National business and financial news from NewsOK

  • Nintendo launching 'amiibo' with 12 characters

    Updated: 20 min ago

    LOS ANGELES (AP) — Pikachu and Link will be among the first characters coming to "amiibo." Nintendo announced Friday that 12 characters will initially be part of its upcoming toy-game franchise set for release later this year. In addition to the "Pokemon" and "Legend of Zelda" leading men, the...

  • US consumer spending dips 0.1 percent

    Updated: 31 min ago

    WASHINGTON (AP) — U.S. consumer spending fell in July, with a drop in auto purchases accounting for most of the weakness. Income growth also slowed. Consumer spending edged down 0.1 percent last month after a 0.4 percent increase in June, the Commerce Department reported Friday. It was the...

  • As stocks rise, so does anxiety: Time to get out?

    Updated: 1 hr ago

    NEW YORK (AP) — Is it time to cash out of stocks? The market has nearly tripled in a little over five years, and with each record close, the temptation grows to take your winnings and flee. If only you had done that in the crashes that began in 2000 and 2008, you might be a lot richer. Plenty...

  • US consumer spending dips 0.1 percent in July, first decline since January; income weak

    Updated: 1 hr ago

    WASHINGTON (AP) — US consumer spending dips 0.1 percent in July, first decline since January; income weak.

  • Feds reviewing Reynolds' deal to buy Lorillard

    Updated: 1 hr ago

    RICHMOND, Va. (AP) — Federal regulators are putting Reynolds American Inc.'s planned $25 billion takeover of rival cigarette maker Lorillard Inc. under the microscope. The nation's second-biggest tobacco company said Friday that the Federal Trade Commission has asked for additional information...

  • American Airlines introduces combined LGBT employee group

    By CASEY SMITH - Tulsa World | Updated: 2 hr ago

    In some ways, American Airlines is all-inclusive. American Airlines used social media Wednesday evening to introduce Pride, its newly combined LGBT — lesbian, gay, bisexual, transgender — employee resource group with US Airways. On its corporate Twitter and Facebook accounts, the airline...

  • Arkansas' Honorable nominated to federal post

    Updated: 2 hr ago

    LITTLE ROCK, Ark. (AP) — President Barack Obama has nominated the chairwoman of the Arkansas Public Service Commission to serve on the Federal Energy Regulatory Commission. The White House announced Thursday its nomination of Colette Honorable as a commissioner on the agency that regulates the...

  • Ala gas prices lower than for Labor Day 2013

    Updated: 4 hr ago

    BIRMINGHAM, Ala. (AP) — Driving to the lake or beach for Labor Day will be a little cheaper than last year. AAA of Alabama reports that the average price for a gallon of regular gasoline was $3.20 on Thursday. That's 14 cents less than at the same time last year, and AAA says it's 7 cents...

  • Man cited for mining coal without a permit

    Updated: 5 hr ago

    FRANKFORT, Ky. (AP) — Kentucky officials have cited an eastern Kentucky man for illegally mining coal in Letcher County. The Kentucky Division of Mine Safety and the Division of Mine Reclamation and Enforcement say Bryan Lee Wagner mined about 700 tons of coal at a surface mine. He has been...

  • Russian fund with US advisers eludes sanctions

    Updated: 6 hr ago

    WASHINGTON (AP) — As President Barack Obama warns of stepped-up economic punishments against Russia for its military incursions inside Ukraine, U.S. sanctions have so far avoided one prominent financial institution: the $10 billion Russian Direct Investment Fund, which has partnered with...

  • 190 citations issued during MSHA mine inspections

    Updated: 6 hr ago

    CHARLESTON, W.Va. (AP) — Federal impact inspections at U.S. mine operations in July resulted in 190 citations and eight orders. The Mine Safety and Health Administration conducted the inspections at 15 coal mines and three other mines. There have been nearly 800 impact inspections since April...

  • Officials say oil ill effects reach MT reservation

    Updated: 11 hr ago

    POPLAR, Mont. (AP) — Tribal officials say eastern Montana's Fort Peck Indian Reservation is feeling the adverse effects of the drilling boom on the nearby Bakken oil fields. Fort Peck Assiniboine and Sioux tribes chairman Rusty Stafne says crime has increased but the reservation isn't seeing...

  • Online list IDs water wells harmed by drilling

    Updated: 12 hr ago

    PITTSBURGH (AP) — Six years into a natural gas boom, Pennsylvania has for the first time released details of 243 cases in which companies prospecting for oil or gas were found by state regulators to have contaminated private drinking water wells. The Department of Environmental Protection on...

  • Thai worker settlements with Hawaii farms at risk

    Updated: 12 hr ago

    HONOLULU (AP) — A federal judge in Hawaii says she won't consider approving $2.4 million in settlements for hundreds of Thai farm workers until the U.S. Equal Employment Opportunity Commission holds a news conference clarifying that the agreements are still subject to court approval. U.S....

  • Google building fleet of package-delivering drones

    Updated: 12 hr ago

    SAN FRANCISCO (AP) — Google's secretive research laboratory is trying to build a fleet of drones designed to bypass earthbound traffic so packages can be delivered to people more quickly. The ambitious program announced Thursday escalates Google's technological arms race with rival

  • US regulators rap faulty water pump at Millstone

    Updated: 13 hr ago

    WATERFORD, Conn. (AP) — The U.S. Nuclear Regulatory Commission said Thursday it could impose more inspections and greater oversight of the state's nuclear power plant due to repeated problems with a critical water pump. The agency issued its findings from an inspection of Millstone Power...

  • Feds say balance struck in California logging plan

    Updated: 13 hr ago

    FRESNO, Calif. (AP) — U.S. Forest Service officials say they tried to balance competing interests in a plan that will allow loggers to remove trees killed in a massive Central California wildfire last year. Environmentalists, however, have called it a travesty. The highly awaited decision...

  • Resolution to oppose nuke waste near Lake Huron

    Updated: 13 hr ago

    SAGINAW, Mich. (AP) — A member of Congress from Michigan says he'll sponsor a resolution opposing a Canadian power company's plan to bury waste from nuclear plants less than a mile from Lake Huron. Democratic Rep. Dan Kildee announced his plan Thursday during a boat trip on Saginaw Bay. His...

  • Flight diverts to Boston over reclined-seat upset

    Updated: 13 hr ago

    BOSTON (AP) — An outburst over a reclined seat led an American Airlines flight to divert to Boston, at least the second such incident in the U.S. this week, authorities said. Passenger Edmund Alexandre became upset after a woman reclined the seat in front of him on the Miami-to-Paris flight on...

  • Dollar General still wants to buy Family Dollar

    Updated: 14 hr ago

    NEW YORK (AP) — Dollar General Corp. said it still wants to buy rival Family Dollar, even though its nearly $9 billion offer was rejected by the discount retailer last week. "We remain firmly committed to the acquisition," Dollar General CEO Rick Dreiling said in a statement on Thursday. Last...

  • Shell files revised Arctic offshore drilling plan

    Updated: 14 hr ago

    ANCHORAGE, Alaska (AP) — Royal Dutch Shell PLC has filed a revised Arctic offshore drilling plan with federal regulators but says the company hasn't decided whether to return to waters off the coast of northwest Alaska in 2015. The revised exploration plan submitted to the Bureau of Ocean...

  • Obama sets no timeline for action on immigration

    Updated: 14 hr ago

    WASHINGTON (AP) — With a self-imposed deadline looming, President Barack Obama said Thursday he still intends to act on his own to change immigration policies but stopped short of reiterating his past vows to act by end of summer. Obama raised the slim hope that Congress could take action on a...

  • Abercrombie name to shrink from clothing

    Updated: 15 hr ago

    NEW YORK (AP) — The Abercrombie & Fitch logo has lost the power it once wielded. Shares of Abercrombie & Fitch Co. fell Thursday after the retailer reported weak sales as more teens shop elsewhere. The company is trying to stock trendier clothing — and it turns out that means stripping off the...

  • Los Angeles utility worker shocked by power line

    Updated: 15 hr ago

    LOS ANGELES (AP) — Authorities say a Los Angeles Department of Water and Power employee is in critical condition after he was shocked by a 4,800-volt power line. The agency says the employee was working on overhead electrical lines in Encino when he touched a wire shortly before 11:30 a.m....

  • Visual search to shop: gimmick or game changing?

    Updated: 15 hr ago

    NEW YORK (AP) — Imagine using your phone to snap a photo of the cool pair of sunglasses your friend is wearing and instantly receiving a slew of information about the shades along with a link to order them. It's a great idea — but it doesn't quite work. Though many companies are trying to make...