National business and financial news from NewsOK

  • A year later, cleanup still going for ND oil spill

    Updated: 3 hr ago

    BISMARCK, N.D. (AP) — One year after a pipeline rupture flooded a wheat field in northwestern North Dakota with more than 20,000 barrels of crude, Tesoro Corp. is still working around the clock cleaning up the oil spill — one of the largest to happen onshore in U.S. history. Cleanup costs have...

  • US stocks quietly move higher; IBM disappoints

    Updated: 3 hr ago

    NEW YORK (AP) — The U.S. stock market moved quietly higher Monday as investors decided to step back into a market that was rattled by white-knuckle turbulence last week. It was a rare move upward for a market that, for the most part, has been moving lower for the past month. The Standard &...

  • Owner pleads guilty in Vegas puppy store fire case

    Updated: 3 hr ago

    LAS VEGAS (AP) — A 35-year-old former Las Vegas pet shop owner pleaded guilty Monday to felony charges that could get her up to 24 years in state prison for setting fire to the business before 27 puppies and dogs were rescued earlier this year, a court official said. Gloria Eun Hye Lee pleaded...

  • Biden touts plans to fix 'Third World' NYC airport

    Updated: 3 hr ago

    NEW YORK (AP) — Vice President Joe Biden, who infamously dubbed New York City's outdated LaGuardia Airport "a third-world country," joined Gov. Andrew Cuomo at a news conference Monday to tout plans to improve the region's airports. Biden, the White House's loudest voice on the need to update...

  • About 550 W.Va. coal miners failed drug tests

    Updated: 3 hr ago

    CHARLESTON, W.Va. (AP) — In the last two years, more than 550 West Virginia coal miners have temporarily lost their mining certifications because they failed a drug test. State Office of Miner's Health, Safety and Training Eugene White released the numbers to a legislative panel Monday. Over...

  • Chipotle's profit tops expectations as sales surge

    Updated: 3 hr ago

    DENVER (AP) — Chipotle reported a third-quarter profit Monday that topped Wall Street expectations as sales continued to surge. The Mexican food chain said sales rose 19.8 percent at restaurants open at least a year for its third quarter. The better-than-expected performance comes as...

  • Apple Pay Q&A: What you need to know

    Updated: 4 hr ago

    CUPERTINO, Calif. (AP) — Apple's mobile payment system, Apple Pay, made its debut Monday. Now you can flash your new iPhone in the checkout line to pay for food, clothing and other goods. There's no need to pull out your credit card. But don't leave your wallet or purse behind quite yet:...

  • IBM and CSX are big market movers

    Updated: 4 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 IBM Corp., down $12.95 to $169.10 The technology company's quarterly profit missed expectations and it will pay $1.5 billion to shed its costly chip...

  • Facebook sues law firms, claims fraud

    Updated: 4 hr ago

    NEW YORK (AP) — Facebook is suing several law firms that represented a man who claimed he owned half of the social network and was entitled to billions of dollars from the company and its CEO Mark Zuckerberg. The case was dismissed in April and the man, Paul Ceglia, is facing related criminal...

  • US stocks close higher as turbulence fades

    Updated: 4 hr ago

    NEW YORK (AP) — U.S. stocks are closing with modest gains following last week's turbulence. All three main stock indexes ended higher. The Standard & Poor's 500 rose 17 points, or 0.9 percent, to 1,904 Monday. The Nasdaq rose 57 points, or 1.4 percent, to 4,316. The Dow Jones industrial...

  • IBM 3Q disappoints as it sheds 'empty calories'

    Updated: 4 hr ago

    NEW YORK (AP) — IBM disappointed investors Monday, reporting weak revenue growth again and a big charge to shed its costly chipmaking division as the tech giant tries to steer its business toward cloud computing and social-mobile services. Shares fell more than 7 percent as investors sold off...

  • Youths, tech workers duel over San Francisco field

    Updated: 4 hr ago

    SAN FRANCISCO (AP) — Teenage soccer players in San Francisco won an off-field victory over the city's technology workers after a videotaped confrontation gained national attention. Parks officials have agreed to stop allowing adults to reserve a soccer field in the Mission District...

  • Report oil found in Paraguay; gov't cautious

    Updated: 4 hr ago

    ASUNCION, Paraguay (AP) — A British energy company said on Monday that it made its first major oil discovery in Paraguay's Chaco Basin, though the government said it's too soon to tell if the find is commercially viable. Shares of London-based President Energy doubled after the oil explorer...

  • Sears plans to raise more cash via rights offering

    Updated: 4 hr ago

    HOFFMAN ESTATES, Ill. (AP) — Sears is looking to raise more cash, announcing that it is planning a rights offering that may raise up to $625 million. The company, which runs Kmart and its namesake stores, also said Monday that it struck a leasing deal with European fashion retailer Primark....

  • Shell Midstream Partners files for $750M IPO

    Updated: 5 hr ago

    NEW YORK (AP) — Shell Midstream Partners LP filed for an initial public offering that could be worth about $750 million before expenses and discounts. Shell Midstream was formed by Royal Dutch Shell, and it will focus on acquiring pipelines and other midstream assets. The master limited...

  • Submarine hunt sends Cold War chill across Baltic

    Updated: 5 hr ago

    STOCKHOLM (AP) — Sweden's biggest submarine hunt since the dying days of the Soviet Union has put countries around the Baltic Sea on edge. In a scene reminiscent of the Cold War, Swedish naval ships, helicopters and ground troops combed the Stockholm archipelago for a fourth day Monday for...

  • WTO rejects US country-of-origin labels for meat

    Updated: 5 hr ago

    WASHINGTON (AP) — Learning where the meat in your grocery store came from might get harder. In a ruling Monday, the World Trade Organization rejected U.S. rules requiring labels on packaged steaks, ribs and other cuts of meat identifying where the animals were born, raised and slaughtered. The...

  • Lorillard CEO to get $44M after Reynolds merger

    Updated: 5 hr ago

    RICHMOND, Va. (AP) — The CEO of Newport cigarette maker Lorillard Inc. is set to receive more than $44 million following the planned $25 billion merger with Reynolds American Inc., regulatory filings show. Murray Kessler is one of several Lorillard executives to receive compensation if they're...

  • Halliburton tops Street 3Q forecasts

    Updated: 6 hr ago

    HOUSTON (AP) — HOUSTON (AP) — Halliburton reported profit of $1.2 billion in its third quarter despite tumbling energy prices, and said it would boost its dividend by 20 percent. Oilfield service companies like Halliburton typically get squeezed when the energy prices tumble as major drillers...

  • Vehicles with air bag problem that should be fixed

    Updated: 7 hr ago

    The National Highway Traffic Safety Administration issued an urgent plea to more than 4.7 million car owners whose air bag inflators have been recalled to get them repaired. The air bags, especially in areas along the coast with high absolute humidity, have inflators that can rupture. If the air...

  • American, US Airways complete cargo combination

    Updated: 7 hr ago

    FORT WORTH, Texas (AP) — American Airlines and US Airways say they have finishes combining their cargo operations. American Airlines Group Inc. said Monday that it was the first time that operating divisions at the two carriers have become fully combined. The combined cargo unit will have...

  • For GOP's Scalise, being No. 3 boosts popularity

    Updated: 7 hr ago

    NEW ORLEANS (AP) — Let's count the ways Louisiana Rep. Steve Scalise has grown in popularity since he became the third most powerful man in the Republican-led House. More than a dozen political action committees, including the American Hotel and Lodging Association, Comcast, Capital One and the...

  • Tesoro strikes $2.5B deal with QEP

    Updated: 7 hr ago

    Tesoro Logistics LP said Sunday that it will acquire the natural gas gathering and processing business owned by QEP Resources Inc. in a $2.5 billion deal. The deal will add natural gas to Tesoro Logistics' portfolio, in turn boosting its revenue and expected quarterly distributions to...

  • NRC ending enhanced scrutiny at Browns Ferry

    Updated: 8 hr ago

    ATHENS, Ala. (AP) — Federal regulators are ending years of increased oversight at the Browns Ferry Nuclear Plant in north Alabama. The Nuclear Regulatory Commission said Monday it's returning the three-reactor plant to a normal inspection routine after more than four years of heightened...

  • Scotts Miracle-Gro to buy pest control company

    Updated: 8 hr ago

    NEW YORK (AP) — The Scotts Miracle-Gro Co. said Monday that it plans to buy Action Pest Control Inc., a Midwest company that helps rid homes and businesses of bedbugs, termites and other pests. The lawn and garden products maker did not say how much it would pay for Action Pest Control. The...



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