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Oklahoma tornadoes: For Moore businesses, rebuilding will be more than structural

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While many Moore businesses will be working to repair the brick-and-mortar part of the store, bringing customers back after the storm takes work, too.

Target's 1Q profit drops 26 pct on weak sales May 22, 2013 NEW YORK (AP) — Target Corp. is reporting a 26 percent drop in first-quarter profits as cool temperatures and financial pressures limited customers' appetite for spending. The company, based in Minneapolis, also cut its annual profit outlook. Target says that it earned $498 million, or 77 cents per share, for... Read More

Futures rise; all eyes on the Fed

May 22, 2013 NEW YORK (AP) — U.S. stock futures are rising with the nation's central bank seemingly committed to ushering along a financial rebound and the housing market nearing an important milestone. Dow Jones industrial futures are up 15 points to 15,370. S&P futures have added 2.2 points to 1,667.80. Nasdaq futures are... Read More

Staples 1Q profit falls, misses Street estimates May 22, 2013 FRAMINGHAM, Mass. (AP) — Staples' net income fell 9 percent in the first quarter, as revenue fell 4 percent with fewer people heading into its North American and European stores. The office products company earned $169.9 million, or 26 cents per share, for the period ended May 4. A year earlier the Framingham,... Read More

Schumer: US needs storm app for tablets, phones May 22, 2013 ALBANY, N.Y. (AP) — U.S. Sen. Charles Schumer is proposing a national application for smartphones, tablets and the Internet which would quickly update comprehensive storm warnings nationwide. The app would simplify, streamline and digitize complex data to avoid confusion resulting from conflicting media reports... Read More

Japan watchdog: Nuclear plant sits on active fault May 22, 2013 TOKYO (AP) — Japan's nuclear watchdog on Wednesday endorsed a panel's conclusion that a seismic fault running underneath one of two reactors at an atomic plant in western Japan is active, making the reactor's restart virtually impossible. The Nuclear Regulation Authority said it agreed with the panel of experts... Read More

Oklahoma oil and gas prices: May 22, 2013 May 22, 2013 OIL AND GAS PRICES Oklahoma crude oil prices as of 5 p.m. Tuesday: Oklahoma Sweet: Sunoco Inc. — $ Oklahoma Sour: Sunoco Inc. — $ Oklahoma oil and gas drilling activity posted Apr. 23: COMPLETION Alfalfa: Midstates Petroleum Co. LLC; Humphrey No. 1H-15 Well; NE1/4 NW1/4 NW1/4 NE1/4 (SL) of... Read More

Lowe's 1Q profit rises, but results miss Street May 22, 2013 MOORESVILLE, N.C. (AP) — Lowe's first-quarter net income rose almost 3 percent, even as a wet and cool spring dampened sales of gardening products. But the home improvement chain's quarterly performance missed Wall Street's expectations. Its shares dropped more than 4 percent in premarket trading Wednesday.... Read More

US auto factories cutting back on summer downtime

May 22, 2013 DETROIT (AP) — The Detroit automakers are largely forgoing the traditional two-week summer break at their factories and speeding up production to meet buyers' growing demand for new cars and trucks. Ford Motor Co. said Wednesday that 21 of its North American factories will shut for only one week this summer.... Read More

Sony mulls hedge fund's entertainment sale idea

May 22, 2013 TOKYO (AP) — Sony's CEO Kazuo Hirai says the electronics giant's board will discuss a proposal by U.S. hedge fund manager Daniel Loeb to spin off up to 20 percent of its movie, TV and music division. Hirai was asked about the proposal at a corporate strategy presentation Wednesday. He did not give a timetable... Read More

Immigration bill heads to full Senate

May 22, 2013 WASHINGTON (AP) — A far-reaching bill to remake the nation's immigration system is headed to the full Senate, where tough battles are brewing on gay marriage, border security and other contentious issues, with the outcome impossible to predict. The Senate Judiciary Committee approved the measure 13-5 Tuesday... Read More

NRC discussing safety assessment of SC nuke plant May 22, 2013 HARTSVILLE, S.C. (AP) — Federal nuclear regulators are visiting Hartsville to discuss safety at a power plant. Officials from the U.S. Nuclear Regulatory Commission are set to hold a public meeting on Wednesday to talk about their annual assessment of safety at the H.B. Robinson Nuclear Plant. Overall, NRC... Read More

Details of the Senate immigration bill May 22, 2013 A look at the 867-page immigration overhaul bill approved Tuesday by the Senate Judiciary Committee: ___ BORDER SECURITY —The bill sets goals of surveillance of 100 percent of the border with Mexico, and catching or turning back 90 percent of would-be crossers. —Within six months of enactment of the bill,... Read More

Offshore winds focus of Va. meeting May 22, 2013 RICHMOND, Va. (AP) — An authority promoting the development of wind power off Virginia's coast is scheduled to meet in Richmond. The Virginia Offshore Wind Development Authority is meeting Thursday. The agenda includes a discussion of an agreement to protect the rare North Atlantic right whale, which migrates... Read More

Oklahoma tornadoes: Acts of kindness are seen as businesses, others donate May 22, 2013 Foundations, corporations step up to aid recovery after tornado rips through south Oklahoma City and Moore. Read More

Oklahoma tornadoes: Central Oklahoma builder has rebuilt before in Moore

May 22, 2013 Moore builder Marvin Haworth developed the neighborhoods around Briarwood Elementary School, which was destroyed by Monday's tornado. Read More

Oklahoma tornadoes: Moore storm leaves shattered storefronts, job losses May 22, 2013 The Camden Village shopping area was devastated by Monday's tornado in Moore. Read More

Oklahoma tornadoes: For Moore businesses, rebuilding will be more than structural

May 22, 2013 While many Moore businesses will be working to repair the brick-and-mortar part of the store, bringing customers back after the storm takes work, too. Read More

Oklahoma business brief for May 22, 2013 May 22, 2013 Chesapeake Energy Corp. Chairman Archie Dunham has sold 450,000 shares of company stock. Read More

Laredo selling Anadarko Basin acreage in $438M deal May 22, 2013 Laredo Petroleum Holdings Inc. will focus on its acreage in west Texas after striking a deal to sell its holdings in the Anadarko Basin of western Oklahoma and the Texas Panhandle. Read More

Oklahoma tornadoes: Price gouging law is in effect in Oklahoma May 22, 2013 Gov. Mary Fallin's emergency declaration put the Oklahoma Emergency Price Stabilization Act in effect for 16 counties. Read More

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