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Energy company plans to close Michigan nuclear plant in 2018

The Associated Press  |  Posted  Dec 8th - 8:11am

An energy company announced plans Thursday to permanently close the Palisades nuclear power plant in southwestern Michigan in 2018, which could mean hundreds of job cuts for a major employer in the region if regulators approve the closure.

US indexes back away from record highs in early trading

Marley Jay, Associated Press  |  Posted  Dec 8th - 8:11am

US stocks are edging mostly lower in early trading Thursday as major indexes back away from record high levels. Gains in banks and technology shares were outweighed by losses in other sectors including health care and industrial stocks. Bond yields climbed, which sent high-dividend stocks lower.

Trump's choice for top China diplomat has long ties to Xi

Thomas Beaumont and Matthew Pennington, Associated Press  |  Posted  Dec 8th - 8:11am

It may seem odd for the governor of a lightly populated agricultural state to be chosen as U.S. ambassador to China, especially amid escalating talk of a trade war with the major U.S. trading partner.

Rollback of truck safety rules may be just the beginning

Joan Lowy and David Dishneau, Associated Press  |  Posted  Dec 8th - 8:00am

The trucking industry scored a victory this week when Republican lawmakers effectively blocked Obama administration safety rules aimed at keeping tired truckers off the highway. But there's more coming down the road.

Looking behind the deal: Russia sells part of its oil giant

Nataliya Vasilyeva, Associated Press  |  Posted  Dec 8th - 7:50am

A surprise decision by Russia to sell a fifth of its state-controlled oil company to, among others, a Swiss company has raised questions about the impact of Western sanctions and who is behind the deal.

Markets Right Now: Slight gains keep Dow, S&P 500 at records

The Associated Press  |  Posted  Dec 8th - 7:41am

The latest on developments in financial markets (All times local):

EU starts legal action against 4 states over VW emissions

The Associated Press  |  Posted  Dec 8th - 7:40am

The European Union is starting legal action against Britain, Germany, Spain and Luxembourg for not imposing penalties against Volkswagen for using illegal software to hide vehicle emissions.

Turkey's president renounces US dollar in bid to boost lira

Associated Press  |  Posted  Dec 8th - 7:30am

Turkey's President Recep Tayyip Erdogan has renounced the dollar in favor of the ailing Turkish lira in keeping with his appeal to Turkish citizens to do the same.

The Latest: ECB chief sees potential turmoil from elections

The Associated Press  |  Posted  Dec 8th - 7:30am

The Latest on the European Central Bank's policy meeting (all times local):

Union president Jones challenges Trump on Carrier

The Associated Press  |  Posted  Dec 8th - 7:30am

The union president slammed by Donald Trump on Twitter challenged the president-elect Thursday to back up his claim that a deal to discourage Carrier Corp. from closing an Indiana factory would save 1,100 American jobs.

European Central Bank adds half a trillion euros in stimulus

David McHugh, Associated Press  |  Posted  Dec 8th - 7:20am

The European Central Bank is adding half a trillion euros ($579 billion) in stimulus to the eurozone economy to support growth as Europe heads into what could be a tumultuous election year.

Claims for US unemployment aid slide again

Paul Wiseman, Associated Press  |  Posted  Dec 8th - 7:00am

Fewer Americans signed up for unemployment benefits last week, another sign the U.S. job market remains healthy.

Hyundai recalls minivans; hoods can fly open while moving

The Associated Press  |  Posted  Dec 8th - 6:43am

Hyundai is recalling more than 41,000 older minivans because the hoods can fly open while they're being driven.

Strikes, anti-austerity rallies held across Greece

Derek Gatopoulos and Elena Becatoros, Associated Press  |  Posted  Dec 8th - 6:33am

A nationwide strike in Greece against spending cuts disrupted public transport, state-run schools, ferries and national rail services Thursday, and left public hospitals running with emergency staff.

Trump chooses former WWE exec McMahon for small business

Susan Haigh and Julie Bykowicz, Associated Press  |  Posted  Dec 8th - 6:22am

President-elect Donald Trump is naming former wrestling executive Linda McMahon to lead the Small Business Administration.

Brexit dominates UK politics, from Supreme Court to Commons

Jill Lawless, Associated Press  |  Posted  Dec 8th - 6:20am

The drama of Britain's exit from the European Union was being acted out this week on two of London's grandest stages — the Supreme Court and the House of Commons chamber. The plot is gripping, but the ending is still a mystery.

Pirates preying on Venezuelan fishermen as industry unravels

Hannah Dreier, Associated Press  |  Posted  Dec 8th - 6:10am

The pirates had killed Flaco Marval's brother and two cousins, and word was they were coming for the rest of the family.

Pakistan opens probe into deadly plane crash that killed 47

Asif Shahzad and Munir Ahmed, Associated Press  |  Posted  Dec 8th - 6:00am

Pakistani military helicopters on Thursday ferried remains of plane crash victims to the capital, Islamabad, as aviation authorities said they opened a probe into the crash that killed 47 passengers and crew the day before in the country's northwest.

Egypt president says his economic reforms are no 'picnic'

Maggie Michael, Associated Press  |  Posted  Dec 8th - 5:51am

The Egyptian president defended on Thursday the tough economic measures undertaken by his government, saying there was no other alternative in the face of the country's deteriorating economy.