Industrials

Clarification: Damaged Dam story

The costs of dealing with last year's near-disaster at the nation's tallest dam have reached $870 million, California officials said Friday.

Australia plans to become leading defense-industry exporter

Australia's government announced a strategy Monday to create high-tech jobs and become one of the top 10 defense-industry-exporting countries within a decade through arms sales to liked-minded nations while also keeping those weapons from rogue regimes.

Intel and AbbVie jump while Starbucks and Colgate skid

Stocks that moved substantially or traded heavily on Friday: Intel Corp., up $4.78 to $50.08 The chipmaker had a better fourth quarter than analysts expected and gave a strong sales forecast for 2018.

Business Highlights

___ US economy grew at solid 2.6 percent rate in fourth quarter WASHINGTON (AP) — Strong consumer spending and a big rebound in home construction helped the economy grow at a solid pace of 2.6 percent in the final three months of last year.