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.
Marcy Gordon, Associated Press | Posted Dec 7th - 11:01am
Senators scrutinizing the proposed merger of AT&T and Time Warner homed in on brass tacks with the companies' CEOs. OK, you say this $85.4 billion mega-deal will enhance, not quash, competition and benefit consumers. Will it actually reduce prices that consumers pay?
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.
Stuart Graham, Associated Press | Posted Dec 7th - 10:50am
Britain's exit from the European Union will be a "smooth process" that will not disrupt trade patterns with smaller countries, finance chief Philip Hammond said Wednesday as he began an overseas tour to reassure global partners ahead of his nation's planned EU departure.