Marcy Gordon, Associated Press | Posted Dec 7th - 12:11pm
Senators questioning the logic of a proposed merger between AT&T and Time Warner turned their focus to the nickels and dimes of the issue, at least as to how the $85.4 billion mega-deal would affect Americans. OK, you say this huge merger will enhance, not quash, competition and benefit consumers. Will it actually reduce prices that consumers pay?
Thomas Beaumont and Josh Boak, Associated Press | Posted Dec 7th - 12:11pm
Iowa Gov. Terry Branstad, the incoming Trump administration's pick for ambassador to China, has long promoted his state's abundant agricultural products to China, but he would be thrust into the middle of increasing talk of a trade war with the United States' largest trading partner.
Vladimir Isachenkov, Associated Press | Posted Dec 7th - 12:01pm
Commodities giant Glencore and Qatar's sovereign wealth fund have together 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), officials said Wednesday.
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.
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.
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.
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.