Vladimir Isachenkov, Associated Press | Posted Dec 7th - 1:22pm
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.
Blake Nicholson, Associated Press | Posted Dec 7th - 1:21pm
The company building the Dakota Access oil pipeline is fighting North Dakota regulators' efforts to impose a fine of at least $15,000 after working on land where Native American artifacts were found without running it by the commission that oversees pipelines.
Emery P. Dalesio, Associated Press | Posted Dec 7th - 1:03pm
Duke Energy said Wednesday it is negotiating compensation for depressed property values or a future with municipal water bills with the neighbors of coal ash pits, who fear the unlined storage basins have polluted their water wells.
Andrew Taylor, Associated Press | Posted Dec 7th - 12:51pm
Congress sent President Barack Obama bipartisan legislation Wednesday to beef up research on cancer and other diseases, battle drug abuse and speed government approvals of pharmaceuticals and medical devices.
Elaine Kurtenbach, Associated Press | Posted Dec 7th - 12:50pm
Japanese billionaire Masayoshi Son, who met with President-elect Donald Trump and then announced plans to create 50,000 jobs and invest $50 billion in U.S. startups, has been one of Japan's most aggressive overseas investors for over two decades. He's getting an early start on deal-making with the future president.
Marley Jay, Associated Press | Posted Dec 7th - 12:34pm
Stocks are leaping to all-time highs in a broad rally Wednesday afternoon. Investors are seeking out stocks that pay large dividends as well stocks that tend to do better in times of faster economic growth, like technology and industrial companies. Drug companies are taking steep losses after President-elect Donald Trump said he wants to reduce drug prices.
Marcy Gordon, Associated Press | Posted Dec 7th - 12:11pm
Senators questioning the logic of a proposed merger between AT&T and Time Warner turned their focus to the nickels and dimes of the issue, at least as to how the $85.4 billion mega-deal would affect Americans. OK, you say this huge merger will enhance, not quash, competition and benefit consumers. Will it actually reduce prices that consumers pay?