National business and financial news from NewsOK

  • Office Depot to pay $3.4 million over faulty chairs

    Updated: 4 hr ago

    NEW YORK (AP) — Office Depot will pay regulators $3.4 million to settle charges that it did not report defects of two of its office chair models fast enough, even after receiving more than 200 complaints. The U.S. Consumer Product Safety Commission said the seatbacks of some of the chairs fell...

  • New Mexico regulators delay decision on power plant

    Updated: 5 hr ago

    SANTA FE, N.M. (AP) — New Mexico regulators on Wednesday gave Public Service Co. of New Mexico more time to ink agreements with a mining company, further delaying a decision that will affect the future of a coal-fired power plant that provides electricity to customers around the Southwest. The...

  • Nike says it's cooperating with authorities in FIFA probe

    Updated: 5 hr ago

    NEW YORK (AP) — Nike says it is cooperating with authorities in the U.S. probe into corruption of FIFA, the governing body of soccer worldwide. On Wednesday U.S. officials charged seven FIFA members with racketeering and corruption charges and announced a sweeping investigation into corruption....

  • Tiffany and Michael Kors are big market movers

    Updated: 5 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 Tiffany & Co., up $9.01 to $94.54 The luxury jeweler reported better-than-expected first-quarter profit and revenue and issued a strong earnings...

  • BNSF plans temporary layoffs with slipping freight demand

    Updated: 5 hr ago

    BISMARCK, N.D. (AP) — BNSF Railway Co. says it's planning employee furloughs due to slipping freight shipping demand across its rail network. The company said Wednesday in a statement that it hopes to call back employees "as soon as business needs change." The railroad would not say how many...

  • Activists disrupt Snyder speech to push removal of pipeline

    Updated: 5 hr ago

    MACKINAC ISLAND, Mich. (AP) — As business and political luminaries gather for a conference on Mackinac Island, environmentalists hope to draw attention to a nearby underwater oil pipeline they say should be removed. Some protesters briefly disrupted Gov. Rick Snyder's opening speech at the...

  • US stocks recover from a slump the day before

    Updated: 5 hr ago

    NEW YORK (AP) — Stocks ended higher Wednesday, recovering the most of their losses from the day before, as Greece appeared closer to resolving its latest debt issues. However, the overall market remains directionless as most investors are focused on figuring out when the Federal Reserve's...

  • New federal rules on stream protection hailed, criticized

    Updated: 6 hr ago

    WASHINGTON (AP) — New federal rules designed to better protect small streams, tributaries and wetlands — and the drinking water of 117 million Americans — are being criticized by Republicans and farm groups as going too far. The White House says the rules, issued Wednesday, will provide...

  • US stocks regain ground a day after a slump

    Updated: 6 hr ago

    NEW YORK (AP) — The U.S. stock market is regaining some of the ground it lost the day before, when the market had its biggest slump in three weeks. Technology and health care stocks led the gains Wednesday. Microsoft, Apple and Intel had the biggest gains in the Dow Jones industrial average....

  • Wooden rail bridge burns and collapses in northern Minnesota

    Updated: 6 hr ago

    INTERNATIONAL FALLS, Minn. (AP) — An old wooden railroad bridge near Minnesota's northern border burned and collapsed early Wednesday, shutting a busy train route that connects the Pacific Coast with Chicago. The bridge in Koochiching County belongs to Canadian National Railway. It carried more...

  • 'Canceled': When it makes sense to close a credit card

    Updated: 6 hr ago

    New credit card offers can be tempting, especially when they tout a lower interest rate or more attractive rewards than what's in your wallet. But before you sign up for yet another card, consider whether you'd be better off financially closing out any of the cards you already have....

  • Tracy Morgan, Wal-Mart settle suit after New Jersey highway crash that hurt him, killed friend

    Updated: 6 hr ago

    NEWARK, N.J. (AP) — Tracy Morgan, Wal-Mart settle suit after New Jersey highway crash that hurt him, killed friend.

  • GM to offer Android, Apple systems in many 2016 models

    Updated: 6 hr ago

    DETROIT (AP) — By the end of the year, nearly every major automaker will begin offering Apple's CarPlay or Google's Android Auto, two systems that effectively turn a car's dashboard screen into a smartphone. General Motors made the biggest move so far Wednesday, announcing that both systems...

  • US bank earnings up 6.9 percent in Q1

    Updated: 6 hr ago

    WASHINGTON (AP) — U.S. banks' earnings rose 6.9 percent in the first quarter from a year earlier as revenues increased, delinquent loans continued to fall and the number of "problem" banks reached a six-year low. The data issued Wednesday by the Federal Deposit Insurance Corp. showed "gradual...

  • As TV goes online, Suddenlink latest to hook up with Hulu

    Updated: 6 hr ago

    NEW YORK (AP) — TV watchers are going online, and cable companies are following them there. Suddenlink, which has 1.1 million TV subscribers, is the latest to hook up with Hulu. It said Wednesday that it will be adding the service to its TiVo set-top box later this year. It integrated Netflix...

  • Lilly Pulitzer taking heat for fat-shaming cubicle cartoons

    Updated: 6 hr ago

    PHILADELPHIA (AP) — The floral-inspired Lilly Pulitzer fashion house is trying to nip concerns about fat-shaming in the bud. Cartoons posted in a cubicle at its headquarters near Philadelphia suggest little tolerance for the "fat, white and hideous." But a company spokeswoman said Wednesday...

  • Texas groups petition feds over alleged coal exemptions

    Updated: 6 hr ago

    AUSTIN, Texas (AP) — Environmental groups in Texas want to overturn a state action they say exempted large coal-fired power plants from federal limits on particulates and other pollutants during startup, shutdown and maintenance at 19 power plants. A release from the Environmental Integrity...

  • Ex-Madoff trader testifies against co-workers, avoids prison

    Updated: 7 hr ago

    NEW YORK (AP) — A longtime trader for Bernard Madoff's firm was sentenced Wednesday to 10 months of home confinement after his testimony helped convict five former co-workers for their roles in history's largest Ponzi scheme. David Kugel, 69, apologized before U.S. District Judge Laura Taylor...

  • Citing illness, Suge Knight refuses to leave cell for court

    Updated: 7 hr ago

    LOS ANGELES (AP) — A judge stopped short of ordering Marion "Suge" Knight forcibly removed from his jail cell Wednesday after the rap music mogul said he was sick and refused to go to court for a hearing in his robbery case. Los Angeles Superior Court Ronald S. Coen said Knight told deputies he...

  • 'Dancing,' 'Voice' on top as viewers got musical last week

    Updated: 7 hr ago

    NEW YORK (AP) — Music and dancing ruled on the airwaves last week, as "Dancing With the Stars" and "The Voice" tuned up to score five out of the 10 most-watched shows. ABC's "Dancing" took the top two slots, followed by a pair of regular broadcasts of NBC's "The Voice." A third, special edition...

  • Love not war wins for small businesses and large companies

    Updated: 7 hr ago

    NEW YORK (AP) — Imagine a world where David and Goliath are best buds. Well it's becoming reality more frequently in the business world. Boston Beer Co., maker of Sam Adams, mentors and lends money to small craft brewers. It hopes their sales will grow and take grocery store shelf space from...

  • Zogenix says former obesity drug reduced seizures in study

    Updated: 7 hr ago

    NEW YORK (AP) — Drugmaker Zogenix said Wednesday that a drug once used to fight obesity before it was taken off the market may help treat a rare disease that causes severe seizures in young children. The company said some patients who were given low doses of the drug fenfluramine had no...

  • Nielsen's top programs for May 18-25

    Updated: 7 hr ago

    Prime-time viewership numbers compiled by Nielsen for May 18-25. Listings include the week's ranking and viewerships. 1. "Dancing With the Stars" (Monday), ABC, 14.35 million. 2. "Dancing With the Stars" (Tuesday), ABC, 13.49 million. 3. "The Voice" (Tuesday), NBC, 11.56 million. 4. "The...

  • Pacific Gas & Electric Co. president announces retirement

    Updated: 8 hr ago

    SAN FRANCISCO (AP) — Pacific Gas & Electric will be looking for a new director as the man who led the company through a deadly 2010 pipeline explosion in the San Francisco Bay Area is retiring. Christopher P. Johns has announced plans to retire at the end of the year. In announcing the...

  • Theft of copper cable causes major disruption on NYC subways

    Updated: 8 hr ago

    NEW YORK (AP) — Subway service was disrupted for hundreds of thousands of commuters Wednesday because of a massive theft of copper cable from train tracks, transit officials said. The theft of 500 feet of cable forced the Metropolitan Transportation Authority to suspend train service entirely...



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