National business and financial news from NewsOK

  • Louisville 1st-in-South to raise minimum wage

    Updated: 26 min ago

    LOUISVILLE, Ky. (AP) — Louisville has become the first city in the South to raise the minimum wage, joining 20 others across the country. The Louisville Metro Council voted Thursday to raise the minimum wage to at least $9 per hour by 2017. The current federal minimum wage is $7.25. The...

  • California's top utility regulator defends record

    Updated: 55 min ago

    SAN FRANCISCO (AP) — California's chief utility regulator ended the last scheduled public hearing of his increasingly embattled 12-year term Thursday with no explicit reference to the alleged back-channel dealings with the state's largest utility company that have marred his tenure. California...

  • Contrite Vegas hotelier wins gambling license

    Updated: 1 hr ago

    LAS VEGAS (AP) — The Los Angeles nightlife magnate who revamped Las Vegas' Sahara hotel and casino won a Nevada gambling license Thursday after explaining his drug use and curious business dealings, but not without limits and a promise that he'll remain under heavy scrutiny. Sam Nazarian's...

  • Hellmann's maker Unilever drops suit over 'Just Mayo'

    Updated: 1 hr ago

    Hellmann's mayonnaise maker Unilever has withdrawn its lawsuit against the maker of "Just Mayo." Unilever filed suit against Hampton Creek earlier this year claiming the name of the small California company's product amounted to false advertising. The consumer-products giant, whose U.S. arm is...

  • China pledges to speed entry of US pharmaceuticals

    Updated: 1 hr ago

    CHICAGO (AP) — China promised Thursday to speed up imports of pharmaceuticals and medical devices from the United States and enforce its anti-monopoly laws equally among Chinese and foreign companies. Those commitments were announced at an annual trade meeting between the two countries that...

  • 'The Interview' jeopardizes overseas movie villains

    Updated: 2 hr ago

    LOS ANGELES (AP) — Hollywood loves its overseas villains. Evil forces from Russia, China and North Korea have tirelessly menaced our big-screen heroes in recent years. But, in the wake of the startling cancellation of "The Interview," an entire species of movie baddies might be in danger of...

  • Judge may toss 4 guilty pleas in inside-trade case

    Updated: 2 hr ago

    NEW YORK (AP) — A judge said Thursday he's leaning toward tossing out four guilty pleas in an insider-trading case, the latest fallout from a recent appeals court ruling criticizing prosecutors' tactics. U.S. District Judge Andrew L. Carter Jr. notified attorneys of his plans in separate...

  • Government selling last stake in Ally Financial

    Updated: 2 hr ago

    WASHINGTON (AP) — The government is selling the last of its shares in Ally Financial Inc., the former financing arm of General Motors that was bailed out during the financial crisis. Detroit-based Ally said Thursday that the Treasury Department is selling its remaining 54.9 million shares. That...

  • Land, water rights needed for Nevada nuclear dump

    Updated: 2 hr ago

    LAS VEGAS (AP) — The federal Energy Department will need to acquire water and land rights before it gets approval to entomb the nation's most radioactive waste beneath a mountain in the Nevada desert, according to a report released Thursday by an the agency being asked to license the project....

  • Oregon high court says injured snowboarder can sue

    Updated: 2 hr ago

    SALEM, Ore. (AP) — The Oregon Supreme Court ruled Thursday a ski resort's broad liability waiver cannot prevent a paralyzed snowboarder from suing. The justices ruled that the liability waiver was "unconscionable" and contrary to public policy, potentially opening the door for more people...

  • Montana ex-billionaire jailed for contempt

    Updated: 3 hr ago

    BUTTE, Mont. (AP) — Embattled real estate mogul Tim Blixseth was taken away in handcuffs on Thursday after a federal judge ordered the onetime billionaire jailed until he accounts for millions of dollars he owes his creditors. Blixseth's lawyers said they were uncertain how long it would take...

  • Will artists skip studio support after Sony scandal?

    Updated: 3 hr ago

    LOS ANGELES (AP) — Sony's decision to cancel "The Interview" in the face of terrorist threats is already affecting the way Hollywood does business. It has outraged artists, killing their faith in studios to release edgy content. But it's also inspired a rare hush across a usually chatty industry...

  • Bankruptcy judge approves Nortel bondholder settlement

    Updated: 3 hr ago

    DOVER, Del. (AP) — A Delaware bankruptcy judge has approved a $1 billion settlement between Nortel Networks Corp.'s U.S. unit and bondholders over opposition from the Canadian parent company. The judge said Thursday that the settlement resolves a major dispute in Nortel's bankruptcy saga, which...

  • Uber suspends operations in Portland for 3 months

    Updated: 3 hr ago

    PORTLAND, Ore. (AP) — Less than two weeks after the ride-hailing app Uber launched in Portland without officials' approval, the company said it is suspending operations for three months to work out its differences with the city. General manager Brooke Steger wrote in a blog post Thursday that...

  • US regulators label MetLife as potential financial threat

    Updated: 3 hr ago

    WASHINGTON (AP) — U.S. regulators have labeled insurer MetLife as a potential threat to the financial system, a designation that brings stricter government oversight. MetLife said Thursday that the Financial Stability Oversight Council has designated the company as "systemically important." As...

  • Group challenges timber producer's 'green' label

    Updated: 3 hr ago

    GRANTS PASS, Ore. (AP) — A watchdog group is challenging the environmentally friendly "green lumber" certification for Plum Creek Timberlands, one of the nation's biggest landowners and timber producers. The Center for Sustainable Economy, based in Lake Oswego, Oregon, filed the complaint...

  • Correction: Alaska Pipeline story

    Updated: 4 hr ago

    JUNEAU, Alaska (AP) — In a story Dec. 17 about the office of the federal coordinator for Alaska gas pipeline projects, The Associated Press, relying on information from a spokesman for U.S. Sen. Lisa Murkowski reported erroneously on proposed funding for the project. Murkowski was prepared to...

  • 2 in meningitis outbreak case to be released

    Updated: 4 hr ago

    BOSTON (AP) — Two men at the center of a 2012 fungal meningitis outbreak that killed 64 people around the U.S. will be released from custody, pending their criminal trials, a federal judge in Boston ruled Thursday. U.S. Magistrate Jennifer Boal issued an electronic order saying that the U.S....

  • Judge orders onetime billionaire, embattled real estate mogul Tim Blixseth jailed for contempt

    Updated: 4 hr ago

    BUTTE, Mont. (AP) — Judge orders onetime billionaire, embattled real estate mogul Tim Blixseth jailed for contempt.

  • Fed gives banks more time to sell risky holdings

    Updated: 4 hr ago

    WASHINGTON (AP) — The Federal Reserve is delaying by two years a requirement that U.S. banks sell off their riskiest investments such as stakes in private equity and hedge funds. Banks say they need more time to complete the sales. The sales are mandated by the Volcker Rule, approved in 2010...

  • Sides 'far apart' in West Coast port negotiations

    Updated: 4 hr ago

    LOS ANGELES (AP) — While West Coast seaports struggle to keep up with billions of dollars of cargo, dockworkers and their employers apparently aren't close to a new contract nearly six months after their old deal expired. Longshoremen have continued to work without a contract at 29 ports from...

  • Foxwoods hiring of convict challenged in court

    Updated: 4 hr ago

    MASHANTUCKET, Conn. (AP) — The felony conviction of a former Mashantucket Pequot Tribal Nation official should have kept him from receiving a management job at the tribe's Foxwoods Resort Casino, an attorney for another tribal member argued Thursday. The former tribal councilor, Steven Thomas,...

  • New York Fashion Week booted out of Lincoln Center

    Updated: 4 hr ago

    NEW YORK (AP) — C'est la vie, fashionistas. The city of New York and Lincoln Center are evicting the invitation-only, twice-yearly Mercedes-Benz Fashion Week in a court spat over destroyed trees and displaced park benches. A judge Friday approved a pretrial settlement in a complaint brought by...

  • Sony hacking fallout puts all companies on alert

    Updated: 4 hr ago

    ATLANTA (AP) — Companies across the globe are on high alert to tighten up network security to avoid being the next company brought to its knees by hackers like those that executed the dramatic cyberattack against Sony Pictures Entertainment. The hack, which a U.S. official has said...

  • Plea hearing set for ex-manager in halal food case

    Updated: 5 hr ago

    IOWA CITY, Iowa (AP) — A former manager at an Iowa-based halal food supplier is expected to plead guilty as part of a federal criminal investigation into the company's exporting and marketing practices, according to court documents filed Thursday. Conspiracy charges filed against Philip G....



Advertisement

VIDEOS