THE ASSOCIATED PRESS

AP Top Business News at 4:19 p.m. EST

Japan ratifies Pacific trade pact that Trump plans to dump
TOKYO (AP) -- Japanese Prime Minister Shinzo Abe won parliamentary approval Friday for ratification of the Trans-Pacific Partnership, despite U.S. President-elect Donald Trump's plan to withdraw from the 12-nation trade pact....

Snapchat: How the vanishing-photo app managed not to fade
NEW YORK (AP) -- Snapchat has managed to build something lasting out of photos that vanished almost instantly....

Coca-Cola names Quincey as next CEO, Kent stays as chairman
NEW YORK (AP) -- Coca-Cola CEO Muhtar Kent will step down from that role next year and be succeeded by the company's No. 2 executive, at a time when people are drinking less sugary soda including its flagship Coke drink....

Trump transition team seeks details on Energy Dept. workers
WASHINGTON (AP) -- President-elect Donald Trump's transition team is asking Energy Department employees detailed questions about the agency's operations and personnel, including a list of employees and contractors who attended international meetings on climate change over the past five years....

Stocks set more records as health care companies join rally
NEW YORK (AP) -- U.S. stocks are rising for the sixth day in a row Friday as major indexes continue to set records. The largest gains are going to industries that have been mostly left out of the post-election rally, including health care companies and makers of household goods. Banks, which have led that surge, are little changed....

Murdoch's 21st Century Fox agrees to buy Europe's Sky
NEW YORK (AP) -- Rupert Murdoch may get all of European broadcaster Sky after all after the U.K. phone-hacking scandal scotched a previous effort....

Obama creates 'resilience area' to protect Bering ecosystem
ANCHORAGE, Alaska (AP) -- President Barack Obama responded to appeals from Alaska Native villages and gave them more of a say in the federal management of marine resources of the Bering Sea....

Gov't: Takata air bag recalls to cover 42M cars when done
DETROIT (AP) -- The U.S. government says automakers will end up recalling 42 million vehicles with potentially deadly air bag inflators made by Takata Corp....

Big business warns Trump against mass deportation
WASHINGTON (AP) -- Still grappling with Donald Trump's surprise election, the nation's business community has begun to pressure the president-elect to abandon campaign-trail pledges of mass deportation and other hard-line immigration policies that some large employers fear would hurt the economy....

South Africa company to buy Stillwater Mining Co. for $2.2B
BILLINGS, Mont. (AP) -- The company that owns Montana's largest mining complex announced Friday that it will be acquired by a South African company for $2.2 billion in a deal that requires U.S. government approval....

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US rig count up 27 this week to 624; Texas adds 17

Markets Right Now: Stocks extend rally to new highs

Stocks set more records as health care companies join rally

Trump expected to name a top Goldman exec to economic post

Recalls this week: playground slides, windows, gift boxes

Gov't: Takata air bag recalls to cover 42M cars when done

Murdoch's 21st Century Fox agrees to buy Europe's Sky

Washington state suing agrochemical giant over PCB pollution

Coca-Cola Co. CEO Muhtar Kent will step down in May, to be succeeded by James Quincey, company president.

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


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