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AP Top Business News at 10:22 a.m. EDT

Wells Fargo to pay $1B for mortgage, auto lending abuses
NEW YORK (AP) -- Wells Fargo will pay $1 billion to federal regulators to settle charges tied to its mortgage and auto lending business, the latest chapter in a wide-ranging scandal at the banking giant. However, it appears that none of the $1 billion will go directly to the victims of Wells Fargo's abuses....

Kushner Cos. subpoenaed by feds after AP report
NEW YORK (AP) -- The Kushner Cos. has been subpoenaed by federal prosecutors for information related to an Associated Press report that the company filed dozens of false documents about its buildings in New York City....

Mattel CEO to step down after being at helm for 14 months
NEW YORK (AP) -- Mattel Inc. announced Thursday that its CEO Margo Georgiadis is stepping down and is being succeeded by a company director and former studio executive....

Trump calls OPEC efforts to boost oil prices 'not good'
WASHINGTON (AP) -- President Donald Trump says oil-producing cartel OPEC "is at it again," and that efforts to maintain high prices "will not be accepted!"...

Big banks saved $3.6B in taxes last quarter under new law
NEW YORK (AP) -- The nation's six big Wall Street banks posted record, or near record, profits in the first quarter, and they can thank one person in particular: President Donald Trump....

Audit clears Facebook despite Cambridge Analytica leaks
NEW YORK (AP) -- An audit of Facebook's privacy practices for the Federal Trade Commission found no problems even though the company knew at the time that a data-mining firm improperly obtained private data from millions of users....

ZTE protests US penalty, says it is seeking solution
BEIJING (AP) -- ZTE Corp., one of China's biggest tech companies, warned Friday a ban on access to U.S. technology threatens its survival and said the company is looking for a legal solution....

Tech companies help pull US stocks lower in early trade
The major U.S. stock indexes fell in early trading Friday, adding to the market's modest losses a day earlier. Technology stocks accounted for a big slice of the slide. Energy companies also fell along with the price of crude oil. Banks rose as bond yields headed higher....

Brexit pushes European dairy giant to make cuts
COPENHAGEN, Denmark (AP) -- A major European dairy cooperative says that currency swings caused by Brexit are among the reasons it has to cut costs by over 400 million euros ($495 million) over the next three years....

2 black men arrested at Starbucks get an apology from police
PHILADELPHIA (AP) -- Rashon Nelson initially brushed it off when the Starbucks manager told him he couldn't use the restroom because he wasn't a paying customer....

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Up to the Minute
Wells Fargo to pay $1B for mortgage, auto lending abuses

SunTrust warns 1.5 million clients of potential data theft

Tech companies help pull US stocks lower in early trade

Big banks saved $3.6B in taxes last quarter under new law

Markets Right Now: Mostly lower start for US stocks

Wells Fargo hit with $1 billion fine for auto loan and mortgage abuses

Kushner Cos. subpoenaed by feds after AP report

ZTE protests US penalty, says it is seeking solution

Southwest Airlines sought more time for engine inspections

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