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Market Update  

- By Mark DeCambre, MarketWatch Blue-chip gauge logs best performance over time period for first-term president As President Donald Trump nears his 100th day in office on Saturday, the Dow ...
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Experts: Long road ahead for Trump offshore drilling order
(AP Photo - Pablo Martinez Monsivais)
By JASON DEAREN and JILL COLVIN
From Associated Press
April 29, 2017 2:13 AM EST

President Donald Trump's executive order seeking to find new ocean expanses in the Atlantic and the Arctic for offshore drilling isn't likely to reach its goals anytime soon, but instead will kick off a yearslong review and legal battle.

WASHINGTON (AP) — The U.S. economy turned in the weakest performance in three years in the January-March quarter as consumers sharply slowed their spending.

SAN FRANCISCO (AP) — A hacker claims to have stolen the upcoming season of Netflix's hit series "Orange Is The New Black," and is demanding that the video streaming service pay an unspecified ransom to prevent all the new episodes from being prematurely released online.

WASHINGTON (AP) — President Donald Trump will spend his 100th day in office talking tough on trade in one of the states that delivered his unlikely win.

WASHINGTON (AP) — Congress took the easy way out to keep the government open on the eve of Donald Trump's 100th day in office, passing a weeklong stopgap spending bill Friday that amounted to more of a defeat for the president than a victory.

DENVER (AP) — A second petroleum company said it would shut down and inspect wells after a fatal house explosion near a gas well in Colorado, although investigators have not said whether the well was the cause.

U.S. regulators Friday approved the first targeted drug for certain patients with an aggressive form of leukemia. The Food and Drug Administration approved the drug for adults with acute myeloid leukemia, or AML, who have a genetic mutation called FLT3.

WASHINGTON (AP) — A federal appeals court on Friday left in place a decision blocking Blue Cross-Blue Shield insurer Anthem's bid to buy rival Cigna, saying that a bigger company is not better for consumers.

SPOKANE, Wash. (AP) — Harvesting Washington state's vast fruit orchards each year requires thousands of farmworkers, and many of them work illegally in the United States.

U.S. stocks closed modestly lower Friday, ending just short of another milestone for Wall Street. The Nasdaq composite index narrowly missed its fourth record-high close this week, though all the major indexes still notched weekly gains.

WASHINGTON (AP) — In a blow to environmental groups, a federal appeals court agreed Friday to postpone a ruling on lawsuits that challenge Obama-era limits on carbon emissions.

WASHINGTON (AP) — U.S. Sens. Elizabeth Warren and Bernie Sanders are not happy about reports that former President Barack Obama will be paid $400,000 to speak at a September health care conference put on by the Wall Street firm Cantor Fitzgerald.

SAN FRANCISCO (AP) — Apple is refusing to pay any royalties owed to mobile chip maker Qualcomm for some of the features in the iPhone, escalating a patent feud that has turned the former business partners into bitter adversaries.

WASHINGTON (AP) — Vice President Mike Pence swore in Alex Acosta as the nation's new labor secretary Friday, filling out President Donald Trump's Cabinet as he approaches his 100th day in office.

NEW YORK (AP) — Facebook is acknowledging that governments or other malicious non-state actors are using its social network to influence political sentiment in ways that could affect national elections.

WASHINGTON (AP) — The Latest on an executive order that could lead to expansion of drilling in the Arctic and Atlantic oceans (all times local): 11:40 a.m.

IRVING, Texas (AP) — Exxon more than doubled its profit in the first quarter as rising crude prices magnified the cost cuts made by the company as energy prices tumbled.

WASHINGTON (AP) — Wages and benefits paid to U.S. civilian workers grew steadily in the first three months of the year. The Employment Cost Index, which tracks wages and benefits, was up 0.8 percent in the first quarter, the Labor Department said Friday, That's the biggest quarterly growth since December 2007 and slightly faster than the 0.5 percent growth in the last quarter of 2016.

GENEVA (AP) — Swiss bank UBS has reported a near doubling in its first quarter net profit to 1.3 billion francs ($1.3 billion), as its wealth management and investment banking operations grew.

BERLIN (AP) — Germany's aviation association says the country's airlines have decide to scrap rules requiring two people in the cockpit at the same time, implemented after a Germanwings pilot is believed to have crashed his own plane in France two years ago.

BEIJING (AP) — Global stock markets were subdued Friday amid renewed jitters over North Korea and conflicting signals from President Donald Trump about U.S.

LONDON (AP) — Inflation in the 19-country eurozone is back up at the European Central Bank's targeted level as a strengthening economy helps drive up prices, stoking speculation that the bank could start winding down its stimulus measures sooner than thought.

LONDON (AP) — The Royal Bank of Scotland swung to a profit in the first quarter as the taxpayer-owned bank cut costs and increased lending.

WASHINGTON (AP) — The U.S. economy likely slowed significantly in the first three months of the year, though economists foresee a sharp rebound in the current April-June quarter on the strength of solid job growth, higher consumer confidence and stock-market records.