Energy in America

___ Wells Fargo fined $1B for mortgage, auto lending abuses NEW YORK (AP) — Wells Fargo will pay $1 billion to federal regulators to settle charges tied to misconduct at its mortgage and auto lending business, the latest punishment levied against the banking giant for widespread customer abuses.

The major U.S. stock indexes fell in early trading Friday, adding to the market's modest losses a day earlier.

More than 1 million electrical safety switches are being recalled because of a faulty switch.

New Jersey Gov. Phil Murphy has signed a bill prohibiting oil and natural gas drilling in state waters, as well as preventing infrastructure like pipelines that could support drilling in more distant federal waters.

The latest on developments in financial markets (all times local): 9:35 a.m.

The glut of oil has essentially disappeared.

President Donald Trump says oil-producing cartel OPEC "is at it again," and that efforts to maintain high prices "will not be accepted!"

Asian shares fell back Friday after a major supplier to Apple forecast continued weak demand for mobile devices.

A Texas company that owns an oil pipeline that spilled 140,000 gallons of crude along the California coast faces a criminal trial three years after the disaster.

Michigan Attorney General Bill Schuette has sued the company he says damaged electric cables and oil pipelines in a Great Lakes channel by dragging a tugboat anchor across them.

___ 2 black men arrested at Starbucks get an apology from police PHILADELPHIA (AP) — Two black men whose arrest at a Starbucks in Philadelphia has triggered a furor over racial profiling say they are pushing for changes to make sure that what they went through doesn't happen to anyone else.

U.S. stocks were broadly lower in early trading Thursday, weighed down by losses in technology companies and makers of consumer products.

Two senior U.S. Treasury officials say finance ministers from several Latin American nations as well as the U.S. and Europe have agreed to work jointly to locate and seize assets arising from corruption by Venezuelan government insiders.

Puerto Rico's power company says it has restored electricity to more than 80 percent of customers affected by an island-wide blackout that was caused by an excavator hitting a transmission line.

The latest on developments in financial markets (all times local): 9:35 a.m.

An underfunded, aging power system and municipal bond defaults are troubling the island, according to Harry Dent.

The Trump administration is moving toward oil and gas drilling in Alaska's Arctic National Wildlife Refuge, fulfilling a longtime Republican priority that most Democrats fiercely oppose.

A panel of government health advisers is recommending approval of a medicine made from the marijuana plant to treat childhood epilepsy, moving the medication closer to the U.S. market.

Asian shares rose and oil prices touched fresh multi-year highs on Thursday as improving optimism about the global economy helped investors shake off worries about geopolitical risks for the moment.