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AP Top Business News at 8:28 a.m. EST

Trump picks fast food executive Andrew Puzder for Labor
WASHINGTON (AP) -- President-elect Donald Trump plans to add another wealthy business person and elite donor to his Cabinet, saying he would nominate fast-food executive Andrew Puzder as labor secretary....

Gov't proposal envisions phone calls on airline flights
WASHINGTON (AP) -- Airlines could let passengers make in-flight phone calls using Wi-Fi under a proposal from federal regulators....

Fast-food CEO, Trump's pick for Labor, on racy TV ads
NEW YORK (AP) -- Andrew Puzder, who heads the company that owns Carl's Jr. and Hardee's, was tapped Thursday to head the Labor Department by President-elect Donald Trump....

German central bank ups growth forecast for 2016, 2017
BERLIN (AP) -- Germany's central bank has increased its growth forecast this year and next for the country's economy, Europe's biggest....

Americans' odds of earning more than parents have plunged
WASHINGTON (AP) -- The likelihood that young adults will earn more than their parents has plummeted in recent decades, a study has found, fueling concerns that the American dream of steady upward mobility is foundering amid a widening wealth gap....

Global stocks extend European stimulus-inspired rally
KUALA LUMPUR, Malaysia (AP) -- Global stocks continued to rise Friday as investors remained buoyed by the European Central Bank's decision to extend its bond-buying economic stimulus program. South Korea's benchmark slipped as lawmakers voted to impeach President Park Geun-hye over a corruption scandal....

Japan doubles cost estimate for Fukushima cleanup
TOKYO (AP) -- The estimated cost of cleaning up Japan's wrecked Fukushima nuclear plant has doubled to nearly 22 trillion yen ($190 billion), with decommissioning expenses expected to continue to increase, a government panel said Friday....

Banking on change: Tech startups target financial services
SAN FRANCISCO (AP) -- It may not be much longer before bank branches join video-rental stores and record shops as relics of a bygone era....

Report: UK Brexit chief not interested in transitional deal
LONDON (AP) -- British Brexit Secretary David Davis told London financial-sector bosses that he is "not really interested" in seeking a transitional deal with the European Union to soften the process of the U.K.'s exit from the bloc, the Financial Times reported Friday....

Celebrate closer EU union? Not with all that division
MAASTRICHT, Netherlands (AP) -- The European Union's Commission chief has used the 25th anniversary of the summit that reinforced the goal of an ever-closer union to lambast some member states that refuse to apply common rules. He says the bloc needs to rethink a looser relation for those not fully committed to the common cause....

Business Video
Multimedia
Captains of industry: Comparing CEO pay and performance
Unemployment by the numbers
Up to the Minute
Global shares mostly higher following ECB-inspired rally

Panel rejects British company's $1.3B case against Indonesia

Japan ratifies Pacific trade pact that Trump plans to dump

Fast-food CEO, Trump's pick for Labor, on racy TV ads

Americans' odds of earning more than parents have plunged

Weather affects oil pipeline spill cleanup in North Dakota

Business Highlights

How the Dow Jones industrial average finished Thursday

Lululemon and Tailored Brands surge; Gilead and Grumman drop

Figures on government spending and debt