National business and financial news from NewsOK

  • A look at large coal ash spills in the US

    Yesterday

    The Obama administration on Friday set the first national standards for waste generated from coal burned for electricity, called coal ash, treating it more like household garbage rather than a hazardous material. The Obama announcement ended a six-year effort that began after a massive spill of...

  • EPA coal ash standards a setback for environmental groups

    Yesterday

    NASHVILLE, Tenn. (AP) — Six years ago, there was a massive spill of coal ash sludge in Tennessee. Three years later, tons of coal ash swept into Lake Michigan. Last February, there was another spill and gray sludge spewed into the Dan River in North Carolina. With each disaster,...

  • Protesters in contempt of court for anti-whaling campaign

    Updated: Fri, Dec 19, 2014

    SAN FRANCISCO (AP) — Radical environmentalists who threw acid and smoke bombs at Japanese whalers were found in contempt of court Friday for continuing their relentless campaign to disrupt the annual whale hunt off the waters of Antarctica. The 9th U.S. Circuit Court of Appeals ordered a...

  • Obama says North Korea hacked Sony, vows response

    Updated: Fri, Dec 19, 2014

    WASHINGTON (AP) — President Barack Obama declared Friday that Sony "made a mistake" in shelving a satirical film about a plot to assassinate North Korea's leader, and he pledged the U.S. would respond "in a place and manner and time that we choose" to the hacking attack on Sony that led to the...

  • Iron Mountain reaches $44.5M settlement with US

    Updated: Fri, Dec 19, 2014

    SACRAMENTO, Calif. (AP) — Information storage and management company Iron Mountain agreed to pay $44.5 million to settle allegations that the company overcharged federal agencies for record storage services, authorities announced Friday. U.S. Attorney Benjamin B. Wagner said the settlement...

  • FDA OKs Cubist antibiotic for serious infections

    Updated: Fri, Dec 19, 2014

    TRENTON, N.J. (AP) — The Food and Drug Administration has approved a new medicine to fight complex infections in the abdomen and urinary tract, the fourth antibiotic the agency has approved since May. Zerbaxa treats serious and resistant bacteria, such as E.coli, that can cause life-threatening...

  • Sony on shelving 'The Interview': 'We had no choice'

    Updated: Fri, Dec 19, 2014

    NEW YORK (AP) — Following pointed criticism from President Barack Obama for shelving "The Interview," Sony Pictures Entertainment on Friday defended its decision, claiming it had no choice but to cancel the film's Christmas Day theatrical release. Obama said during a press conference Friday...

  • Jailed ex-billionaire's lawyers seek his release

    Updated: Fri, Dec 19, 2014

    BILLINGS, Mont. (AP) — Attorneys for jailed real estate mogul Tim Blixseth filed an emergency motion with a federal judge Friday seeking his release, saying the one-time billionaire was willing to provide whatever information the court wants. U.S. District Judge Sam Haddon on Thursday found...

  • FDA approves AbbVie combo hepatitis C treatment

    Updated: Fri, Dec 19, 2014

    TRENTON, N.J. (AP) — Patients with chronic hepatitis C have a new option for treating the liver-damaging virus, with the approval of a combination treatment developed by AbbVie. The Food and Drug Administration on Friday approved the sale of a packaged treatment called Viekira Pak made by...

  • Grand Canyon awards temporary services contract

    Updated: Fri, Dec 19, 2014

    FLAGSTAFF, Ariz. (AP) — The National Park Service has averted a shutdown of some of the Grand Canyon's iconic hotels and mule rides by awarding a temporary contract for services at the canyon's South Rim. The one-year contract goes to Xanterra Parks & Resorts Inc., which has been providing...

  • Arctic offshore drill company enters guilty pleas

    Updated: Fri, Dec 19, 2014

    ANCHORAGE, Alaska (AP) — The company hired by Royal Dutch Shell PLC in 2012 to drill on petroleum leases in the Arctic Ocean pleaded guilty Friday to eight felony environmental and maritime crimes. Noble Drilling U.S. LLC, based in Sugarland, Texas, agreed to pay $12.2 million after pleading...

  • Celebrities react to latest Sony hack developments

    Updated: Fri, Dec 19, 2014

    Latest reaction from Hollywood and beyond to the Sony hacking scandal and President Obama's remarks Friday that the studio "made a mistake" in not releasing its embattled film "The Interview": — "As the events of the past weeks have made painfully clear, we are now living in an age in which the...

  • US regulators close small Minnesota bank

    Updated: Fri, Dec 19, 2014

    WASHINGTON (AP) — Regulators have closed a small lender, the 18th bank failure in the U.S. this year after 24 closures in 2013. The Federal Deposit Insurance Corp. said Friday that it has taken over Northern Star Bank, based in Mankato, Minnesota. The bank operated two branches and had about...

  • 2012 movie massacre hung over 'Interview' decision

    Updated: Fri, Dec 19, 2014

    LOS ANGELES (AP) — When a group claiming credit for the hacking of Sony Pictures Entertainment threated violence against theaters showing "The Interview" earlier this week, the fate of the movie's big-screen life was all but sealed. Even though law enforcement didn't deem the threats of...

  • Cuban cigar boom? Not yet, stores and customers say

    Updated: Fri, Dec 19, 2014

    MIAMI (AP) — The coveted Cuban cigar is set to make its first legal appearance in the U.S. in years, with relaxed guidelines allowing American travelers to return with a few of the once-forbidden items in their suitcases. But the cigars won't roll into stores just yet, and owners say they aren't...

  • More than 4 million people watched 1st dog telethon

    Updated: Fri, Dec 19, 2014

    LOS ANGELES (AP) — More than 4,400 people filed adoption papers for homeless dogs during what was billed as the first all-star dog adoption telethon, producers say. "If only half of those result in adoptions, that would be huge," director Michael Levitt said. Seventy dogs from rescues across...

  • Kocherlakota warns Fed of 'unacceptable' risk

    Updated: Fri, Dec 19, 2014

    WASHINGTON (AP) — One of three Fed officials who dissented in the Fed's policy decision this week is warning that the central bank is taking an "unacceptable" risk by not paying more attention to the dangers posed by low inflation. Narayana Kocherlakota, the president of the Fed's regional bank...

  • Staples: Customer data exposed in security breach

    Updated: Fri, Dec 19, 2014

    PORTLAND, Ore. (AP) — Staples Inc. says nearly 1.2 million customer payment cards may have been exposed during a security breach earlier this year. The office supply retailer announced in October that it was looking into a potential credit card breach, adding to a long list of retailers...

  • Judge: Family Dollar can vote on Dollar Tree buyout

    Updated: Fri, Dec 19, 2014

    DOVER, Del. (AP) — A Delaware judge says stockholders of Family Dollar Stores Inc. can vote on proposed $8.5 billion acquisition by Chesapeake, Virginia-based Dollar Tree Inc. Family Dollar shareholders are to vote on the acquisition Tuesday. But some Family Dollar shareholders want the vote...

  • Arctic offshore drill company enters guilty pleas

    Updated: Fri, Dec 19, 2014

    ANCHORAGE, Alaska (AP) — The company hired by Royal Dutch Shell PLC in 2012 to drill on petroleum leases in the Arctic Ocean pleaded guilty Friday to eight felony environmental and maritime crimes. Noble Drilling U.S. LLC, based in Sugarland, Texas, agreed to pay $12.2 million after pleading...

  • Hasbro and Xerox are big market movers

    Updated: Fri, Dec 19, 2014

    NEW YORK (AP) — Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and the Nasdaq Stock Market: NYSE Teekay Tankers Ltd., down 70 cents to $4.70 The ocean-freight hauler is buying five tankers and priced 20 million shares for sale to raise cash, which...

  • Sales for holiday shopping season come down to the wire

    Updated: Fri, Dec 19, 2014

    NEW YORK (AP) — Despite an early start, sales data provided to The Associated Press show that stores may once again have to rely on procrastinators to save the holiday shopping season. Sales rose 1.8 percent from Nov. 1 through Monday compared with the same period a year ago, according to...

  • China's wealth finds home in Washington state

    Updated: Fri, Dec 19, 2014

    MEDINA, Wash. (AP) — Savvy Seattle-area real estate agents have gained an advantage by paying attention to the growing connections between China and Washington state. "I'm so glad my mother made me study Chinese," laughed property broker Janie Lee, after showing a client from Beijing a $4...

  • Federal court finds protesters in contempt for ignoring order to halt anti-whaling campaign

    Updated: Fri, Dec 19, 2014

    SAN FRANCISCO (AP) — Federal court finds protesters in contempt for ignoring order to halt anti-whaling campaign.

  • Jail boss: Restrictive NYC unit will stop violence

    Updated: Fri, Dec 19, 2014

    NEW YORK (AP) — Correction officials on Friday encouraged the city's jail watchdog board to approve a proposed rule change to allow for the creation of a 250-bed restrictive housing unit at Rikers Island for the 2.2 percent of inmates they say are responsible for the vast majority of violence....



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