Michigan Legislature approves bill to cut high auto premiums
Michigan lawmakers are poised to vote on legislation to cut the state's high car insurance premiums following progress in negotiations between Republican leaders and Democratic Gov. Gretchen Whitmer.
The Latest: PM May resigns, won't lead Britain out of EU
The Latest on Brexit and Britain's political crisis (all times local): 10:05 a.m.
Business Highlights
___ CEOs get $800,000 pay raise, leaving workers further behind NEW YORK (AP) — Pay for CEOs at the biggest U.S. companies climbed 7% last year, widening the chasm between the top executives and their workers, whose pay didn't rise as quickly.
The Latest: Michigan Legislature passes auto insurance bill
The Latest on Michigan's auto insurance legislation (all times local): 8:30 a.m.
US stocks rebound, but S&P 500 ends with 3rd weekly loss
U.S. stocks rebounded in morning trading on Wall Street Friday, but were still on track for a third straight week of losses.
How major US stock indexes fared Friday
Stocks closed higher on Wall Street Friday after modest gains erased some of the market's steep losses from a day earlier.
Uber launches $2,000 submarine trips to Great Barrier Reef with 'scUber'
From May 27 through June 18, would-be tourists can use the Uber app to book a trip to the giant coral reef.
Volkswagen names new chief executive at Tennessee plant
German auto maker Volkswagen has named a new chief executive at its factory in Chattanooga, Tennessee.
Female CEOs are competitively paid, but greatly outnumbered
The few women who are CEOs of the largest U.S. companies typically make more money than their male counterparts but aren't close to the top of the leaderboard for pay packages.
Pennsylvania accuses financial firms of bond price-fixing
Pennsylvania's treasury department is accusing about a dozen large financial firms of inflating the price of bonds issued by Fannie Mae and Freddie Mac over seven years.
Ex-Facebook exec recommends Zuckerberg step down as CEO
Facebook's former security chief is disagreeing with calls to break up the social network.
Botswana hires Hollywood firm to fight elephant hunting PR
A public relations firm with deep Hollywood ties was enlisted by the Botswanan government to fight bad publicity generated by the southern African nation's decision to lift its ban on elephant hunting.
Shell finds light oil reserves at mountain in Albania
Shell Upstream Albania B.V. has confirmed "a significant light oil discovery" at a mountain south of the capital, Tirana.
CEO Pay: When investors say "nay" on spiraling packages
Shareholders are still voting overwhelmingly in favor of big pay packages for CEOs, but there are more pockets of resistance eight years after "Say on Pay" became a mandatory exercise at annual meetings.
Health warnings lifted on 2 Texas bays after accident, leak
Texas health officials have lifted some advisories that warned against eating seafood from parts of two Houston-area bays following a maritime accident and toxic spill this month.
Tesla's bad news accelerates as Wall Street loses faith
Late last year, Tesla Inc. was fully charged and cruising down the highway on Autopilot.
Health care CEOs again lead the way in pay
The highest pay packages go to CEOs at health care companies.
How AP and Equilar calculated CEO pay
For its annual analysis of CEO pay, The Associated Press used data provided by Equilar, an executive data firm.
Hands On With Microsoft Stream: A Business-Focused Video Share Tool
Microsoft believes that video is a vital tool for businesses.
SpaceX launches 60 little satellites, with many more to come
SpaceX has launched 60 little satellites, the first of thousands that founder Elon Musk plans to put in orbit for global internet coverage.












