Finance

BP said Friday that CEO Bob Dudley, the American who steered the oil giant through the aftermath of the massive 2010 Gulf of Mexico spill, will retire next year and be replaced by the head of the company’s exploration and production business. Bernard Looney, 49, will become CEO and take Dudley’s seat on the board […]

Salesforce founder Marc Benioff oversees a $130 billion software empire from a 62-story skyscraper that towers above everything else in San Francisco. But he sits uneasily in his lofty perch because of a worsening economic divide on the streets down below, where the lavish pay doled out to tech workers like his are pricing many

Federal Reserve Chairman Jerome Powell said Friday that the U.S. economy is facing some risks at the moment, but overall it is in a “good place” and the Fed’s main job is to “keep it there as long as possible.” Powell noted that unemployment is at a half-century low and inflation is running close to

A top union negotiator says bargainers are making progress on a contract that could end a 19-day strike against General Motors. United Auto Workers Vice President Terry Dittes (DIT-ez) says in a letter to local officials Friday that talks have advanced on health care and a path for temporary workers to get full-time jobs. But

Mr. Trump and his advisers have begun looking for ways to find a compromise with China that would forestall another round of tariffs on Chinese goods that are scheduled for later this year, and perhaps roll back some of the existing tariffs, people with knowledge of the White House’s strategy said. The United States has

Microsoft said Friday that hackers linked to the Iranian government targeted a U.S. presidential campaign, as well as government officials, media targets and prominent expatriate Iranians. Overall, the hackers attempted to penetrate 241 accounts — four successfully — though none of those penetrated was associated with presidential campaigns or current or past U.S. officials, Microsoft

The September jobs numbers have something for everybody. Say you’re a president about to run for re-election and you’re looking to boast about the fantastic economy. Good news! The unemployment rate fell to 3.5 percent, the lowest in nearly five decades. The drop, from 3.7 percent, occurred for good reasons — more people were working.

Olives are harvested the old-fashioned way on Juan Luque’s farm in southern Spain, as men thrash the gnarly tree limbs with poles, raining the small green fruit into the motorized collector waiting underneath. But for Luque and thousands of other farmers scattered across Europe’s countryside, the brewing tariffs war between Washington and Brussels over subsidies

Stocks climbed Friday after a report showed the U.S. jobs market is still growing enough for the unemployment rate to drop to a five-decade low. Interested in Stock Market? Add Stock Market as an interest to stay up to date on the latest Stock Market news, video, and analysis from ABC News. The report gave

They may have been united by a love for country music, but the people gunned down two years ago at a Las Vegas concert will not be seen as equals when up to $800 million is paid out from a legal settlement. The administrator overseeing the process will have the icy task of calculating the