National business and financial news from NewsOK

  • Pa. auditor cites flaws in gas drilling regulation

    Updated: 2 hr ago

    HARRISBURG, Pa. (AP) — Strained by limited resources and the rapid expansion of natural gas drilling in Pennsylvania, environmental regulators have failed to adequately monitor well safety or to provide clear and timely information to citizens, the state auditor general said Tuesday. Eugene...

  • NY judge orders 24-7 Argentina debt talks

    Updated: 2 hr ago

    NEW YORK (AP) — A federal judge Tuesday ordered around-the-clock negotiations aimed at averting a second debt default by Argentina in 13 years, saying a default would hurt "real people." U.S. District Judge Thomas Griesa in Manhattan issued the order from the bench after describing why...

  • Ford names Galhotra as Lincoln's new president

    Updated: 2 hr ago

    DEARBORN, Mich. (AP) — Ford's luxury Lincoln division is getting a new president. Kumar Galhotra, Ford's vice president of engineering, will become president of Lincoln on Sept. 1. Ford's global marketing chief, Jim Farley, led Lincoln for the last 18 months. Farley will remain in charge of...

  • Excerpts from conflicting health law rulings

    Updated: 2 hr ago

    WASHINGTON (AP) — Two federal appeals courts issued conflicting rulings Tuesday in a dispute involving crucial financing for President Barack Obama's health care law. A three-judge panel of the appeals court in Washington said the plain language of the law states that financial aid to help...

  • Corn extends slump; grain price at four-year low

    Updated: 2 hr ago

    The price of corn dropped again on Tuesday as a mix of sunshine, rain and moderate temperatures increased the likelihood of a record crop this year. Corn for delivery in September dropped 3.75 cents, or 1 percent, to $3.68 a bushel on Tuesday. The price of corn has slumped 30 percent since the...

  • Senate panel approves Vietnam nuclear agreement

    Updated: 2 hr ago

    WASHINGTON (AP) — The Senate Foreign Relations Committee has approved an agreement on civilian nuclear cooperation between the U.S. and Vietnam, as Washington looks to expand its relationship with its former Southeast Asian foe. The agreement would allow U.S. companies into Vietnam's...

  • Chipotle and Crocs are big market movers

    Updated: 2 hr ago

    NEW YORK (AP) — Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and the Nasdaq Stock Market: NYSE Chipotle Mexican Grill Inc., up $69.84 to $659.77 The fast-food chain operator reported that strong sales drove its quarterly profit up 26 percent,...

  • US stocks climb as earnings reports roll in

    Updated: 2 hr ago

    NEW YORK (AP) — Solid earnings for a range of big companies helped nudge the stock market higher on Tuesday. The restaurant chain Chipotle Mexican Grill and the cable giant Comcast surged after reporting better results than Wall Street expected. "The news today is pretty good," said JJ...

  • Jeter, Bauer give Fox a strong week in TV ratings

    Updated: 2 hr ago

    NEW YORK (AP) — Fox can thank Derek Jeter and Jack Bauer for a strong week in the television ratings. Last week's telecast of the Major League Baseball All-Star Game was seen by 11.3 million viewers and was the week's most popular live program. The game had a bigger audience than any of the...

  • Lawsuit expected after vote to ban tar sands oil

    Updated: 2 hr ago

    SOUTH PORTLAND, Maine (AP) — With a potential lawsuit targeting a decision to ban tar sands oil in South Portland, the governor's energy chief said Tuesday that he hopes the state can eventually have a conversation about managing the flow of petroleum products rather than having it decided...

  • Nielsen's top television programs for July 14-20

    Updated: 3 hr ago

    Prime-time viewership numbers compiled by Nielsen for July 14-20. Listings include the week's ranking and viewership. 1. Major League Baseball All-Star Game: National vs. American, Fox, 11.34 million. 2. "America's Got Talent" (Tuesday), NBC, 8.53 million. 3. "Extant," CBS, 7.96 million. 4....

  • Solid earnings drive more gains in US stocks

    Updated: 3 hr ago

    NEW YORK (AP) — U.S. stocks are closing higher as more companies turn in solid earnings. Lockheed Martin rose 3 percent after the defense contractor's profit and revenue beat analysts' forecasts. Comcast rose 2 percent after reporting higher profit than the market was expecting. The giant...

  • Bond insurers vow to fight Detroit financial plan

    Updated: 3 hr ago

    DETROIT (AP) — Companies that insure Detroit bonds and stand to lose millions repeated a pledge Tuesday to aggressively challenge the city's bankruptcy plan, a day after retirees endorsed pension cuts and qualified for a bailout led by the state. Syncora and Financial Guaranty Insurance said...

  • Dueling rulings: Courts split on health law clash

    Updated: 3 hr ago

    WASHINGTON (AP) — President Barack Obama's health care law is snarled in another big legal battle, with two federal appeals courts issuing contradictory rulings on a key financing issue within hours of each other Tuesday. But the split rulings don't necessarily mean another trip to the...

  • Missouri governor tours Iowa ethanol plant

    Updated: 3 hr ago

    JEFFERSON CITY, Mo. (AP) — Missouri Gov. Jay Nixon traveled to Iowa to get a personal look at the latest methods in ethanol production. Nixon took the state plane Tuesday to tour a cellulosic ethanol plant in Emmetsburg, Iowa. He was accompanied by the Missouri agriculture and economic...

  • Target debuts an image-recognition shopping app

    Updated: 3 hr ago

    NEW YORK (AP) — Target is introducing an app that lets users purchase items after scanning magazine ads with their smartphones. It's the latest offering from retailers looking to boost sales with the use of improving image-recognition technology. Starting this month, the app, called "In a...

  • Ford says new F-150 can compete with rivals

    Updated: 3 hr ago

    DEARBORN, Mich. (AP) — Ford says its aluminum-sided F-150 pickup will hold its own against rivals despite its lighter weight. The company revealed details of the new truck Tuesday. The 2015 F-150 4x4 goes on sale this fall and is 732 pounds lighter than the outgoing model. Ford's base truck...

  • Regulators OK Emera investment in First Wind

    Updated: 3 hr ago

    PORTLAND, Maine (AP) — Using new guidance from the state supreme court, Maine utility regulators on Tuesday approved for a second time a deal that gave Canadian utility Emera a stake in First Wind, the state's largest wind developer. The court in March ordered the Maine Public Utilities...

  • Protect yourself from identity theft

    Updated: 3 hr ago

    NEW YORK (AP) — It's an almost weekly occurrence: On Tuesday, Goodwill said its computer systems may have been hacked, leading to the possible theft of customers' credit and debit card information. The nonprofit agency, which operates 2,900 stores in the U.S., said it is working with federal...

  • California firm issues nationwide fruit recall

    Updated: 4 hr ago

    CUTLER, Calif. (AP) — A Central California company is recalling specific lots of its fresh peaches, plums, nectarines and pluots sold nationwide over concerns of possible listeria contamination. Wawona Packing Co. President Brent Smittcamp said in a statement that he is not aware of any...

  • Lockheed 2Q profit rises 3.5 percent

    Updated: 4 hr ago

    BETHESDA, Md. (AP) — Lockheed Martin Corp. (LMT) on Tuesday reported earnings that increased by 3.5 percent in its second quarter, and topped analysts' expectations. The Bethesda, Maryland-based company said profit increased to $889 million, or $2.76 per share, from $859 million, or $2.64 per...

  • Ex-miner asks Congress for help on black lung

    Updated: 4 hr ago

    WASHINGTON (AP) — A retired coal miner who suffers from black lung disease urged Congress on Tuesday to help clear a backlog of claims of fellow miners who have the disease. "I look to y'all to help us to get that which we need," Robert Bailey of Princeton, West Virginia told senators at a...

  • UAF solicits contractors for new power plant

    Updated: 4 hr ago

    JUNEAU, Alaska (AP) — The University of Alaska Fairbanks is looking for a company to build its new heat and power plant. The university is seeking proposals from firms interested in providing construction management and general contracting services. State lawmakers earlier this year approved...

  • Norfolk Southern raises dividend to 57 cents

    Updated: 4 hr ago

    NEW YORK (AP) — Railroad operator Norfolk Southern said Tuesday it is raising its quarterly dividend to 57 cents from 54 cents. Norfolk Southern Corp. will pay its next dividend on Sept. 10 to shareholders of record on Aug. 1. The Norfolk, Virginia, company is scheduled to report its...

  • US job-training review emphasizes data, employers

    Updated: 4 hr ago

    WASHINGTON (AP) — As the U.S. economy adds new jobs, Americans must have the skills to fill those jobs, President Barack Obama said Tuesday. Obama spoke at a signing ceremony for bipartisan job-training legislation aimed at improving business engagement and accountability in federally funded...



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