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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.

Dividend-paying stocks pull US indexes up; drugmakers drop

Marley Jay, Associated Press  |  Posted  Dec 7th - 8:54am

U.S. stocks are mostly higher Wednesday, keeping major indexes at record highs. Bond yields are falling, and investors who seek income are buying stocks that pay large dividends, like real estate investment trusts, utilities and phone companies. Pfizer and other large drugmakers are taking steep losses.

Company delays work on controversial Utah tar sands project

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

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

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.

US employers post fewer jobs, though openings stay healthy

Christopher S. Rugaber, Associated Press  |  Posted  Dec 7th - 8:40am

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.

Nobel economics winner Hart worried about Trump's econ plans

David Keyton, Associated Press  |  Posted  Dec 7th - 8:31am

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

Renzi to step down now that Senate OK'd Italy's 2017 budget

Frances D'Emilio, Associated Press  |  Posted  Dec 7th - 8:31am

Italian Premier Matteo Renzi said he would resign Wednesday evening now that Parliament has approved the 2017 national budget, a step required by the nation's president before he would let the leader step down.

Lawmakers wrapping up work, eyeing the exits

Andrew Taylor, Associated Press  |  Posted  Dec 7th - 8:31am

Lawmakers are boosting anti-terror and disaster aid accounts and are greasing the way for retired Gen. James Mattis to be President-elect Donald Trump's secretary of defense as they race toward adjourning the battle-scarred Congress.

2 Abu Dhabi banks to merge into largest Gulf Arab bank

Jon Gambrell, Associated Press  |  Posted  Dec 7th - 8:20am

Stockholders at two Abu Dhabi banks approved a plan Wednesday to merge the firms into the biggest bank of all Gulf Arab countries with assets of $178 billion amid a regional economic slump.

Starbucks to boost number of shops by almost 50 percent

Joseph Pisani, Associated Press  |  Posted  Dec 7th - 8:11am

Starbucks plans to open 12,000 new locations within five years, boosting the total number of its coffee shops worldwide by almost 50 percent.

Houston-bound Southwest flight diverted after pressure loss

The Associated Press  |  Posted  Dec 7th - 8:00am

A Southwest Airlines flight bound for Houston was diverted to Jackson, Mississippi, after a loss in cabin pressure that prompted oxygen masks to deploy.

Irish court orders Russian oligarch's assets unfrozen

Shawn Pogatchnik, Associated Press  |  Posted  Dec 7th - 8:00am

A Dublin judge on Wednesday ordered Irish authorities to unfreeze 100 million euros ($107 million) in cash belonging to an exiled Russian oligarch, ruling that police had provided no evidence that the funds were illegally gained as Russia contends.

The Latest: Renzi says he will resign with budget's passage

The Associated Press  |  Posted  Dec 7th - 7:50am

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

Amid battle with IS, Iraq parliament approves next budget

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

Iraq's parliament has approved next year's budget of about 100.67 trillion Iraqi dinars, or nearly $85.17 billion.

Industrial gas makers Linde, Praxair resume merger talks

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

Industrial gas makers Linde AG and Praxair Inc. are resuming talks about a possible merger that they abandoned in September.

Nigeria, Morocco agree to build natural gas pipeline

Michelle Faul, Associated Press  |  Posted  Dec 7th - 7:20am

Nigeria and Morocco have agreed to build a pipeline to carry Nigerian natural gas to North Africa and Europe in a major initiative to boost energy production across West Africa and create industrial hubs to attract foreign investment, a joint statement said Wednesday.

ECB seen expanding stimulus amid Trump, Italy uncertainties

David McHugh and Pan Pylas, Associated Press  |  Posted  Dec 7th - 7:10am

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 latest policy meeting on Thursday.

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

Danica Kirka, Associated Press  |  Posted  Dec 7th - 6:30am

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.