National business and financial news from NewsOK

  • Jury: Cable company largely responsible in fatal blast

    Updated: 6 hr ago

    KANSAS CITY, Mo. (AP) — Time Warner Cable must pay nearly $6 million as part of a lawsuit alleging it was largely responsible for a fatal natural gas explosion that leveled an upscale Kansas City restaurant, jurors ruled Thursday. Brothers David and Jimmy Frantze, who operated the popular JJ's...

  • Iowa power cooperative to add solar panels to the state

    Updated: 6 hr ago

    DES MOINES, Iowa (AP) — An Iowa power cooperative says it plans to add solar panels to the state to generate another source of energy. Central Iowa Power Cooperative said Thursday it plans to have the panels operational by the end of 2016. They're currently accepting bids for the work, which...

  • Company: Settlement reached in lawsuit over Gulf oil leak

    Updated: 6 hr ago

    NEW ORLEANS (AP) — A New Orleans energy company said Thursday it has reached a settlement agreement with environmental groups in a lawsuit stemming from the company's failed efforts to stop a decade-old, slow-motion oil spill in the Gulf of Mexico. A federal court filing Thursday stated that an...

  • Dole Food CEO, former top exec ordered to pay $148M

    Updated: 6 hr ago

    DOVER, Del. (AP) — A Delaware judge on Thursday ordered 92-year-old Dole Food CEO David Murdock and a former top lieutenant to pay $148 million in damages for misleading directors and shareholders in a deal that took the company private in 2013. The judge on Thursday said the billionaire...

  • St. Jude and Tiffany are big market movers

    Updated: 6 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 St. Jude Medical Inc., up $3.09 to $72.43 Abbott is preparing a takeover bid of up to $25 billion for the medical device maker, according to The...

  • Oil jumps 10 percent for biggest one-day gain since 2009

    Updated: 6 hr ago

    NEW YORK (AP) — Oil soared more than 10 percent Thursday, its biggest one-day gain since March 2009, lifted by resurgent global stock markets and a report showing the U.S. economy grew faster than previously reported in the second quarter. U.S. oil rose $3.96, or 10.3 percent, to $42.56 in New...

  • Environment groups: Settlement not final in oil leak lawsuit

    Updated: 6 hr ago

    NEW ORLEANS (AP) — The latest about a potential settlement of a lawsuit by environmental groups against a New Orleans company that failed to end a decade-old leak in the Gulf of Mexico (all times local) ___ 2:30 p.m. Environmental groups say they're pleased at the progress of talks with a New...

  • A Q&A with Wall Street's top psychiatrist on market turmoil

    Updated: 6 hr ago

    NEW YORK (AP) — When it seems like the stock market has lost its mind, big banks and investment firms often turn to one particular psychiatrist: Richard Peterson, CEO of MarketPsych, a firm that applies research from behavioral science to financial markets. MarketPsych's computer programs...

  • FDA lays out proposal for naming lower-cost biotech drugs

    Updated: 7 hr ago

    WASHINGTON (AP) — The Food and Drug Administration released its proposal Thursday for naming lower-cost biotech drugs, a critical step in creating a market for the new class of medicines. These quasi-generic biotech drugs have the potential to save the U.S. health care system billions of...

  • US regulators, Millstone nuke plant settle dispute

    Updated: 7 hr ago

    WATERFORD, Conn. (AP) — The parent company of Connecticut's nuclear plant and federal regulators have reached a settlement over the plant operator's decision, without regulatory approval, to halt the use of a safety-related pump in the event of a severe accident. The Nuclear Regulatory...

  • With eye on future foreign flights, Vegas airport to grow

    Updated: 7 hr ago

    LAS VEGAS (AP) — Las Vegas plans to double the number of international gates at McCarran International Airport with the expectation that foreign travel to the destination will climb as officials seek out prized direct flights, particularly with Asia. McCarran International Airport director...

  • Apple schedules new product event for Sept. 9

    Updated: 7 hr ago

    SAN FRANCISCO (AP) — Apple has announced plans for a new product event on Sept. 9 in San Francisco, where the giant tech company is expected to show off new iPhones and other gadgets. The company has introduced a new iPhone model every year around this time. But in typical fashion, Apple is...

  • Documents: Workers had no way to issue warning after spill

    Updated: 7 hr ago

    BILLINGS, Mont. (AP) — Members of a federal cleanup crew were initially trapped and unable to warn downstream communities that they had accidentally unleashed toxic waste water from a Colorado gold mine, according to government documents released Thursday. During that time, a trickle of water...

  • New estimate: Apple shipped 3.6 million watches last quarter

    Updated: 7 hr ago

    SAN FRANCISCO (AP) — A new report estimates Apple shipped 3.6 million watches in the last quarter — more than some analysts have estimated and enough to change the competitive landscape for fitness bands and other wearable gadgets. Apple shipped enough units of its new smartwatch to nearly...

  • CD shop owner accused in $2M scheme with shoplifting addicts

    Updated: 7 hr ago

    PITTSBURGH (AP) — A record store owner is charged with using heroin addicts to shoplift more than $2 million worth of books, videos, and other products that he then resold online. Anthony Cicero, 50, of East Pittsburgh, has been charged with running a corrupt organization out of his Slipped...

  • Report links hacking scheme to Iran

    Updated: 8 hr ago

    NEW YORK (AP) — Researchers have linked a sophisticated hacking scheme targeting Iranian dissidents and at least one freedom of expression activist back to Iran. A report released Thursday by the Citizen Lab at the University of Toronto's Munk School of Global Affairs describes how the hackers...

  • Oil soars to biggest one-day gain since 2008, lifted by stock markets, US economic growth

    Updated: 8 hr ago

    NEW YORK (AP) — Oil soars to biggest one-day gain since 2008, lifted by stock markets, US economic growth.

  • Twitter tries to lure in users as it searches for CEO

    Updated: 8 hr ago

    NEW YORK (AP) — Twitter's most urgent task is naming a new CEO. But the most formidable one is convincing more people that its service is essential, easy to use and not just meant for celebrities, 16-year-olds and news junkies. To help with the latter, there are big promotions, such as last...

  • Supreme Court upholds deal on tribal gas stations

    Updated: 8 hr ago

    SPOKANE, Wash. (AP) — The state Supreme Court on Thursday unanimously upheld a lower court ruling in a long-running lawsuit by non-tribal gas station owners challenging gas tax compacts negotiated in the past decade between the state and Indian tribes. The Supreme Court ruled that non-Indian...

  • McDonald's, Tyson cut ties with farmer tied to abuse video

    Updated: 8 hr ago

    NEW YORK (AP) — McDonald's and its supplier Tyson Foods say they've cut ties with a chicken farmer after an advocacy group released a video taken with a hidden camera that the group said showed abusive practices at its farm. The video was released by Mercy for Animals, an animal rights group...

  • You can't control much, but you can control investment fees

    Updated: 9 hr ago

    NEW YORK (AP) — Do the stock market's big swings have you feeling helpless? Although you can't control what happens in Shanghai -- or the fact that troubles in China can drag down stocks here by 10 percent in just over a week -- you do have control over one crucial factor affecting your...

  • Amputees decry Medicare payment overhaul for artificial feet

    Updated: 9 hr ago

    WASHINGTON (AP) — The Obama administration is trying to disentangle itself from another controversy over Medicare coverage. Amputees are protesting this time, fearing they'll be denied the latest technology for artificial legs and feet. Medicare spending for those items soared in the last 10...

  • A look at Macy's outlet stores

    Updated: 9 hr ago

    NEW YORK (AP) — Macy's has an answer to T.J. Maxx and other stores that sell deeply discounted designer brands. The department store chain, which is set to open its previously announced "Macy's Backstage" discount stores this fall in the New York City area, gave The Associated Press an early...

  • Sharks, skateboards, survival debut on Discovery VR network

    Updated: 10 hr ago

    LOS ANGELES (AP) — Discovery is unleashing the first videos for its virtual reality network, Discovery VR, a fledgling service that is testing the limits and capabilities of the immersive format. The videos debuting Thursday on DiscoveryVR.com, YouTube and on Android and iPhone apps, reveal...

  • FDA issues warning letters to "natural" tobacco makers

    Updated: 10 hr ago

    NEW YORK (AP) — The Food and Drug Administration issued warning letters to the makers of Winston, Natural Spirit and Nat Sherman cigarettes over their "additive-free" and "natural" label claims. The agency issued the warnings to ITG Brands LLC, Santa Fe Natural Tobacco Company Inc. and...



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