Oil is important to future of the economy, demand continues to grow: Fmr. Shell Oil president
Alaska open for oil drilling
Business Highlights
___ Trump signs, lauds tax overhaul, off to Florida for holidays WASHINGTON (AP) — President Donald Trump has signed into law a $1.5 trillion bill that provides generous tax cuts for corporations and the wealthiest Americans, plus smaller cuts for middle- and low-income families.
Health care and bank stocks pull US indexes slightly lower
U.S. stocks are slightly lower Friday morning as a subdued week of trading comes to a close.
US rig count rises by 1 to 931
The number of rigs exploring for oil and natural gas in the U.S. rose by one this week to 931.
Tech firm: Holiday spending up 9.2 percent so far
A payment technology firm says that holiday spending is surging in the days before Christmas.
Business Highlights
___ Tax pros are suddenly very popular, if a little confused WASHINGTON (AP) — Don't feel bad if you don't understand how the new tax bill will affect you.
Asian shares creep higher, tracking Wall St pre-holiday lull
Stocks are opening moderately higher on Wall Street Thursday, led by gains in banks and technology companies.
Trump administration halts study of offshore oil inspections
The Trump administration is halting an independent scientific study of offshore oil inspections by a federal safety agency created after the 2010 spill in the Gulf of Mexico.
Troubled $25 billion nuclear project gets OK to continue
Georgia's utility regulators are meeting Thursday to decide the fate of a $25 billion nuclear power plant, and the outcome could help shape the future of the U.S. nuclear energy industry.
Tax bill will lift oil industry into new territory, oil-field CEO says
Canary, LLC CEO Dan Eberhart on the impact of the Republican tax bill on the oil industry.
The Latest: After PSC vote, electric rates to rise in 2021
The Latest on the Georgia Public Service meeting about construction of new nuclear generators at a power plant (all times local): 10:25 a.m.
PG&E suspends dividends amid possible wild fire liability
The utility may have liabilities tied to Northern California's devastating wildfires.
Positive IMF review paves way for $2B transfer to Egypt
The latest review by the International Monetary Fund has found that Egypt's economic reforms are on track, paving the way for the transfer of another $2 billion loan disbursement, part of a three-year bailout loan.
Half the Saudi population receiving welfare in new system
Saudi Arabia has paid 2 billion riyals ($533 million) in the first monthly installment of a new welfare system for low and middle-income Saudi families that make up approximately half of the kingdom's population.
European markets steady ahead of Catalan election results
Asian share markets were mixed Thursday after the final congressional approval of a sweeping U.S. tax revamp.
Regulators won't dismiss move against South Carolina utility
State utility regulators have refused to dismiss a request that could lower rates for South Carolina Electric & Gas Co. customers after the company abandoned plans for two nuclear reactors.
Honda, Nissan developing solid-state batteries for EVs: report
Japan's Honda Motor and Nissan Motor are developing all solid-state batteries for electric vehicles (EVs), Kyodo News reported on Thursday.
Most Asian shares lower as US tax passage fails to impress
U.S. stocks are slightly higher Wednesday morning after the Senate passed a bill that would cut corporate taxes, with the House expected to approve the measure later in the day.
France passes law to ban all oil and gas production by 2040
France's parliament has approved a law banning all exploration and production of oil and natural gas by 2040 within the country and its overseas territories.
Business Highlights
___ Trump celebrates after Congress wraps up massive tax package WASHINGTON (AP) — President Donald Trump cheered a massive overhaul of U.S. tax laws Wednesday, saying "we broke every record."









