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AP Top Business News at 4:44 a.m. EST

Fed officials discussed possible rate hike 'fairly soon'
WASHINGTON (AP) -- Federal Reserve officials earlier this month discussed the need to raise a key interest rate again "fairly soon," especially if the economy remains strong....

US musician makes mics in Russia using Kalashnikov machinery
TULA, Russia (AP) -- Claims of hacking by the Russian state may be feeding international tensions, but they've given Californian musician David Brown a great icebreaker when selling his line of Russian-made microphones....

Tesla swings to loss in 4Q, says Model 3 on target
DETROIT (AP) -- Unable to string together profitable quarters, electric car and solar cell maker Tesla Inc. reported a loss for the last three months of 2016....

Nobel-winning economist Kenneth J. Arrow dies at 95
PALO ALTO, Calif. (AP) -- Kenneth J. Arrow, the youngest-ever winner of a Nobel prize for economics, whose theories on risk, innovation and the basic mathematics of markets have influenced thinking on everything from voting to health insurance to high finance, has died. He was 95....

Ivanka Trump visits center for minority-owned businesses
WASHINGTON (AP) -- Ivanka Trump is learning more about economic policy as she takes on a more visible role in and around Washington....

INFLUENCE GAME: GM bill is self-driving and self-interested
WASHINGTON (AP) -- With states seizing the initiative on shaping the future of self-driving cars, General Motors is trying to persuade legislators across the country to approve rules that would benefit the automaker while potentially keeping its competitors off the road....

US, Mexico at odds over deportation as top officials meet
MEXICO CITY (AP) -- Mexico's mounting unease and resentment over President Donald Trump's immigration crackdown are looming over a gathering of U.S. and Mexican leaders that the U.S. had hoped would project a strong future for relations between neighbors....

Americans buy existing homes at fastest pace in a decade
WASHINGTON (AP) -- Americans shrugged off rising mortgage rates and bought existing homes in January at the fastest pace since 2007. That has set off bidding wars that have pushed up prices as the supply of available homes has dwindled to record lows....

PSA Peugeot Citroen profits up as it eyes buy of GM's Opel
PARIS (AP) -- French carmaker PSA Group saw its profits jump last year and is giving dividends for the first time since 2011, burnishing its image as it weighs a buyout of General Motors' money-losing European operations....

Hawaii bill would ban licenses for some foreign fishermen
HONOLULU (AP) -- Hawaii lawmakers are considering a proposal with the potential to cripple the state's commercial fishing industry after an Associated Press investigation found foreign fishermen confined to boats and living in subpar conditions....

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Up to the Minute
Repsol closes 2016 with best net profit in 4 years

World shares listless as Fed minutes fail to sway investors

Barclays says it will complete its restructuring early

PSA Peugeot Citroen profits up as it eyes buy of GM's Opel

Japanese Nissan executive tapped to replace Ghosn as CEO

Spirit Airlines CEO dismisses new, cheaper fares by rivals

Tesla swings to loss in 4Q, says Model 3 on target

Business Highlights

How major US stock market indexes fared on Wednesday

T.J. Maxx parent steps up expansion, plans new home chain