• Former Arrow Trucking CEO sentenced to 7.5 years in prison

    FROM TULSA WORLD STAFF REPORTS | Published: Fri, Oct 9, 2015

    Fourteen years after he inherited the CEO job from his father, and six years after Arrow Trucking imploded amid accusation of fraud and corruption, Doug Pielsticker was   sentenced Friday in federal court to 90 months in prison. Pielsticker was indicted last December  on 23 counts of conspiracy, tax evasion and bank fraud. But a  plea deal in February  reduced the charges to just two — tax evasion and conspiracy to commit tax fraud. "I'm sorry to my family," Pielsticker said Friday in the courtroom before his sentencing. "I'm sorry to the court. I'm sorry to the people of Arrow that worked for me."

  • Four more carmakers join diesel emissions row

    Published: Fri, Oct 9, 2015

    Mercedes-Benz, Honda, Mazda and Mitsubishi have joined the growing list of manufacturers whose diesel cars are known to emit significantly more pollution on the road than in regulatory tests, according to data obtained by the Guardian. In more realistic on-road tests, some Honda models emitted six times the regulatory limit of NOx pollution while some unnamed 4x4 models had 20 times the NOx limit coming out of their exhaust pipes. “The issue is a systemic one” across the industry, said Nick Molden, whose company Emissions Analytics tested the cars. The Guardian revealed last week that diesel cars from Renault, Nissan, Hyundai, Citroen, Fiat, Volvo and Jeep all pumped out significantly more NOx in more realistic driving conditions. NOx pollution is at illegal levels in many parts of the UK and is believed to have caused many thousands of premature deaths and billions of pounds in health costs.

  • Childcare now costs more than rent. No wonder more women are opting out of the workforce

    Published: Fri, Oct 9, 2015

    When did childcare become the biggest line item in a family’s budget?   A new research paper from the Economic Policy Institute (EPI), a worker advocacy group, finds that caretaking costs have become so exorbitant that in most parts of the U.S., families spend more on childcare than they do on rent (included in that number: babysitting, nannies, and out-of-home day care centers).   The U.S. Department of Health and Human Services says that in order to be considered affordable, childcare should account for no more than 10% of a family’s budget. In reality, though, these costs can eat up more than 30%. Much like rent, how much people spend on their kids’ care varies dramatically by location, as evidenced by EPI’s map below. Monthly childcare costs for a household with a 4-year-old are $344 in rural South Carolina and $1,472 in Washington, D.C. Infant care is even more expensive.

  • Creator of 5-hour Energy Wants to Power the World's Homes—With Bikes

    Published: Fri, Oct 9, 2015

    The man who created the 5-hour Energy drink says he has more money than he needs—about $4 billion more. So he’s giving it away, spending his fortune on a quest to fix the world's biggest problems, including energy.   Manoj Bhargava has built a stationary bike to power the millions of homes worldwide that have little or zero electricity. Early next year in India, he plans to distribute 10,000 of his Free Electric battery-equipped bikes, which he says will keep lights and basic appliances going for an entire day with one hour of pedaling.   Bhargava, who dropped out of Princeton University after a year because he was bored and then lived in ashrams for 12 years in his native India, doesn’t stop at bikes. He’s working on ways to make saltwater drinkable, enhance circulation in the body, and secure limitless amounts of clean geothermal energy—via a graphene cord.

  • Facebook tests 'Reactions,' a Like button with more emotions

    Published: Thu, Oct 8, 2015

    How you "like" things on Facebook is about to change. Engadget has learned that the site is about to launch a "Reactions" feature that expresses multiple emotions, instead of the long-serving, lonely "like" (and long rumoured "dislike"). Sources advise that Facebook will start testing the feature on users in Ireland and Spain as soon as tomorrow (Friday).

  • Netflix is raising the price of its main plan to $9.99 per month

    Published: Thu, Oct 8, 2015

    Netflix has announced that effective immediately, it's raising the price of its most popular plan to $9.99 per month, up from the previous monthly rate of $8.99, TheVerge.com reports. Existing customers don't have to worry about paying the higher subscription until October 2016, the company said. This plan allows two simultaneous streams for each customer and also includes high definition streaming; a cheaper non-HD $7.99/month plan will remain available. Netflix justifies the price jump by saying it's necessary to help the company "bring more great content to users."

  • Oregon's first week of recreational pot sales tops $11 million

    Published: Thu, Oct 8, 2015

    PORTLAND, Ore. -- After just one week of recreational marijuana sales, Oregon dispensaries have raked in an estimated $11 million.   That figure could mean the state's estimate is shockingly low for how much money it'll make when pot taxes kick in this January.   At Nectar on Northeast Sandy Boulevard and 33rd Avenue, they're restocking the shelves a lot this week.

  • U.S. asks Toyota to explain why ISIS has so many new trucks

    Published: Thu, Oct 8, 2015

    Terrorists drive nice trucks, U.S. counter-terrorism officials have noticed. Countless news videos and social media posts show Islamic State (ISIS) terrorists driving around in what appear to be new Toyota trucks. The U.S. has asked Toyota to explain how hundreds, if not thousands, of the ubiquitous white pickups ended up in enemy hands.

  • Most Americans have less than $1,000 in savings

    Published: Thu, Oct 8, 2015

    Americans are living right on the edge — at least when it comes to financial planning.   Approximately 62% of Americans have less than $1,000 in their savings accounts and 21% don’t even have a savings account, according to a new survey of more than 5,000 adults conducted this month by Google Consumer Survey for personal finance website GOBankingRates.com. “It’s worrisome that such a large percentage of Americans have so little set aside in a savings account,” says Cameron Huddleston, a personal finance analyst for the site. “They likely don’t have cash reserves to cover an emergency and will have to rely on credit, friends and family, or even their retirement accounts to cover unexpected expenses.”

  • Tulsa-area apartments are among the cheapest in the nation

    BY ROBERT EVATT, Tulsa World | Published: Wed, Oct 7, 2015

    Ashli Lincoln, a longtime resident of Georgia, had a few adjustments to make when she moved from Savannah to Tulsa in May to become an anchor at KOKI Fox 23. “Savannah’s more of a Southern charm city, and there’s more of a Midwestern vibe here,” she said. But one pleasant surprise was discovering the cost of apartments in Tulsa. Although Lincoln estimates she’s spending $100 more per month than in Savannah, she feels she’s getting a much better deal at The Crown Village at Elm Ridge in Broken Arrow.

  • Big U.S. firms hold $2.1 trillion overseas to avoid taxes: study

    Published: Wed, Oct 7, 2015

    The 500 largest American companies hold more than $2.1 trillion in accumulated profits offshore to avoid U.S. taxes and would collectively owe an estimated $620 billion in U.S. taxes if they repatriated the funds, according to a study released on Tuesday.  The study, by two left-leaning non-profit groups, found that nearly three-quarters of the firms on the Fortune 500 list of biggest American companies by gross revenue operate tax haven subsidiaries in countries like Bermuda, Ireland, Luxembourg and the Netherlands.  Citizens for Tax Justice and the U.S. Public Interest Research Group Education Fund used the companies' own financial filings with the Securities and Exchange Commission to reach their conclusions.

  • Norwegian Air CEO Says $69 Flights From U.S. to Europe Coming Soon

    Published: Wed, Oct 7, 2015

    Norwegian Air Shuttle ASA hopes to sell one-way tickets to Europe for $69 as early as 2017 by flying from U.S. airports that have low fees, Chief Executive Officer Bjørn Kjos said in an interview Tuesday.   Europe's third-largest budget airline is considering flights to Edinburgh and Bergen, Norway from U.S. airports that have little to no international service today, such as New York's Westchester County Airport and Connecticut's Bradley International Airport, just north of Hartford, Kjos said.  Average prices on such routes are likely to be closer to $300 round trip, Kjos said, compared with many of Norwegian's fares that run more than $500 today because of higher fees levied by busier airports.

  • Report: Williams Cos. investors file class action suit over ETE sale

    BY CASEY SMITH, Tulsa World | Published: Tue, Oct 6, 2015

    Two Williams Cos. investors filed a putative class action suit against the Tulsa-based energy company Monday, alleging that the $37.7 billion sale to Energy Transfer Equity announced last week undervalues Williams Cos. The lawsuit was reported by  Law360 , a subscription-based legal news service operated by LexisNexis subsidiary the Portfolio Media company. According to the Law360 report, the suit against Williams was filed in Delaware Chancery Court by Williams Cos. investors Richard Greenwald and Joyce B. Greenwald. 

  • BP fined a record $20.8 billion for oil spill disaster

    Published: Tue, Oct 6, 2015

    BP PLC — the company responsible for the 2010 Deepwater Horizon oil spill — will pay a record $20.8 billion to the US government to cover damages caused by the disaster, the Department of Justice announced Monday. The deal finalizes an agreement between BP and the federal government that was first announced in July, in which BP said it would pay $18.7 billion. This final settlement updates that number and resolves all civil claims against BP set forth by the Department of Justice and five Gulf states. It is considered "the largest settlement with a single entity in American history," according to US Attorney General Loretta Lynch.   Out of the money owed, BP will pay $5.5 billion to cover penalties incurred under the Clean Water Act, the US law that regulates water pollution. The five states affected by the spill — Alabama, Florida, Louisiana, Mississippi, and Texas — will also receive large sums to cover damages, as will 400 local government entities. Apart from this settlement, BP has spent a reported $28 billion on cleanup and compensation.

  • New $5 service will cancel your Comcast in 5 minutes

    Published: Mon, Oct 5, 2015

    Have you ever suffered the pain of trying to cancel your cable and internet service? The endless mashing of “0” to get to an operator, since there is no easy option for “cancel your service.” Sure, you can change your service or upgrade it — but cancel it? It becomes a long ordeal in which you are tricked and sometimes berated into keeping your service, or else. Comcast is particularly bad about this. A new service is hoping to expedite that harrowing process for you, among many other aggravating ordeals that could tie you up on the phone for hours and leave you exhausted, or incensed, afterward. AirPaper will handle all the nastiness of nixing your Comcast plan for a mere $5.  $5 for peace of mind and a bit of sanity feels like a steal.

  • Bernanke: More execs should have faced prosecution for 2008 crisis

    Published: Mon, Oct 5, 2015

    Former Federal Reserve Chairman Ben Bernanke said in a newspaper interview published on Sunday that more corporate executives should have been prosecuted for their actions leading up to the 2008 financial crisis.   Bernanke told USA Today that the U.S. Justice Department and other law enforcement agencies focused on investigating or indicting financial firms.   "But it would have been my preference to have more investigation of individual action, since obviously everything that went wrong or was illegal was done by some individual, not by an abstract firm," Bernanke was quoted as saying.

  • Google Parent Company Alphabet Drops 'Don't Be Evil' Motto

    Published: Sun, Oct 4, 2015

    Instead, employees are now expected to "do the right thing."

  • Couple bets big on Tulsa-to-OKC transit

    BY SAMUEL HARDIMAN, Tulsa World | Published: Fri, Oct 2, 2015

    A Tulsa couple wants to start a commuter bus route from Tulsa to Oklahoma City, and they're using the Oklahoma City Thunder's upcoming season as a test drive. Jen and Adam Doverspike are proponents of a more-walkable, less vehicle-driven community in Tulsa, Jen Doverspike said, and that's why the two are investing their own money to start MotherRoad Travel LLC. The company, partnering with Kincaid Coach Lines, will provide service from two locations — Foolish Things at 10th and Main streets and Hardesty Regional Library — for weekday games and leave from Tulsa Spine and Specialty Hospital for weekend games. For Wednesday games, it will use  LifeChurch.tv Jenks campus. Tickets are  available online  for $40.

  • Tulsa could become home to national BMX headquarters

    BY JARREL WADE, Tulsa World | Published: Fri, Oct 2, 2015

    The city and county are coming together on a project to land an Olympics BMX training facility, and their eyes are on Expo Square offices and the old Drillers Stadium. “Just the simple fact that there’s an opportunity for the city and county to partner on this sets a good example,” City Councilor Blake Ewing said at a Thursday morning meeting. “What a strange concept,” County Commissioner Ron Peters replied.

  • Vision 2025 sparked nearly $1B in downtown Tulsa real estate development, report says

    BY ROBERT EVATT, Tulsa World | Published: Thu, Oct 1, 2015

    Approximately $254 million of Vision 2025 funds went to downtown Tulsa. That was in September 2003. Since the BOK Center arena and other projects were finished in 2008, they have been joined by an additional $921 million in planned or completed private real estate developments that are bringing living options, shops, restaurants, bars and other attractions to the area, according to a new report from CB Richard Ellis. Of that $921 million, $400 million are completed projects, $321 million are projects that have been announced or are currently under construction and $200 million are in the conceptual stages.