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

The Associated Press  |  Posted  Dec 7th - 3:03pm

Wendy's shares rose nearly 5 percent after Trian Fund Management increased its stake in the burger chain.

Private university graduate students begin unionization vote

Karen Matthews, Associated Press  |  Posted  Dec 7th - 3:01pm

Columbia University graduate students, who helped lead a nationwide fight over the labor rights of teaching and research assistants on college campuses, began voting Wednesday on whether to form a union affiliated with the United Auto Workers.

Trump chooses former WWE exec McMahon for small business

Susan Haigh and Julie Bykowicz, Associated Press  |  Posted  Dec 7th - 3:01pm

President-elect Donald Trump is adding former wrestling executive Linda McMahon to his Cabinet as leader of the Small Business Administration.

Brooke Shields' gift list sweetens sales for Vermont syrup

Lisa Rathke, Associated Press  |  Posted  Dec 7th - 2:52pm

Brooke Shields' gift list is sweetening a Vermont family farm's sale of maple syrup.

Prologis and Western Digital climb; Pfizer skids

The Associated Press  |  Posted  Dec 7th - 2:52pm

Stocks that moved substantially or traded heavily Wednesday:

Dissidents urge Trump to press China on human rights

Matthew Pennington, Associated Press  |  Posted  Dec 7th - 2:52pm

Exiled Chinese dissidents on Wednesday urged President-elect Donald Trump to champion human rights in China and recognize self-governing Taiwan as "a full democratic country."

A broad rally drives Dow, S&P 500 indexes to record highs

Marley Jay, Associated Press  |  Posted  Dec 7th - 2:45pm

The Dow Jones industrial average and Standard & Poor's 500 indexes soared to their biggest gains since the presidential election on Wednesday and set all-time highs. Investors bought stocks that do well in times of faster economic growth, like technology and industrial companies, but they also snapped up stocks that pay large dividends.

Dallas proposes reducing features of police and fire pension

Claudia Lauer, Associated Press  |  Posted  Dec 7th - 2:41pm

The Dallas City Council heard the city's plan to fix the ailing Dallas Police and Fire Pension plan Wednesday, including a proposal to reduce benefit checks for the members who have withdrawn more than $500 million in deferred retirement funds since August.

EU official hopeful for trade deal under Trump presidency

The Associated Press  |  Posted  Dec 7th - 2:41pm

A senior European Union official is expressing hope that the new U.S. presidential administration will continue talks on a comprehensive free trade agreement with Europe.

2 Hamas militants killed in tunnel collapse

The Associated Press  |  Posted  Dec 7th - 2:30pm

The Islamic militant group Hamas that rules Gaza says two of its members were killed when a military tunnel they were working on collapsed in the territory near the border with Israel.

Officials outline steps for resolving Guard bonus scandal

Richard Lardner, Associated Press  |  Posted  Dec 7th - 2:30pm

Senior U.S. military officials sought to assure a House oversight panel Wednesday that they're taking aggressive steps to ensure that thousands of soldiers who received enlistment bonuses and served in combat won't be forced to return the money.

Packaged seafood company exec charged in price-fixing probe

Eric Tucker, Associated Press  |  Posted  Dec 7th - 2:21pm

An executive at a packaged seafood company has agreed to plead guilty in a price-fixing conspiracy, federal prosecutors said Wednesday.

Democrats: Congress stiffing city on Trump Tower security

The Associated Press  |  Posted  Dec 7th - 2:12pm

The mayor and other Democratic officials said on Wednesday that Congress was proposing to pitch in far too little for protecting Trump Tower: $7 million, a fifth of what the city requested.

Markets Right Now: Dow, S&P 500 surge to record high closes

The Associated Press  |  Posted  Dec 7th - 2:11pm

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

Congress approves biomedical bill as leaders eye adjournment

Alan Fram and Andrew Taylor, Associated Press  |  Posted  Dec 7th - 1:52pm

With an atypical burst of bipartisanship, the Senate shipped legislation to President Barack Obama on Wednesday lowering hurdles for government drug approvals as the 114th Congress bumped toward the end of a two-year run highlighted by upheaval and stalemate.

Grain mixed,livestock mixed

The Associated Press  |  Posted  Dec 7th - 1:51pm

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

Utah governor releases $16B budget plan for upcoming year

Michelle L. Price, Associated Press  |  Posted  Dec 7th - 1:41pm

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.

Venezuela unveils 6 new bills amid galloping inflation

Hannah Dreier, Associated Press  |  Posted  Dec 7th - 1:41pm

Venezuela has unveiled six new bills set to go into circulation next week.

2 burned in gas blast at company that makes rowing machines

The Associated Press  |  Posted  Dec 7th - 1:41pm

A gas explosion at a Rhode Island company that makes indoor rowing machines has left two people with burns.

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

Ricardo Alonso-Zaldivar, Associated Press  |  Posted  Dec 7th - 1:39pm

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