National business and financial news from NewsOK

  • Senate approval of Keystone XL pipeline is short of veto-proof margin

    By Chris Casteel, Washington Bureau | Published: Thu, Jan 29, 2015

    Both Oklahoma senators voted to approve the TransCanada project comes after three weeks of debate and a return to the Senate’s long traditions of offering and voting on amendments.

  • Builder projects 18-month delay for nuclear plant in Georgia

    Updated: 32 min ago

    ATLANTA (AP) — Southern Co. said the firms building its new nuclear power plant in Georgia estimate the project will be delayed 18 months, potentially costing the power company $720 million in new charges, company officials said Thursday. The latest delay at Plant Vogtle is another setback for...

  • Gas blast wrecks Mexico children's hospital; 2 dead, 73 hurt

    Updated: 1 hr ago

    MEXICO CITY (AP) — Injured and bleeding, mothers carrying infants fled from a maternity hospital shattered by a powerful gas explosion Thursday, and rescuers swung sledgehammers to break through fallen concrete hunting for others who might be trapped. A woman and child were killed and 73 people...

  • Factory data shows Japan economy turning corner on recession

    Updated: 1 hr ago

    TOKYO (AP) — Japan's industrial output edged higher in December, suggesting the world's third-largest economy may be turning the corner on a recession brought on by a hefty sales tax hike. Data released Friday showed manufacturing output increased 0.3 percent in December from a year earlier and...

  • Consultants suggest possibly revisiting Cook Inlet credits

    Updated: 1 hr ago

    JUNEAU, Alaska (AP) — Legislative consultants this week suggested that it may be wise for lawmakers to examine their approach to creating incentives for oil and gas development from Cook Inlet. The issue of oil and gas tax credits received renewed attention earlier this month, when Gov. Bill...

  • Regulators issue final volumes in Nevada nuclear dump report

    Updated: 1 hr ago

    LAS VEGAS (AP) — Findings released Thursday by analysts in the federal agency with the power to give the go-ahead for a proposed national nuclear waste dump in Nevada appear to provide wiggle room for adopting rules to open the repository, if decision-makers want to go forward. "Conditions (to...

  • Senate passes bill approving Keystone XL oil pipeline

    Updated: 1 hr ago

    WASHINGTON (AP) — The Republican-controlled Senate on Thursday approved a bipartisan bill to construct the Keystone XL oil pipeline, defying a presidential veto threat and setting up the first of many battles with the White House over energy and the environment. The 62-36 vote advanced a top...

  • House Dems seek better messaging, not new policies, for 2016

    Updated: 2 hr ago

    PHILADELPHIA (AP) — Better messaging, not changes in policy, is the key to winning elections again, House Democrats said Thursday as they huddled in Philadelphia to talk strategy. And the message, they said, must focus relentlessly on middle class paychecks. Despite big setbacks in the midterm...

  • Obama calls for spending surge, buoyed by rising economy

    Updated: 2 hr ago

    WASHINGTON (AP) — Declaring an end to "mindless austerity," President Barack Obama called for a surge in government spending Thursday, and asked Congress to throw out the sweeping budget cuts both parties agreed to four years ago when deficits were spiraling out of control. Obama's proposed $74...

  • Feds auction 550 acres off Massachusetts for wind energy

    Updated: 2 hr ago

    BOSTON (AP) — U.S. officials on Thursday auctioned off leases to more than 550 square miles of federal waters off the Massachusetts coast to two companies hoping to develop wind energy projects. The two parcels were among four up for lease by the Interior Department. The two other parcels...

  • Google's 4Q earnings disappoint, but CFO eases the letdown

    Updated: 2 hr ago

    SAN FRANCISCO (AP) — Google has gotten into the habit of missing analysts' earnings targets, frustrating investors who believe the online search leader would be more profitable it wasn't pouring so much money into far-flung projects such as Internet-connected eyewear and driverless cars. The...

  • Poll shows giant gap between what public, scientists think

    Updated: 2 hr ago

    WASHINGTON (AP) — The American public and U.S. scientists are light-years apart on science issues. And 98 percent of surveyed scientists say it's a problem that we don't know what they're talking about. Scientists are far less worried about genetically modified food, pesticide use and nuclear...

  • Investors crave Shake Shack: IPO prices above expected range

    Updated: 3 hr ago

    NEW YORK (AP) — Investors apparently have a craving for a better burger. Hamburger chain Shake Shack Inc. has priced its initial public stock offering at $21 per share, above its proposed range of $17 to $19 per share. It sold 5 million shares, raising $105 million. The banks managing the deal...

  • Shares of Hawaiian Airlines parent fall after 1Q outlook

    Updated: 3 hr ago

    DALLAS (AP) — Shares of Hawaiian Airlines' parent fell sharply in extended trading Thursday after the company said a key revenue measure would decline in the first quarter. The strengthening of the dollar has reduced revenue that Hawaiian earns on tickets it sells in Asia, and the company also...

  • New ND revenue forecast assumes $4B shortfall in oil revenue

    Updated: 3 hr ago

    BISMARCK, N.D. (AP) — North Dakota could see a more than $4 billion shortfall in oil and gas tax revenue due to the slumping price of crude under a revised revenue forecast that lawmakers adopted Thursday. The figures, accepted by the House and Senate appropriations committees, will be used...

  • Exploding air bag may have killed Texas man

    Updated: 3 hr ago

    HOUSTON (AP) — Federal safety regulators are looking into the death of a Texas man who may be the latest victim of exploding automobile air bags made by Takata Corp. of Japan. The man, identified by authorities as Carlos Solis, 35, died in a low-speed crash in the Houston area when an air bag...

  • Land commissioner halts huge renewable energy project

    Updated: 3 hr ago

    ALBUQUERQUE, N.M. (AP) — New Mexico Land Commissioner Aubrey Dunn has put the brakes on a $2 billion transmission project that would carry electricity generated by renewable resources in New Mexico and Arizona to markets across the West. Dunn announced late Wednesday that he was issuing a...

  • Thune, Rounds vote to send Keystone XL bill to Obama's desk

    Updated: 3 hr ago

    SIOUX FALLS, S.D. (AP) — South Dakota's U.S. Senate delegation voted to approve a bipartisan bill that would authorize construction of the Keystone XL oil pipeline, a portion of which would run through the state. Republican Sens. John Thune and Mike Rounds were two of the 62 senators who voted...

  • GOP legislators to introduce medical marijuana bills

    Updated: 3 hr ago

    COLUMBIA, S.C. (AP) — Republican legislators in conservative South Carolina expect to introduce bills next month allowing marijuana to be grown and prescribed for certain illnesses. State Sen. Tom Davis and Rep. Jenny Horne said Thursday lawmakers need to give patients access to the plant's...

  • Administration to seek $1 billion for tribal schools

    Updated: 3 hr ago

    WASHINGTON (AP) — The Obama administration says it will ask Congress for $1 billion next year to run schools for Native American children — including millions in new money to help fix crumbling buildings. The request — $150 million more than in this year's budget — sets aside $58 million in new...

  • Kim Kardashian, other celebrities appear in Super Bowl ads

    Updated: 3 hr ago

    NEW YORK (AP) — Along with puppies and babies, celebrities are a Super Bowl advertising staple. And this year is no exception. Using stars is a surefire way to grab attention during advertising's most competitive night, when a crowded field of 40-plus marketers vie for the attention of the more...

  • Manitowoc says it will split into 2 companies in 2016

    Updated: 4 hr ago

    NEW YORK (AP) — Crane-maker and food service company Manitowoc said Thursday it will split itself in two, a move encouraged by activist investors. Manitowoc said it plans to spin off the food service business, which had $1.6 billion in revenue in 2014 and makes equipment including ice,...

  • Dartmouth bans hard liquor, takes steps to prevent rape

    Updated: 4 hr ago

    HANOVER, N.H. (AP) — Dartmouth College banned hard liquor on campus Thursday and said all students will have to take part in a sexual violence prevention program all four years they are at the Ivy League school. Dartmouth has long tried to move past its hard-partying reputation, but the latest...

  • Amazon's big spending pays off in 4th quarter

    Updated: 4 hr ago

    NEW YORK (AP) — It was a Prime quarter for Amazon. Amazon surprised investors on Thursday with a fourth-quarter profit that soundly beat expectations, despite a continued increase in spending and a slight sales miss, partly linked to the strong dollar. Investors drove shares up over 11 percent...

  • Yellowstone oil spills fuel arguments over Keystone line

    Updated: 4 hr ago

    BILLINGS, Mont. (AP) — Oil pipeline accidents have become increasingly frequent in the U.S. as Congress presses the Obama administration to approve the Keystone XL pipeline — a project that would pass near the spot where 30,000 gallons of crude spilled into Montana's Yellowstone River earlier...



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