National business and financial news from NewsOK

  • Today in Nebraska-May

    Updated: 2 min ago

    May 1 1881 — The U.S. Army abandoned Fort Hartsuff on the North Loup River. 1974 — The last regularly scheduled Union Pacific passenger train left Sidney depot. May 2 1981 — Pari-mutuel machines broke down at Ak-Sar-Ben Field in Omaha, resulting in a two-hour delay in racing. The machines...

  • Ford's 1Q net income falls on strong dollar, lower sales

    Updated: 5 min ago

    DEARBORN, Mich. (AP) — Ford's net income fell in the first quarter, hurt by lower sales of key vehicles like the F-150 pickup and a stronger U.S. dollar. But the Dearborn automaker says the picture should improve as the year progresses, and it's still aiming for a full-year pretax profit of...

  • Merck hurdles Wall Street forecasts

    Updated: 6 min ago

    Drugmaker Merck & Co. easily beat Wall Street expectations, sending its shares up sharply, despite first-quarter profit plunging 44 percent. Income was hurt by the sale of its consumer health business, unfavorable currency exchange rates and competition to some drugs. The maker of Type 2...

  • Live Nation buys stake in Bonnaroo music festival

    Updated: 7 min ago

    NEW YORK (AP) — Concert promoter and ticket seller Live Nation said Tuesday that it bought a controlling stake in annual music festival Bonnaroo. The purchase will boost Live Nation's portfolio of music festivals, which attract hundreds of thousands of people paying hefty ticket prices. Late...

  • Obama says US, Japan can overcome tough politics on trade

    Updated: 10 min ago

    WASHINGTON (AP) — President Barack Obama says the politics surrounding trade talks are difficult in both Japan and the U.S. but that he's confident a deal can be reached. Obama is discussing negotiations for a major trade agreement with Asian countries during a joint news conference with...

  • Offshore wind energy sector off to slow start in US

    Updated: 11 min ago

    PROVIDENCE, R.I. (AP) — It's been five years since the Obama administration cleared the way for construction of the nation's first offshore wind farm, but what advocates hoped was the start of a new way of generating renewable power is off to a slow start. That initial approval was for the Cape...

  • Mayors seek resolution of energy efficiency funding dilemma

    Updated: 20 min ago

    AUGUSTA, Maine (AP) — A group of Maine mayors is urging lawmakers to fix an error in a 2013 law that caused regulators to cut funding for energy efficiency programs. The Mayors' Coalition met at the Statehouse on Tuesday to discuss their priorities for the remainder of the legislative session....

  • JetBlue shares soar to 11-year high on strong earnings

    Updated: 28 min ago

    NEW YORK (AP) — Shares of JetBlue Airways jumped to an 11-year high Tuesday as the airline reported better-than-expected results for its first quarter, thanks to lower fuel prices and higher demand for its flights. JetBlue said aircraft fuel expenses fell 28 percent from a year ago to $335...

  • Stocks mostly higher as company earnings reports pour in

    Updated: 30 min ago

    NEW YORK (AP) — U.S. stocks fluctuated between gains and losses Tuesday as investors worked through the latest round of earnings reports. Pharmaceutical stocks rose after drug giant Merck reported better-than-expected results. KEEPING SCORE: The Dow Jones industrial average was up 58 points, or...

  • Stocks move mostly higher; Health care rebounds

    Updated: 33 min ago

    NEW YORK (AP) — Stocks are moving mostly higher as the health care sector rebounds from a slump the day before. Drugmaker Merck jumped 5 percent in midday trading Tuesday, the most in the Dow Jones industrial average, after reporting earnings and revenue that came in well ahead of what analysts...

  • Safety agency seeks ideas on getting more recall fixes done

    Updated: 36 min ago

    WASHINGTON (AP) — Frustrated that cars recalled for serious safety defects aren't getting fixed quickly enough, the nation's auto safety chief is hosting a gathering of automakers ay to search for solutions. In some recalls for problems as serious as air bags that can spew shrapnel into drivers...

  • LG's new G4 phones will have leather backs

    Updated: 37 min ago

    NEW YORK (AP) — LG is making smartphones with leather backs as it seeks to distinguish its phones from Apple's iPhones and Samsung's Galaxy smartphones. The message at Tuesday's announcement of the new G4: We're not like the others. Apple and Samsung dominate the smartphone market, with LG and...

  • House GOP bill blocks new air flights, cruise ships to Cuba

    Updated: 38 min ago

    WASHINGTON (AP) — House Republicans unveiled legislation on Tuesday to sharply curb the Obama administration's recent moves to ease restrictions on travel to Cuba. The provision by Rep. Mario Diaz-Balart, a Cuban-American from Florida, would block new flights and cruise ship travel to Cuba. The...

  • Appalachian Voices releases mountaintop mining mapping tool

    Updated: 41 min ago

    CHARLESTON, W.Va. (AP) — A nonprofit environmental group has released a mapping tool it says shows mountaintop coal mining has been expanding closer to communities in central Appalachia in recent years, with nearly half of the 50 areas most at risk in West Virginia. Appalachian Voices released...

  • Oklahoma House approves cannabis oil study legislation

    Updated: 41 min ago

    OKLAHOMA CITY (AP) — Gov. Mary Fallin's desk is the next stop for legislation that authorizes an investigational study into clinical trials on certain patients with severe forms of epilepsy using an oil derived from the marijuana plant. The Oklahoma House voted 85-5 for the measure and sent it...

  • UPS 1Q profit up 14 percent to more than $1 billion

    Updated: 49 min ago

    DALLAS (AP) — UPS boosted first-quarter earnings by 14 percent as things like charging more for bulky but lightweight boxes helped increase U.S. revenue. The domestic growth offset international revenue that was hurt because sales were less valuable when converted into the strong U.S. dollar....

  • Genetic testing moves into world of employee health

    Updated: 1 hr ago

    Your employer may one day help determine if your genes are why your jeans have become too snug. Big companies are considering blending genetic testing with coaching on nutrition and exercise to help workers lose weight and improve their health before serious conditions like diabetes or heart...

  • RadioShack agrees to mediation over sale of customer data

    Updated: 1 hr ago

    WILMINGTON, Del. (AP) — RadioShack has agreed to mediation with state attorneys general concerned about the electronic retailer's planned sale of customer data as part of its bankruptcy reorganization. A RadioShack attorney told a Delaware bankruptcy judge Tuesday that the mediation, which will...

  • IBM raises quarterly dividend by 18 percent to $1.30

    Updated: 1 hr ago

    NEW YORK (AP) — IBM said Tuesday it is raising its quarterly dividend to $1.30 from $1.10, an increase of 18 percent. The company's next dividend is payable June 10 to shareholders of record on May 8. It's the 20th straight year the technology company has increased its payout. International...

  • Senate debates bill on congressional approval of Iran deal

    Updated: 1 hr ago

    WASHINGTON (AP) — Senate Minority Leader Harry Reid on Tuesday urged Republicans to back legislation empowering Congress to review and possibly reject any nuclear deal with Iran and warned GOP presidential hopefuls not to use it as a "platform for their political ambitions." Reid said the full...

  • US consumer confidence slides in April

    Updated: 1 hr ago

    WASHINGTON (AP) — U.S. consumer confidence fell this month to the lowest level in four months, knocked down by a slowdown in hiring. The Conference Board said Wednesday that its consumer confidence index fell to 95.2 in April from 101. 4 in March, the lowest reading since December's 93.1....

  • Nominees announced for new World Video Game Hall of Fame

    Updated: 1 hr ago

    ROCHESTER, N.Y. (AP) — Fifteen video games that have engrossed gamers for untold hours have been named finalists for the new World Video Game Hall of Fame. The nominees were announced Tuesday at The Strong museum in Rochester, where the hall will be located alongside the National Toy Hall of...

  • Trade deal poses dilemma for Clinton in Democratic primary

    Updated: 1 hr ago

    WASHINGTON (AP) — On a trip to Australia in 2012, Hillary Rodham Clinton lavished praise on the proposed Trans-Pacific Partnership, calling it the "gold standard" in efforts to create open and fair trade. Now, early in her Democratic presidential campaign, she's striking a different tone —...

  • Judge dismisses lawsuit in Little League retribution case

    Updated: 1 hr ago

    BRIDGEPORT, Conn. (AP) — A federal judge has dismissed a lawsuit by a Connecticut father who said a baseball Little League demoted his 9-year-old son to a lower-level team because of the father's plans to build affordable housing next to a former league official's home. U.S. District Judge...

  • Circus returns to Rhode Island year after hair-hanging fall

    Updated: 1 hr ago

    PROVIDENCE, R.I. (AP) — The last time Ringling Bros. and Barnum & Bailey circus performed in Rhode Island, eight acrobats suspended by their hair plummeted to the ground before a crowd of thousands. A single metal clip that held them 20 feet aloft had snapped. The women were badly hurt, some...



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