National business and financial news from NewsOK

  • Fire at Saudi oil company residential complex kills 6

    Updated: 7 min ago

    DUBAI, United Arab Emirates (AP) — Saudi civil defense officials say the casualty toll from a fire at a sprawling residential complex in the kingdom's oil-rich east has risen to six people killed and more than 200 injured. The Interior Ministry's General Directorate of Civil Defense provided...

  • Social Security Q&A

    By The Social Security Administration | Published: Sun, Aug 30, 2015

    Social Security Q&A for Sunday, Aug. 30, 2015.

  • Taking Stock: Financial newsletter author Stansberry mostly writes fiction, has had run-ins with regulators

    By Malcolm Berko | Published: Sun, Aug 30, 2015

    Malcolm Berko: Porter Stansberry has gained prominence on Yahoo, but Malcolm Berko points out Stansberry's run-ins with regulators over a get-rich-quick scheme among other troubles.

  • Eagle & Beagle for Sunday, Aug. 30, 2015

    By Don Mecoy Business Editor | Published: Sun, Aug 30, 2015

    Don Mecoy: Eagle & Beagle is a weekly look at Oklahoma-based companies' high-performing (eagle) and low-performing (beagle) stocks.

  • Fed Vice Chair Fischer keeps open possibility of Sept. hike

    Updated: 14 hr ago

    WASHINGTON (AP) — Federal Reserve Vice Chairman Stanley Fischer left the door open Saturday for a Fed rate increase in September, saying the factors that have kept inflation below the central bank's target level have likely begun to fade. Fischer said there's "good reason to believe that...

  • Editorials from around New England

    Updated: 15 hr ago

    Excerpts of recent editorials of statewide and national interest from New England newspapers: The Providence Journal (R.I.), Aug. 23, 2015 President Obama's Iran nuclear deal, even in the outline initially revealed to the American people, seemed to substitute appeasement for firmness against...

  • Berkshire Hathaway builds stake in refiner Phillips 66

    Updated: 15 hr ago

    Billionaire investor Warren Buffett's company has amassed a stake worth nearly $4.5 billion in Phillips 66 more than a year after trading a chunk of its holding in the oil refiner for a chemical business investment. A regulatory filing says Berkshire Hathaway Inc. has accumulated about 58...

  • Pro teams push California to offer high-stakes raffles

    Updated: 16 hr ago

    SACRAMENTO, Calif. (AP) — The pitch is for charity, but the call could favor California's professional sports teams. California's major league sports clubs and a leading raffle vendor are lobbying state lawmakers for the exclusive right to conduct charitable gambling at professional sports...

  • In Alaska, Obama to walk fine line on climate change, energy

    Updated: 16 hr ago

    WASHINGTON (AP) — With melting glaciers and rising seas as his backdrop, President Barack Obama will visit Alaska next week to press for urgent global action to combat climate change, even as he carefully calibrates his message in a state heavily dependent on oil. Obama will become the first...

  • Oregon hemp farmer says startup going slow

    Updated: 17 hr ago

    GRANTS PASS, Ore. (AP) — One of Oregon's first hemp farmers says a lack of seed is making it tough to get going. Josephine County Commissioner Cheryl Walker says that fertile seed is expensive and hard to come by, because the federal government prohibits imports. Harvesting machinery is...

  • Wyoming Ethanol to suspend operations

    Updated: 17 hr ago

    TORRINGTON, Wyo. (AP) — The only ethanol plant in Wyoming will shut down because it can't compete with lower gasoline prices. The Wyoming Ethanol plant is located in Torrington, and the shutdown is expected to affect about 20 workers. Terry Oldfield is chief executive officer for Renova...

  • Algae drives down property values on Lake Champlain

    Updated: 18 hr ago

    GEORGIA, Vt. (AP) — The two cottages on the shore of Lake Champlain will someday be passed down to her children but Enid Letourneau worries the algae that turns the shoreline pea-soup green each August means they won't amount to much of an inheritance. "Would you go swimming in that? Would you...

  • Sandoval's back from European trade mission. What's next?

    Updated: 18 hr ago

    CARSON CITY, Nev. (AP) — Gov. Brian Sandoval and more than 60 business, government and education officials recently returned from a three-week trade mission to England, Ireland, Germany, Poland and Italy. The visit included meetings with dignitaries, tours of car factories and receptions...

  • Michelin recalls truck, RV tires prone to rupturing

    Updated: 18 hr ago

    Michelin is recalling around 104,000 BF Goodrich tires used for light trucks and recreational vehicles because the sidewalls can rupture under severe use conditions. The tire maker says no injuries or deaths have been tied to the problem. Michelin North America Inc. says the recall involves...

  • In reversal, abundant grain trains available for harvest

    Updated: 20 hr ago

    STERLING, N.D. (AP) — With a record fall harvest fast approaching, farmers are expecting to get the trains they need to move crops to market. It's a turnaround from the past two years when elevators across the Upper Great Plains were overflowing and mountains of grain were piled on the ground...

  • Norwegian TV to air fictional series about Russian invasion

    Updated: 22 hr ago

    COPENHAGEN, Denmark (AP) — In a move that has annoyed Russia, a Norwegian television channel says it will air a fictional TV drama depicting a Russian invasion of Norway after radical environmentalists seize power and freeze the Scandinavian nation's oil and gas industry. TV2 drama chief...

  • Business Q&A with Mark A. Craige

    BY PAULA BURKES | Updated: 22 hr ago

    Oklahoma business Q&A with Mark A. Craige: In the context of a reorganization, bad faith is determined by application of the “classic badges of a bad-faith bankruptcy filing” or what are often referred to as bad faith “factors.”

  • Workers overcome by gases at China paper mill, 7 die, 2 hurt


    BEIJING (AP) — Workers were overcome with toxic gas from a paper mill's waste pool and seven of them died, authorities said Saturday, in China's latest deadly accident involving dangerous chemicals. A worker who was cleaning the pool filled with pulp paper waste fell in and his co-workers...

  • Obama: US-Israel ties will improve after Iran deal in place


    WASHINGTON (AP) — President Barack Obama is comparing tensions between the U.S. and Israel over the Iranian nuclear deal to a family feud and says he expects quick improvements in ties between the longtime allies once the accord is implemented. "Like all families, sometimes there are going to...

  • Experts say tough talk on China overlooks economic realities


    CHARLESTON, S.C. (AP) — If there was ever a week for the Republican presidential candidates to talk tough on China, this was it. Spurred by the stock market's wild ride, they lashed out at the world's most populous nation. Wisconsin's Scott Walker demanded that President Barack Obama cancel an...

  • Ex-Subway ad exec says he didn't know of Fogle's sex crimes

    Updated: Fri, Aug 28, 2015

    NEW YORK (AP) — A former executive who was in charge of Subway's advertising says he wasn't aware of pitchman Jared Fogle's criminal sexual conduct with minors. Jeff Moody, who was CEO of the Subway Franchisee Advertising Fund Trust, said in a statement Friday that he was "shocked" to learn of...

  • GOP's tough talk doesn't square with US-China relationship

    Updated: Fri, Aug 28, 2015

    CHARLESTON, S.C. (AP) — If there was ever a week for the Republican presidential candidates to talk tough on China, this was it: Spurred by the stock market's wild ride, they lashed out at the world's most populous nation. Wisconsin's Scott Walker demanded President Barack Obama cancel an...

  • Venezuela extends border closure despite Colombia's protests

    Updated: Fri, Aug 28, 2015

    CARACAS, Venezuela (AP) — Venezuela President Nicolas Maduro on Friday broadened a crackdown on Colombian migrants and border smugglers that has drawn strong rebuke by Colombian leaders and international organizations. Speaking at a rally in Caracas, Maduro expanded the state of emergency and...

  • Calm on Wall Street: A turbulent week ends on a placid note

    Updated: Fri, Aug 28, 2015

    Well, that was exciting. Days after China threw the biggest scare into Wall Street in years, U.S. stocks have come surging back and ended the week Friday on a placid note that suggested the worst may be over for now. Even so, investors are buckling their seat belts for more turbulence ahead....

  • Stunt plane crashes ahead of NY air show, killing pilot

    Updated: Fri, Aug 28, 2015

    NEW WINDSOR, N.Y. (AP) — A pilot died when his propeller-driven stunt plane crashed while he was practicing tricks for a weekend air show in New York's Hudson Valley, state police said Friday. Trooper Steven Nevel said the accident happened around 2 p.m. Friday at Stewart International Airport...