National business and financial news from NewsOK

  • House Finance advances gas line bill

    Updated: 36 min ago

    JUNEAU, Alaska (AP) — The House Finance Committee on Friday advanced a bill setting the state's participation in a major liquefied natural gas project, with members expressing a mix of both optimism and skepticism about whether the process would yield a long hoped-for gas line. Co-chair Bill...

  • PG&E to be arraigned in fatal pipeline blast

    Updated: 5 hr ago

    SAN FRANCISCO (AP) — Pacific Gas and Electric Co. officials are set to appear in court on Monday to face federal felony charges involving safety violations tied to a deadly 2010 natural gas pipeline explosion in the San Francisco Bay Area. An indictment filed earlier this month charges the...

  • Judge says American can't end retiree benefits yet

    Updated: 6 hr ago

    DALLAS (AP) — A federal judge has rejected an attempt by American Airlines to quickly cut off benefits for many of its retirees. American wants retirees who wish to keep their benefits to pay all the cost. Now the dispute could go to negotiations or a trial. On Friday, U.S. Bankruptcy Court...

  • Judge strikes down part of Minnesota energy law

    Updated: 6 hr ago

    MINNEAPOLIS (AP) — A federal judge ruled Friday that part of a Minnesota law designed to promote the use of renewable energy is unconstitutional because it attempts to control business that takes place outside state borders — and she barred Minnesota officials from enforcing it. The ruling...

  • Figures on government spending and debt

    Updated: 7 hr ago

    WASHINGTON (AP) — Figures on government spending and debt (last six digits are eliminated). The government's fiscal year runs Oct. 1 through Sept. 30.

  • Correction: Restaurant Sales story

    Updated: 8 hr ago

    NEW YORK (AP) — In a story April 17 about restaurant sales, The Associated Press reported erroneously that the average sales in a Starbucks location in 2013 was $13.1 million. It was $1.31 million, according to an estimate by restaurant industry tracker Technomic. A corrected version of the...

  • Illinois' mining-oversight official fired

    Updated: 9 hr ago

    ST. LOUIS (AP) — A top administrator with the Illinois state agency that regulates coal mining and other energy interests has been fired, becoming the latest official to depart in the last two months. Illinois Department of Natural Resources spokesman Chris Young confirmed Friday that Tony...

  • Recalls this week: lanterns, exercise devices

    Updated: 9 hr ago

    Candle lanterns that can melt and pose a fire hazard and gun storage boxes that can unlock when dropped are among this week's recalled consumer products. Others include faulty exercise devices and steel-toed boots. Here's a more detailed look: LANTERNS DETAILS: Pier 1 Imports' hanging glass...

  • Federal lawsuit over western Md. wind farm ends

    Updated: 9 hr ago

    CUMBERLAND, Md. (AP) — A legal dispute over a western Maryland wind farm has ended. A U.S. District Court judge in Baltimore dismissed the case Tuesday at the request of both sides. The citizen group Save Western Maryland filed the lawsuit in 2010 against developers of the 28-turbine...

  • Company gets help and is now dressed for success

    Updated: 9 hr ago

    NEW YORK (AP) — When Tessemae's salad dressing quickly became a hit, the owners of the family-run condiment company were faced with the reality that they needed help navigating the grocery business. The company based in Annapolis, Md., got its start in 2009 selling dressing to a local Whole...

  • AP Sources: Obama administration extending agency review of Keystone XL oil pipeline

    Updated: 10 hr ago

    WASHINGTON (AP) — AP Sources: Obama administration extending agency review of Keystone XL oil pipeline.

  • Appeals court rejects challenge on cement plants

    Updated: 10 hr ago

    WASHINGTON (AP) — A federal appeals court on Friday turned aside a challenge by environmental groups to an air pollution standard for cement plants. In a 3-0 decision, the appeals court said the emissions-related provisions of the Environmental Protection Agency standard are permissible. The...

  • Report: Pennsylvania forests impacted by drilling

    Updated: 13 hr ago

    PITTSBURGH (AP) — A small portion of Pennsylvania state forest land has been impacted by shale gas drilling, but many questions remain about how to manage the politically sensitive issue that is opposed by many residents, according to a new report. The 268-page Department of Conservation and...

  • Mo. House votes to expand sales tax exemptions

    Updated: 14 hr ago

    JEFFERSON CITY, Mo. (AP) — Pizza parlors, doughnut shops and even convenience stores all could be in line for a tax break on the food that they make and sell as a result of a measure moving through the Missouri Legislature. The bill would create a new sales tax exemption on the utilities used...

  • Advice to Democrats: Don't say 'recovery'

    Updated: 15 hr ago

    WASHINGTON (AP) — Election-year memo to Democratic candidates: Don't talk about the economic recovery. It's a political loser. So say Democratic strategists in a blunt declaration that such talk skips over "how much trouble people are in, and doesn't convince them that policymakers really...

  • Mazda recalls 109,000 older SUVs for rust problem

    Updated: 16 hr ago

    DETROIT (AP) — Mazda is recalling 109,000 Tribute SUVs in cold-weather states to fix rusting frame parts. The recall covers SUVs from the 2001 through 2004 model years. Mazda says in documents filed with U.S. safety regulators that the frame can rust and a wheel control arm can separate from...

  • Vermont Yankee nuke seeks to end emergency zone

    Updated: 19 hr ago

    VERNON, Vt. (AP) — The company that owns the Vermont Yankee nuclear power plant wants to do away with the 10-mile emergency planning zone surrounding the reactor after it ceases operation later this year. The zone around the Vernon reactor includes towns in Vermont, New Hampshire and...

  • 64 businesses using NY clean energy training funds

    Updated: 21 hr ago

    ALBANY, N.Y. (AP) — Gov. Andrew Cuomo says a state program designed to boost New York's green energy industry has helped 64 businesses. The governor's office said Thursday that more than $2.2 million in job training grants have been awarded to the companies. The grants are intended to pay...

  • Duke: Coal ash spill won't affect bottom line


    CHARLOTTE, N.C. (AP) — Duke Energy told shareholders Thursday that cleanup costs resulting from its massive coal ash spill into the Dan River won't have a material effect on the $50 billion company's bottom line. The nation's largest electric company said in a regulatory filing with the U.S....

  • PepsiCo's profit rises on snack sales, price hikes


    NEW YORK (AP) — PepsiCo reported a stronger-than-expected quarterly profit as the company sold more snacks around the world and hiked prices, including on its drinks. The company, which also makes Frito-Lay, Gatorade, Mountain Dew and Tropicana, said global snack volume rose 2 percent in the...

  • Wal-Mart jumps into the money transfer biz, loudly


    NEW YORK (AP) — Wal-Mart is delving deeper into financial services at its stores and shaking up the money transfer business. The world's largest retailer introduced a new money transfer service Thursday that it says will cut fees for its low-income customers by up to 50 percent compared with...

  • Herbalife discloses investigation in Illinois


    NEW YORK (AP) — Nutritional supplements and weight-loss products maker Herbalife is being investigated by the attorney general of Illinois. The office of Attorney General Lisa Madigan confirms it is investigating complaints brought by consumers. Herbalife says it will work with the attorney...

  • IRS audits less than 1 percent of big partnerships


    WASHINGTON (AP) — The Internal Revenue Service audits fewer than 1 percent of large business partnerships, according to a government report released Tuesday. That means some of Wall Street's largest hedge funds and private equity firms are largely escaping close scrutiny by the IRS, said Sen....

  • Michaels confirms breach of as many as 2.6M cards


    NEW YORK (AP) — Michaels Stores Inc. said Thursday that about 2.6 million cards, or about 7 percent of all debit and credit cards used at its namesake stores, may have been affected in a security breach. The nation's largest arts and crafts chain said its subsidiary Aaron Brothers was also...

  • How the Dow Jones industrial average fared


    Stocks closed mostly higher Thursday as upbeat earnings news from several large U.S. companies encouraged investors. General Electric, Morgan Stanley and PepsiCo all moved higher after reporting their first-quarter financial results. The major stock indexes spent much of the day hovering...