National business and financial news from NewsOK

  • Will the Internet listen to your private conversations?

    Updated: 7 hr ago

    SAN FRANCISCO (AP) — Like a lot of teenagers, Aanya Nigam reflexively shares her whereabouts, activities and thoughts on Twitter, Instagram and other social networks without a qualm. But Aanya's care-free attitude dissolved into paranoia a few months ago shortly after her mother bought Amazon's...

  • Ohio requires front license plates, but some states don't

    Updated: 8 hr ago

    COLUMBUS, Ohio (AP) — Across wide swaths of America, drivers aren't required to display a front license plate on their passenger cars. But it's different in Ohio, where a motorist was fatally shot in Cincinnati during a traffic stop prompted by his failure to display a front plate. None of...

  • Facebook stock slides even as 2Q results soar

    Updated: 8 hr ago

    NEW YORK (AP) — Facebook surpassed expectations on all fronts in the second quarter, growing not just profit and revenue but its already-massive user base, mobile advertising and usage of its "family" of non-Facebook apps like Instagram and WhatsApp. Even so, its stock price fell after the...

  • Lew informs Congress he extending debt-limit measures

    Updated: 8 hr ago

    WASHINGTON (AP) — Treasury Secretary Jacob Lew is telling Congress that he will extend for another three months the authority he is using to take emergency measures to keep from breaching the nation's borrowing limit. In a letter to congressional leaders, Lew said Wednesday he will extend the...

  • HealthSouth meets 2Q profit forecasts

    Updated: 8 hr ago

    BIRMINGHAM, Ala. (AP) — HealthSouth Corp. (HLS) on Wednesday reported second-quarter profit of $42.9 million. On a per-share basis, the Birmingham, Alabama-based company said it had net income of 45 cents. Earnings, adjusted to extinguish debt and to account for discontinued operations, were 58...

  • Shutterfly reports 2Q loss

    Updated: 8 hr ago

    REDWOOD CITY, Calif. (AP) — Shutterfly Inc. (SFLY) on Wednesday reported a loss of $23.8 million in its second quarter. The Redwood City, California-based company said it had a loss of 63 cents per share. Losses, adjusted for amortization costs, came to 56 cents per share. The results topped...

  • Standard & Poor's boosts Detroit's rating on revenue bonds

    Updated: 8 hr ago

    DETROIT (AP) — Standard & Poor's has boosted Detroit's rating on eight- to 15-year bonds the city plans to sell to improve public services. The revenue bonds have been given an "A'' rating by S&P. S&P also gave Detroit a "B'' issuer credit rating. Both have stable outlooks. City officials said...

  • SolarCity reports 2Q loss

    Updated: 8 hr ago

    SAN MATEO, Calif. (AP) — SolarCity Corp. (SCTY) on Wednesday reported a loss of $22.4 million in its second quarter. On a per-share basis, the San Mateo, California-based company said it had a loss of 23 cents. Losses, adjusted for non-recurring gains, came to $1.61 per share. The results...

  • Marriott beats 2Q profit forecasts

    Updated: 8 hr ago

    BETHESDA, Md. (AP) — Marriott International Inc. (MAR) on Wednesday reported second-quarter earnings of $240 million. On a per-share basis, the Bethesda, Maryland-based company said it had net income of 87 cents. Earnings, adjusted for non-recurring gains, were 82 cents per share. The results...

  • Will the Internet listen to your private conversations?

    Updated: 8 hr ago

    SAN FRANCISCO (AP) — Like a lot of teenagers, Aanya Nigam reflexively shares her whereabouts, activities and thoughts on Twitter, Instagram and other social networks without a qualm. But Aanya's care-free attitude dissolved into paranoia a few months ago shortly after her mother bought Amazon's...

  • Vertex reports 2Q loss

    Updated: 8 hr ago

    BOSTON (AP) — Vertex Pharmaceuticals Inc. (VRTX) on Wednesday reported a loss of $188.8 million in its second quarter. The Boston-based company said it had a loss of 78 cents per share. Losses, adjusted for one-time gains and costs, came to 54 cents per share. The results beat Wall Street...

  • US agency says it is 'deeply concerned' about lion kill

    Updated: 8 hr ago

    WASHINGTON (AP) — The U.S. Fish and Wildlife Service says it is ready to assist Zimbabwe in its investigation of an American dentist's killing of a protected African lion and will conduct its own probe. Laury Parramore of the Fish and Wildlife Service on Wednesday declined to say what the...

  • Tesla offers 1st incentive in owner referral program

    Updated: 8 hr ago

    DETROIT (AP) — Electric car maker Telsa Motors Inc. is offering its first incentive, $1,000 to new-car buyers who are referred by current Tesla owners. Owners who make a referral also will get $1,000 in their Tesla account that can be spent on a car purchase, service or accessories. CEO Elon...

  • APNewsBreak: Gov's PAC returning money linked to oil company

    Updated: 8 hr ago

    RICHMOND, Va. (AP) — Virginia Gov. Terry McAuliffe's political action committee is returning a $25,000 donation from a company with ties to Angola's state-owned oil company. The PAC's director, Brian Zuzenak, said Tuesday the contribution is being returned because Houston-based Glinn USA...

  • APNewsBreak: Virginia governor's PAC returning $25,000 donation linked to Angolan oil company

    Updated: 8 hr ago

    RICHMOND, Va. (AP) — APNewsBreak: Virginia governor's PAC returning $25,000 donation linked to Angolan oil company.

  • Yelp and Twitter are big market movers

    Updated: 9 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 Yelp Inc., down $8.45 to $25.06 The online business review service reported a second-quarter loss and issued a lackluster outlook. Twitter Inc., down...

  • Fed holds steady on rates, seeks further economic gains

    Updated: 9 hr ago

    WASHINGTON (AP) — The Federal Reserve appears on track to raise interest rates later this year but signaled Wednesday that it wants to see further economic gains and higher inflation before doing so. A statement from the Fed after its latest policy meeting provided no timetable. Many analysts...

  • Comparing the US Federal Reserve's views on hiring, economy

    Updated: 9 hr ago

    A comparison of the Federal Reserve's statements from its two-day meeting that ended Wednesday and its meeting June 16-17: ECONOMY: Now: The Fed is a bit more optimistic about the job market: "The labor market continued to improve, with solid job gains and declining unemployment. On balance, a...

  • Judge rejects claim that bourbon was falsely advertised

    Updated: 9 hr ago

    LOUISVILLE, Ky. (AP) — Chalk up another round for Maker's Mark distillery in fending off claims of misleading marketing for promoting its Kentucky bourbon as handmade. A federal judge in California this week dismissed a lawsuit filed by two consumers who claimed they were misled by the bourbon...

  • Correction: Earns-CEB story

    Updated: 9 hr ago

    ARLINGTON, Va. (AP) — In a story July 28 about CEB Inc.'s quarterly earnings — generated by Automated Insights using data from Zacks Investment Research — The Associated Press erroneously used the company's prior name. The company legally changed its name in May and is now CEB Inc. A corrected...

  • Zero-percent financing turns heads, but may not be best deal

    Updated: 9 hr ago

    DETROIT (AP) — When a car dealer offers to loan you the money to buy a car at zero interest, it gets your attention. Yet that cheap money might not be the best deal you can get. Dealers can offer zero-percent financing through automakers' finance companies because, unlike banks, they make money...

  • International Paper shares dip on 2Q revenue miss

    Updated: 9 hr ago

    MEMPHIS, Tenn. (AP) — Shares of International Paper slumped Wednesday after the global paper and packaging company reported mixed second-quarter results. International Paper's adjusted earnings beat Wall Street expectations, but revenue fell short as revenue in all of its major businesses...

  • Boehner backs push to export US crude oil

    Updated: 10 hr ago

    WASHINGTON (AP) — House Speaker John Boehner says he supports a push by U.S. oil companies to ship their crude oil overseas and lift a decades-long ban on exports. The Ohio Republican said the change would be a boon for the economy, creating up to a million jobs and bringing U.S. energy policy...

  • Twitter stock tumbles as user growth stalls

    Updated: 10 hr ago

    NEW YORK (AP) — Tepid user growth and ongoing uncertainty about its leadership dragged Twitter's stock to its lowest level in over a year Wednesday, even though the short-messaging service reported sharply quarterly higher revenue. Twitter is "not satisfied" with its user growth, co-founder...

  • Charges dropped against Chinese woman in trade secrets case

    Updated: 10 hr ago

    DES MOINES, Iowa (AP) — A judge has dismissed charges against the wife of a Chinese billionaire who was accused of conspiring to steal trade secrets from U.S. seed companies. The order signed Tuesday instructs the government to return Mo Yun's passport and immediately stop "all court-directed...



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