National business and financial news from NewsOK

  • Nevada rancher Cliven Bundy defends race remarks

    Updated: 27 min ago

    LAS VEGAS (AP) — A Nevada rancher at the center of a feud over cattle grazing on public land is defending himself from sharp criticism over comments he made about slavery. Cliven Bundy had told reporters near his ranch 80 miles from Las Vegas that he wonders whether black people are better...

  • Business Highlights

    Updated: 29 min ago

    ___ FDA eases into regulating e-cigarettes WASHINGTON (AP) — The federal government's move to regulate e-cigarettes is a leap into the unknown. Proposed rules, issued Thursday by the Food and Drug Administration, tread fairly lightly. They would ban sales to anyone under 18, add warning...

  • Business Highlights

    Updated: 29 min ago

    ___ FDA eases into regulating e-cigarettes WASHINGTON (AP) — The federal government's move to regulate e-cigarettes is a leap into the unknown. Proposed rules, issued Thursday by the Food and Drug Administration, tread fairly lightly. They would ban sales to anyone under 18, add warning...

  • Hearing delayed on Mississippi Power Kemper costs

    Updated: 36 min ago

    JACKSON, Miss. (AP) — Upcoming hearings on whether Mississippi Power Co. should be able to get customers to pay for its Kemper County power plant have been postponed. The Mississippi Public Service Commission Thursday delayed prudency hearings from May 19 until at least August. Those hearings...

  • UPS blames winter weather for drop in 1Q profit

    Updated: 42 min ago

    DALLAS (AP) — First-quarter net income at UPS slumped 12 percent as winter storms increased costs for the shipping giant and cut into its revenue. The Atlanta company said Thursday that the rough start to the year means that full-year earnings will come in at the low end of its earlier...

  • Tesla's Musk paid $70,000 in 2013

    Updated: 59 min ago

    DETROIT (AP) — Tesla Motors CEO Elon Musk was paid just under $70,000 in 2013. But he could be in line for much, much more. According to a Tesla filing with regulators Thursday, Musk made a base salary of $33,280 in 2013. That was the minimum he was required to make under California law. He...

  • WVa to receive $5.6M from feds for laid-off miners

    Updated: 1 hr ago

    CHARLESTON, W.Va. (AP) — West Virginia is receiving an additional $5.6 million in federal grants to help coal workers affected by mine closures and layoffs. Gov. Earl Ray Tomblin announced Thursday that WorkForce West Virginia will receive National Emergency grants through December 2016 for...

  • Sands 1Q profit beats predictions thanks to Macau

    Updated: 1 hr ago

    LAS VEGAS (AP) — Casino giant Las Vegas Sands Corp. said its first-quarter net income rose 36 percent due to a strong performance in Macau, the world's largest gambling market. Billionaire CEO Sheldon Adelson said Thursday that the company delivered growth in every sector of business in...

  • Major oil and gas firm to list drilling chemicals

    Updated: 1 hr ago

    PITTSBURGH (AP) — A major supplier to the oil and gas industry says it will begin disclosing 100 percent of the chemicals used in hydraulic fracturing fluid, with no exemptions for trade secrets. The move by Baker Hughes of Houston is a shift for a major firm; it's unclear if others will...

  • North Dakota finds more radioactive oil waste

    Updated: 1 hr ago

    BISMARCK, N.D. (AP) — North Dakota confirmed Thursday the discovery of a new radioactive dump of waste from oil drilling, and separately a company hired to clean up waste found in February at another location said it removed double the amount of radioactive material originally estimated to be...

  • 2-week truce for hot sauce maker, California city

    Updated: 1 hr ago

    LOS ANGELES (AP) — A cooling-off period has been called in the fight between the makers of a popular hot sauce and the Southern California city that says its air is too spicy to bear. The Irwindale City Council delayed a decision for two weeks Wednesday night on declaring the Sriracha...

  • NJ rejects offshore windmill project for 2nd time

    Updated: 1 hr ago

    ATLANTIC CITY, N.J. (AP) — A company that wants to build a windmill power project off the coast of Atlantic City is heading to court. Fishermen's Energy says it will move in state appellate court to have its project reconsidered. The state Board of Public Utilities has denied the plan twice,...

  • Caterpillar and D.R. Horton are big market movers

    Updated: 2 hr ago

    NEW YORK (AP) — Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and the Nasdaq Stock Market: NYSE Zimmer Holdings Inc., up $10.52 to $101.97 The medical device maker snaps up Biomet for more than $13 billion, an acquisition that will be an immediate...

  • How the Dow Jones industrial average did Thursday

    Updated: 2 hr ago

    The stock market closed mostly higher Thursday, helped by positive earnings out of several large U.S. companies including Apple and construction equipment maker Caterpillar. The gains were modest, however, as investors turned their eyes back to Russia and Ukraine, where geopolitical tensions...

  • GM says securities regulators are probing recall

    Updated: 2 hr ago

    DETROIT (AP) — U.S. securities regulators are looking into General Motors' delayed recall of more than 2 million cars with a deadly ignition switch problem. GM disclosed in a quarterly report Thursday that the Securities and Exchange Commission has made inquiries about the recall. It also...

  • Figures on government spending and debt

    Updated: 2 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.

  • Palladium prices rising as mining strike continues

    Updated: 3 hr ago

    Platinum and palladium prices are rising as a dispute between Russia and Ukraine along with a strike in South Africa push prices up. Palladium for June delivery gained $16.30, or 2 percent, to settle at $802.30 an ounce. Platinum for July rose $5.70 to $1,409.60. Prices for the two metals...

  • New York Times 1Q profit falls 51 pct

    Updated: 3 hr ago

    NEW YORK (AP) — The New York Times Co. said Thursday that its first-quarter net profit dropped 51 percent, as higher costs outpaced small increases in circulation and advertising revenue. Times Co. earned $1.7 million, or 1 cent per share, down from $3.6 million, or 2 cents per share, in the...

  • Oil near $102 on Ukraine crisis; US gas prices up

    Updated: 3 hr ago

    The price of oil rose to near $102 a barrel Thursday on worries about tensions in Ukraine. Benchmark U.S. crude for June delivery rose 50 cents to close at $101.94 a barrel on the New York Mercantile Exchange. Brent crude, an international benchmark for oil, gained $1.22 to $110.33 a barrel on...

  • Money market fund assets rose by $7.32 billion

    Updated: 3 hr ago

    Total U.S. money market mutual fund assets rose by $7.32 billion to $2.58 trillion for the week that ended Wednesday, according to the Investment Company Institute. Assets in the nation's retail money market mutual funds fell by $5.60 billion to $907.28 billion, the Washington-based mutual fund...

  • Coal miner Peabody's 1Q loss more than doubles

    Updated: 3 hr ago

    ST. LOUIS (AP) — Coal miner Peabody Energy Corp. said Thursday its first-quarter loss more than doubled on weak prices, falling short of Wall Street expectations. The world's biggest private-sector coal company also predicted another loss for the current quarter. The coal industry in recent...

  • GM profit sinks; CEO sees no recall hit to sales

    Updated: 3 hr ago

    DETROIT (AP) — The cost of recalling nearly 7 million cars and trucks sank General Motors' first-quarter profit, but the company's CEO said the much-publicized recalls have yet to cut into sales. GM on Thursday reported its worst financial results in more than four years, with profit falling...

  • For airlines not named United, it was a great 1Q

    Updated: 3 hr ago

    DALLAS (AP) — Even with the turbulence of severe winter storms and stubbornly high fuel prices, many of the major airlines are cruising and their stock prices are soaring. Mergers have reduced competition and made it easier for the airlines to limit the supply of seats and raise average...

  • Fakahany, Mancini picked for AP Nerve Center posts

    Updated: 4 hr ago

    NEW YORK (AP) — Tamer Fakahany and John Mancini, veteran news executives for The Associated Press, have been appointed global news managers for the cooperative, Senior Managing Editor Michael Oreskes announced Thursday. "The job of these 'flag officers' will be to make sure we are getting it...

  • Pa. township approves permits for airport drilling

    Updated: 4 hr ago

    IMPERIAL, Pa. (AP) — Supervisors in a western Pennsylvania township have approved permits for a company to drill for natural gas at Pittsburgh International Airport with almost two dozen conditions. Findley Township supervisors voted 2-1 to approve the conditional use permits but included...



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