National business and financial news from NewsOK

  • Asian stock markets rise as dollar gains

    Updated: 1 hr ago

    SEOUL, South Korea (AP) — Asian stock markets rose Wednesday, lifted by new signs of strength in the U.S. economy and expectations that Europe's central bank will provide more support to the flagging region. A report showing solid growth in China's services industries also bolstered sentiment....

  • Openings to resume in Detroit bankruptcy trial

    Updated: 2 hr ago

    DETROIT (AP) — An attorney for Detroit is set to resume his opening statement at the city's historic bankruptcy trial, after saying on the first day that Detroit needs the restructuring to survive. Opening statements also are expected Wednesday from supporters of the city's debt restructuring...

  • AP Photos: More Atlantic City slots stop spinning

    Updated: 2 hr ago

    ATLANTIC CITY, N.J. (AP) — Gamblers at two Atlantic City casinos got in their final bets over Labor Day weekend as Revel Casino Hotel and the Showboat Casino Hotel became the latest victims of Atlantic City's drastic slide. Atlantic City, which started the year with 12 casinos, will have eight...

  • Teen due for sentencing in trade center climb

    Updated: 2 hr ago

    NEW YORK (AP) — A teenager who sneaked to the top of the 1 World Trade Center tower is set to be sentenced to community service for a climb that fueled security concerns at the nation's tallest building. Justin Casquejo (cahs-KAY'-oh) is due Wednesday in a Manhattan court. He pleaded guilty in...

  • Casino closings lead to mass unemployment filing

    Updated: 2 hr ago

    ATLANTIC CITY, N.J. (AP) — Thousands of newly laid-off casino workers are expected to turn out at the Atlantic City Convention Center for a mass unemployment filing. The session Wednesday morning comes after a brutal weekend that saw more than 5,000 employees at the Showboat and Revel lose...

  • Gulf of Maine: 'Poster child' for global warming

    Updated: 2 hr ago

    FRIENDSHIP, Maine (AP) — Scientists say the Gulf of Maine is warming faster than more than 99 percent of the world's oceans. That has environmentalists and fishermen worried about the future of one of the Atlantic Ocean's most unique ecosystems. Gulf of Maine Research Institute Chief...

  • Business theme briefs for Sept. 3

    Published: Wed, Sep 3, 2014

    Business theme briefs for Sept. 3, 2014

  • Celeb hacking scandal shows digital vulnerability

    Updated: 3 hr ago

    LOS ANGELES (AP) — To keep private pictures private, never upload them online. That's the advice experts offer after hackers broke into female celebrities' personal accounts, stole nude photos and posted them on the web. Jennifer Lawrence and Mary Elizabeth Winstead have said they were victims...

  • CVS changes name, stops tobacco sales early

    Updated: 3 hr ago

    As CVS sharpens its focus on customer health, the nation's second-largest drugstore chain will tweak its corporate name and stop the sale of tobacco nearly a month sooner than planned. CVS Caremark said it will now be known as CVS Health, effective immediately. The signs on its roughly 7,700...

  • Halliburton reaches $1B Gulf oil spill settlement

    Updated: 4 hr ago

    NEW ORLEANS (AP) — Halliburton's agreement to pay more than $1 billion to settle numerous claims involving the 2010 BP Gulf of Mexico oil spill could be a way for the company and victims of the spill to avoid years of costly litigation — if all the pieces fall into place. A federal judge still...

  • US rejects Norwegian Air bid for US-Europe flights

    Updated: 6 hr ago

    WASHINGTON (AP) — In a case that has labor and trade policy implications, the Obama administration on Tuesday rejected a request that would have immediately permitted a low-cost air carrier to begin flights between the U.S. and Europe while the government is still reviewing its application for...

  • Recovery knocks 21 fish species from watch list

    Updated: 6 hr ago

    SAN FRANCISCO (AP) — Twenty-one species of fish made the leap Tuesday off a watch list of seafood to avoid as unsustainably overfished, leaving conservationists and many fishermen and chefs celebrating the turnaround of a West Coast fishing ground declared an economic disaster area by the...

  • Judges recommend $1.4B penalty against PG&E

    Updated: 7 hr ago

    SAN FRANCISCO (AP) — California regulatory judges recommended a $1.4 billion penalty on Tuesday — the largest safety-related levy ever against a public utility in the state — for a fiery 2010 gas pipeline explosion that killed eight people in a suburban San Francisco neighborhood. The...

  • Apple: Some nude shots taken from stars' accounts

    Updated: 7 hr ago

    LOS ANGELES (AP) — Apple said Tuesday that hackers obtained nude photos of Jennifer Lawrence and other female celebrities by pilfering images from individual accounts rather than through a broader attack on the company's services. Meanwhile, numerous sharing sites removed images of the stars...

  • Cory Gardner says he's 'a new kind of Republican'

    Updated: 8 hr ago

    DENVER (AP) — U.S. Rep. Cory Gardner on Tuesday released the second of two ads touting his support for renewable energy and over-the-counter birth control pills, calling himself "a new kind of Republican" as he tries to unseat Democratic Sen. Mark Udall in a state that has become increasingly...

  • EPA OKs FutureGen plan for CO2 storage

    Updated: 8 hr ago

    CHAMPAIGN, Ill. (AP) — The U.S. Environmental Protection Agency on Tuesday said it has approved permits for the FutureGen clean coal project to store carbon dioxide underground, a key step in the longstanding plan to build the project. FutureGen plans to store carbon dioxide, a greenhouse...

  • In light of celebrity hacks, how to protect data

    Updated: 9 hr ago

    NEW YORK (AP) — The theft of nude photographs from celebrities' online accounts has thrown a spotlight on the security of cloud computing, a system used by a growing number of Americans to store personal information over the Internet. On Tuesday, Apple acknowledged the security breakdown and...

  • 5 protesters arrested after blocking oil train

    Updated: 9 hr ago

    SEATTLE (AP) — Five people were arrested Tuesday after tying themselves to poles erected over the railroad tracks at a Burlington Northern Santa Fe yard in Everett that about a dozen demonstrators blocked to protest train shipments of oil and coal and proposed export terminals in the Northwest....

  • 'Guardians' tops box office for the summer, year

    Updated: 9 hr ago

    LOS ANGELES (AP) — "Guardians of the Galaxy" closed out the summer movie season with a first-place finish. Marvel's Disney-distributed space adventure — the top-grossing film of the year so far in North America — added another $22.9 million to its coffers over Labor Day weekend. Paramount's...

  • Attorney: Detroit needs debt plan to survive

    Updated: 9 hr ago

    DETROIT (AP) — The plan to restructure billions of dollars in debt is the vehicle the Motor City needs to free up funds to provide services to residents and allow the city to survive, one of Detroit's attorneys told the federal judge at the helm of the historic bankruptcy trial, which started...

  • It's no longer safe to recline your airplane seat

    Updated: 9 hr ago

    NEW YORK (AP) — Squeezed into tighter and tighter spaces, airline passengers appear to be rebelling, taking their frustrations out on other fliers. Three U.S. flights made unscheduled landings in the past eight days after passengers got into fights over the ability to recline their seats....

  • McCrory praises eastern NC natural gas pipeline

    Updated: 9 hr ago

    PEMBROKE, N.C. (AP) — Gov. Pat McCrory says a proposed natural gas pipeline traveling through eastern North Carolina will serve as a tool to attract more jobs and industries to the state. McCrory visited Pembroke on Tuesday to highlight the announced construction of a 550-mile pipeline from...

  • Home Depot probes possible credit card data breach

    Updated: 10 hr ago

    NEW YORK (AP) — Home Depot may be the latest retailer to suffer a major credit card data breach. The Atlanta-based home improvement retailer told The Associated Press Tuesday that it is working with both banks and law enforcement to investigate "unusual activity" that would point to a hack....

  • US court hears debate in NSA phone records case

    Updated: 10 hr ago

    NEW YORK (AP) — A lawyer defending the government's bulk collection of millions of Americans' telephone records found himself facing tough questions Tuesday from appeals judges wanting to know whether the program will inevitably lead to, as one judge put it, the government's study of "every...

  • Revel casino follows Showboat, closes its doors

    Updated: 10 hr ago

    ATLANTIC CITY, N.J. (AP) — Atlantic City's newest casino — and its biggest, costliest flop — went out with barely a whimper. Revel Casino Hotel opened a little more than two years ago amid high hopes of turning around Atlantic City's struggling casino market. But the $2.4 billion resort shut...



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