AP Top Business News at 4:35 p.m. EST

Trump expected to tap Exxon's Tillerson for State Dept. post
WASHINGTON (AP) -- President-elect Donald Trump moved closer to nominating Exxon Mobil CEO Rex Tillerson as his secretary of State Saturday, meeting privately with the business leader for the second time in a week. Trump's transition team cautioned that no announcement was expected over the weekend....

Non-OPEC oil producers to cut output 558,000 barrels a day
VIENNA (AP) -- OPEC has persuaded 11 non-members to cut oil production, a move aimed at draining a worldwide oil glut and boosting low prices that have squeezed government finances in Russia and Saudi Arabia....

Glencore, Qatari fund finalize deal to acquire Rosneft stake
MOSCOW (AP) -- Russia's Rosneft oil company said Saturday that commodities company Glencore and Qatar's sovereign wealth fund will invest $3 billion of their own funds to acquire a 19.5 percent stake in Rosneft....

7 killed, 29 injured in Bulgarian tanker train explosion
SOFIA, Bulgaria (AP) -- A derailed tanker train exploded Saturday and decimated a village in northeastern Bulgaria, killing seven people and leaving least 29 injured, many with severe burns, the Interior Ministry said....

Trump deepens Goldman ties as he builds out economic team
WASHINGTON (AP) -- In the heat of the presidential campaign, Donald Trump accused primary rival Ted Cruz of being controlled by Goldman Sachs because his wife, Heidi, previously worked for the Wall Street giant. He slammed Hillary Clinton for receiving speaking fees from the bank....

General Motors to recall nearly 50,000 police SUVs
General Motors plans to recall nearly 50,000 sport utility vehicles made for police departments and other government agencies because of a hazard in the cooling system....

Greece passes austerity 2017 budget, eyes 2.7 percent growth
ATHENS, Greece (AP) -- Greece's Parliament has passed a budget of continued austerity as mandated by the country's creditors, but which forecasts robust growth for 2017....

Venezuela seizes nearly 4M toys, will give them to poor kids
BOGOTA, Colombia (AP) -- Venezuela's socialist government has seized nearly 4 million toys from a private company and says it intends to hand them out as Christmas gifts to poor children this holiday season....

GOP's 'Obamacare' repeal path worries health care industry
WASHINGTON (AP) -- One by one, key health care industry groups are telling the incoming Republican administration and Congress that it's not a good idea to repeal the 2010 health care law without clear plans to address the consequences....

Sri Lanka fires warning shots to halt dock workers' protest
COLOMBO, Sri Lanka (AP) -- Sri Lankan naval troops fired warning shots on Saturday to break up a protest by striking dock workers who have held up a Japanese vessel for four days at the island's southern international port....

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