• WPX Energy makes $2.75 billion move into oil-rich Permian Basin

    BY ROD WALTON, Tulsa World | Published: Wed, Jul 15, 2015

    Tulsa-based WPX Energy Inc., which has been remaking itself from a natural gas firm to more of an oil producer, took a big leap in that direction by announcing a $2.75 billion acquisition in the Permian Basin of west Texas and eastern New Mexico. The announcement Tuesday indicated that WPX is acquiring RKI Exploration and Production LLC for $2.35 billion plus assumption of $400 million in debt. The move taps WPX into 92,000 net acres and an average 22,000 barrels of oil equivalent per day in existing production — half of that in oil. The buy also expands WPX’s strategic focus to four basins in the western U.S. The others are the Williston in North Dakota, the Piceance in Colorado and the San Juan in New Mexico. The company has been working to divest itself from holdings in the natural gas-rich Marcellus Shale of the eastern U.S.

  • Smart camera warns you when guns enter your home

    Published: Wed, Jul 15, 2015

    Anxious that you might face an armed home invasion, or that your kids might find the key to the gun cabinet? NanoWatt Design thinks it has a way to give you that crucial early warning. Its crowdfunded GunDetect camera uses computer vision to detect firearms and send a text alert to your phone.

  • Angry Amazon customers vent over sale fail

    Published: Wed, Jul 15, 2015

    It's not living up to the hype. Unhappy Amazon shoppers vented on Wednesday about its "Prime Day" sales, slamming the online retailer with the hashtags that included: #unhappyPrimeDay, #AmazonFail, #gobacktosleep, and #PrimeDayFail. Amazon (AMZN, Tech30) had promoted the 24-hour sale event as having "more deals than Black Friday" and teased major savings on electronics, home appliances and baby products. But based on the response on social media, the site's "Lightning Deals" weren't that electric and some products sold out in a matter of seconds.

  • Facebook goes after Facegloria

    Published: Tue, Jul 14, 2015

    Some folks find a lot of Facebook posts offensive, so a group of evangelical Christians in Brazil have put together a good-news-only Facebook copycat called Facegloria. The real Facebook (FB, Tech30) isn't happy, and sent a cease and desist letter warning that the company is infringing on its trademark and could create consumer confusion. "Like any company, we have to protect our brand," a Facebook spokesperson told CNNMoney. Facebook, which has 1.2 billion active users, lets users hide and report content they find offensive.

  • Williams-Williams Partners deal includes $410 million breakup fee if merger is squashed

    BY ROD WALTON, Tulsa World | Published: Mon, Jul 13, 2015

    Williams Cos. has 410 million other reasons not to approve of Energy Transfer Equity's unsolicited bid to buy the Tulsa-based natural gas infrastructure firm. In addition to saying that ETE's $53 billion all-stock offer undervalues their company, Williams' management and board is putting some serious earnest money down on their own $14 billion plan of merging with Williams Partners LP. The federal regulatory filing issued in May, when Williams announced the  foldup of Williams Partners, also includes one financial detail which has gone relatively unnoticed: Williams will pay Williams Partners $410 million if the deal is shut down.

  • Apple, please kill the 16GB iPhone

    Published: Mon, Jul 13, 2015

    If Apple follows its usual playbook, the company will announce new iPhones -- presumably called the iPhone 6S and 6S Plus -- early in September, and have them for sale on the third Friday of that month. That's less than 70 days from now. As an "S" model, we can expect the 2015 iPhones to maintain the same basic design as their 2014 predecessors, while incorporating some decent changes under the hood: a faster processor (definitely), a better camera (probably) and a Force Touch screen that borrows some Apple Watch tricks (rumored). Unfortunately, one thing that may not change is how much storage the entry-level iPhone 6S will have. Leaked images on 9to5mac purporting to show the new iPhone's logic board reveal a new Toshiba flash memory module that, according the site, has 16GB capacity. (While such images should always be approached with skepticism, author Mark Gurman has an excellent track record, and the images are convincing.)

  • Nintendo president Satoru Iwata dies at 55

    Published: Mon, Jul 13, 2015

    Satoru Iwata, the president of Nintendo, has passed away. He was 55, Yahoo Games reports. Nintendo announced the tragic news in a brief statement, listing his cause of death as “a bile duct growth.”

  • 12 weird jobs you'll be surprised to know exist

    Published: Mon, Jul 13, 2015

    It seems as though we can pay people to do anything for us these days: walk our dogs, build our furniture, organize our homes ... cuddle with us when we're feeling lonely. That's right: You care hire a professional cuddler to snuggle with you for about $60 an hour. You can also pay an "undercover bridesmaid" to stand next to you on your big day, or a professional mourner to cry with you at a loved one's funeral.

  • Here's how billionaire Mark Zuckerberg defines happiness

    Published: Mon, Jul 13, 2015

    Forget the vacations and private getaways — for Facebook founder and CEO Mark Zuckerberg, happiness is all about helping others alongside the people he loves. During a Q&A on Facebook last month, Zuckerberg answered a ton of questions and wrote a great deal about how people play a huge role in his life and work.

  • 15 people who prove you don't have to wake up early to be successful

    Published: Mon, Jul 13, 2015

    Look up habits of successful people, and one thing comes up over and over: Successful people wake up early. But before you attempt to reprogram your sleepy brain, consider this: While, yes, early birds do get some worms, naturally late risers get some perks, too.

  • Sales smackdown: Walmart takes on Amazon 'Prime Day'

    Published: Mon, Jul 13, 2015

    After Amazon announced plans last week for a day of discounts Wednesday to rival Black Friday, Walmart is jumping into the fray. Fernando Madeira, president and CEO of Walmart.com, said in a blog post on Monday that Walmart (WMT) will be launching its own July 15th sales extravaganza online that will offer "thousands of great deals." Not only that, a series of "special atomic deals" are set to continue every other day, according the blog post.

  • Can Reddit be tamed? Probably not

    Published: Sat, Jul 11, 2015

    LOS ANGELES - This week, a group of 200,000 plus vocal users of the Reddit social website succeeded in getting it's embattled interim CEO to resign. You may be wondering: What exactly is Reddit, anyway? It's not in the top 10 of most visited websites, or even the top 50, according to industry measurement firm comScore Media Metrix. And it's site isn't appealing to look at — a jumble of links with few graphics that remind one of the pre-AOL era. What's more, most major advertisers shun it. Reddit's reputation is that of a place where young males, basking in their anonymity, can say anything in language that is, by turns, rude, foul-mouthed and downright mean. It was this culture that former CEO Ellen Pao attempted to clean up, unsuccessfully.

  • Gloves could come off in Williams-ETE saga soon

    BY ROD WALTON, Tulsa World | Published: Fri, Jul 10, 2015

    The battle in Energy Transfer Equity’s $53 billion bid for Tulsa-based Williams Cos. so far has been mainly behind the scenes, but it could spill out into a Wall Street fight in the coming weeks or months. The relationship between the two natural gas infrastructure giants has not gone officially hostile yet, but it’s no courtship either. Dallas-based Energy Transfer’s unsolicited offer, and Williams’ decision to reject it and seek strategic alternatives, has let the cat out of the bag, opened Pandora’s box and a can of worms. Pick your metaphor. The world for 108-year-old Williams has changed, analysts say.

  • KOCO: Northern Edmond residents concerned about plans for new Walmart

    Published: Fri, Jul 10, 2015

    Residents in northern Edmond are concerned about the potential for a new Walmart to be built near their neighborhood, KOCO reports. Corporate representatives met with those residents at a community center Thursday night. The proposal is for a Walmart Neighborhood Market to be built near the intersection of Covell and Coltrane roads ...

  • Energy Transfer CEO, still pursuing Williams Cos., buys another million units in his own company

    BY ROD WALTON, Tulsa World | Published: Thu, Jul 9, 2015

    Regardless of what happens with his company's $53 billion unsolicited bid for Tulsa-based Williams Cos., Kelcy Warren certainly has skin in the game at Energy Transfer Equity LP. In what was called the biggest insider purchase reported to federal regulators Wednesday, ETE CEO Warren revealed he bought one million units in the Dallas-based natural gas pipeline firm. The buy, at $62.63 to $63.94 per unit, pushes Warren's stake in ETE up to nearly 37 million units, according to the U.S. Securities and Exchange Commission filing. At Thursday's market value of nearly $65 per unit, Warren's stake in ETE is now worth about $2.46 billion. He is still pushing hard on the Dallas firm's six-month-old bid to buy Williams despite the Tulsa-based pipeliner's rejection of the original offer.

  • New York firm acquires Tulsa aerospace parts maker

    BY JOHN STANCAVAGE, Tulsa World | Published: Thu, Jul 9, 2015

    Rift Valley Equity Partners LLC, a private investment firm based in New York, announced it has acquired the assets of Tulsa-based M&M Manufacturing Inc. M&M operates a 50,000-square-foot plant that makes precision-machined components for aerospace, defense and industrial applications. The deal by Rift involved affiliated entity M&M Precision Components LLC. The price was not disclosed.

  • Exxon knew of climate change in 1981, email says – but it funded deniers for 27 more years

    Published: Thu, Jul 9, 2015

    ExxonMobil, the world’s biggest oil company, knew as early as 1981 of climate change – seven years before it became a public issue, according to a newly discovered email from one of the firm’s own scientists. Despite this the firm spent millions over the next 27 years to promote climate denial. The email from Exxon’s in-house climate expert provides evidence the company was aware of the connection between fossil fuels and climate change, and the potential for carbon-cutting regulations that could hurt its bottom line, over a generation ago – factoring that knowledge into its decision about an enormous gas field in south-east Asia. The field, off the coast of Indonesia, would have been the single largest source of global warming pollution at the time. “Exxon first got interested in climate change in 1981 because it was seeking to develop the Natuna gas field off Indonesia,” Lenny Bernstein, a 30-year industry veteran and Exxon’s former in-house climate expert, wrote in the email. “This is an immense reserve of natural gas, but it is 70% CO2”, or carbon dioxide, the main driver of climate change.

  • Taco Bell begins testing delivery service at 200 stores

    Published: Wed, Jul 8, 2015

    Taco Bell doesn't want you to have to leave your couch next time you crave a chalupa, USA TODAY reports. The fast-food company says it will begin testing delivery service on Wednesday at 200 outlets in their Dallas, Los Angeles, Orange County, Calif., and San Francisco Bay area markets.

  • NYSE trading halted; stocks down 1% as China, Greece weigh

    Published: Wed, Jul 8, 2015

    U.S. stocks traded sharply lower on Wednesday as continued concerns about Greece and the extended selloff in the Chinese market pressured investor sentiment.

  • New York Stock Exchange suspends trading

    Published: Wed, Jul 8, 2015

    The New York Stock Exchange suspended trading Wednesday morning,CNN Money reports. No one could buy or sell stocks. In a brief announcement, the exchange said it was experiencing a technical issue. The suspension took place at 11:32 a.m.