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Glencore, Qatari fund finalize deal to acquire Rosneft stake

Vladimir Isachenkov, Associated Press  |  Posted  Dec 10th - 1:51pm

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.

Sri Lanka fires warning shots to halt dock workers' protest

Bharatha Mallawarachi, Associated Press  |  Posted  Dec 10th - 1:10pm

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.

Northeast Ohio gas pipeline opponents vow to delay project

Mark Gillispie, Associated Press  |  Posted  Dec 10th - 12:40pm

Northeast Ohio residents who have tried to get a natural gas pipeline moved away from their communities are vowing to engage in delay tactics after a federal agency dismissed their suggested alternate routes.

Non-OPEC oil producers to cut output 558,000 barrels a day

Kiyoko Metzler and Philipp-Moritz Jenne, Associated Press  |  Posted  Dec 10th - 12:20pm

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.

Utah deal on taxes to give Amazon standard vendor discount

The Associated Press  |  Posted  Dec 10th - 12:00pm

A negotiated deal will allow Amazon.com to keep 1.31 percent of the Utah sales taxes it will begin collecting from its Utah customers in January.

Venezuela seizes nearly 4M toys, will give them to poor kids

The Associated Press  |  Posted  Dec 10th - 11:50am

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.

Schwarzenegger: OK Trump is still 'Apprentice' producer

Marcela Isaza, Associated Press  |  Posted  Dec 10th - 11:41am

Arnold Schwarzenegger, star of the new version of "Celebrity Apprentice," is unfazed that President-elect Donald Trump has retained a producer's stake in the show.

Non-OPEC oil producers to cut output 558,000 barrels a day

Associated Press  |  Posted  Dec 10th - 10:50am

OPEC has persuaded 11 non-member countries to cut their oil production in an attempt to raise low prices that have put pressure on government finances in resource-dependent countries.

Qatar energy minister: Non-OPEC countries agree to cut oil production by 558,000 barrels per day

The Associated Press  |  Posted  Dec 10th - 10:40am

Qatar energy minister: Non-OPEC countries agree to cut oil production by 558,000 barrels per day.

7 killed, 29 injured in Bulgarian tanker train explosion

Veselin Toshkov, Associated Press  |  Posted  Dec 10th - 10:40am

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.

France gives boost to electric vehicles amid pollution peaks

The Associated Press  |  Posted  Dec 10th - 9:30am

The French government has announced an anti-pollution plan, including a financial boost to buy electric vehicles, as Paris and other cities in the country are emerging from a particularly severe episode of air pollution.

Howard Buffett leaving Coke board to focus on philanthropy

The Associated Press  |  Posted  Dec 10th - 9:00am

Howard Buffett is planning to step down from the Coca-Cola Co.'s board, so he can spend more time running his foundation that focuses on improving agriculture in the developing world.

What the 114th Congress did and didn't do

Mary Clare Jalonick, Associated Press  |  Posted  Dec 10th - 8:59am

Congress wrapped up the 114th session early Saturday, a tumultuous two years marked by the resignation of a House speaker, a fight over a Supreme Court vacancy, bipartisan bills on health care and education and inaction on immigration and criminal justice. The new Congress will be sworn-in Jan. 3.

ConAgra to finalize plea deal in tainted peanut butter case

Russ Bynum, Associated Press  |  Posted  Dec 10th - 8:50am

Food giant ConAgra faces a court hearing to finalize an $11.2 million settlement — including the largest criminal fine ever in a U.S. food safety case — to resolve federal charges in a salmonella outbreak that sickened hundreds who ate tainted Peter Pan peanut butter.

Advocates: Revamp Texas adoption care after mistreated teens

David Warren, Associated Press  |  Posted  Dec 10th - 8:32am

Advocates say the child-protection system in Texas should be revamped to better monitor adoptions and prevent a reoccurrence of the seven special-needs children found near Houston isolated and living in filthy conditions.

Greek ferry workers end 9-day strike

The Associated Press  |  Posted  Dec 10th - 4:30am

Greek ferry workers have ended a nine-day strike, saying they did not wish to disrupt the holiday season, but promised to resume action if the government did not back off tax hikes for ferry workers.

Shutdown averted, Senate backs stop-gap spending bill

Andrew Taylor and Matthew Daly, Associated Press  |  Posted  Dec 10th - 1:30am

With less than hour to spare, the Senate late Friday backed legislation averting a government shutdown as coal-state Democrats retreated on long-term health care benefits for retired miners and promised a renewed fight for the working class next year.

Trump deepens Goldman ties as he builds out economic team

Julie Pace, Associated Press  |  Posted  Dec 10th - 12:41am

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.

GOP's 'Obamacare' repeal path worries health care industry

Ricardo Alonso-Zaldivar, Associated Press  |  Posted  Dec 10th - 12:41am

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.