North Carolina consumers could see $5B coal-ash cleanup bill
A string of decisions by North Carolina regulators means electricity consumers could be seeing a multibillion-dollar bill to clean up mountains of waste Duke Energy created by spending decades burning coal to produce power.
The Latest: China files another complaint to WTO over US
The Latest on the U.S. increase in tariffs on Chinese imports and Beijing's countermoves in the trade and technology dispute between the world's two biggest economies that President Donald Trump says he is prepared to escalate.
Aramco IPO in doubt?
Outlook for oil prices
World markets subdued as US, China exchange tariff blows
Asian markets erased early losses, bouncing back Friday back as investors responded with calm to increased U.S. tariffs on Chinese imports that took effect midnight Washington time.
Pruitt is out, handing EPA reins to former coal lobbyist
Environmental Protection Agency Administrator Scott Pruitt resigned Thursday amid ethics investigations of outsized security spending, first-class flights and a sweetheart condo lease.
Malaysia's Mahathir to visit China for talks on projects
Prime Minister Mahathir Mohamad says he will visit Beijing next month to renegotiate "unfair" terms for China-backed projects in Malaysia worth more than $22 billion.
6 major wealth funds agree to encourage greener economy
The sovereign wealth funds of several major oil-producing countries have agreed upon a common roadmap to encourage investments toward a greener economy.
EPA rollbacks already touching Americans' lives
Scott Pruitt's rollbacks as head of the Environmental Protection Agency already are being felt by farmworkers and some others across America.
Americans already living EPA rollbacks under Pruitt
For 37 mostly female farm-workers in California's Central Valley, U.S. policy under Environmental Protection Agency chief Scott Pruitt became personal not long after sunup one day in May 2017.
New leader at EPA is former coal lobbyist, Senate staffer
The new leader of the Environmental Protection Agency is a former coal industry lobbyist who helped lead an industry fight against regulations that protect Americans' health and address climate change.
Asian stocks lower on impending trade war
U.S. stocks are up broadly in early trading Thursday, turning major indexes higher for the week as markets reopen following the Independence Day holiday.
Praxair, Intel rise; Embraer, TiVo fall
Stocks that moved substantially or traded heavily Thursday: Embraer S.A., down $2.71 at $23.50 Boeing will own 80 percent of a joint venture with the Brazilian jet maker.
NTSB: Damage during installation led to oil pipeline crack
The National Transportation Safety Board says a fatigue crack caused last year's rupture of the Keystone oil pipeline in South Dakota.
Xcel Energy buys Hale Wind Project in Texas Panhandle
The Texas Panhandle is getting another wind farm to generate electricity for the state and for New Mexico.
Aramco massive IPO now appears highly unlikely: report
The much-touted initial public offering (IPO) of Saudi Arabia's giant state-owned oil company Aramco has stalled and, according to government officials and people familiar with the matter, will probably never take place, The Wall Street Journal said Thursday.
48 Texas gas stations accused of Harvey price gouging settle
Four dozen Texas gasoline stations accused of Hurricane Harvey-related price gouging have agreed to issue refunds to purchasers.













