National business and financial news from NewsOK

  • Applications for US jobless aid inch up to a 10-month high

    Updated: 32 min ago

    WASHINGTON (AP) — The number of people seeking unemployment benefits rose last week to the highest level since May, though the pace of applications remains at a level consistent with steady hiring. Weekly applications rose 7,000 to a seasonally adjusted 320,000, the Labor Department said...

  • NC House wants gas tax to fall, just not as much as Senate

    Updated: 33 min ago

    RALEIGH, N.C. (AP) — The North Carolina House has agreed to restrain an impending cut in the state's gasoline tax to keep money flowing to road and bridge projects. House lawmakers on Thursday approved letting the gas tax fall from the current 37.5 cents per gallon rate to 36 cents for the rest...

  • Death toll in east Ukraine mine blast reaches 32

    Updated: 40 min ago

    DONETSK, Ukraine (AP) — Officials in a separatist rebel-held city in east Ukraine say the death toll from an accidental explosion at a coal mine has risen to 32. The self-appointed government in Donetsk said in a statement Thursday that one person still remains unaccounted for. The blast...

  • Maker of device in 'superbug' outbreak lacked FDA clearance

    Updated: 48 min ago

    WASHINGTON (AP) — The manufacturer of a medical instrument at the center of a recent "superbug" outbreak in Los Angeles did not receive federal clearance to sell the device, according to officials from the Food and Drug Administration. The FDA confirmed that Olympus Corp. did not seek FDA...

  • Data: Victim's cell pinged along Hernandez's alleged route

    Updated: 49 min ago

    FALL RIVER, Mass. (AP) — Tracking data shown to the jury Thursday in the murder trial of former New England Patriots tight end Aaron Hernandez indicates the victim's cellphone pinged along the same route that prosecutors say Hernandez took that night. The data roughly tracks the route...

  • Oxy pays confidential sum to settle Peru pollution case

    Updated: 51 min ago

    LIMA, Peru (AP) — Indigenous communities that sued Occidental Petroleum over contamination in Peru's northern Amazon have reached an out-of-court settlement in which the California-based oil company will pay them an undisclosed sum. The amount is confidential, under a settlement that was...

  • Passenger: Wing of plane that skidded off runway got torn up

    Updated: 59 min ago

    NEW YORK (AP) — A passenger aboard a flight from Atlanta that skidded off a runway at LaGuardia amid driving snow says one wing of the plane got "pretty torn up." Georgia marketing executive Malcolm Duckett was seated near the left wing of Flight 1086 on Thursday. He called the damage to that...

  • Oil company to pay $2M for illegal well in North Dakota

    Updated: 1 hr ago

    FARGO, N.D. (AP) — A Norwegian oil company that illegally operated a well on federal property in North Dakota has agreed to pay a nearly $2 million settlement to avoid legal action, federal prosecutors announced Thursday. Authorities say the well was drilled about two weeks after Statoil Oil &...

  • Energy company IDs shippers for planned natural gas pipeline

    Updated: 1 hr ago

    CONCORD, N.H. (AP) — The Texas-based energy company that wants to build a natural gas pipeline through southern New Hampshire into Massachusetts announced Thursday that it has lined up utilities and other entities to transport the gas. Kinder Morgan said its subsidiary, Tennessee Gas Pipeline...

  • Ringling Bros. Circus to give up elephant acts in 3 years

    Updated: 1 hr ago

    POLK CITY, Fla. (AP) — The Ringling Bros. and Barnum & Bailey Circus will phase out the show's iconic elephants from its performances by 2018, telling The Associated Press exclusively that growing public concern about how the animals are treated led to the decision. Executives from Feld...

  • Plane that skidded off LaGuardia runway did not touch water

    Updated: 1 hr ago

    NEW YORK (AP) — An official says a plane from Atlanta that skidded off a runway while landing in driving snow at LaGuardia Airport did not make contact with an icy bay but instead came to rest on an embankment next to the water. The executive director of the Port Authority of New York and New...

  • FDA study finds little evidence of antibiotics in milk

    Updated: 1 hr ago

    WASHINGTON (AP) — A new Food and Drug Administration study shows little evidence of antibiotic contamination in milk after surveying almost 2,000 dairy farms. The agency in 2012 took samples of raw milk on the farms and tested them for 31 drugs, almost all of them antibiotics. Results released...

  • Dayton doubts GOP commitment to solving road-fund quandary

    Updated: 1 hr ago

    ST. PAUL, Minn. (AP) — Frustrated by a transportation plan stuck in neutral at the Capitol, Gov. Mark Dayton ramped up pressure Thursday on majority House Republicans to produce a viable alternative to his multi-billion dollar proposal for roadwork and mass-transit projects. Dayton joined...

  • Sheriffs from Colorado, elsewhere sue state over legal pot

    Updated: 1 hr ago

    DENVER (AP) — Ten sheriffs from three different states sued Colorado Thursday for legalizing marijuana. The sheriffs from Colorado, Kansas and Nebraska say that Colorado's 2012 marijuana legalization vote violates federal law and shouldn't be permitted. "A state may not establish its own...

  • US stocks edge higher; Pharmacyclics jumps on AbbVie bid

    Updated: 1 hr ago

    NEW YORK (AP) — U.S. stocks edged higher Thursday, led by gains for utilities and financial companies. Pharmacyclics, a pharmaceutical company that makes cancer drug Imbruvica, surged after AbbVie said it would acquire the company for $21 billion. Kroger jumped on a strong earnings report....

  • All-women's Wellesley College to admit transgender students

    Updated: 1 hr ago

    WELLESLEY, Mass. (AP) — Wellesley College is joining a growing list of women's colleges that accept transgender students. President H. Kim Bottomly and trustees' chairwoman Laura Daignault Gates said in a letter Wednesday that "Wellesley will consider for admission any applicant who lives as a...

  • Delta Air Lines accident is latest at New York's LaGuardia

    Updated: 1 hr ago

    A Delta Air Lines jet skidded off a runway and crashed through a fence after landing Thursday at New York's LaGuardia Airport. Here are some other accidents involving planes taking off from or landing at the airport, which is tucked along the East River and Flushing Bay: — 2013: The nose...

  • New Jersey officially announces $225M Exxon Mobil settlement

    Updated: 2 hr ago

    TRENTON, N.J. (AP) — New Jersey announced a $225 million settlement with Exxon Mobil on Thursday that state officials say is the largest environmental settlement in state history — though it has been criticized by Democratic lawmakers who say it is for a mere fraction of the nearly $9 billion...

  • Opening statements in theater shooting expected in April

    Updated: 2 hr ago

    CENTENNIAL, Colo. (AP) — Jury selection in the Colorado theater shooting case is moving faster than expected, with opening statements now expected next month. Judge Carlos A. Samour Jr. on Thursday tentatively scheduled opening statements for either April 21 or 27. The trial initially was...

  • Snuggie seller settles charges that it deceived customers

    Updated: 2 hr ago

    NEW YORK (AP) — The company behind the Snuggie, Perfect Bacon Bowl and other "As Seen on TV" products has agreed to pay $8 million to settle charges that it deceived customers. The Federal Trade Commission said Thursday that Allstar Marketing Group promised customers buy-one-get-one free...

  • Americans spent $58 billion to pamper, protect pets in 2014

    Updated: 2 hr ago

    LOS ANGELES (AP) — We feed them, groom them, clothe them and otherwise shell out the big bucks to protect and pamper our pets. The American Pet Products Association's annual report on pet industry spending says Americans spent $58 billion in 2014 on their 397 million pets, which range from...

  • AbbVie to buy leukemia drugmaker Pharmacyclics for $21B

    Updated: 2 hr ago

    AbbVie will spend about $21 billion to buy fellow drugmaker Pharmacyclics and add another major revenue producer to a portfolio that already includes the world's top-selling drug. The deal will give the North Chicago, Illinois, drugmaker Imbruvica, a blood cancer treatment that Pharmacyclics...

  • Legislator says power billing plan unfair to consumers

    Updated: 2 hr ago

    TALLAHASSEE, Fla. (AP) — A Democratic state legislator says allowing power companies in Florida to bill customers for the cost of oil and gas exploration violates free market principles and cheats consumers. Rep. Dwight Dudley of St. Petersburg called Thursday for the Legislature to overrule...

  • Kroger's 4th-quarter performance tops analysts' estimates

    Updated: 2 hr ago

    CINCINNATI (AP) — Kroger's fiscal fourth-quarter profit rose thanks in part to better fuel margins and a lower-than-expected inventory charge. Its 2015 profit guidance beat Wall Street's view. The supermarket chain's shares rose 5 percent in midday trading Thursday. Kroger Co. earned $518...

  • US productivity falls at faster pace, labor costs rise

    Updated: 3 hr ago

    WASHINGTON (AP) — U.S. worker productivity was even weaker than first thought from October through December while labor costs rose at a faster rate. Productivity declined at an annual rate of 2.2 percent in the fourth quarter, weaker than the 1.8 percent drop that was estimated a month ago, the...



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