National business and financial news from NewsOK

  • Cloud business lifts Microsoft's quarterly results

    Updated: 14 hr ago

    SAN FRANCISCO (AP) — Microsoft's quarterly profit and revenue sailed past expectations Thursday, as CEO Satya Nadella's push to embrace cloud computing and diversify into mobile devices helped lift sales by 25 percent. Revenue from cloud services, including software delivered over the Internet,...

  • A blue Christmas for Amazon?

    Updated: 14 hr ago

    NEW YORK (AP) — It might be a blue Christmas for Amazon. The world's largest online retailer gave a disappointing forecast for the crucial holiday season. The company also reported a wider loss than analysts expected for the third quarter. Amazon has been investing heavily in an array of new...

  • AMC enters joint venture to operate BBC America

    Updated: 14 hr ago

    NEW YORK (AP) — AMC Networks Inc. said Thursday it will pay $200 million to acquire a stake in BBC America. The entertainment company known for shows such as "The Walking Dead" and "Mad Men" will have a 49.9 percent equity stake in the cable channel that is home of shows such as "Doctor Who"...

  • Sears refutes store-closing report

    Updated: 14 hr ago

    NEW YORK (AP) — Sears Holdings Corp. discredited a report Thursday that says it will be shuttering 116 Sears and Kmart stores, resulting in the layoffs of more than 6,000 workers. Seeking Alpha, a crowd-sourced financial news and market tracker, reported that Pennsylvania, Michigan and Indiana...

  • Glass maker deals to exit Apple, Arizona plant

    Updated: 15 hr ago

    PHOENIX (AP) — Nearly 2,000 furnaces installed in an Arizona factory to make synthetic sapphire glass for Apple Inc. will be removed and sold under a deal between the tech giant and the company that had been gearing up to produce huge amounts of the product for use in Apple's products....

  • Juniper beats Street 3Q forecasts

    Updated: 15 hr ago

    SUNNYVALE, Calif. (AP) — Juniper Networks Inc. on Thursday reported a better-than-expected third quarter and announced plans to increase its share repurchases. But a weak fourth-quarter outlook sent the computer network equipment maker's shares down in extended trading. The Sunnyvale,...

  • NY court backs EMI over Duke Ellington royalties

    Updated: 15 hr ago

    ALBANY, N.Y. (AP) — The state's highest court on Thursday sided with EMI in the music publisher's dispute with Duke Ellington's heirs, but acknowledged global industry consolidation has made contracts like his much more favorable to publishers. The late pianist, bandleader and composer wrote...

  • Enticing low rates, but impact could be limited

    Updated: 16 hr ago

    WASHINGTON (AP) — With mortgage rates sliding for a fifth straight week, the possibility of locking in a rate below 4 percent is tempting for consumers and could unleash a wave of refinancing. It may even convince some Americans to buy their first home. Yet there are limits to how far the wave...

  • Gasoline prices in Arizona at $3.04 per gallon

    Updated: 16 hr ago

    PHOENIX (AP) — Gasoline prices around Arizona have fallen to their lowest level since January 2013. Officials with Triple-A Arizona said Thursday that the average statewide price for unleaded regular gasoline is $3.04 a gallon. That's almost 10 cents lower than last week. This week's national...

  • 1 killed, 11 injured in German gas pipe explosion

    Updated: 16 hr ago

    BERLIN (AP) — Authorities say one person was killed and 11 were injured in an explosion after a gas pipe was damaged during construction work in a western German city. Police in Ludwigshafen said the explosion outside a house in the city happened midday Thursday. Gas transport company Gascade...

  • New Jersey files defense of sports betting effort

    Updated: 16 hr ago

    NEWARK, N.J. (AP) — Claims that New Jersey's plan to allow legal sports gambling violates federal law are meritless, the state wrote in a court filing in response to efforts by four major U.S. pro sports leagues and the NCAA to stop gambling from beginning this weekend. The state filed the...

  • 4 more workers allege racial bias at Daimler plant

    Updated: 16 hr ago

    PORTLAND, Ore. (AP) — Oregon expanded its investigation into discrimination at the Portland truck-making plant of German automotive giant Daimler AG after four more employees came forward with allegations of racial harassment. The four new civil rights complaints against Portland-headquartered...

  • Pfizer approves $11B stock repurchase plan

    Updated: 16 hr ago

    NEW YORK (AP) — Drugmaker Pfizer says it approved the repurchase of $11 billion in company stock. The New York company did not say when it would buy back the shares. Pfizer has $1.3 billion remaining from its latest stock repurchase program. Repurchasing shares can help support a company's...

  • Yelp and Caterpillar are big market movers

    Updated: 16 hr ago

    NEW YORK (AP) — Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and the Nasdaq Stock Market: NYSE Yelp Inc., down $13.06 to $57.17 The online business reviews company reported better-than-expected financial results, but its outlook fell short of...

  • Optimize your game plan for holiday toy shopping

    Updated: 16 hr ago

    NEW YORK (AP) — Looking for the holiday season's hot toys, like anything related to Disney's "Frozen"? Or maybe you're not picky and just looking for deals? Toy sellers are increasingly catering to time-starved, budget-conscious shoppers with new features on websites or improved layouts in the...

  • US tech firm fined for underpaying Indian workers

    Updated: 17 hr ago

    SAN FRANCISCO (AP) — A Silicon Valley company is paying more than $43,000 in back wages and penalties after labor regulators found eight employees brought from India were grossly underpaid and overworked while assigned to a special project in the U.S. The probe announced this week by the U.S...

  • Stocks surge as US companies report higher profits

    Updated: 17 hr ago

    NEW YORK (AP) — Stocks are closing with big gains after several major U.S. companies reported higher profits. Caterpillar and 3M led the gains among industrial stocks, which rose significantly more than the rest of the market. Caterpillar rose 5 percent and 3M rose 4 percent after each company...

  • Allegiant flight returns safely to Vegas airport

    Updated: 17 hr ago

    LAS VEGAS (AP) — An Allegiant Airlines flight returned shortly after takeoff to McCarran International Airport in Las Vegas after a report of possible engine trouble. Allegiant spokesman Micah Lillard says flight 580 took off for Bellingham, Washington, about 9 a.m. Thursday and landed safely...

  • Fuel costs ease, US airline profits soar

    Updated: 17 hr ago

    DALLAS (AP) — Profits are soaring at the biggest U.S. airlines as fuel prices drop — but don't expect fares to fall too. Heading into the busy holiday-travel period, the airlines expect even cheaper fuel, thanks to the nosedive in crude oil prices. The price of jet fuel, an airline's biggest...

  • Comcast wins more Internet customers, ad sales up

    Updated: 18 hr ago

    NEW YORK (AP) — Comcast Corp.'s third-quarter net income jumped 50 percent in the third quarter, helped by a one-time tax settlement, growth in Internet subscribers and fewer defectors from its cable service. Its shares rose more than 3 percent in afternoon trading. Comcast is in the midst of...

  • Raytheon tops Street 3Q forecasts

    Updated: 18 hr ago

    WALTHAM, Mass. (AP) — Raytheon Co. (RTN) on Thursday reported third-quarter net income of $515 million. On a per-share basis, the Waltham, Massachusetts-based company said it had profit of $1.65, beating Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment...

  • Celgene 3Q profit climbs; company lifts outlook

    Updated: 18 hr ago

    NEW YORK (AP) — Celgene Corp. said Thursday that its net income climbed 37 percent in the third quarter, and the biotechnology company raised its forecast for the full year. Celgene also announced a new cancer drug development partnership with a price tag that could top $1 billion. Its shares...

  • Dow average surges 300 points, driven by stronger corporate earnings; 3M, Caterpillar jump

    Updated: 18 hr ago

    NEW YORK (AP) — Dow average surges 300 points, driven by stronger corporate earnings; 3M, Caterpillar jump.

  • Report: Better shields needed for private tax data

    Updated: 19 hr ago

    WASHINGTON (AP) — The federal government and the states should improve how they protect the security of confidential tax information of people getting benefits under the 2010 health care law, federal investigators said Thursday. Federal and state agencies operating health insurance exchanges —...

  • US: IS earns $1M per day in black market oil sales

    Updated: 19 hr ago

    WASHINGTON (AP) — Islamic State militants are raking in money at a remarkable rate, earning about $1 million a day from black market oil sales alone, a Treasury Department official said Thursday. David Cohen, who leads the department's effort to undermine the Islamic State's finances, said the...



Advertisement

VIDEOS