National business and financial news from NewsOK

  • Mastercard and Amazon are big market movers

    Updated: 13 hr ago

    NEW YORK (AP) — Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and the Nasdaq Stock Market: NYSE MasterCard Inc., up 65 cents to $82.03 The processor of debit and credit card payments reported better-than-expected fourth profit on a boost in consumer...

  • Government sells scandalized Teapot Dome oilfield for $45M

    Updated: 13 hr ago

    CHEYENNE, Wyo. (AP) — A private company finally will be able to drill legally for oil at Teapot Dome, a remote Wyoming oilfield that remains best known for a political scandal that embroiled the administration of President Warren G. Harding in the early 1920s. The Energy Department announced...

  • Stocks sag at the close; January finishes on weak note

    Updated: 13 hr ago

    NEW YORK (AP) — The stock market is sagging at the close as investors weigh a slowdown in the U.S. economy and corporate earnings. January was a rough month for markets. The Standard & Poor's 500 index fell 3 percent, its worse monthly performance in a year. On Friday, the Dow Jones industrial...

  • New Jersey mayors join opposition to drilling in Atlantic

    Updated: 13 hr ago

    Mayors of several New Jersey shore towns are joining with members of Congress from the state to oppose allowing oil drilling in the Atlantic Ocean. President Barack Obama's administration this week proposed allowing drilling rights to areas 50 miles off the coasts of Virginia, North and South...

  • Recalls this week: space heaters, orbital sanders

    Updated: 13 hr ago

    About 34,000 oil-filled space heaters are being recalled because they could spray heated oil, posing a scald hazard. Other recalled products this week include orbital sanders with a short-circuit hazard and candles that are a fire hazard. Here's a more detailed look: SPACE HEATERS DETAILS:...

  • Number of Las Vegas visitors in 2014 climbs to 41.1 million

    Updated: 13 hr ago

    LAS VEGAS (AP) — A record 41.1 million visitors descended on Las Vegas last year. The Las Vegas Convention and Visitors Authority confirmed Friday what it had already been anticipating: 41.1 million visitors, up 3.7 percent from 39.7 million in 2013, stayed overnight at the destination in 2014....

  • Billionaire: Taj Mahal benefit cuts an 'essential sacrifice'

    Updated: 14 hr ago

    ATLANTIC CITY, N.J. (AP) — The battle for the future of the Trump Taj Mahal casino heated up Friday as the National Labor Relations Board urged a judge to restore workers' benefits and soon-to-be-owner Carl Icahn said the cuts are "an essential sacrifice that must be made" to keep the casino...

  • Oil soars on signs US oil companies curtail production

    Updated: 14 hr ago

    NEW YORK (AP) — The price of oil is up 7 percent on indications that production in the U.S. has slowed following the big drop in prices since last June. U.S. oil surged $3.18 to $47.71 a barrel. Baker Hughes reported that the number of rigs drilling for oil in the U.S fell by 94 in the past...

  • Collection of recent editorals from Oklahoma newspapers

    Updated: 14 hr ago

    A collection of recent editorials from Oklahoma newspapers: ___ The Oklahoman, Jan. 30 — State Sen. David Holt, concerned that voter participation in Oklahoma has slipped through the years, has presented a raft of ideas to stem that tide. His colleagues at the statehouse should give his...

  • Kitzhaber: Fiancee's taxes raise legitimate questions

    Updated: 15 hr ago

    PORTLAND, Ore. (AP) — Oregon Gov. John Kitzhaber said Friday that legitimate questions have been raised about his fiancee's taxes after newspaper reports that income from a renewable energy group didn't appear on her tax returns. The Democratic governor said he and Cylvia Hayes file taxes...

  • FTC clears Sun Pharma's $4B purchase of competitor Ranbaxy

    Updated: 15 hr ago

    NEW YORK (AP) — Sun Pharmaceuticals will sell the rights to one generic drug as part of its purchase of competitor Ranbaxy Laboratories, U.S. antitrust regulators said Friday. The Federal Trade Commission said the companies will sell Ranbaxy's interests in generic minocycline, an antibiotic...

  • Jay-Z business makes bid for Aspiro music streaming company

    Updated: 15 hr ago

    NEW YORK (AP) — A business controlled by rapper Jay-Z has made a $56 million offer to buy the Scandinavian music streaming company Aspiro. Project Panther Bidco Ltd. has offered 1.05 Swedish kroner (13 cents) in cash per share of Aspiro AB. Aspiro's board has recommended that shareholders...

  • House Democrats' new message on the economy: We told you so

    Updated: 16 hr ago

    PHILADELPHIA (AP) — Democrats' new message on America's economic recovery is: We told you so, and we're going to keep telling you so. The economy is rebounding on nearly every front, even if the middle class still needs help, and it's time to tell that story loudly, top Democrats say. That's...

  • Meet Ida May Fuller, recipient of 1st Social Security check

    Updated: 16 hr ago

    LUDLOW, Vt. (AP) — Seventy-five years ago, the government cut 65-year-old Ida May Fuller a check. It was numbered 00-000-001 — the first Social Security payout. Fuller, of Ludlow, Vermont, didn't realize it at the time, but her check helped launch the granddaddy of all entitlement programs. And...

  • How to choose the right hearing aid for your specific needs

    Updated: 16 hr ago

    Tired of making people repeat themselves? Is cranking up the volume on the TV no longer enough help? That's a signal it's time to get your hearing checked and consider a hearing aid. In the last several years, the technology has advanced tremendously, hearing aids have become less conspicuous...

  • Court upholds deceptive ad claims against POM

    Updated: 17 hr ago

    WASHINGTON (AP) — A federal appeals court said Friday that many advertising claims for POM Wonderful juice were deceptive in asserting that it curbs the risk of heart disease, prostate cancer and erectile dysfunction and is clinically proven to work. In a 3-0 decision, the U.S. Court of Appeals...

  • Pilots at American and US Airways approve joint contract

    Updated: 17 hr ago

    DALLAS (AP) — Pilots at American Airlines and US Airways have approved a single labor contract. That's a step toward combining workforces at the two carriers, which merged in December 2013. The multiyear deal gives pilots a 23 percent pay raise retroactive to Dec. 2. The pilots' union said...

  • Cooper Tire & Rubber names new COO

    Updated: 17 hr ago

    FINDLAY, Ohio (AP) — Cooper Tire & Rubber Co. on Friday named a new chief operating officer, among other top leadership changes at the tire maker. The Findlay, Ohio-based company appointed Brad Hughes as its senior vice president and chief operating officer. He will take over in this newly...

  • AbbVie reports better-than-expected 4Q on Humira sales

    Updated: 17 hr ago

    NORTH CHICAGO, Ill. (AP) — Drugmaker Abbvie posted better-than-expected adjusted results for the fourth quarter on Friday because of double-digit growth of its blockbuster anti-inflammatory drug Humira. Sales of Humira increased 10.6 percent to $3.36 billion, offsetting lower sales of the...

  • Va. projects get funding to boost solar power deployment

    Updated: 17 hr ago

    RICHMOND, Va. (AP) — The Energy Department is providing funding for two Virginia-based projects aimed at boosting the deployment of solar power. Officials say the state projects are two of 15 across the country sharing more than $14 million to help communities develop plans to install solar...

  • Stock market heading lower in midday trading

    Updated: 17 hr ago

    NEW YORK (AP) — The stock market is heading lower in midday trading as investors sift through mixed economic and corporate news. The Dow Jones industrial average is down 172 points, or 1 percent, to 17,245 as of 11:45 a.m. Friday. The Standard & Poor's 500 fell 20 points, or 1 percent, to...

  • Barbie blues gave Mattel holiday disappointment

    Updated: 17 hr ago

    Slumping sales of Barbie did little to bring a happy holiday to her maker, Mattel Inc. Mattel's fourth-quarter earnings release Friday drilled down into the details of a weak performance that led to the resignation of its chairman and CEO. Barbie sales fell 12 percent, though that wasn't as...

  • US-backed Mexico dam project triggered protest, rare defeat

    Updated: 17 hr ago

    SANTA URSULA, Mexico (AP) — People in the hamlet of Santa Ursula began to worry when the logging started. In a few short weeks, more than a mile of densely forested riverbank was stripped from the Arroyo Sal to make way for heavy dredging equipment. Work was just beginning in late 2010 on an...

  • US economy slowed last quarter, but signs are pointing up

    Updated: 18 hr ago

    WASHINGTON (AP) — The U.S. economy slowed in the final three months of 2014, but a burst in consumer spending and the prospect of continued low energy prices are bolstering confidence that growth will strengthen this year. The economy, as measured by the gross domestic product, grew at a 2.6...

  • Ohio State expects $3M royalties bump after championship win

    Updated: 18 hr ago

    COLUMBUS, Ohio (AP) — Ohio State University is cashing in after the Buckeyes' victory in the NCAA's championship football game. The university expects a $3 million increase this year in royalties from licensed merchandise sales as fans continue to buy national championship gear and keepsakes,...



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