Business

India's Reliance Industries penalized for alleged fraud

NEW DELHI (AP) -- India's markets regulator has barred Indian conglomerate Reliance Industries and 12 others from trading in equity derivatives for a year for allegedly fraudulent trades made 10 years ago. The multibillion-dollar Reliance Industries rejected the ruling by the Securities and Exchange Board of India and said it would appeal the order.

Self-inflicted collapse chokes GOP effort to undo Obamacare

WASHINGTON (AP) -- House Republicans passed roughly 60 bills over the past six years dismembering President Barack Obama's health care overhaul. Other than minor tweaks, they knew the measures would go nowhere because the Democrat still lived in the White House. With a bill that counted Friday, they choked. It was an epic, damaging, self-inflicted collapse that smothered the GOP effort.

Trump's Keystone XL decision sets up new fight in Nebraska

LINCOLN, Neb. (AP) -- President Donald Trump may have approved a federal permit for the Keystone XL pipeline, but the fight is far from over in Nebraska, the one state in its path that has yet to approve the project. The pipeline's fate once again rests with the Nebraska Public Service Commission, an independently elected group of four Republicans and one Democrat.

Debate renewed over economic benefits of Keystone pipeline

DALLAS (AP) -- President Donald Trump is calling his administration's approval of the Keystone XL pipeline a new era for American energy policy. As expected, the State Department reversed a decision by the Obama administration and favored energy development over environmentalists' objections to the pipeline, which will carry thick Canadian crude oil to Nebraska, where it can flow on to refineries along the Gulf Coast.

Trump touts jobs commitment first made in 2015

WASHINGTON (AP) -- President Donald Trump on Friday praised a plan by cable company Charter Communications to hire 20,000 American call center workers. But the hiring initiative dates back to 2015 as part of the company's successful efforts to merge with Time Warner Cable. It's the latest corporate jobs announcement made at the White House that capitalized on plans made before Trump won the presidency.

US imposes sanctions on China, North Korea entities, people

WASHINGTON (AP) -- The Trump administration announced sanctions Friday on 30 foreign companies and people from 10 countries, including China, and accused the entities of engaging in proliferation activity. "These determinations underscore that the United States continues to regularly impose sanctions under existing authorities, as warranted, against entities and individuals that engage in proliferation activity with Iran, North Korea, and Syria," the State Department statement said in a statement.

Maine's cod fishermen have worst year in history

ROCKPORT, Maine (AP) -- The cod isn't so sacred in Maine anymore. The fish-and-chips staple was once a critical piece of the state's fishing industry, but state records show 2016 was historically bad. Fishermen brought less than 170,000 pounds (77,110 kilograms) of the fish to land in Maine last year. That was below the previous record low of 250,000 pounds (113,398 kilograms) a year earlier.

Hiring rises in 11 US states last month, gains widely spread

WASHINGTON (AP) -- Hiring picked up in 11 states last month compared with January and was mostly unchanged in the other 39, as stronger U.S. job gains benefited most of the country. Still, pockets of weakness remained. Job gains in February were most robust in states outside the coastal regions that have fared the best since the Great Recession, the Labor Department report showed.

Winners and losers in House Republican health plan

WASHINGTON (AP) -- The old and the poor made out great when House Republicans failed Friday to dismantle Barack Obama's Affordable Care Act. The rich and the almost rich didn't do so well. The measure would have repealed major parts of Obama's health law, capping future funding for Medicaid and cutting tax increases for high-income families, health insurance companies and drugmakers.

Report examines grim Bangladesh leather trade, links to West

DHAKA, Bangladesh (AP) -- Hazardous, heavily polluting tanneries, with workers as young as 14, supplied leather to companies that make shoes and handbags for a host of Western brands, a nonprofit group that investigates supply chains says. The report by New York-based Transparentem, released to The Associated Press on Friday, didn't say leather from the tanneries ends up in American and European companies' products, only that the manufacturers of some of those goods receive it.

Trump and Mnuchin say focus will turn to tax reform

WASHINGTON (AP) -- Now that the effort to overhaul the nation's health care system has collapsed, the Trump administration is turning its attention to tax reform. President Donald Trump and Treasury Secretary Steven Mnuchin said Friday that the administration will now focus on gaining congressional approval for a sweeping tax overhaul plan.

Disney CEO: 'Last Jedi' not changed due to Fisher's death

SANTA MONICA, Calif. (AP) -- Disney CEO Bob Iger says the upcoming "Star Wars" sequel has not been changed due to the death of Carrie Fisher. Fisher completed filming her role as Princess Leia in "The Last Jedi" before her death following a heart attack in December. Iger said in an interview at a University of Southern California tech conference Thursday that Fisher "appears throughout" the film and her performance "remains as it was.

US durable goods orders rose in February, led by aircraft

WASHINGTON (AP) -- Greater demand for commercial aircraft helped U.S. businesses increase their orders for long-lasting manufactured goods in February, but a key category that tracks business investment plans slipped slightly. The Commerce Department said Friday that orders for durable goods rose 1.7 percent in February and an upwardly revised 2.3 percent in January. Orders so far this year are running 1.6 percent higher than in the first two months of 2016.

Sweet news: Germany's Haribo to produce gummy bears in USA

BERLIN (AP) -- Germany's iconic gummy bear will soon be "Made in USA." Bonn-based Haribo, which invented the gummy bear nearly a century ago, said Friday it would open a U.S. factory in Wisconsin in 2020. Haribo, founded in 1920, has been in the U.S. since 1982 with a sales operation, and is already the top seller of gummy bears in the country, but says it wants to grow further.

Geologist for Shell says company hid Nigeria spill dangers

JOHANNESBURG (AP) -- Royal Dutch Shell's Nigeria subsidiary "fiercely opposed" environmental testing and is concealing data showing thousands of Nigerians are exposed to health hazards from a stalled cleanup of the worst oil spills in the West African nation's history, according to a German geologist contracted by the Dutch-British multinational.

Trumps plot big hotel expansion, but political problems loom

NEW YORK (AP) -- The Trump family is launching a new hotel chain in a bold expansion of a company that critics say is already too big and opaque for an enterprise whose owner sits in the Oval Office. The chain, called Scion, will feature the first Trump-run hotels not to bear the family's gilded name.

Eurozone's economic growth near 6-year high: New survey

LONDON (AP) -- Businesses across the 19-country eurozone, and particularly in France, are increasingly upbeat and hiring more people despite big uncertainties -- including France's high-stakes presidential election. A closely watched survey of some 5,000 companies indicates that business activity is growing overall at the fastest rate in over six years. The so-called purchasing managers' index, which serves as a gauge of business activity, rose to 56.