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Oklahoma business briefs, Oct. 4

Oklahoma business briefs, Oct. 4
Published: October 4, 2012

Window shopping

Musical instrument shop set

Main Street retailer Anty Shanty is opening a sister store called Ampy Shanty, a new business venture that will buy, sell and trade gently used musical equipment. The store also will sell musical accessories like picks, strings and straps made by American companies. A grand opening party is planned starts at 7 p.m. Oct. 12 at the store, 527 E Main St. The free event features refreshments and live music from Penny Hill and Magnificent Bird.

Mall owner wins recognition

Simon Property Group has been honored for its commitment to sustainability by the Carbon Disclosure Project and was the only real estate company ranked on the Carbon Performance Leadership Index. Companies are scored on their climate change disclosure such as the measurement of greenhouse gas emissions and energy use. Simon Property Group, the largest real estate company in the world, owns or has an interest in more than 300 retail real estate properties in North America and Asia, including Penn Square Mall in Oklahoma City.

Store chain plans fundraiser

Kum & Go, which has stores in Tulsa, announced a fundraiser for the Marine Toys for Tots Foundation. For each hot beverage purchased by a customer, the convenience store chain will donate 5 cents. In addition, Kum & Go will donate $1 for each customer who “checks in” at a location through the social media app Foursquare. Last year, the Omaha-based company raised $164,000. The fundraiser runs through Dec. 7.

Some Kraft trades canceled

The Nasdaq is canceling some trades of Kraft Foods Group Inc. following an unusual spike after the market opened. Kraft's shares opened at $45.55 Wednesday before surging to $58.54. The exchange says it is looking into “potentially erroneous transactions” and will cancel all trades above $47.82 that happened during a one-minute window at 9:30 a.m. EDT. The issue comes only days after Kraft Foods and former Kraft snack business Mondelez International began trading as two separate companies. There have been several high-profile trading glitches recently with the increasingly complicated electronic systems that run stock trading. Those systems have shown signs of strain as more traders and big investment firms use powerful computers to execute trades in fractions of a second. Kraft's shares fell 55 cents to end trade at $44.87.

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