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AP Top Business News at 1:58 p.m. EDT

Donald Trump has signed an executive order on Friday aimed at expanding drilling in the Arctic and opening other areas to oil and gas exploration
WASHINGTON (AP) -- Working to dismantle his predecessor's environmental legacy, President Donald Trump signed an executive order on Friday aimed at expanding drilling in the Arctic and opening other federal areas to oil and gas exploration....

Exxon more than doubled its profit in the first quarter as rising crude prices magnified the cost cuts the company made when energy prices were lower
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....

The owners of some of Washington state's vast fruit orchards are watching with interest as two companies race to get robotic fruit-picking machines to market
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....

At the Trump administration's request, a federal appeals court has agreed to hold off ruling on Obama-era carbon restrictions
WASHINGTON (AP) -- At the Trump administration's request, a federal appeals court agreed Friday to postpone a ruling on lawsuits challenging Obama-era restrictions on carbon emissions....

A former federal prosecutor and civil rights chief at the Justice Department, Alex Acosta, has been confirmed as President Donald Trump's labor secretary
WASHINGTON (AP) -- Vice President Mike Pence has sworn in Alex Acosta as the nation's new labor secretary, filling out President Donald Trump's Cabinet as he approaches his 100th day in office....

US economy grew just 0.7 percent in the first quarter amid consumer spending slowdown
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....

Congress has easily approved a short-term spending bill that would prevent a partial federal shutdown over the weekend
WASHINGTON (AP) -- With just hours to spare, Congress easily approved a short-term spending bill Friday that would prevent a partial federal shutdown over the weekend. But on President Donald Trump's 99th day in office, lawmakers were leaving until next week without completing two other measures he's coveted: A Republican health care overhaul and a budget financing government for the entire year....

A federal appeals court has left in place a decision blocking Anthem Inc.'s bid to buy rival health insurer Cigna Corp.
WASHINGTON (AP) -- A federal appeals court on Friday left in place a decision blocking Blue Cross-Blue Shield insurer Anthem's bid to buy rival Cigna, saying that a bigger company is not better for consumers....

Facebook is acknowledging that governments or other malicious non-state actors are using its social network to affect political sentiment
NEW YORK (AP) -- Facebook is acknowledging that governments or other malicious non-state actors are using its social network to sway political sentiment, including elections....

U.S. stock indexes are mixed in afternoon trading as investors size up the latest batch of company earnings
U.S. stock indexes were mostly lower in afternoon trading Friday as investors sized up the latest batch of company earnings. Phone company stocks were down the most, followed by banks and materials companies. Technology stocks led the gainers. Energy companies also rose as the price of crude oil headed higher....

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Captains of industry: Comparing CEO pay and performance
Unemployment by the numbers
Up to the Minute
Recalls this week include child backpack carriers, infant booties, remote-controlled vehicles

US economy grew just 0.7 percent in the first quarter amid consumer spending slowdown

Time's stock plunges after the publisher's board says it's not considering a sale of the company

General Motors put up record first-quarter profits with sales of trucks and SUVs in the U.S. booming

Wages and benefits paid to U.S. civilian workers grew steadily in the first three months of the year

Exxon Mobil tops 1Q net income expectations, misses revenue forecasts

Taxpayer-owned Royal Bank of Scotland swung to a profit in the first quarter as it cut costs and increased lending

Electrolux, the world's second-largest maker of household appliances, says profit for the three months ending March 31 rose to 1.08 billion kronor $120 million), up 24 percent from the same period a year earlier

Britain's Barclays Bank says its international operations helped shore up the company during the first quarter

Malaysian Prime Minister Najib Razak says Southeast Asia's 10-member grouping could comprise the world's fourth-largest economy in the world by 2030


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