National business and financial news from NewsOK

  • Gannett tells Tribune shareholders not to vote for board

    Updated: 4 min ago

    NEW YORK (AP) — Gannett is escalating its pursuit of rival newspaper company Tribune, telling shareholders of Tribune not to vote for its board member nominees up for election in June. Gannett, the publisher of USA Today and other newspapers, said Monday that withholding a vote at Tribune's...

  • Tiny Nebraska town says no to 1,100 jobs, citing way of life

    Updated: 13 min ago

    NICKERSON, Neb. (AP) — Half-ton pickup trucks crowd the curb outside the One Horse Saloon, a neon Coors Light sign in the window and rib-eye steaks on the menu, but otherwise Nickerson, Nebraska, is nearly silent on a spring evening, with only rumbling freight trains interrupting bird songs....

  • Markets Right Now: US stocks edge higher in early trading

    Updated: 17 min ago

    NEW YORK (AP) — The Latest on global financial markets (all times local): 9:35 a.m. Stocks are opening mostly higher on Wall Street, led by gains in telecommunications companies. Verizon Communications and AT&T each rose about 1 percent in early trading Monday. Apollo Education, which runs...

  • Supreme Court won't review appeal from POM juices

    Updated: 19 min ago

    WASHINGTON (AP) — The Supreme Court is leaving in place a court ruling that found advertising claims of the health benefits of POM Wonderful juices were deceptive. The justices on Monday rejected an appeal from POM Wonderful LLC that argued that the ruling violated the company's speech rights....

  • High court to hear patent fight over adult diapers

    Updated: 19 min ago

    WASHINGTON (AP) — The Supreme Court will resolve a patent dispute between companies that make adult diapers. The justices said Monday they will hear an appeal from SCA Hygiene Products AB, which argues that it did not wait too long to file a patent infringement lawsuit against rival First...

  • Justices reject franchises' appeal over $15 Seattle wage

    Updated: 22 min ago

    WASHINGTON (AP) — The Supreme Court is turning away a challenge to Seattle's $15 an hour minimum wage from franchise business owners who say the law discriminates against them. The justices are not commenting on their order Monday that leaves in place a federal court ruling in favor of Seattle....

  • Energy explorers Haliburton and Baker Hughes abandon merger

    Updated: 42 min ago

    WASHINGTON (AP) — Two companies crucial to the business of U.S. energy exploration — Halliburton and Baker Hughes — have abandoned their planned $34 billion merger. The companies and the Justice Department disclosed the plans on Sunday. The department filed suit April 6 to block the merger of...

  • US, Europe struggle to make progress in free trade talks

    Updated: 55 min ago

    BRUSSELS (AP) — Trans-Atlantic talks to create a massive free trade zone between the United States and the European Union continue to be held back because of divergences on key issues, making success under President Barack Obama's administration ever less likely. With the November U.S....

  • GNC considers possible sale in strategic review

    Updated: 55 min ago

    NEW YORK (AP) — GNC Holdings Inc. said Monday that it is conducting a strategic review that includes considering a potential sale of the health and nutrition products retailer. The company said other options include refranchising, capital structure moves and partnerships. Its shares jumped more...

  • 6 of 9 families return home after natural gas explosion

    Updated: 1 hr ago

    GREENSBURG, Pa. (AP) — Six of nine families have been allowed to return to their homes two days after a natural gas pipeline exploded into a fireball in western Pennsylvania. Spectra Energy Corp. of Houston is working with three other families whose homes were too badly damaged by Friday's...

  • Alabama governor, senator urge TVA to sell unfinished nuke

    Updated: 1 hr ago

    BIRMINGHAM, Ala. (AP) — Alabama Gov. Robert Bentley and Sen. Richard Shelby are among those urging TVA to sell its unfinished Bellefonte Nuclear Plant. Comments released publicly by the Tennessee Valley Authority show Bentley and Shelby along with local officials, some environmental groups and...

  • Buffett says drugmaker Valeant had flawed business model

    Updated: 1 hr ago

    OMAHA, Neb. (AP) — Investor Warren Buffett says Valeant Pharmaceuticals' practices were flawed, so he declined to invest Berkshire Hathaway's money in the company. Buffett appeared on CNBC Monday after meeting with Berkshire Hathaway shareholders over the weekend. Buffett says some Valeant...

  • Buffett says election is important but won't damage economy

    Updated: 1 hr ago

    OMAHA, Neb. (AP) — Investor Warren Buffett says choosing the next president will be important for the world, but it won't derail the U.S. economy. Buffett reiterated his confidence in the economy during an appearance on CNBC Monday. Over the weekend he spent several hours answering questions at...

  • Buffett still likes big stakes in Coke, American Express

    Updated: 2 hr ago

    OMAHA, Neb. (AP) — Investor Warren Buffett says he would be willing to sell Berkshire Hathaway's big investments in American Express, Coca-Cola and other companies if he found a significantly better option, but he still believes in those companies. Buffett appeared on CNBC Monday after meeting...

  • Ohio gas prices climb to average price per gallon of $2.29

    Updated: 2 hr ago

    COLUMBUS, Ohio (AP) — Gas prices around Ohio continue going up as the price per gallon starting into the workweek climbed to $2.29. The state average was up 12 cents from $2.17 the previous week in Monday's survey from auto club AAA, the Oil Price Information Service and WEX Inc. The average...

  • Buffett praises Fed but warns of unintended consequences

    Updated: 3 hr ago

    OMAHA, Neb. (AP) — Investor Warren Buffett says the Federal Reserve and other policymakers are generally doing a good job, but it's difficult to predict all the effects of interest rates remaining low for this long. Buffett said on CNBC Monday that no one can predict the effects of prolonged...

  • AAA Michigan: Statewide average gas prices rise 13 cents

    Updated: 4 hr ago

    DEARBORN, Mich. (AP) — AAA Michigan says gas prices statewide have risen by about 13 cents a gallon in the past week. The Dearborn-based auto club says Sunday the average price for self-serve regular unleaded gasoline was about $2.30 per gallon. That's about 22 cents less than it was at the...

  • Arrests in Seattle as May Day marchers take to streets

    Updated: 5 hr ago

    SEATTLE (AP) — Seattle police used pepper spray to disperse black-clad anti-capitalist protesters authorities say threw rocks, flares, bricks and Molotov cocktails at officers during a rowdy May Day gathering. At least nine people were arrested Sunday evening. Authorities said five officers...

  • Companies crucial to energy exploration abandon $34B merger

    Updated: 5 hr ago

    WASHINGTON (AP) — Two companies crucial to the business of U.S. energy exploration have abandoned their planned $34 billion merger, according to the Justice Department. The department filed suit April 6 to block the merger of Halliburton and Baker Hughes. It claims the transaction would...

  • Seeking a high-tech solution to make firearms safer

    Updated: 6 hr ago

    DAYTONA BEACH, Fla. (AP) — Jonathan Mossberg is among a small number of pioneers looking to build a safer gun. But unlike many others, he was in the gun business when he started down that path. His family is renowned for its premier line of shotguns treasured by law enforcement, hunters and the...

  • Some of the gun safety features over time

    Updated: 6 hr ago

    Daytona Beach, Florida-based iGun Technology Corp. has been developing a "smart gun," a firearm that uses a ring with a chip in it to send a signal to a circuit board embedded in the firearm so that only an authorized user can fire the gun. But this isn't the only technology that exists or is...

  • Feds approve plan to build gas pipeline for power plant

    Updated: 6 hr ago

    SHAMOKIN DAM, Pa. (AP) — Federal officials have signed off on a plan to build a 34-mile pipeline through five central Pennsylvania counties that will carry natural gas to a power plant being built along the Susquehanna River. Federal energy regulators approved the Sunbury Pipeline Project on...

  • Q&A: Puerto Rico's debt crisis explained

    Updated: 8 hr ago

    NEW YORK (AP) — Puerto Rico's debt crisis has reached a new level, with the island's governor saying Puerto Rico will not pay most of its $470 million in debt payments due by Monday. Island officials spent the weekend trying to negotiate a settlement that would have avoided the default. The...

  • Q&A: Puerto Rico's debt crisis explained

    Updated: 9 hr ago

    NEW YORK (AP) — Puerto Rico's debt crisis has reached a new level, with the island's governor saying Puerto Rico will not pay most of its $470 million in debt payments due by Monday. Island officials spent the weekend trying to negotiate a settlement that would have avoided the default. The...

  • Requests to revisit AEP, FirstEnergy deals in Ohio due

    Updated: 9 hr ago

    COLUMBUS, Ohio (AP) — Opponents are facing a deadline to ask Ohio utility regulators to reconsider their approval of two closely-watched energy deals that allowed two utility companies to impose short-term rate increases to subsidize some older coal-fired and nuclear power plants. The Public...



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