Energy in America

Oil rises further on Mideast tensions, stock markets steady

Asian markets were higher Thursday, tracking solid overnight gains on Wall Street despite lingering concerns about the U.S. withdrawal from the Iran nuclear deal and trade tensions between Asia and the U.S. KEEPING SCORE: Japan's benchmark Nikkei 225 rose 0.4 percent to close at 22,497.18.

South Carolina's state utility paid bonuses to private execs

South Carolina's state owned utility paid $9 million in performance bonuses to executives of a private utility for two nuclear reactors that were never finished, according to the public utility and emails turned over to state and federal investigators.

The Latest: SC Senate votes to repeal nuclear plant law

The Latest on two nuclear reactors abandoned during construction in South Carolina (all times local): 6 p.m. South Carolina's state owned utility paid $5 million in performance bonuses to executives of a private utility for two nuclear reactors that were never finished.

Business Highlights

___ Walmart makes a $16 billion bet on India's booming economy NEW YORK (AP) — Walmart is making a $16 billion bet on India's booming economy.

Sanctions on Iran could cost US, European companies billions

Major companies, particularly in Europe, could see billions of dollars in commercial deals canceled because of the U.S. decision to reinstall sanctions on Iran, though the ultimate impact remains unclear due to the possibility of renegotiations and exemptions, experts say.

Clarification: Los Alamos-Plutonium Future story

The federal agency that oversees the nation's nuclear weapons stockpile is expected this week to release a report on the best site option for the United States as it looks to ramp up production of the plutonium cores that trigger nuclear warheads.

Response wraps up after Great Lakes electric cables severed

Officials say a multi-agency effort to mitigate potential pollution after a suspected boat anchor strike damaged underwater electric cables and oil pipelines in the waterway that connects Lake Huron and Lake Michigan has wrapped up.

Siemens sees slump in fossil-fuel power generation

Industrial equipment maker Siemens saw profit rise in the first three months of the year as the company booked a one-time gain related to pensions while profits from its factory digitalization business helped offset sagging results from fossil fuel power generation.

Trump to allow year-round sales of high-ethanol gas

Republican senators say President Donald Trump will allow year-round sales of renewable fuel with blends of 15 percent ethanol as part of an emerging deal to make changes to the federal ethanol mandate.

Business Highlights

___ Google showcases AI advances at its big conference MOUNTAIN VIEW, Calif.