Industrials

Ryanair formally recognizes UK pilots union

Budget airline Ryanair has signed a formal recognition agreement with the British Airline Pilots Association, a significant milestone in addressing the company's often testy relations with its employees.

US, Qatar reach agreement on subsidy spat with airlines

The United States and Qatar have reached a deal to resolve a years-old quarrel over alleged government subsidies to Persian Gulf airlines, as Qatar's government works to defuse tensions with the Trump administration.

Publicly funded New Mexico spaceport seeks confidentiality

Operators of a taxpayer-funded spacecraft launch facility in New Mexico are seeking greater confidentiality for tenants that include aspiring commercial spaceflight company Virgin Galactic, urging lawmakers to enact exemptions to state open-records laws.

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.