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AP Top Business News at 4:45 a.m. EST

Ample tax cuts for business, wealthy in new GOP tax accord
WASHINGTON (AP) -- Generous tax cuts for corporations and the wealthiest Americans would be delivered in a sweeping overhaul of the tax laws, under a new agreement crafted by Republicans in Congress....

As 'net neutrality' vote nears, some brace for a long fight
NEW YORK (AP) -- As the federal government prepares to unravel sweeping net-neutrality rules that guaranteed equal access to the internet, advocates of the regulations are bracing for a long fight....

Putin, in annual address, calls for modern Russia economy
MOSCOW (AP) -- Russian President Vladimir Putin says he will seek to modernize the Russian economy if he's re-elected to another term next March....

EU leaders gather, set to move Brexit talks into new phase
BRUSSELS (AP) -- European Union leaders are gathering in Brussels set to move Brexit talks into a new phase as pressure mounts on Prime Minister Theresa May over her plans to take Britain out of the 28-nation bloc....

AP Explains: What is net neutrality and why does it matter?
NEW YORK (AP) -- "Net neutrality" regulations, designed to prevent internet service providers like Verizon, AT&T, Comcast and Charter from favoring some sites and apps over others, are on the chopping block. On Thursday, the Federal Communications Commission plans to vote on a proposal that would not only undo the Obama-era rules that have been in place since 2015, but will forbid states to put anything similar in place....

China suffers natural gas shortage as coal ban backfires
BEIJING (AP) -- Chinese authorities have commandeered supplies of natural gas to heat homes, forcing chemical plants and factories to shut down, after efforts to clear smog-choked air by banning coal use backfired by causing energy shortages in frigid weather....

Business survivors: AP revisits owners from recession years
NEW YORK (AP) -- They are business survivors - owners whose small companies withstood the Great Recession that forced thousands of others out of business. Along the way, many had to lay off workers, forgo salaries or find new ways to earn money....

Decade since recession: Thriving cities leave others behind
As the nation's economy was still reeling from the body blow of the Great Recession, Seattle's was about to take off....

Turkey summons FBI attache over testimony in US trial
ISTANBUL (AP) -- Turkey's official news agency says police have summoned an FBI official stationed in Turkey, in connection with testimony in a U.S. federal corruption case against a Turkish banker....

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Up to the Minute
China suffers natural gas shortage as coal ban backfires

European, Asian shares slip as investors watch central banks

Australian bank faces more charges from financial watchdog

China reacts to Fed rate hike by nudging up key policy rate

The Latest: China raises key policy rate after Fed's hike

Fed rate increase is 3rd this year; foresees 3 more in 2018

Business Highlights

How major US stock indexes fared on Wednesday

Finisar and Caterpillar jump while Diebold and Lumentum fall

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