AP Top Business News at 7:16 p.m. EDT

Yellen says economy likely ready for rate hike later in 2016
WASHINGTON (AP) -- Federal Reserve Chair Janet Yellen said Wednesday that the central bank has no "fixed timetable" for raising interest rates but she believes the economy is ready for a rate hike by the end of the year....

US soda-tax battle bubbles up in San Francisco Bay Area
SAN FRANCISCO (AP) -- The national fight over sugary soda is bubbling up in the San Francisco Bay Area, where voters in November will consider a tax on the drinks that many health experts say contribute to diabetes, obesity and tooth decay....

Apple partners with Deloitte in pitch to business
CUPERTINO, Calif. (AP) -- Apple is extending its push into selling business technology by forging a partnership with the Deloitte consulting firm to advise companies on using iPhones, iPads and Apple software in the workplace....

Air rage incidents reported by airlines on the rise
WASHINGTON (AP) -- Incidents of unruly passengers on planes are increasing, and more effective deterrents are needed to tackle the problem, a global airline trade group said Wednesday....

Energy stocks surge on oil deal hopes, sending market higher
NEW YORK (AP) -- Energy companies powered to big gains Wednesday, leading the broader stock market higher, on reports that OPEC nations were moving closer to an agreement to cut oil production....

OPEC reaches preliminary accord to curb oil production
ALGIERS, Algeria (AP) -- OPEC nations reached a preliminary agreement Wednesday to curb oil production for the first time since the global financial crisis eight years ago, in an effort to reduce a global glut of crude that has depressed oil prices for more than two years and weakened the economies of oil-producing nations....

Wells Fargo CEO to face lawmakers with better defense
WASHINGTON (AP) -- Wells Fargo's CEO, newly stripped of tens of millions in compensation in a scandal over sales practices, will face lawmakers with more defenses than he had in the last round, when some senators called for his resignation....

California suspends some Wells Fargo business amid scandal
SACRAMENTO, Calif. (AP) -- California's treasurer said Wednesday that he's suspending some of the state's most profitable lines of business with Wells Fargo amid allegations bank employees opened millions of accounts without customers' permission....

HP promises fix for printer software that barred outside ink
SAN JOSE, Calif. (AP) -- HP Inc. has apologized to customers for a software update that made some of its printers stop working with ink cartridges from competing suppliers, even if the printers had accepted the same cartridges in the past....

FDA approves 'artificial pancreas' to manage diabetes
WASHINGTON (AP) -- Federal regulators have approved a first-of-a-kind "artificial pancreas," a device that can help some diabetes patients manage their disease by constantly monitoring their blood sugar and delivering insulin as needed....

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