National business and financial news from NewsOK

  • Listing of the Week: 2804 SE 39, Moore

    Published: Sat, Aug 16, 2014

    The 1,824-square-foot house has three bedrooms, two baths, one living room, two dining areas and an attached three-car garage.

  • Fake $100 bills eluded Secret Service because of their quality

    By Del Quentin Wilber, Bloomberg News | Published: Wed, Aug 13, 2014

    Agents describe ring as sophisticated, saying the counterfeiters appeared close to mimicking the latest currency security features, including 3D ribbons.

  • U.S. job openings in June hit 13-year high

    By JOSH BOAK, AP Economics Writer | Published: Wed, Aug 13, 2014

    U.S. employers in June advertised the most monthly job openings in more than 13 years.

  • Boeing share price could gain altitude

    Published: Sun, Aug 10, 2014

    Malcolm Berko recommends buying Boeing stocks. This 99-year-old company has a backlog of $453 billion, which is about five years’ worth of future revenues. And those revenues are expected to rise about 8 percent annually.

  • What information is needed for Supplemental Security Income claim?

    Social Security Q&A: What information do I need for SSI? | Published: Sun, Aug 10, 2014

    What information do I need for SSI claim?

  • Orange juice prices squeezed; wheat grows

    Published: Sat, Aug 9, 2014

    Wheat prices rise on uncertainty in Ukraine, where wheat crop finds itself in war zone.

  • Reel in excess back-to-school spending with these five tips

    By ALEX VEIGA, Associated Press | Published: Sat, Aug 9, 2014

    Students may not be thrilled about their summer break drawing to a close, but retailers couldn’t be happier. That’s because back-to-school shopping traditionally brings in a windfall that’s second only to the December holiday season. The average family with kids in kindergarten through 12th...

  • Oil boom, housing bust alter U.S. spending trends

    FROM STAFF AND WIRE REPORTS | Published: Fri, Aug 8, 2014

    Oklahomans spend the least, per person, on food, according to new government figures.

  • Bank of America may settle for as much as $17 billion

    By ERIC TUCKER and JOSH BOAK, Associated Press | Published: Thu, Aug 7, 2014

    Bank of America is nearing a settlement for $16 billion to $17 billion to resolve an investigation into its role in the sale of mortgage-backed securities before the 2008 financial crisis, The Associated Press has learned.

  • U.S. trade gap falls to lowest level in 5 months

    By CHRISTOPHER S. RUGABER, Associated Press | Published: Wed, Aug 6, 2014

    The U.S. trade deficit fell in June to its lowest level since January as imports dropped sharply, led by lower shipments of cellphones, petroleum, and cars.

  • Wealth gap seen as slowing U.S. recovery

    By JOSH BOAK, Associated Press | Published: Wed, Aug 6, 2014

    Economists have long argued that a rising wealth gap has complicated the U.S. rebound from the Great Recession. Now, an analysis by the rating agency Standard & Poor’s lends its weight to the argument: The widening gap between the wealthiest Americans and everyone else has made the economy...

  • Oklahoman columnist offers finance tips during vacation of a lifetime to Italy

    By Paula Burkes, Business Writer | Published: Wed, Aug 6, 2014

    Forty-five years after she dreamed of it, Oklahoman columnist Paula Burkes toured Rome, Florence and Italy last month.

  • Rates on U.S. Treasury bills fall at weekly auction

    Published: Tue, Aug 5, 2014

    The Treasury Department auctioned $28 billion in three-month bills at a discount rate of 0.025 percent, down from 0.030 percent last week.

  • Affordable housing draws middle class to inland cities, like Oklahoma City

    Published: Mon, Aug 4, 2014

    OKLAHOMA CITY — The country’s fastest-growing cities are now those where housing is more affordable than average, a decisive reversal from the early years of the millennium, when easy credit allowed cities to grow without regard to housing cost and when the fastest-growing cities had housing...

  • U.S. job growth slows but tops 200K for a sixth month

    By CHRISTOPHER S. RUGABER, Associated Press | Published: Sat, Aug 2, 2014

    Employers added 209,000 jobs last month. Though that was fewer than in the previous three months, the economy has now produced an average 244,000 jobs a month since February — the best six-month string in eight years.

  • Southwest Airlines ends partnership with SeaWorld

    By MIKE SCHNEIDER, Associated Press | Published: Thu, Jul 31, 2014

    Southwest Airlines and SeaWorld Entertainment will end their 25-year-old marketing partnership after their contract expires. The airline had been urged by animal rights activists to terminate the relationship.

  • U.S. judge fines Bank of America

    By KEN SWEET , AP Markets Writer | Published: Thu, Jul 31, 2014

    In brief BOA nets $1.3B fine NEW YORK — A federal judge imposed a $1.3 billion civil penalty against Bank of America on Wednesday for its role in selling risky mortgages to Fannie Mae and Freddie Mac that were advertised as safe investments. The fine was against Countrywide Financial,...

  • Analysts say U.S. economy gaining new vigor

    By MARTIN CRUTSINGER, Associated Press | Published: Thu, Jul 31, 2014

    Analysts say the economy has been showing new strength Wednesday after the government estimated it grew at a fast 4 percent annual rate in the April-June quarter. The government also said growth was more robust last year than it had previously estimated.

  • U.S. consumer confidence jumps to 90.9 in July

    By MARTIN CRUTSINGER, Associated Press | Published: Wed, Jul 30, 2014

    The Conference Board said Tuesday that its confidence index rose to 90.9 in July from an upwardly revised 86.4 in June. The July reading is the highest since October 2007.

  • Debt collectors are after 35 percent of U.S.

    By JOSH BOAK, Associated Press | Published: Tue, Jul 29, 2014

    The Urban Institute study found that 35.1 percent of people with credit records had been reported to collections for debt that averaged $5,178, based on September 2013 records.

  • Taking Stock: Seven cheap stocks purely a speculative buy

    By Malcolm Berko, For The Oklahoman | Updated: Fri, Jul 25, 2014

    Malcolm Berko: I know bupkis about cheap stocks. But Big Jack, an on-again, off-again acquaintance of mine who was a low-level big shot at Merrill Lynch when John “The Pain” Thain was chosen as CEO, is a recognized certifiable cheap stock genius, or CCSG.

  • “Ace” Greenberg, Oklahoma City native and former head of Bear Stearns, dies at 86

    By Don Mecoy, Business Editor | Updated: Fri, Jul 25, 2014

    The Wall Street legend led Bear Stearns as it grew into one of the most profitable investment banks in history.

  • Across U.S. job market, layoffs are becoming rare

    By The Associated Press | Published: Fri, Jul 25, 2014

    Employers have added 200,000-plus jobs for five straight months, and the unemployment rate has reached 6.1 percent, the lowest since 2008.

  • Regulators consider acting against S&P over ratings

    Published: Wed, Jul 23, 2014

    Standard & Poor’s said Wednesday the Securities and Exchange Commission has told the rating agency they are considering taking civil enforcement action over ratings S&P gave to six deals in 2011 involving securities tied to commercial mortgages.

  • Study says bachelor's not needed for medical careers

    By Catherine Sweeney, Business Writer | Published: Wed, Jul 23, 2014

    Bachelor’s degrees aren’t necessarily vital to successful medical careers, according to a national study by the Brookings Institute.