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Police: 5 injured in gas explosion at rowing machine company

The Associated Press  |  Posted  Dec 7th - 11:50am

Police say a gas explosion at a Rhode Island company that makes indoor rowing machines has injured five people.

The Latest: Renzi arrives to tender resignation as Italy PM

The Associated Press  |  Posted  Dec 7th - 11:43am

The Latest on the political crisis in Italy (all times local):

Colorado plans crackdown on home pot growers

Kristen Wyatt, Associated Press  |  Posted  Dec 7th - 11:41am

Colorado is hoping to preserve its marijuana law under the next president. So the governor is calling for a slate of legislation designed to crack down on pot that is grown legally but then sold on the black market.

High-dividend stocks push US indexes to record highs

Marley Jay, Associated Press  |  Posted  Dec 7th - 11:41am

U.S. stocks are rallying Wednesday, keeping major indexes at record highs. Bond yields are falling, and investors seeking income are buying stocks that pay large dividends, like real estate investment trusts. Stocks that do better in times of faster economic growth, like technology companies, are also climbing. Health care companies are taking steep losses after President-elect Donald Trump said he wants to reduce drug prices.

Abbott seeks to end buyout deal for Alere

The Associated Press  |  Posted  Dec 7th - 11:32am

Abbott is seeking to terminate its buyout of troubled medical diagnostics maker Alere as that company deals with the fallout of a key device recall and government investigations.

Glencore, Qatari fund buy 19.5 percent in Russia's Rosneft

The Associated Press  |  Posted  Dec 7th - 11:31am

The Kremlin says that a consortium of Glencore and Qatar's sovereign wealth fund has acquired a 19.5-percent stake in Russia's top state-controlled oil company, Rosneft, in a deal worth 10.5 billion euros ($11.3 billion).

Musical celebrating Harold Prince heads to Broadway in 2017

Mark Kennedy, Associated Press  |  Posted  Dec 7th - 11:30am

A musical celebrating the most decorated Tony Award-winner in history will make its Broadway debut next summer.

Kremlin says Glencore, Qatari sovereign wealth fund acquired a 19.5-percent stake in Rosneft in $11 billion deal

The Associated Press  |  Posted  Dec 7th - 11:30am

Kremlin says Glencore, Qatari sovereign wealth fund acquired a 19.5-percent stake in Rosneft in $11 billion deal.

Starbucks to boost number of shops, add more food to menu

Joseph Pisani, Associated Press  |  Posted  Dec 7th - 11:22am

Starbucks, looking to the future as its longtime CEO moves to other projects, plans to open 12,000 new locations within five years to boost its number of coffee shops worldwide by almost 50 percent.

City officials: Congress shortchanging NYC on Trump security

The Associated Press  |  Posted  Dec 7th - 11:20am

New York City's mayor and other Democratic officials say Congress is coming up far too short in proposing to reimburse the city $7 million for protecting Trump Tower. It's a fifth of what New York requested.

The Latest: Illinois manufacturers criticize Exelon law

The Associated Press  |  Posted  Dec 7th - 11:13am

The Latest on Illinois Gov. Bruce Rauner signing nuclear plant legislation on Wednesday (all times local):

Study: 'Obamacare' repeal-only would make 30M uninsured

Ricardo Alonso-Zaldivar, Associated Press  |  Posted  Dec 7th - 11:11am

Repealing President Barack Obama's health care law without a replacement risks making nearly 30 million people uninsured, according to a study released Wednesday.

For Trump: Kinder words for immigrants, one new Cabinet pick

Jonathan Lemire, Associated Press  |  Posted  Dec 7th - 11:11am

Laying new groundwork for his presidency, Donald Trump chose retired Gen. John Kelly Wednesday to head his Homeland Security Department and offered newly sympathetic words for the hundreds of thousands of immigrants who were brought to the U.S. illegally as children.

UK steel jobs safe after multinational commits to plants

Danica Kirka, Associated Press  |  Posted  Dec 7th - 11:01am

A deal between multinational Tata Steel and unions secured some 8,000 jobs across Britain on Wednesday in an agreement that ended months of uncertainty for steelworkers and their families.

Innovation or monopoly? Panel looks at ATT-Time Warner deal

Marcy Gordon, Associated Press  |  Posted  Dec 7th - 11:01am

Senators scrutinizing the proposed merger of AT&T and Time Warner homed in on brass tacks with the companies' CEOs. OK, you say this $85.4 billion mega-deal will enhance, not quash, competition and benefit consumers. Will it actually reduce prices that consumers pay?

Study: 2016 campaign coverage was overwhelmingly negative

David Bauder, Associated Press  |  Posted  Dec 7th - 10:51am

A Harvard University study released Wednesday concludes that media coverage of the 2016 presidential election was topped only by the 2000 Bush-Gore campaign for its overwhelming negativity.

Utah governor releases $16B budget plan for upcoming year

Michelle L. Price, Associated Press  |  Posted  Dec 7th - 10:51am

Gov. Gary Herbert on Wednesday released a $16 billion budget plan for the upcoming year that tries to stem high turnover among prison guards and corrections workers and pay for 10,000 more students in Utah schools.

Britain's finance chief starts overseas tour on Brexit fears

Stuart Graham, Associated Press  |  Posted  Dec 7th - 10:50am

Britain's exit from the European Union will be a "smooth process" that will not disrupt trade patterns with smaller countries, finance chief Philip Hammond said Wednesday as he began an overseas tour to reassure global partners ahead of his nation's planned EU departure.

Democratic states wary as Trump embarks on victory tour

Geoff Mulvihill and Michael R. Blood, Associated Press  |  Posted  Dec 7th - 10:33am

As Donald Trump makes his thank-you tour of states that voted for him, other parts of the country are gearing up to do battle with his administration.