National business and financial news from NewsOK

  • US officials, Metro-North agree on safety equipment loan

    Updated: 7 hr ago

    HARTFORD, Conn. (AP) — Federal transportation officials and the Metropolitan Transportation Agency have agreed on a nearly $1 billion federal loan to install technology that could slow trains when necessary on the Metro-North Railroad and Long Island Railroad. Connecticut U.S. Sen. Richard...

  • Sheila Bair named president of private Maryland college

    Updated: 8 hr ago

    CHESTERTOWN, Md. (AP) — Sheila Bair, who led the Federal Deposit Insurance Corp. during the financial crisis, has been named president of Maryland's Washington College, a private liberal arts school. Bair will be the first female president of the liberal arts college, founded in 1782,...

  • Greenpeace wants Shell's lawsuit over protest dismissed

    Updated: 8 hr ago

    ANCHORAGE, Alaska (AP) — Attorneys for Greenpeace Inc. say Royal Dutch Shell PLC has demonstrated no harm from environmental protesters who boarded a ship carrying a drill rig last month. In a written motion, Greenpeace asked U.S. District Court Judge Sharon Gleason to reject Shell's request...

  • GAO: Gov't waste of natural gas costing taxpayers millions

    Updated: 8 hr ago

    WASHINGTON (AP) — Significant amounts of natural gas on federal lands are being wasted, costing taxpayers tens of millions of dollars each year and adding to harmful greenhouse gas emissions, a congressional investigation has found. The nonpartisan Government Accountability Office also said the...

  • The first self-driving vehicle you see may have 18 wheels

    Updated: 8 hr ago

    LAS VEGAS (AP) — Traveling about 55 miles per hour on a Nevada highway, the big rig's driver looked like The Thinker, with his elbow on the arm rest and his hand on his chin. No hands on the steering wheel, no feet on the pedals. Mark Alvick was in "highway pilot" mode, the wheel moving this...

  • Keurig Green Mountain slumps on 2Q results and lower outlook

    Updated: 8 hr ago

    WATERBURY, Vt. (AP) — Shares of Keurig Green Mountain fell in extended trading Wednesday after the maker of single-serve coffee brewing systems reported disappointing fiscal second-quarter results and cut its estimates for the year. Keurig said sales of its newer Keurig 2.0 system were slower...

  • Indiana Gov. Pence signs utility energy-efficiency bill

    Updated: 8 hr ago

    INDIANAPOLIS (AP) — Indiana Gov. Mike Pence has signed a new law to reduce state oversight of the energy efficiency programs of major utilities. Pence approved a measure Wednesday to allow major utility companies to develop their own efficiency programs and charge customers to implement them....

  • Report: 1,580 IRS workers evaded taxes over 10-year period

    Updated: 9 hr ago

    WASHINGTON (AP) — Nearly 1,600 IRS workers were found to have willfully evaded taxes over a 10-year period, including some who were responsible for enforcing the nation's tax laws, a government watchdog said Wednesday. It's a small percentage of the tax agency's employees — about 160 workers a...

  • Jesse Jackson keeps pressure on Silicon Valley to diversify

    Updated: 9 hr ago

    SAN FRANCISCO (AP) — Jesse Jackson renewed his call Wednesday for the technology industry to make workforce diversity as high a priority as product innovation. The civil rights leader spoke at a gathering of corporate executives and activists called to address Silicon Valley's shortage of...

  • Manhole explodes by New York's Penn Station; hotel evacuated

    Updated: 9 hr ago

    NEW YORK (AP) — A manhole explosion near New York City's Penn Station has led to the evacuations of a hotel and the studios of Al Jazeera America. It also has snarled traffic and affected area phone, Internet and cable service. Fire officials say there were no injuries when the midtown...

  • Pharmaceutical firm wants lethal injection drugs returned

    Updated: 9 hr ago

    COLUMBUS, Ohio (AP) — A drugmaker has asked states to return supplies of the company's products that could be used for lethal injection in a broad request that included states that don't use the drugs in question. Lake Forest, Illinois-based Akorn sent the letter in March to attorney general's...

  • Drug developer Adaptimmune skids after IPO raises $191M

    Updated: 9 hr ago

    NEW YORK (AP) — Shares of cancer drug developer Adaptimmune fell Wednesday after the British company's initial public offering raised $191.3 million. Adaptimmune sold 11.3 million U.S.-traded shares, more than it originally expected. The shares priced at $17 each, at the high end of...

  • CVS to rebuild Baltimore locations damaged during protests

    Updated: 9 hr ago

    BALTIMORE (AP) — CVS Health says it will rebuild its store locations that were badly damaged by fire last week during protests in Baltimore. CVS Health President and CEO Larry Merlo said Wednesday he can't say exactly when damaged stores will reopen, but CVS is working to reopen them as soon as...

  • Woman in DuPont economic espionage case pleads guilty

    Updated: 10 hr ago

    SAN FRANCISCO (AP) — A woman pleaded guilty to conspiracy to tamper with evidence after being accused with her husband and former DuPont employees of stealing and selling trade secrets to China for a highly coveted whitener used in cars, Oreo cookies and a variety of other products. The plea on...

  • Lending Club jumps as online lending continues to grow

    Updated: 10 hr ago

    NEW YORK (AP) — Everyone wants in the Club. Shares of Lending Club advanced 4 percent Wednesday after the company reported better-than-expected results and raised its full-year outlook as more people discover peer-to-peer lending as a cheaper alternative to a traditional bank. It's a positive...

  • Herbalife and Zulily are big market movers

    Updated: 10 hr ago

    NEW YORK (AP) — Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and the Nasdaq Stock Market: NYSE Herbalife Ltd., up $6.60 to $46.69 The seller of supplements and weight-loss products reported better-than-expected first-quarter profit and boosted its...

  • Germanwings co-pilot practiced descents hours before crash

    Updated: 10 hr ago

    PARIS (AP) — The co-pilot of Germanwings Flight 9525 appears to have practiced sending the jetliner into a deadly descent on another flight, just two hours before he intentionally crashed it into the French Alps, investigators said Wednesday. The revelation appeared to support the theory that...

  • Exterminator goes on trial in Philadelphia doctor's death

    Updated: 10 hr ago

    PHILADELPHIA (AP) — A pediatrician researching tuberculosis, HIV and other infectious diseases was strangled by an exterminator after she questioned his work and was then tied up with equestrian gear and set on fire, a prosecutor said Wednesday in opening statements at his murder trial. Melissa...

  • US stocks close lower after weak jobs data; oil prices rise

    Updated: 10 hr ago

    NEW YORK (AP) — U.S. stocks are closing lower as investors worry about the economy, interest rates and stock valuations. Payroll processor ADP said hiring slowed in April to its weakest pace in nearly a year and a half. Traders were also concerned that Federal Reserve Chair Janet Yellen said...

  • Treasury to expand government checking account

    Updated: 10 hr ago

    WASHINGTON (AP) — The federal government, concerned about possible financial market disruptions from events such as cyberattacks, has decided to more than double the amount of money it keeps in its checking account. The Treasury Department announced Wednesday that it will aim to run an...

  • Study: Top tech firms bypassing Asian workers for exec jobs

    Updated: 11 hr ago

    SAN FRANCISCO (AP) — Google, Yahoo and other major technology companies are far more inclined to hire Asians as computer programmers than to promote them to become managers or executives, according to a study released Wednesday. The analysis uncovered a glaring imbalance between the number of...

  • Woman in DuPont economic espionage case pleads guilty

    Updated: 11 hr ago

    SAN FRANCISCO (AP) — A woman pleaded guilty to conspiracy to tamper with evidence after being accused with her husband and former DuPont employees of stealing and selling trade secrets to China for a highly coveted whitener used in cars, Oreo cookies and a variety of other products. The plea on...

  • Using a smartphone microscope to detect parasites in blood

    Updated: 11 hr ago

    WASHINGTON (AP) — Prick a finger and have the blood checked for parasites — by smartphone? Scientists are turning those ubiquitous phones into microscopes and other medical tools that could help fight diseases in remote parts of the world. In the newest work, University of California, Berkeley,...

  • Cablevision CEO wants New York cable deal

    Updated: 11 hr ago

    CHICAGO (AP) — The CEO of Cablevision said he wants deals with New York cable operators. Cablevision Systems Corp. is focused in the greater New York City area and has 3.1 million customers. New York is also a big market for the country's second-biggest cable company, Time Warner Cable Inc....

  • Role of government powers at issue in pension case

    Updated: 11 hr ago

    TRENTON, N.J. (AP) — New Jersey's top court weighed the budget repercussions of ruling on a pension dispute between Gov. Chris Christie and public workers' unions on Wednesday while one justice wondered if the state had engaged in a "bait and switch." The state Supreme Court probed whether the...



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