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Gold, silver gain

The Associated Press  |  Posted  Dec 7th - 1:31pm

The December gold contract on the New York Mercantile Exchange closed today at $1,175.00 an ounce, up $7.40.

Consumers boost borrowing $16 billion in October

Martin Crutsinger, Associated Press  |  Posted  Dec 7th - 1:31pm

Consumers increased their borrowing in October at the slowest pace in four months as growth in credit card debt and the category that covers auto loans and student loans slowed.

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

Vladimir Isachenkov, Associated Press  |  Posted  Dec 7th - 1:22pm

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.

Venezuela unveils 6 new bills amid galloping inflation

Hannah Dreier, Associated Press  |  Posted  Dec 7th - 1:21pm

Venezuela has unveiled six new bills set to go into circulation next week.

Playworld recalls 1,300 slides because of hazard

The Associated Press  |  Posted  Dec 7th - 1:21pm

Playworld Systems Inc. is recalling 1,300 slides that are used in school and municipal playgrounds after a defect caused two finger amputations in children.

Dakota Access pipeline company fighting small state fine

Blake Nicholson, Associated Press  |  Posted  Dec 7th - 1:21pm

The company building the Dakota Access oil pipeline is fighting North Dakota regulators' efforts to impose a fine of at least $15,000 after working on land where Native American artifacts were found without running it by the commission that oversees pipelines.

Brooke Shields' gift list sweetens sales for Vermont syrup

Lisa Rathke, Associated Press  |  Posted  Dec 7th - 1:13pm

Brooke Shields' gift list is sweetening a Vermont family farm's sale of maple syrup.

Packaged seafood company exec charged in price-fixing probe

Eric Tucker, Associated Press  |  Posted  Dec 7th - 1:12pm

The Justice Department says an executive at a packaged seafood company has agreed to plead guilty in a price-fixing conspiracy.

Jimmy John's agrees to end non-compete deals in Illinois

The Associated Press  |  Posted  Dec 7th - 1:11pm

Illinois Attorney General Lisa Madigan says the Jimmy John's sandwich chain has agreed to stop requiring low-level employees to sign agreements preventing them from seeking jobs with competitors.

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

Joseph Pisani, Associated Press  |  Posted  Dec 7th - 1:11pm

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.

Dallas proposes reducing features of police and fire pension

The Associated Press  |  Posted  Dec 7th - 1:11pm

Dallas' chief financial officer says the city's proposed plan to fix the ailing police and fire pension will include cutting some of the more generous features members elected to grant themselves.

Duke Energy discussing compensation for coal ash neighbors

Emery P. Dalesio, Associated Press  |  Posted  Dec 7th - 1:03pm

Duke Energy said Wednesday it is negotiating compensation for depressed property values or a future with municipal water bills with the neighbors of coal ash pits, who fear the unlined storage basins have polluted their water wells.

Congress approves biomedical bill as leaders eye adjournment

Andrew Taylor, Associated Press  |  Posted  Dec 7th - 12:51pm

Congress sent President Barack Obama bipartisan legislation Wednesday to beef up research on cancer and other diseases, battle drug abuse and speed government approvals of pharmaceuticals and medical devices.

Softbank tycoon who met with Trump is Japan's deal maker

Elaine Kurtenbach, Associated Press  |  Posted  Dec 7th - 12:50pm

Japanese billionaire Masayoshi Son, who met with President-elect Donald Trump and then announced plans to create 50,000 jobs and invest $50 billion in U.S. startups, has been one of Japan's most aggressive overseas investors for over two decades. He's getting an early start on deal-making with the future president.

The Latest: 'Clean jobs' group applauds Rauner on Exelon

The Associated Press  |  Posted  Dec 7th - 12:44pm

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

City officials: Congress shortchanging NYC on Trump security

The Associated Press  |  Posted  Dec 7th - 12:41pm

New York City's mayor and other Democratic officials said Wednesday that Congress was proposing to pitch in far too little for protecting Trump Tower: $7 million, a fifth of what New York requested.

Broad rally takes US indexes back above record highs

Marley Jay, Associated Press  |  Posted  Dec 7th - 12:34pm

Stocks are leaping to all-time highs in a broad rally Wednesday afternoon. Investors are seeking out stocks that pay large dividends as well stocks that tend to do better in times of faster economic growth, like technology and industrial companies. Drug companies are taking steep losses after President-elect Donald Trump said he wants to reduce drug prices.

Congress OKs bill speeding federal drug approvals, mapping $6.3 billion for biomedical research, battling drug addiction

The Associated Press  |  Posted  Dec 7th - 12:31pm

Congress OKs bill speeding federal drug approvals, mapping $6.3 billion for biomedical research, battling drug addiction.

The Latest: Renzi asked to stay on as caretaker PM

The Associated Press  |  Posted  Dec 7th - 12:12pm

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

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

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?