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February 17, 2017 06:56 AM

Friday Morning Business Markets - February 17

Tokyo (AP)

International stock markets slipped today following a drop on Wall Street as the stronger dollar sent Japanese issues lower and the arrest of an executive at Samsung weighed on Korean stocks. Futures point to slight declines as Wall Street opens this morning. Benchmark U.S. crude oil rose slightly but remained just below $53.50 a barrel. The dollar weakened against the yen and the euro.

TOKYO (AP) - Robot probes sent to one of Japan's wrecked Fukushima nuclear reactors have suggested worse-than-anticipated challenges for the plant's ongoing cleanup. The plant's operator Tokyo Electric Power Co. said the remote-controlled "scorpion" robot was sent into the Unit 2 reactor's containment vessel Thursday to investigate the area around the core that had melted six years ago, but its crawling function failed while climbing over highly radioactive debris.

SEOUL, South Korea (AP) - A South Korean court today approved the arrest of a billionaire heir to Samsung accused of bribery and other charges in connection to a massive corruption scandal, a stunning decline for the princeling of South Korea's richest family. The arrest of Samsung's de facto leader will likely shock the business community and cheer the critics of chaebol, the South Korean family-controlled business conglomerates that dominate the economy.

WASHINGTON (AP) - The tea party wing of the GOP now has a voice in President Donald Trump's Cabinet. Mick Mulvaney was sworn in as director of the White House budget office by Vice President Mike Pence. Pence praised Mulvaney's "extraordinary record" and said he "couldn't be more enthusiastic" about Trump's decision to choose him.

WASHINGTON (AP) - President Donald Trump has named law school dean Alexander Acosta as his new choice for labor secretary, a day after Andrew Puzder abruptly withdrew from consideration. If confirmed by the Senate, Acosta would be the first Hispanic member of Trump's Cabinet.
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