Wires

  • BOGOTA, Colombia— Venezuela's socialist government has seized nearly 4 million toys from a private company and says it will hand them out as Christmas gifts to poor children this holiday season. The country's fair pricing authority seized the toys Friday from three warehouses run by Kreisel, Venezuela's largest toy distributor. Agency director William...

  • Qatari Energy Minister Mohammed bin Saleh al-Sada, OPEC's president, said Saturday that non-members agreed to cut 558,000 barrels per day, less than the 600,000 barrels a day that OPEC had hoped for. The announcement came after OPEC member states met with Russia and other non- OPEC countries in Vienna for talks on production cuts. The 11 non- OPEC countries taking...

  • BERLIN, Dec 10- European Central Bank policymaker Jens Weidmann has said state involvement in the rescue of Italian banks can't be ruled out, piling further pressure on the Rome government to bail out Monte dei Paschi di Siena. Weidmann, the hawkish president of Germany's Bundesbank, did not mention Monte dei Paschi di Siena, Italy's third-largest bank and the...

  • *Saudis to shoulder largest cuts for OPEC. VIENNA, Dec 10- OPEC and non- OPEC producers on Saturday reached their first deal since 2001 to curtail oil output jointly and ease a global glut after more than two years of low prices that overstretched many budgets and spurred unrest in some countries. The fact that Nigeria and Libya were exempt from the deal due to...

  • VIENNA— Qatar energy minister: Non-OPEC countries agree to cut oil production by 558,000 barrels per day.

  • General Motors plans to recall nearly 50,000 sport utility vehicles made for police departments and other government agencies because of a hazard in the cooling system. The problem affects the 2010 through 2014 models of the Chevrolet Tahoe Police Pursuit SUV. A GM notice sent to government regulators warned that the affected vehicles' cooling fan could...

  • PARIS— The French government has announced an anti-pollution plan, including a financial boost to buy electric vehicles, as Paris and other cities in the country are emerging from a particularly severe episode of air pollution. Environment Minister Segolene Royal said Saturday professionals will get a bonus of up to 10,000 euros if they scrap their old...

  • OMAHA, Neb.— Howard Buffett is planning to step down from the Coca-Cola Co.' s board, so he can spend more time running his foundation that focuses on improving agriculture in the developing world. Howard Buffett continues to oversee a farming operation in Nebraska and Illinois, but he has stepped down from his other corporate boards except for Omaha- based...

  • *Saudis to shoulder largest cuts for OPEC. VIENNA, Dec 10- OPEC and non- OPEC producers on Saturday reached their first deal since 2001 to curtail oil output jointly and ease a global glut after more than two years of low prices that overstretched many budgets and spurred unrest in some countries. The fact that Nigeria and Libya were exempt from the deal due to...

  • HUNTINGTON, Ind.— A full parking lot and 50- hour workweeks belie the anxiety at the United Technologies- owned factory outside a small northeastern Indiana city, where Mike Harmon and co-workers wonder whether they aren't just stockpiling parts for when the company sends their 700 jobs to Mexico. The whole time during the campaign he talked Indianapolis,...

  • VIENNA, Dec 10- Non-OPEC oil producers agreed on Saturday to reduce their output by a combined 562,000 barrels per day as part of a global deal with the Organization of the Petroleum Exporting Countries, two OPEC sources told Reuters.

  • PORTLAND, Maine— FairPoint Communications has struggled with the loss of traditional telephone customers, labor unrest and customer service problems in northern New England. In northern New England, regulators stung by FairPoint's performance when it took over Verizon's landlines will give close scrutiny to details. FairPoint bought Verizon's landline...

  • SAVANNAH, Ga.— Food giant ConAgra faces a court hearing to finalize an $11.2 million settlement— including the largest criminal fine ever in a U.S. food safety case— to resolve federal charges in a salmonella outbreak that sickened hundreds who ate tainted Peter Pan peanut butter. It's been a decade since salmonella that made more than 600 people sick was traced to...

  • The 255- mile-long line would carry gas from Appalachia across northern Ohio and into Michigan and Canada. Most of the high-pressured line would be in Ohio. Federal law gives companies wide latitude to build interstate pipelines, and NEXUS Gas officials say the Federal Energy Regulatory Commission's environmental impact study was a milestone move forward...

  • ROME— With a banking crisis adding urgency, Italy's president was wrapping up political consultations Saturday, including with Parliament's largest party, the Democrats, before picking a replacement for caretaker Premier Matteo Renzi. Included on President Sergio Mattarella's schedule of back-to-back meetings were delegations from the top two...

  • VIENNA— OPEC member states are meeting with Russia and other non- OPEC countries in Vienna for talks about a reduction in oil production. OPEC agreed on Nov. 30 to cut 1.2 million barrels in daily output by its own members in an attempt to raise oil prices that have put pressure on government finances in oil-producing countries including Saudi Arabia.

  • *Venezuela says Mexico to contribute to non- OPEC cuts. VIENNA, Dec 10- Russia and Saudi Arabia said they expect OPEC and non- OPEC producers to reach an agreement on Saturday to curtail oil output and prop up prices in the first such joint move since 2001.. Russian Energy Minister Alexander Novak, speaking as he joined a breakfast with OPEC and non- OPEC ministers in...

  • PRAGUE, Dec 10- Czech Prime Minister Bohuslav Sobotka said in an inteview published on Saturday his party should seek a "tax revolution" focusing mainly on progressive taxation for both individuals and companies. Any such change is possible only after the next general election, scheduled for October 2017. Sobotka's Social Democrats have come second in most of...

  • SOFIA, Bulgaria— A derailed tanker train exploded Saturday and decimated a village in northeastern Bulgaria, killing seven people and leaving least 29 injured, many with severe burns, the Interior Ministry said. Authorities said about 50 buildings in the village of Hitrino were destroyed when containers of gas exploded at 5:40 a.m.. Hitrino Mayor Nuridin...

  • VIENNA, Dec 10- Russia and Saudi Arabia said they expect OPEC and non- OPEC producers to reach an agreement on Saturday to curtail oil output and prop up prices in the first such joint move since 2001.. Russian Energy Minister Alexander Novak, speaking as he joined a breakfast with OPEC and non- OPEC ministers in Vienna, said: "I don't see such risks.