AP Top Business News at 12:08 a.m. EDT

AT&T's $85.4B deal for Time Warner: A new bet on synergy
NEW YORK (AP) -- AT&T's $85.4 billion purchase of Time Warner represents a new bet on synergy between companies that distribute information and entertainment to consumers and those that produce it....

Attacks on the internet keep getting bigger and nastier
NEW YORK (AP) -- Could millions of connected cameras, thermostats and kids' toys bring the internet to its knees? It's beginning to look that way....

IMF warns of slow growth in Central Asia, Caucasus
WASHINGTON (AP) -- The International Monetary Fund warned Friday of weak growth prospects in Central Asia and the Caucasus and called for active reforms to energize the post-Soviet economies....

Major California river adding key ingredient: water
FRESNO, Calif. (AP) -- A decade ago, environmentalists and the federal government agreed to revive a 150-mile stretch of California's second-longest river, an ambitious effort aimed at allowing salmon again to swim up to the Sierra Nevada foothills to spawn....

UN expert urges next UN chief to focus on ending tax havens
UNITED NATIONS (AP) -- A U.N. human rights expert urged the next U.N. secretary-general on Friday to make the elimination of tax havens a priority to ensure that corporations, billionaires and "kleptocrats" pay their fair share of taxes....

US stocks close mostly lower; eke out gain for the week
The major U.S. stock indexes closed mostly lower Friday, capping a day spent wavering between small gains and losses....

Greek shipping companies fined $1.5M for pollution, cover-up
SEATTLE (AP) -- A federal judge in Seattle on Friday ordered two companies owned by a Greek shipping magnate to pay $1.5 million after a jury found that a cargo ship deliberately pumped oil-polluted water into the ocean, then repeatedly lied and falsified records in an effort to deceive inspectors with the U.S. Coast Guard....

Russian indicted on charges he hacked LinkedIn
SAN FRANCISCO (AP) -- A Russian man has been charged with hacking and stealing information from computers at LinkedIn and other San Francisco Bay Area companies, federal prosecutors announced Friday....

Top EU lawmaker intervenes to try to save Canada trade pact
BRUSSELS (AP) -- The Belgian region of Wallonia affirmed Saturday it still stands in the way of a trade deal between the 28-nation European Union and Canada, but its leader and a top EU lawmaker were cautiously optimistic that the standoff could be resolved within days....

Colombia airline resumes Caracas flights after scare
BOGOTA, Colombia (AP) -- Colombia's flagship airline briefly grounded all flights to Caracas after a Venezuela air force plane flew close to a passenger jet, but the company said Saturday it was resuming service following clarifications from the two governments....

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Business Highlights

How the Dow Jones industrial average fared on Friday

Muni week in review: Yields trend still trending higher

US stocks close mostly lower; eke out gain for the week

Moody's, GE and Skechers slide; Reynolds American surges

Markets Right Now: Stocks edge mostly lower on Wall Street

Unemployment rates rose in 3 of 8 US swing states last month

US rig count up 14 this week to 553; Texas gains 10

Recalls this week: circular saws, lawnmowers