Business Highlights

Published on NewsOK Modified: April 11, 2014 at 5:30 pm •  Published: April 11, 2014
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4 years after spill, questions on long-term health

CHALMETTE, La. (AP) — When a BP oil well began gushing crude into the Gulf of Mexico four years ago, fisherman George Barisich used his boat to help clean up the millions of gallons that spewed in what would become the worst offshore spill in U.S. history.

Like so many Gulf Coast residents who pitched in after the April 20, 2010, explosion of the Deepwater Horizon rig, Barisich was motivated by a desire to help and a need to make money — the oil had destroyed his livelihood.

Today he regrets that decision, and worries his life has been permanently altered. Barisich, 58, says respiratory problems he developed during the cleanup turned into pneumonia and that his health has never been the same.

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Coldwater Creek files for bankruptcy protection

SANDPOINT, Idaho (AP) — The women's clothing retailer Coldwater Creek has filed for Chapter 11 bankruptcy protection after failing to find a potential buyer or a source of capital to help fund its turnaround efforts.

Coldwater Creek said Friday that its stores and its website are still open and selling clothing and other goods to shoppers.

But it expects to start sales to liquidate its inventory in early May. It plans to hold going out of business sales in the coming months.

The chain said it spent the past six months evaluating its options, but that its declining financial resources, tough retail conditions and its inability to find other viable options drove it to file for bankruptcy protection.

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Exxon CEO's compensation rises 3 percent to $28.1M

IRVING, Texas (AP) — The CEO of Exxon Mobil Corp. received compensation worth $28.1 million last year, a 3 percent increase over the previous year, according to an Associated Press analysis of a company regulatory filing.

Most of Rex W. Tillerson's compensation was in the form of stock awards, which the largest U.S. oil company valued at $21.3 million when they were granted.

His overall compensation for 2013 was up from $27.2 million in 2012, under The AP's calculation.

The AP analysis of Tillerson's compensation considered salary, bonus, perks and the estimated value of stock and option grants that the company reported Friday to the U.S. Securities and Exchange Commission. The calculation excluded changes in the present value of Tillerson's pension benefits.

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Heartbleed could harm a variety of systems

NEW YORK (AP) — It now appears that the "Heartbleed" security problem affects not just websites, but also the networking equipment that connects homes and businesses to the Internet.

A defect in the security technology used by many websites and equipment makers have put millions of passwords, credit card numbers and other personal information at risk. The extent of the damage caused by Heartbleed isn't known. The threat went undetected for more than two years, and it's difficult to tell if any attacks resulted from it because they don't leave behind distinct footprints.

But now that the threat is public, there's a good chance hackers will try to exploit it before fixes are in place, says Mike Weber, vice president of the information-technology audit and compliance firm Coalfire.

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By The Associated Press=

The Dow Jones Industrial average fell 143.47 points, or 0.9 percent, to 16,026.75. The Nasdaq lost 54.37 points, or 1.3 percent, to end at 3,999.73. The Standard & Poor's 500 fell 17.39 points, or 1 percent, to 1,815.69.

Benchmark crude for May delivery edged up 34 cents to $103.74 a barrel. Brent crude, a benchmark for international oil prices, declined 14 cents to $107.32 a barrel on the ICE Futures exchange in London.

Wholesale gasoline edged up less than a penny to $3.01 a gallon and heating oil fell half a penny to $2.93 a gallon. Natural gas fell four cents to $4.62 per 1,000 cubic feet.

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