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OPEC and allies agree to share oil production increase

Austria OPEC Meeting

VIENNA (AP) — OPEC nations and oil-producing countries not in the cartel said Saturday they have agreed to share increased oil production a day after OPEC announced it would pump more crude oil — a move that should help contain the recent rise in global energy prices. Russia and other oil-producing...


Business

Massachusetts cities seek to regulate short-term rentals

BOSTON (AP) — It’s a daunting challenge for cities: What happens when too many people fall in love with you and want to move in — even just for a night or two? The latest version of that question is playing out in Massachusetts cities like Boston, Cambridge and Somerville, which have struggled to...


Business

AP Top Business News at 11:35 a.m. EDT

OPEC and allies agree to share oil production increase Xiaomi seeks to raise up to $6 billion in Hong Kong IPO Pro-EU protesters march in London, demand new vote on Brexit Police: Backup driver in fatal Uber crash was distracted Car dealers gear up for Saudi women to hit the roads The Latest: Auto...


Business

Xiaomi seeks to raise up to $6 billion in Hong Kong IPO

Hong Kong Xiaomi IPO-9

SEOUL, South Korea (AP) — Chinese smartphone maker Xiaomi Corp. plans to raise up to $6 billion in one of the biggest global stock market debuts in recent years as it tries to become a worldwide hardware-and-services brand alongside Apple, Google and Amazon. The initial public offering in Hong Kong...


Business

Florida gets high marks for handing of state finances

TALLAHASSEE, Fla. (AP) — Florida is getting high marks from a major ratings agency for a “sustained” and “robust” recovery from the Great Recession. Moody’s Investors Services upgraded the state’s bond rating to AAA. That’s the highest rating the agency awards and means Florida will pay lower...


Government

Trump advises GOP: Quit wasting time on immigration.

Trump

WASHINGTON (AP) — Just when House Republicans needed Donald Trump’s backing the most — on their big immigration overhaul — he dashed off a presidential tweet saying they should quit wasting their time on it. The Friday tweet is hardly the first time the president has abandoned his allies in a...


Business

Online sellers consider how to comply with sales tax ruling

Supreme Court Sales Tax Small Businesses

NEW YORK (AP) — While a Supreme Court ruling on sales taxes will create more obligations and expenses for many small online retailers, owners are already thinking about how they’ll comply. The decision allows states to require out-of-state businesses to collect sales tax from customers in other...


Business

Oklahoma City pays marketing costs for some nonstop flights

OKLAHOMA CITY (AP) — Will Rogers World Airport in Oklahoma City has provided about $1.2 million in incentives over the past five years to airlines that provide nonstop flights to new destinations. The Oklahoman reports airlines that provide new nonstop flights on unserved routes can receive up to...


Business

Company plans Tulsa to Oklahoma City passenger rail service

TULSA, Okla. (AP) — A Kansas-based company is seeking proposals from private rail carriers to provide passenger service between Tulsa and Oklahoma City. The request for proposals by WATCO Companies of Pittsburg, Kansas, would create passenger rail service from downtown Tulsa through the cities of...


Government

Trump to campaign for Heller, address Nevada GOP convention

Trump

WASHINGTON (AP) — President Donald Trump is headed to Nevada to help Sen. Dean Heller raise money. Heller is the only Republican senator seeking re-election in a state that Democrat Hillary Clinton won in 2016. Trump is going to Las Vegas on Saturday to headline a fundraiser for Heller. He’s also...


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