- Fed expects economic gains to prompt gradual rate hikes
WASHINGTON (AP) — The Federal Reserve says it expects that the ongoing strength of the U.S. economy will warrant gradual increases in interest rates this year, delivering the same steady-as-it-goes message under new leader Jerome Powell as it had provided under Janet Yellen.
- US companies distance themselves from NRA as pressure mounts
NEW YORK (AP) — U.S. companies are taking a closer look at investments, co-branding deals and other ties to the gun industry and its public face, the National Rifle Association, after the latest school massacre.
- US asks judge to approve seizure of 'Pharma Bro' assets
NEW YORK (AP) — "Pharma Bro" Martin Shkreli appeared in court Friday for the first time since a judge locked him up for his online antics, and the brash former pharmaceutical CEO had a new look since his bail was revoked in September: a scruffy beard that made his appearance less boyish.
- Tech, health care companies leading US stocks higher
Technology and health care companies helped drive U.S. stocks broadly higher Friday, placing the market on course to finish a volatile week with a slight gain. Hewlett Packard Enterprise and HP led the gainers among technology stocks. Energy companies also rose along with crude oil prices. Bond yields receded from the four-year highs they reached earlier this week.
- General Mills gets pet-friendly again by buying Blue Buffalo
NEW YORK (AP) — The maker of Cheerios also wants to fill dog bowls.
- China prosecuting tycoon who considered Kushner investment
BEIJING (AP) — The founder of one of China's biggest insurers, who had discussed possibly investing in a Manhattan skyscraper owned by the family of U.S. President Donald Trump's son-in-law and adviser, will be prosecuted for financial offenses and regulators have taken control of his company, the government announced Friday.
- EU leaders can't agree yet on post-Brexit budget
BRUSSELS (AP) — European Union leaders are unlikely to agree this year on a new multiyear budget that will plug a huge funding gap caused by Britain's departure from the bloc, European Council President Donald Tusk said Friday.
- Second judge says Trump can't keep stalling clean-air rules
WASHINGTON (AP) — A second judge has told the Trump administration it can't keep stalling clean-air rules for oil and gas production on federal lands.
- EU warns Turkey after its warships force gas rig to halt
NICOSIA, Cyprus (AP) — The European Union warned Turkey on Friday to rein in its navy after Turkish warships threatened and blocked a rig from reaching a site southeast of Cyprus where it was to drill for natural gas.
- Volkswagen says earnings up more than 50 percent in 2017
BERLIN (AP) — Automaker Volkswagen AG says its net profit increased by more than half last year, while revenue climbed more than 6 percent.