Associated Press

AP Top Business News at 5:39 p.m. EDT

Warren, Sanders unhappy by Wall Street-paid Obama speech
WASHINGTON (AP) -- U.S. Sens. Elizabeth Warren and Bernie Sanders are not happy about reports that former President Barack Obama will be paid $400,000 to speak at a September health care conference put on by the Wall Street firm Cantor Fitzgerald....

Experts: Long road ahead for Trump offshore drilling order
President Donald Trump's executive order seeking to find new ocean expanses in the Atlantic and the Arctic for offshore drilling is unlikely to reach its goals anytime soon, but instead will kick off a yearslong review and a legal battle....

Exxon's 1Q profit more than doubles on higher oil prices
IRVING, Texas (AP) -- Exxon more than doubled its profit in the first quarter as rising crude prices magnified the cost cuts made by the company as energy prices tumbled....

Robotic fruit pickers may help orchards with worker shortage
SPOKANE, Wash. (AP) -- Harvesting Washington state's vast fruit orchards each year requires thousands of farmworkers, and many of them work illegally in the United States....

Court agrees to hold off ruling on carbon restrictions
WASHINGTON (AP) -- In a blow to environmental groups, a federal appeals court agreed Friday to postpone a ruling on lawsuits that challenge Obama-era limits on carbon emissions....

Facebook gearing up to fight political propaganda
NEW YORK (AP) -- Facebook is acknowledging that governments or other malicious non-state actors are using its social network to influence political sentiment in ways that could affect national elections....

Alex Acosta sworn in as US labor secretary
WASHINGTON (AP) -- Vice President Mike Pence swore in Alex Acosta as the nation's new labor secretary Friday, filling out President Donald Trump's Cabinet as he approaches his 100th day in office....

US economy expanded at weakest pace in 3 years
WASHINGTON (AP) -- The U.S. economy turned in the weakest performance in three years in the January-March quarter as consumers sharply slowed their spending. The result fell far short of President Donald Trump's ambitious growth targets and underscores the challenges of accelerating economic expansion....

Apple ceases iPhone payments to Qualcomm, escalating feud
SAN FRANCISCO (AP) -- Apple is refusing to pay any royalties owed to mobile chip maker Qualcomm for some of the features in the iPhone, escalating a patent feud that has turned the former business partners into bitter adversaries....

Congress settles for stopgap to avoid government shutdown
WASHINGTON (AP) -- Congress took the easy way out to keep the government open on the eve of Donald Trump's 100th day in office, passing a weeklong stop-gap spending bill Friday that amounted to more of a defeat for the president than a victory....

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Time board: company not for sale; stock plunges

US stocks close modestly lower, but end higher for the week

Alphabet, Amazon surge; Time Inc. and Starbucks fall

US economy expanded at weakest pace in 3 years

US rig count rises 13 this week to 870; Texas up 11

Recalls this week: child backpack carriers, infant booties

GM is motoring, profit spikes 34 pct on US truck, SUV sales

US employment costs climbed steadily in first quarter

Exxon Mobil's 1Q profit more than doubles