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AP Top Business News at 11:54 p.m. EST

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Trump expected to tap Exxon's Tillerson to lead State Dept.

Sat, 10 Dec 2016 23:37:25 GMT2016-12-10T23:37:25Z

WASHINGTON (AP) -- President-elect Donald Trump moved closer to nominating Exxon Mobil CEO Rex Tillerson as his secretary of State on Saturday, a decision that would bring a business leader with close ties to Russia into the Cabinet....

Non-OPEC oil producers to cut output 558,000 barrels a day

Sat, 10 Dec 2016 19:17:01 GMT2016-12-10T19:17:01Z

VIENNA (AP) -- OPEC has persuaded 11 non-members to cut oil production, a move aimed at draining a worldwide oil glut and boosting low prices that have squeezed government finances in Russia and Saudi Arabia....

Glencore, Qatari fund finalize deal to acquire Rosneft stake

Sat, 10 Dec 2016 20:49:50 GMT2016-12-10T20:49:50Z

MOSCOW (AP) -- Russia's Rosneft oil company said Saturday that commodities company Glencore and Qatar's sovereign wealth fund will invest $3 billion of their own funds to acquire a 19.5 percent stake in Rosneft....

7 killed, 29 injured in Bulgarian tanker train explosion

Sat, 10 Dec 2016 17:34:25 GMT2016-12-10T17:34:25Z

SOFIA, Bulgaria (AP) -- A derailed tanker train exploded Saturday and decimated a village in northeastern Bulgaria, killing seven people and leaving least 29 injured, many with severe burns, the Interior Ministry said....

Trump's pick for State is an accomplished executive

Sun, 11 Dec 2016 04:53:59 GMT2016-12-11T04:53:59Z

WASHINGTON (AP) -- President-elect Donald Trump has found an accomplished American executive in Rex Tillerson, but one whose longstanding support for free trade, international law and an expansive U.S. presence in the Middle East largely doesn't fit with what Trump has pitched to supporters....

Trump deepens Goldman ties as he builds out economic team

Sat, 10 Dec 2016 07:40:26 GMT2016-12-10T07:40:26Z

WASHINGTON (AP) -- In the heat of the presidential campaign, Donald Trump accused primary rival Ted Cruz of being controlled by Goldman Sachs because his wife, Heidi, previously worked for the Wall Street giant. He slammed Hillary Clinton for receiving speaking fees from the bank....

General Motors to recall nearly 50,000 police SUVs

Sat, 10 Dec 2016 16:52:00 GMT2016-12-10T16:52:00Z

General Motors plans to recall nearly 50,000 sport utility vehicles made for police departments and other government agencies because of a hazard in the cooling system....

Greece passes austerity 2017 budget, eyes 2.7 percent growth

Sat, 10 Dec 2016 23:53:25 GMT2016-12-10T23:53:25Z

ATHENS, Greece (AP) -- Greece's Parliament passed a budget of continued austerity as mandated by the country's creditors, but which forecasts robust growth for 2017....