Industrials

___ Avenatti charged with trying to extort millions from Nike LOS ANGELES (AP) — Michael Avenatti, the attorney best known for representing porn actress Stormy Daniels, has been arrested on charges that he tried to extort millions of dollars from Nike and embezzled a client's money to pay his own expenses.

The announcement comes as federal scrutiny over the approval process of Boeing's Max jets grows.

Officials say efforts continue to drain a tank that is leaking flammable gas following a massive fire at a Houston-area petrochemical complex, prompting the closure of part of the Houston Ship Channel.

China signs deal to buy 300 aircraft from European plane maker Airbus during Chinese leader's visit to France.

The relationship between Boeing and the Federal Aviation Administration, which has set the global standard in aviation safety for decades, will come under unprecedented scrutiny this week after two deadly airline crashes.

American, Southwest and others say they are cancelling flights daily as a result of the disruption.

The company building a natural gas pipeline from Russia to Germany says it's confident of getting an outstanding permit from Denmark to close the gap on the 1,200-kilometer (746-mile) route.

The Latest on fire damage at a petrochemical storage facility that led to a partial closure of the Houston Ship Channel (all times local): 12:30 p.m. Officials say an emergency dike has been repaired and a damaged petrochemical tank stabilized during cleanup of leaking oil products that closed part of the Houston Ship Channel.

As a result, the airline said about 90 flights per day will be canceled.

The Trump administration on Thursday sanctioned two Chinese shipping companies suspected of helping North Korea evade sanctions — the first targeted actions taken against Pyongyang since its nuclear negotiations with the U.S. in Hanoi last month ended without agreement.

Italy has signed a memorandum of understanding with China in support of Beijing's "Belt and Road" initiative, which aims to weave a network of ports, bridges and power plants linking China with Africa, Europe and beyond.

The Latest on the United States sanctions on North Korea (all times local): 2:25 p.m. President Donald Trump says he is reversing his administration's decision to slap new sanctions on North Korea, ordering them withdrawn.

One of the largest coal-fired power plants in the West will close this year as planned after a Navajo Nation company ended its long-shot bid Friday to acquire it.

Potentially hazardous chemicals spilled Friday at a Houston-area petrochemical tank farm where a dayslong fire damaged several tanks, the company that operates the farm said.

New Jersey's attorney general announced a lawsuit Friday against a California company that sells mail-order firearms parts that can be turned into working weapons, the first such action the state has taken since it banned so-called "ghost guns" last year.

The local government reports the death toll in an explosion at a chemical plant in eastern China has risen to 44, with another 90 people seriously injured.

The Latest on a fire that had been burning at a Texas petrochemical storage facility (all times local): 1:45 p.m.

PolyMet Mining Corp. has received the final permit it needs to proceed with building Minnesota's first copper-nickel mine, the company and the Army Corps of Engineers announced Friday.

Stocks that moved substantially or traded heavily on Friday: Nike Inc., down $5.82 to $82.19

Flights to and from Frankfurt Airport have been interrupted briefly after two drones were seen in the area.