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Business Highlights

___ US oil output is booming and seen outpacing Saudis, Russia PARIS (AP) — A global energy agency says that U.S. oil production is growing quickly and is forecast to top that of heavyweights Saudi Arabia and Russia this year.

GE shares stumble to worst week since financial crisis

General Electric shares tumbled for a fifth straight session on Friday, sending the stock to its biggest weekly percentage drop since the financial crisis, after the company flagged a possible breakup and more than $11 billion in charges earlier in the week.

ADM has made takeover approach to Bunge Ltd

Archer Daniels Midland has made a takeover approach to Bunge Ltd., according to people familiar with the matter, setting up a possible bidding war after Glencore PLC earlier made an overture to the agricultural powerhouse.