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

The Associated Press  |  Posted  Dec 7th - 11:31am

The Kremlin says that a consortium of Glencore and Qatar's sovereign wealth fund has 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).

Musical celebrating Harold Prince heads to Broadway in 2017

Mark Kennedy, Associated Press  |  Posted  Dec 7th - 11:30am

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

Kremlin says Glencore, Qatari sovereign wealth fund acquired a 19.5-percent stake in Rosneft in $11 billion deal

The Associated Press  |  Posted  Dec 7th - 11:30am

Kremlin says Glencore, Qatari sovereign wealth fund acquired a 19.5-percent stake in Rosneft in $11 billion deal.

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

Joseph Pisani, Associated Press  |  Posted  Dec 7th - 11:22am

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.

City officials: Congress shortchanging NYC on Trump security

The Associated Press  |  Posted  Dec 7th - 11:20am

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.

The Latest: Illinois manufacturers criticize Exelon law

The Associated Press  |  Posted  Dec 7th - 11:13am

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

Study: 'Obamacare' repeal-only would make 30M uninsured

Ricardo Alonso-Zaldivar, Associated Press  |  Posted  Dec 7th - 11:11am

Repealing President Barack Obama's health care law without a replacement risks making nearly 30 million people uninsured, according to a study released Wednesday.

For Trump: Kinder words for immigrants, one new Cabinet pick

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.

UK steel jobs safe after multinational commits to plants

Danica Kirka, Associated Press  |  Posted  Dec 7th - 11:01am

A deal between multinational Tata Steel and unions secured some 8,000 jobs across Britain on Wednesday in an agreement that ended months of uncertainty for steelworkers and their families.

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

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?

The Latest: Renzi says not afraid of new elections in Italy

The Associated Press  |  Posted  Dec 7th - 10:53am

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

Study: 2016 campaign coverage was overwhelmingly negative

David Bauder, Associated Press  |  Posted  Dec 7th - 10:51am

A Harvard University study released Wednesday concludes that media coverage of the 2016 presidential election was topped only by the 2000 Bush-Gore campaign for its overwhelming negativity.

Utah governor releases $16B budget plan for upcoming year

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.

Britain's finance chief starts overseas tour on Brexit fears

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.

Illinois Gov. Rauner signs bill sparing 2 nuclear plants

John O'Connor, Associated Press  |  Posted  Dec 7th - 10:41am

Illinois Gov. Bruce Rauner has approved a plan providing billions of dollars in subsidies to Exelon Corp. to keep two unprofitable nuclear plants from closing prematurely.

Democratic states wary as Trump embarks on victory tour

Geoff Mulvihill and Michael R. Blood, Associated Press  |  Posted  Dec 7th - 10:33am

As Donald Trump makes his thank-you tour of states that voted for him, other parts of the country are gearing up to do battle with his administration.

US employers post fewer jobs, though openings stay healthy

Christopher S. Rugaber, Associated Press  |  Posted  Dec 7th - 10:32am

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.

Trian, hungry for more, takes a bigger bite of Wendy's

The Associated Press  |  Posted  Dec 7th - 10:31am

Wendy's shares are up almost 4 percent after Trian Fund Management increased its stake in the burger chain.

Money-laundering monitor says Switzerland has work to do

The Associated Press  |  Posted  Dec 7th - 10:31am

Switzerland has achieved "good results" in fighting money laundering and terrorism financing, but should strengthen its compliance controls, boost scrutiny on the use of cash and share information more with foreign authorities, a leading watchdog said Wednesday.