AP Top Business News at 6:14 p.m. EST

War of words over Trump plans to expand Scottish resort
NEW YORK (AP) -- Donald Trump has vowed his company will do "no new foreign deals" while he is president. But he's left "new" and "deals" open to interpretation....

Dow erases gain for 2017 as stocks fall, bond yields climb
NEW YORK (AP) -- The Dow Jones industrial average erased its gains for 2017 on Thursday as it fell for the fifth day in a row, part of a pullback for stock indexes as Treasury yields continued their upward march....

Treasury pick defends foreclosure actions, asset disclosure
WASHINGTON (AP) -- Steven Mnuchin, President-elect Donald Trump's pick as Treasury secretary, clashed with Democrats during a lengthy confirmation hearing Thursday over his handling of thousands of mortgage foreclosures and his failure to initially disclose to the committee $100 million in assets and interests in a Cayman Islands corporation....

Company that HHS pick invested in faced criminal penalty
WASHINGTON (AP) -- A medical device company in which Rep. Tom Price purchased stock last year has faced years of legal problems and agreed in December to a $17 million Justice Department criminal penalty in a foreign bribery case....

Energy pick vows to boost agency he had pledged to eliminate
WASHINGTON (AP) -- Former Texas Gov. Rick Perry, tapped by President-elect Donald Trump to head the Energy Department, vowed to be an advocate for an agency he once pledged to eliminate and promised to rely on federal scientists, including those who work on climate change....

How to watch inauguration events, with or without TV
NEW YORK (AP) -- The lack of a TV set shouldn't prevent you from following Friday's presidential inauguration ceremony, the pomp and circumstance surrounding it, and the many protests and marches planned around the country....

Streaming giants play hero and villain in Oscar season
NEW YORK (AP) -- When Oscar nominations are announced next week, Amazon is virtually assured of notching the first - but probably not the last - best-picture nomination for a streaming service....

US ends probe of Tesla fatal crash without seeking recall
WASHINGTON (AP) -- Tesla Motors Inc. won't face a recall or fine as a result of a fatal crash involving its Autopilot system, but U.S. safety regulators are warning auto manufacturers and drivers not to treat semiautonomous cars as if they were fully self-driving....

Federal watchdog sues TCF Financial over overdraft fees
WASHINGTON (AP) -- Federal consumer finance regulators said Thursday they were suing TCF Financial Corp., alleging the bank deceived consumers so it could charge them exorbitant overdraft fees....

Costco agrees to pay $12M over lax pharmacy practices
SEATTLE (AP) -- Costco Wholesale Corp. has agreed to pay nearly $12 million to settle Justice Department allegations of lax pharmacy controls over a four-year period....

Business Video
Multimedia
Captains of industry: Comparing CEO pay and performance
Unemployment by the numbers
Up to the Minute
Target names Rick Gomez new chief marketing officer

Business Highlights

Union Pacific cost cuts offset declining shipments in 4Q

CSX and Netflix advance while Rent-A-Center tumble

Starbucks latest to expand parental leave benefits

American Express misses 4Q profit forecasts

Dow erases gain for 2017 as stocks fall, bond yields climb

Markets Right Now: Dow industrials post 5th straight decline

Western Union to pay $586 million for fraud victims

Treasury pick defends foreclosure actions, asset disclosure