National business and financial news from NewsOK

  • Committee OKs bill making gas production records public

    Updated: 26 min ago

    BOISE, Idaho (AP) — Idaho lawmakers on a Senate committee advanced to the full Senate a bill that will give the public access to oil and natural gas production records and that more closely follows national standards. The Senate Resources and Environment Committee on Monday unanimously approved...

  • Mylan tops 4Q profit forecasts before move overseas

    Updated: 30 min ago

    NEW YORK (AP) — Drugmaker Mylan on Monday reported an adjusted profit that topped analyst expectations. The company earned $189.2 million, or 47 cents per share, in the fourth quarter. That came to $1.05 per share when one-time charges and gains are excluded. Analysts expected $1.04 per share,...

  • Federal oil lease sale of western Gulf tracts set for August

    Updated: 34 min ago

    NEW ORLEANS (AP) — A federal lease sale offering 21 million acres in the western Gulf of Mexico for oil and gas exploration and development is set for August. The Bureau of Ocean Energy Management announced Monday that the sale of leases for areas off the Texas coast will take place in New...

  • Nasdaq 5,000: index passes dot-com milestone after 15 years

    Updated: 37 min ago

    NEW YORK (AP) — For the first time since its dot-com era peak nearly 15 years ago, the Nasdaq composite has closed above 5,000. Major U.S. indexes rose from the start, with the Nasdaq passing the milestone number shortly before noon. The tech-heavy index then dropped, but rose again toward the...

  • Senate passes $15 billion transportation package

    Updated: 45 min ago

    OLYMPIA, Wash. (AP) — The Senate on Monday approved a $15 billion transportation revenue package that includes an incremental gas tax increase of 11.7 cents over the next three years. The chamber passed the revenue bill on a 27-22 bipartisan vote and negotiations with the House will begin. They...

  • Russia, Ukraine reach gas deal to avoid cuts this month

    Updated: 51 min ago

    BRUSSELS (AP) — Russia and Ukraine reached an agreement late Monday to ensure natural gas supplies to war-torn Ukraine for the month of March, averting possible cuts that could have hit supplies to the European Union. The two countries have fought several gas price wars in past years and Moscow...

  • New FDA official inherits raft of projects, challenges

    Updated: 58 min ago

    WASHINGTON (AP) — One of the nation's leading medical researchers joined the Food and Drug Administration on Monday, taking on the agency's No. 2 leadership job at a critical juncture for prescription drugs, medical devices and tobacco products. Dr. Robert Califf comes to the job of FDA deputy...

  • Dot-com deja vu: Nasdaq tops 5,000, approaching record high

    Updated: 59 min ago

    NEW YORK (AP) — The last time the Nasdaq was this high, Bill Clinton was president, your Internet connection was probably still dial-up and the iPod, iPhone and iPad didn't exist. Fifteen years later the Nasdaq has again closed above 5,000 and is close to topping its record from the dot-com...

  • What to expect from Costco's new deal with Visa and Citi

    Updated: 1 hr ago

    NEW YORK (AP) — If you're shopping at Costco, you'll need a new credit card to pay for those family-sized packs of chicken breasts or toilet paper. After only accepting American Express the last 16 years, the retailer is switching to Visa and will use Citigroup as its exclusive provider of...

  • Lumber Liquidators and Endo are big market movers

    Updated: 1 hr ago

    NEW YORK (AP) — Stocks that moved substantially or traded heavily Monday on the New York Stock Exchange and the Nasdaq Stock Market: NYSE Freescale Semiconductor Ltd., up $4.25 to $40.36 The chipmaker agreed to be acquired by Dutch company NXP Semiconductors in a cash-and-stock deal worth...

  • Volkswagen CEO stands by cautious outlook

    Updated: 1 hr ago

    GENEVA (AP) — The CEO of Volkswagen AG is staying with his cautious outlook for this year, saying it's a "balanced statement" based on growth in the U.S., Europe and China versus trouble spots such as Russia and Brazil. Martin Winterkorn told The Associated Press that "I think it's quite a good...

  • Nurse who survived Ebola sues Dallas hospital system

    Updated: 1 hr ago

    DALLAS (AP) — The Dallas hospital that treated the first patient to be diagnosed in the U.S. with Ebola lied to Congress when it said its staff was trained to handle the deadly virus, a nurse who contracted the disease contends in a lawsuit filed Monday. Nina Pham, who was an intensive care...

  • Watchdog: Air traffic control system is a hacking risk

    Updated: 1 hr ago

    WASHINGTON (AP) — The nation's system for guiding planes and other aircraft is at "increased and unnecessary risk" of being hacked, according to a report by government watchdog released Monday. The Federal Aviation Administration has taken steps to protect the air traffic control system from...

  • Business leaders to rally for block on gas drilling method

    Updated: 1 hr ago

    ANNAPOLIS, Md. (AP) — Opponents of the natural gas drilling method known as fracking are rallying in Annapolis ahead of a hearing on prohibiting the practice in Maryland. A rally planned for Tuesday is being led by Don't Frack Maryland, a campaign of environmental activists and businesses in...

  • Lawyer for media fights gag order in mine disaster case

    Updated: 1 hr ago

    RICHMOND, Va. (AP) — A gag order in the criminal case of the West Virginia coal mine explosion that killed 29 men violates the First Amendment by barring virtually anyone from discussing it publicly, a lawyer for media organizations said Monday. David Schulz told a three-judge panel of the U.S....

  • Limits proposed for gas line group in alternate project

    Updated: 1 hr ago

    JUNEAU, Alaska (AP) — The speaker of the Alaska House has introduced legislation that would limit participation by the Alaska Gasline Development Corp., or AGDC, in an alternate gas pipeline project. The bill follows Gov. Bill Walker's proposal to increase the size of a smaller, in-state gas...

  • GOP: Our plan would help people losing health subsidies

    Updated: 1 hr ago

    WASHINGTON (AP) — Congressional Republicans sent a message Monday that they hope the Supreme Court and voters will hear: The country's health care system won't crumble if the justices obliterate a bedrock feature of President Barack Obama's heath care law. Three top senators said if the court...

  • City University of NY refunds tuition to some immigrants

    Updated: 1 hr ago

    NEW YORK (AP) — City University of New York is returning thousands of dollars to about 150 immigrant students who live illegally in the U.S. and overpaid for their tuition. A student group called CUNY Dreamers told school officials late last year that many such immigrant students in New York...

  • Box office top 20: Will Smith's 'Focus' on top with $18.7M

    Updated: 1 hr ago

    NEW YORK (AP) — Will Smith's crime caper "Focus" debuted with $18.7 million, according to final figures Monday, while the previous North American box office leader, "Fifty Shades of Grey," sunk to fourth place. The somewhat weak debut of Warner Bros.' R-rated "Focus," co-starring Margot Robbie,...

  • Boston commuter rail system operator fined over snow delays

    Updated: 1 hr ago

    BOSTON (AP) — The company that operates the state's commuter rail system has been fined more than $434,000 after nearly two-thirds of the trains were late or canceled during the heavy snowfalls that pounded the region last month, transit officials said Monday. Keolis Commuter Services had an...

  • Towns, counties ask for role in oil-gas rules in flood zones

    Updated: 1 hr ago

    DENVER (AP) — Towns and counties in north-central Colorado asked state regulators on Monday to recognize that local governments have the authority to restrict oil and gas drilling near waterways. The Northwest Colorado Council of Governments made the request to the Colorado Oil and Gas...

  • La. flood board to continue appeal in 'Big Oil' lawsuit

    Updated: 1 hr ago

    NEW ORLEANS (AP) — A New Orleans area flood-protection board voted 5-4 Monday against abandoning its appeal of the dismissal of a coastal erosion lawsuit against oil, gas and pipeline companies. The Southeast Louisiana Flood Protection Authority-East filed suit in 2013. It sought damages over...

  • Milestones for the Nasdaq composite index

    Updated: 1 hr ago

    Key milestones in the history of the Nasdaq composite index: — Feb. 8, 1971: Nasdaq index is created and set at 100 by the National Association of Securities Dealers, an industry self-regulatory group. — July 17, 1995: Closes above 1,000 for the first time. — Nov. 3, 1999: Closes above 3,000...

  • The Nasdaq composite index, then and now

    Updated: 1 hr ago

    It's taken 15 years for the Nasdaq composite index to approach the record high of 5,048 it reached back in March 2000, at the height of the tech-stock boom that would later collapse. On Monday the index closed above 5,000 points for the first time since hitting its peak. Here are some things...

  • Lawyer for media fights gag order in mine disaster case

    Updated: 2 hr ago

    RICHMOND, Va. (AP) — A lawyer for media organizations says a gag order in the criminal case of the West Virginia coal mine explosion that killed 29 men violates the First Amendment by barring virtually anyone from discussing it publicly. David Schulz told a three-judge panel of the U.S. 4th...



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