National business and financial news from NewsOK

  • Massive gas leak near Los Angeles plugged after 16 weeks

    Updated: 5 min ago

    LOS ANGELES (AP) — A blowout at a natural gas well that gushed uncontrollably for 16 weeks and drove thousands of residents from their Los Angeles homes was plugged Thursday, a utility said. While the well still needs to be permanently sealed with cement and inspected by state regulators, the...

  • Ex-exec sentenced to 1 month in West Virginia chemical spill

    Updated: 15 min ago

    CHARLESTON, W.Va. (AP) — A former Freedom Industries executive was sentenced Thursday to one month in federal prison for a chemical spill that fouled the drinking water supply of 300,000 West Virginians. Dennis Farrell also was fined $20,000 in U.S. District Court. "I'm truly sorry for what...

  • Fired Coastal Commission exec: 'Maybe I was too independent'

    Updated: 17 min ago

    LOS ANGELES (AP) — The Latest on the turmoil at the California Coastal Commission (all times local): 2:40 p.m. The ousted top executive at the California Coastal Commission suspects he was fired because he was too independent. In a telephone interview, former Executive Director Charles Lester...

  • Myspace still exists? Yes, and now Time Inc. owns it

    Updated: 25 min ago

    NEW YORK (AP) — Myspace still exists? It does, and the company that owns the once-ubiquitous social network is being bought by Time Inc. to help the magazine publisher target ads. Time Inc. did not say Thursday what it paid. The publisher of People, Sports Illustrated and Time magazines was...

  • Ex-Irish bank executive agrees to return to Ireland

    Updated: 32 min ago

    BOSTON (AP) — The former chief executive of Anglo Irish Bank, now living in Boston, has dropped his fight against extradition and agreed to return to Ireland to face fraud charges. Irish investigators have accused David Drumm of conspiring to conceal massive losses from shareholders. He left...

  • Standoff over guns at Tennessee legislative office complex

    Updated: 36 min ago

    NASHVILLE, Tenn. (AP) — If it's up to the Republican speakers of the state House and Senate, the more than half-million Tennesseans with handgun carry permits will soon be able to be armed inside the legislative office complex. But Gov. Bill Haslam's administration is raising concerns about the...

  • Utility estimates LA-area gas leak to cost at least $250M

    Updated: 38 min ago

    LOS ANGELES (AP) — The Latest on the gas leak near Los Angeles that was stopped for the first time in nearly four months (all times local): 2:47 p.m. The utility that had a natural gas well leaking nearly four months says it expects the incident will cost at least $250 million to $300 million....

  • Congress gives final OK to banning local Internet taxes

    Updated: 39 min ago

    WASHINGTON (AP) — Congress voted Thursday to permanently bar state and local governments from taxing access to the Internet, as lawmakers leapt at an election-year chance to demonstrate their opposition to imposing levies on online service. On a vote of 75-20, the Senate gave final...

  • NY man arrested after waving gun-like object on live TV

    Updated: 50 min ago

    NEW YORK (AP) — New York City police say a Brooklyn man caught on camera waving what appeared to be a handgun behind a television reporter during a live broadcast has been arrested. Thirty-three-year-old Simon Khanukov was arrested Thursday on menacing and harassment charges. Police say...

  • New Mexico braces for budget crunch linked to oil prices

    Updated: 1 hr ago

    SANTA FE, N.M. (AP) — The chairman of New Mexico's Senate Finance Committee warned Thursday that the state could be short on revenues by $700 million or more during the current fiscal year because of reduced income from oil and gas production and anemic corporate and sales tax receipts. The...

  • New York holds manufacturers liable for fouled water

    Updated: 1 hr ago

    ALBANY, N.Y. (AP) — Two industrial companies will be held liable for the cleanup of a toxic chemical that found its way into an upstate New York village's drinking water, the acting state environmental commissioner said Thursday. The Department of Environmental Conservation sent a letter to New...

  • Obama says climate rule on 'strong legal footing'

    Updated: 1 hr ago

    ATHERTON, Calif. (AP) — President Barack Obama says he is very confident his administration is on "strong legal footing" in its defense of a key piece of his climate-change agenda. Obama is telling political donors in California that the Supreme Court's decision to freeze a new rule reducing...

  • Group questions Peabody Energy's coal mine self-bonding

    Updated: 1 hr ago

    CHEYENNE, Wyo. (AP) — An environmental group is formally questioning Peabody Energy's ability to fully bond its coal mines in Wyoming and elsewhere in the Rocky Mountain region. WildEarth Guardians filed a complaint Tuesday with the federal Office of Surface Mining Reclamation and Enforcement....

  • US stocks slide further on global economic worries

    Updated: 1 hr ago

    Jitters over the global economy and steep declines in bank stocks knocked U.S. stocks lower for the fourth day in a row Thursday. The slide in the U.S. followed large losses all around the world and left all three major U.S. indexes down at least 10 percent since the beginning of the year. The...

  • Eminent domain possible issue in pipeline's passage in Iowa

    Updated: 1 hr ago

    DES MOINES, Iowa (AP) — Iowa utilities regulators are considering whether to allow a Texas company to bury 346 miles of a crude oil pipeline under farmland and give it authority to use eminent domain to force unwilling landowners to sign easements. Iowa is the only state yet to approve the...

  • Bleisure: Zika casts a pall on some company getaways

    Updated: 1 hr ago

    NEW YORK (AP) — It seemed like such a great idea: A company planned a business trip this winter to a warm place that would bring the entire staff together. But now, concerns about Zika are keeping 10 of the company's 50 employees home. The company, Parse.ly, an analytics company that helps...

  • Garmin buys Maine-based GPS products company DeLorme

    Updated: 1 hr ago

    YARMOUTH, Maine (AP) — Swiss-based Garmin Ltd. is buying DeLorme, a Maine-based producer of maps and hand-held satellite communications devices. Garmin said Thursday that DeLorme will operate as a research and development facility and most of its 92 workers will be retained. Under the deal,...

  • Cruz app data collection helps campaign read minds of voters

    Updated: 1 hr ago

    WASHINGTON (AP) — Protecting the privacy of law-abiding citizens from the government is a pillar of Ted Cruz's Republican presidential candidacy, but his campaign is testing the limits of siphoning personal data from supporters. His "Cruz Crew" mobile app is designed to gather detailed...

  • Mylan and Bank of America slide, TripAdvisor and Cisco climb

    Updated: 1 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 Bank of America Corp., down 82 cents to $11.16 Bank stocks slid after France's Societe Generale warned about its profits, adding to investors' worries...

  • Utility says it has stopped natural gas leak near Los Angeles after nearly 4 months

    Updated: 1 hr ago

    LOS ANGELES (AP) — Utility says it has stopped natural gas leak near Los Angeles after nearly 4 months.

  • Campaign signs get new life to help people with disabilities

    Updated: 1 hr ago

    DURHAM, N.H. (AP) — The oversized Carly Fiorina campaign signs along New Hampshire's Route 4 weren't enough to keep the Republican presidential hopeful's campaign alive past Tuesday's primary, but they could end up helping people with disabilities live their lives more independently. For the...

  • Alaska adopts new rules for dispersant use in oil spills

    Updated: 1 hr ago

    ANCHORAGE, Alaska (AP) — Alaska oil spill responders have adopted new rules for the rapid use of chemical dispersant but say dispersant will continue to be considered only rarely when mechanical cleanup is not practical. Chemical dispersant has been used on an oil spill just once in Alaska in...

  • What a recession does to your money

    Updated: 2 hr ago

    NEW YORK (AP) — If we are indeed in the midst of a recession — and we won't know we're in one until well after it's begun — stocks likely still have a long way to go down. The Standard & Poor's 500 index has dropped 14 percent since peaking last summer, and it joined markets around the world in...

  • Boeing stock plunges on report of SEC accounting probe

    Updated: 2 hr ago

    NEW YORK (AP) — Shares of the Boeing Co. plummeted Thursday after a report said the U.S. Securities and Exchange Commission is investigating the aircraft manufacturer's accounting. Shares of the Chicago-based company fell 12 percent at one point during the day, about an hour after Bloomberg...

  • Correction: Earns-Rapid7 story

    Updated: 2 hr ago

    BOSTON (AP) — In a story Feb. 10 about Rapid7 earnings — generated by Automated Insights using data from Zacks Investment Research — The Associated Press reported erroneously the company's full-year earnings. The company reported a net loss of $99.1 million, or $4 per share attributable to...



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