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Dividend-paying stocks pull US indexes up; drugmakers dive

Marley Jay, Associated Press  |  Posted  Dec 7th - 10:01am

U.S. stocks are moving higher 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, utilities and phone companies. Health care companies are taking steep losses after President-elect Donald Trump said he wants to reduce drug prices.

Illinois governor to sign bill to spare 2 nuclear plants

The Associated Press  |  Posted  Dec 7th - 10:01am

Illinois Gov. Bruce Rauner is set Wednesday to sign legislation that provides billions of dollars in subsidies to Exelon Corp. so the power giant can keep unprofitable nuclear plants running in the state.

Musical celebrating Harold Prince heads to Broadway in 2017

Mark Kennedy, Associated Press  |  Posted  Dec 7th - 10:01am

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

German companies pull advertising from US website Breitbart

The Associated Press  |  Posted  Dec 7th - 10:01am

Several large German companies, including carmaker BMW, have pulled their ads from U.S.-based news and opinion website Breitbart due to concerns about its content, following a similar move by cereal maker Kellogg's.

The Latest: Rauner signs Exelon nuclear plant legislation

The Associated Press  |  Posted  Dec 7th - 10:01am

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

Markets Right Now: Stocks edge up; Dow, S&P 500 at records

The Associated Press  |  Posted  Dec 7th - 10:01am

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

6 ways to keep phone charges low during international travel

Anick Jesdanun, Associated Press  |  Posted  Dec 7th - 10:00am

It's a sure-fire way to dampen the holiday cheers: Spend a week on a dream vacation abroad, then come back to find an additional several hundred dollars on your cellphone bill.

Company delays work on controversial Utah tar sands project

The Associated Press  |  Posted  Dec 7th - 9:54am

A Canadian company is delaying the startup of its oil sands mining operation in eastern Utah.

Posters for white supremacist group found at Emerson College

The Associated Press  |  Posted  Dec 7th - 9:54am

Emerson College in Boston is investigating after posters promoting a white supremacist group were found on two campus buildings.

UK steel jobs safe after multinational commits to plants

Danica Kirka, Associated Press  |  Posted  Dec 7th - 9:33am

Over 4,000 jobs that were at risk at a steel plant in Port Talbot, Wales, have been secured after unions got a commitment from multinational Tata Steel to keep production there.

UPDATED

Pfizer fined for hiking epilepsy drug price 2,600% in UK

Danica Kirka, Associated Press  |  Posted  Dec 7th - 9:28am

British regulators fined U.S. drugmaker Pfizer and distributor Flynn Pharma a record 89.4 million pounds ($112.7 million) Wednesday for increasing the cost of an epilepsy drug by as much as 2,600 percent.

Nobel economics winner Hart worried about Trump's econ plans

David Keyton, Associated Press  |  Posted  Dec 7th - 9:20am

Nobel economics prize laureate Oliver Hart says he's not impressed by President-elect Donald Trump's plans for the U.S. economy.

Trump teases State Dept. search, says Romney still in mix

Jonathan Lemire, Associated Press  |  Posted  Dec 7th - 9:20am

Now Person of the Year as well as president-elect, Donald Trump said Wednesday he expects to select his secretary of state next week and former rival Mitt Romney still has a chance to win the post.

ECB seen expanding stimulus amid Trump, Italy uncertainties

David McHugh and Pan Pylas, Associated Press  |  Posted  Dec 7th - 9:14am

Faced with weak growth and inflation across the 19-country eurozone, the European Central Bank is expected to extend its stimulus program for at least another six months when it concludes its policy meeting Thursday.

US employers post fewer jobs, though openings stay healthy

Christopher S. Rugaber, Associated Press  |  Posted  Dec 7th - 9:11am

U.S. employers posted fewer jobs in October than the previous month, but job openings are still at a mostly healthy level that points to steady hiring ahead.

Grain lower, livestock mixed

The Associated Press  |  Posted  Dec 7th - 9:01am

Grain futures were lower Wednesday in early trading on the Chicago Board of Trade.

Grain lower, livestock mixed

The Associated Press  |  Posted  Dec 7th - 9:01am

Grain futures were lower Wednesday in early trading on the Chicago Board of Trade.

Innovation or monopoly? AT&T, Time Warner CEOs defend deal

Marcy Gordon, Associated Press  |  Posted  Dec 7th - 9:01am

The CEOs of AT&T and Time Warner told Congress that the merger of the two media and communications giants will benefit Americans and boost competition in cable, rather than quash it.

OSHA: 2nd person dies after Alabama pipeline explosion

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

Officials say a second worker injured in the Oct. 31 explosion of a major gasoline pipeline in Alabama has died.