National business and financial news from NewsOK

  • Obama order to expand labor rights for contractors

    Updated: 1 hr ago

    WASHINGTON (AP) — President Barack Obama is preparing to sign an executive order cracking down on labor violations by companies that contract with the federal government, the White House said Wednesday. Obama's order will require companies seeking federal contracts valued at more than $500,000...

  • Boston protesters rally against gas pipeline

    Updated: 1 hr ago

    BOSTON (AP) — Opponents of expanding a natural gas pipeline through northwestern Massachusetts rallied on Boston Common on Wednesday, asking Gov. Deval Patrick to rescind his support for a new tax on New Englanders' electricity bills to help subsidize it. The protest, attended by hundreds of...

  • Whole Foods plans major marketing push

    Updated: 2 hr ago

    NEW YORK (AP) — Whole Foods is getting ready to launch its first national marketing campaign and expand home delivery as it looks to fend off bigger players muscling into the organic and natural foods category. The company, based in Austin, Texas, said the marketing campaign this fall will...

  • J&J withdraws fibroid treatment device from market

    Updated: 2 hr ago

    WASHINGTON (AP) — Johnson & Johnson is asking surgeons not to use a line of devices for removing growths from the uterus amid regulators' growing concern that the electronic surgical tools raise the risk of spreading cancer to other parts of the body. In April, J&J suspended sales of the...

  • US judge slaps $1.3B fine on Bank of America

    Updated: 2 hr ago

    NEW YORK (AP) — A federal judge imposed a $1.3 billion civil penalty against Bank of America on Wednesday for its role in selling risky mortgages to Fannie Mae and Freddie Mac that were advertised as safe investments. The fine was against Countrywide Financial, which Bank of America purchased...

  • Congress cooperates _ and fights _ as recess nears

    Updated: 2 hr ago

    WASHINGTON (AP) — Eager to begin a monthlong break, Congress leavened its customary heavy partisanship on Wednesday with a pinch of compromise, advancing legislation to repair the deeply troubled Department of Veterans Affairs and working to clear funds for highway construction at home and...

  • Judge: Peanut salmonella trial may exceed 2 months

    Updated: 2 hr ago

    ALBANY, Ga. (AP) — The trial of three people charged in a deadly salmonella outbreak linked to a southwest Georgia peanut plant could keep jurors tied up for more than two months, the trial judge said Wednesday. U.S. District Court Judge W. Louis Sands told several dozen people called for jury...

  • House authorizes GOP-led plan to sue Obama alleging he exceeded constitutional powers

    Updated: 2 hr ago

    WASHINGTON (AP) — House authorizes GOP-led plan to sue Obama alleging he exceeded constitutional powers.

  • Judge says Crystal CEO should testify in lawsuit

    Updated: 3 hr ago

    FARGO, N.D. (AP) — American Crystal Sugar Co. CEO David Berg should testify in a federal lawsuit pitting the refined sugar manufacturers against the corn syrup industry, a federal judge ruled Wednesday after presiding over a hearing in the case. Berg, head of the largest sugar beet processor in...

  • New 'know your customer' rules proposed for banks

    Updated: 3 hr ago

    WASHINGTON (AP) — The U.S. government is proposing new rules for banks and other financial firms aimed at preventing the use of anonymous companies to launder illicit profits. The Treasury Department opened the proposal Wednesday to public comment for 60 days. The so-called "know your customer"...

  • Probe exposes flaws behind HealthCare.gov rollout

    Updated: 3 hr ago

    WASHINGTON (AP) — Management failures by the Obama administration set the stage for computer woes that paralyzed the president's new health care program last fall, nonpartisan investigators said in a report released Wednesday. While the administration was publicly assuring consumers that they...

  • Report: Jet hit unlisted pole in fatal Ga. crash

    Updated: 3 hr ago

    THOMSON, Ga. (AP) — A private jet hit a utility pole that wasn't listed on aeronautical charts before running into trees and bursting into flames last February, killing a Georgia vascular surgeon and four colleagues, federal investigators said in a report released Wednesday. National...

  • Boeing will handle final assembly of 787-10 in SC

    Updated: 3 hr ago

    NEW YORK (AP) — Boeing said final assembly of its 787-10 plane, a planned larger version of its "Dreamliner" aircraft, will take place in South Carolina. The company says the work will be done in North Charleston, South Carolina, because the plane is too large to efficiently transport it from...

  • Correction: Exxon Mobil-Gay Rights story

    Updated: 4 hr ago

    IRVING, Texas (AP) — In a story July 22 about new federal anti-discrimination rules, The Associated Press reported erroneously the value of Exxon Mobil Corp. shares held by investors who supported amending the company's equal employment opportunity statement. The New York state comptroller said...

  • Terror threats at chemical plants underestimated

    Updated: 4 hr ago

    WASHINGTON (AP) — The government is underestimating the threat of a chemical attack on America's densely populated cities and has failed to inspect virtually all of the chemical facilities that it considers particularly vulnerable to terrorists, congressional investigators say. The yearlong...

  • Fed offers a dual message on health of US economy

    Updated: 4 hr ago

    WASHINGTON (AP) — The Federal Reserve offered a mixed message on the U.S. economy Wednesday: Growth is strengthening, and the unemployment rate is steadily falling. Yet by some measures, the job market remains subpar. A statement the Fed issued after a two-day policy meeting suggested it wants...

  • Stocks flatten out after Fed delivers no surprises

    Updated: 4 hr ago

    NEW YORK (AP) — A cheerful report on the U.S. economy, rising profits and no surprises from the Federal Reserve left the stock market nearly where it started on Wednesday. The news was nearly all good. The government said that the economy grew at a robust 4 percent annual rate this spring....

  • Winemakers want NY to deny gas storage permits

    Updated: 4 hr ago

    ALBANY, N.Y. (AP) — Finger Lakes winemakers and other business owners asked Gov. Andrew Cuomo on Wednesday to deny permits for natural gas and propane storage facilities in former salt mines along Seneca Lake, saying the projects would bring heavy industry, more truck traffic and an unacceptable...

  • Ohio: 2nd fine levied against prison food vendor

    Updated: 4 hr ago

    COLUMBUS, Ohio (AP) — The state on Wednesday announced a second fine against the private vendor that took over the job of feeding inmates last year as the company defended its operations before a prisons oversight committee. The $130,200 fine against Philadelphia-based Aramark Correctional...

  • Twitter and DreamWorks are big market movers

    Updated: 4 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 Twitter Inc., up $7.71 to $46.30 The short messaging service reported stronger-than-expected quarterly profit as revenue more than doubled and its user...

  • A look at the EU's new sanctions against Russia

    Updated: 5 hr ago

    BRUSSELS (AP) — The European Union's sanctions against Russia are bound to inflict pain on the country's ailing economy. While still narrowly targeted, they come as a warning shot to convince Moscow to change its Ukraine policies or face even tougher penalties. Here's a look at the sanctions...

  • GOP blocks tax hike on firms moving overseas

    Updated: 5 hr ago

    WASHINGTON (AP) — Republican senators blocked an election-year bill Wednesday to limit tax breaks for U.S. companies that move operations overseas. The bill would have prohibited companies from deducting expenses related to moving their operations to a foreign country. It also would have...

  • Senate reprieve for highly contested border bill

    Updated: 5 hr ago

    WASHINGTON (AP) — A bill to deal with the immigration surge on the U.S.-Mexico border won a temporary reprieve in the Senate Wednesday as lawmakers maneuvered to offer some response to the crisis before adjourning for the summer. Senators voted 63-33 to advance the $3.5 billion emergency...

  • Sanctions will damage Russia if not lifted quickly

    Updated: 5 hr ago

    MOSCOW (AP) — U.S. and European sanctions against Russia's energy and finance sectors are strong enough to cause deep, long-lasting damage within months unless Moscow persuades the West to repeal them by withdrawing support for Ukrainian insurgents. The U.S. and European Union released details...

  • Processing issue delays bar exam submissions

    Updated: 5 hr ago

    BUFFALO, N.Y. (AP) — Law school graduates sweated their way through the second and final day of their bar exams Wednesday, some relieved to see paper and pencil after running into a technical glitch that kept test takers in several states from uploading the first day's answers from their...



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