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Man tied to thefts of $90M in goods gets 7 years in prison

The Associated Press  |  Posted  Dec 5th - 2:51pm

A man linked to heists in several states that yielded about $90 million worth of prescription drugs, cigarettes, cellphones and other goods has been sentenced in Connecticut to seven years in prison.

ConocoPhillips and Fairpoint rise; Dominion falls

The Associated Press  |  Posted  Dec 5th - 2:51pm

Stocks that moved substantially or traded heavily on Monday:

Power line to link Canada, New England gets key US permit

The Associated Press  |  Posted  Dec 5th - 2:51pm

A power line planned to run under Lake Champlain and link suppliers in Canada with consumers in southern New England has won a key federal permit.

The Latest: Biden warns fiscal plans reminiscent of 2008

The Associated Press  |  Posted  Dec 5th - 2:51pm

The Latest on President-elect Donald Trump (all times EST):

Bank stocks help Dow to another record; tech stocks recover

Marley Jay, Associated Press  |  Posted  Dec 5th - 2:43pm

U.S. stocks resumed their climb Monday as investors bought stocks that stand to benefit from economic growth, like banks, as well as technology companies, which have been mostly left out of a post-election rally. The Dow Jones industrial set another record high.

Senate nears final votes on bill speeding federal drug OKs

Alan Fram and Andrew Taylor, Associated Press  |  Posted  Dec 5th - 2:31pm

The Senate moved Monday toward removing the last hurdles to legislation bolstering disease research and simplifying the government's pathway for pharmaceutical and medical device approvals as a Congress marked by frequent battles with President Barack Obama prepared to close out its business with a bipartisan accord.

Report: Train carrying BMWs derails; 97 automobiles damaged

The Associated Press  |  Posted  Dec 5th - 2:22pm

Authorities say a train carrying BMWs from an automaking plant in South Carolina has derailed and that 97 of the vehicles were damaged.

Greece gets short-term debt relief from eurozone

Pan Pylas, Associated Press  |  Posted  Dec 5th - 2:13pm

Greece won some short-term debt relief from European creditors on Monday even though it failed to clear the latest hurdle in its bailout program that has prevented the country going bankrupt and crashing out of the euro.

Renzi told to stay put a bit more; foes press for vote

Frances D'Emilio, Associated Press  |  Posted  Dec 5th - 2:12pm

Calls mounted rapidly Monday from populist and other opposition leaders for quick elections in Italy, seeking to capitalize on Premier Matteo Renzi's humiliating defeat in a referendum on government-championed reforms.

Grain mostly higher,ivestock mixed

The Associated Press  |  Posted  Dec 5th - 2:12pm

Grain futures were mixed Monday on the Chicago Board of Trade.

Markets Right Now: Dow notches another record high close

The Associated Press  |  Posted  Dec 5th - 2:10pm

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

St. Louis-area businessman faces federal kidnapping charge

The Associated Press  |  Posted  Dec 5th - 2:03pm

A St. Louis-area businessman and three other men face kidnapping charges after authorities say they kept a man at a house over three days and threatened and beat him before releasing him when his parents paid about $27,000 in ransom money, court documents show.

Trump not saying what he'll do about Dakota Access pipeline

James MacPherson and Blake Nicholson, Associated Press  |  Posted  Dec 5th - 2:00pm

Industry leaders are urging President-elect Donald Trump to make approval of the disputed Dakota Access oil pipeline a "top priority" when he takes office next month, while opponents who have protested the project for months are vowing to stay put on their sprawling North Dakota encampment despite harsh winter weather and a tribal leaders' call to leave.

2 doors of Wal-Mart founder's first store donated to museums

The Associated Press  |  Posted  Dec 5th - 1:30pm

Two doors from the first store owned by Wal-Mart founder Sam Walton have been donated to the Smithsonian's National Museum of American History in Washington and The Wal-Mart Museum in Bentonville, Arkansas.

Winter menaces N. Dakota camp as pipeline protesters dig in

James MacPherson, Associated Press  |  Posted  Dec 5th - 1:30pm

So far, the hundreds of protesters fighting the Dakota Access pipeline have shrugged off the heavy snow, icy winds and frigid temperatures that have swirled around their large encampment on the North Dakota grasslands.

Cereal maker General Mills to cut as many as 600 jobs

The Associated Press  |  Posted  Dec 5th - 1:21pm

General Mills, which has been struggling with weaker sales for its cereal and yogurt, plans to cut between 400 and 600 jobs around the world as it restructures its business.

Bank of England chief: Prosperity must be better distributed

Danica Kirka, Associated Press  |  Posted  Dec 5th - 1:01pm

Bank of England Governor Mark Carney has warned that governments and industry must do their part to spur growth and ensure that prosperity is more equally distributed to counter a rising tide of insecurity and anxiety.

Pennsylvania district attorney's office is hit by cybercrime

Joe Mandak, Associated Press  |  Posted  Dec 5th - 12:52pm

A Pennsylvania prosecutor's office and two businesses were among hundreds of thousands of victims of an international cybercrime operation disabled by federal authorities and the European Union last week.

Trump taps former campaign rival Carson as housing secretary

Jonathan Lemire and Julie Pace, Associated Press  |  Posted  Dec 5th - 12:50pm

President-elect Donald Trump, moving closer to filling his Cabinet, chose former campaign rival Ben Carson on Monday to be secretary of the Department of Housing and Urban Development.