Top Stories

  • Home furnishings retailer West Elm plots Oklahoma City store

    By Brianna Bailey, Business Writer | Published: Wed, Apr 16, 2014

    West Elm would be the first new national retailer to arrive at the shopping center since Ohio-based Glimcher Realty Trust bought the property last month from Chesapeake Energy Corp., along with the Classen Curve and Nichols Hills Plaza shopping centers and several acres of adjacent undeveloped land, for $51.8 million.

  • Construction on NW 23 project again unveils historic facade covered for decades in Oklahoma City

    By Steve Lackmeyer, Business Writer | Published: Wed, Apr 16, 2014

    Former furniture store has granite, streamline-modern facade that stretches across three-fourths of the building at NW 23 and Walker.

  • Freight train industry to miss safety deadline

    By JOAN LOWY, Associated Press | Published: Wed, Apr 16, 2014

    Only one-fifth of its track will have mandatory safety technology to prevent catastrophic collisions and derailments installed by the deadline set by Congress, the freight railroad industry said Wednesday.

  • Sooner seeks business opportunities in Uganda

    By James A. Pearson, For The Oklahoman | Published: Wed, Apr 16, 2014

    Oklahoma City native Tyler Schooley launches business ventures in Uganda after extensive travel showed him the true impact poverty has on many nations.

  • States want Google to crack down on online drug sales

    By Matea Gold, The Washington Post | Published: Wed, Apr 16, 2014

    Several state attorneys general are pressing Google to make it harder for users to find counterfeit prescription medicine and illegal drugs online, marking the second time in three years the firm has drawn government scrutiny for its policies on rogue Internet pharmacies.

  • Police charge Canadian in Internet privacy breach

    Updated: 3 hr ago

    OTTAWA, Ontario (AP) — Police have charged a 19-year-old Canadian man in connection with the loss of taxpayer data from Canada's tax agency website. The Royal Canadian Mounted Police said Wednesday that Stephen Arthuro Solis-Reyes was arrested at his residence Tuesday and is charged with unauthorized use of a computer and mischief in relation to data. A search of the residence resulted in the seizure of computer equipment. Solis-Reyes is a computer science student at Western University, a spokesman for the university said. The Canada Revenue Agency was forced to shut down its publicly accessible website Friday as the world learned about the Heartbleed computer bug, a previously undiscovered global Internet secur

  • ConocoPhillips donates $1 million to OSU's Spears School of Business

    By Adam Wilmoth, Energy Editor | Published: Wed, Apr 16, 2014

    The donation will help pay for the new home of OSU’s Spears School of Business.

  • Freight train industry to miss safety deadline

    Updated: 3 hr ago

    WASHINGTON (AP) — Only one-fifth of its track will be equipped with mandatory safety technology to prevent the most catastrophic kinds of collisions and derailments by the deadline set by Congress, the freight railroad industry said Wednesday. The Association of American Railroads said in a report that about 20 percent of the approximately 60,000 miles of track being equipped with the technology will meet the deadline of Dec. 31, 2015. Previously, the association had estimated 40 percent would meet the deadline. The association blamed the Federal Communications Commission, saying the FCC is holding up the placement of about 20,000 antennas on track wayside that are necessary to complete installation of the technology, known

  • SC could buy some alternative-fuel school buses

    Updated: 3 hr ago

    COLUMBIA, S.C. (AP) — A state budget proposal approved Wednesday would provide new buses that run on alternative fuel to South Carolina school districts willing to foot some of the bill, as part of efforts to get decades-old, polluting school buses off the road. The Senate Finance Committee approved the pilot program for up to three districts. The alternative-fuel buses are expected to cost roughly $10,000 more than the $82,000 average for regular-route buses. In South Carolina, the education agency buys, owns and maintains the statewide school bus fleet. The fleet of 5,500 buses is among the nation's oldest with 1,215 buses that are between 21 and 26 years old, according to officials. Sen.

  • Man to plead guilty in Disney insider info case

    Updated: 3 hr ago

    LOS ANGELES (AP) — A man will plead guilty to securities fraud and pay regulators around $801,000 for using insider information to profit from Disney's $4 billion acquisition of Marvel Entertainment in 2009. According to the deal filed in Los Angeles federal court Wednesday, Toby Scammell learned from his then-girlfriend, a Disney corporate strategy employee, that Disney would acquire a well-known company she didn't name. Scammell learned from his consulting company that Disney had previously wanted to acquire Marvel. He bought call options in Marvel stock for around $5,500, and later sold them for $192,000 in profit.

  • Fired Yahoo exec gets $58M for 15 months of work

    Updated: 4 hr ago

    SAN FRANCISCO (AP) — Yahoo's recently fired chief operating officer, Henrique de Castro, left the Internet company with a severance package of $58 million even though he lasted just 15 months on the job. The disclosure in a regulatory filing Wednesday may lead to more second-guessing about Yahoo CEO Marissa Mayer's decision to hire de Castro as her second-in-command in October 2012. Mayer dumped de Castro in January after concluding he wasn't executing on her plan for reviving Yahoo's lackluster ad growth. De Castro had been in charge of ad sales. "Ultimately, Henrique was not a fit and that's a very regrettable conclusion," Mayer told analysts in late January.

  • NLRB focuses on nonunionized workplaces

    Published: Wed, Apr 16, 2014

    McAfee & Taft’s Michael Lauderdale discusses the National Labor Relations Board’s interest in social media, dress codes and anti-gossiping policies.

  • Business Highlights

    Updated: 4 hr ago

    ___ Why high oil prices are actually good for airlines NEW YORK (AP) — Airline executives frequently complain about fuel costs, but higher prices actually have been good for business. Fuel now accounts for more than a third of airlines' expenses, overtaking salaries, wages and benefits as the single biggest line item. High oil prices have forced the major airlines to do business differently. They grounded older, gas-guzzling jets. They charged extra for checking baggage and raised other fees. More passengers were packed into planes and mergers helped push airfares higher. The average cost of a roundtrip domestic ticket grew to $378.62 from $351.48 in the last five years, when adjusted for inflation.

  • IBM posts lower 1Q earnings amid hardware slump

    Updated: 4 hr ago

    NEW YORK (AP) — IBM's first-quarter earnings fell and revenue came in below Wall Street's expectations amid an ongoing decline in its hardware business, one that was exacerbated by weaker demand in China and emerging markets. The world's largest technology services company has been working to expand into new areas as its hardware business falters, but the latest results show that these efforts have yet to fully pay off. The company in the process of selling its low-end server business to China's Lenovo Group as it continues to shift its focus toward more lucrative software and services. It is also investing heavily in Internet-based computing services and in Watson, its cognitive computing operation made famous in beating a

  • NC governor proposes new coal ash plan after spill

    Updated: 4 hr ago

    RALEIGH, N.C. (AP) — North Carolina's governor says he will propose new legislation aimed at strengthening government oversight of coal ash dumps following the massive spill at a Duke Energy plant that coated 70 miles of the Dan River in toxic sludge. Gov. Pat McCrory said Wednesday that his plan would result in the "conversion or closure" of the dumps and close legal loopholes that allowed the nation's largest electricity company to avoid cleaning up groundwater contamination leaching from unlined ash pits at 14 coal-fired power plants across the state. But environmental groups quickly criticized the governor's plan, which would not require Duke to move its leaky coal ash dumps away from rivers and lakes.

  • Lawmakers outline concerns for gas negotiations

    Updated: 5 hr ago

    JUNEAU, Alaska (AP) — House Resources Committee members have signed onto a letter, outlining issues they want Gov. Sean Parnell's administration to keep in mind in negotiating gas project contracts. This assumes passage of SB138, which would set state participation in a liquefied natural gas project. House Finance is now considering that bill. The issues detailed in the non-binding letter were raised as Resources debated the bill but not considered ripe for inclusion as amendments. The Resources members, among other things, expressed a desire to ensure oil tax changes or terms are not negotiated or included in project-enabling contracts. They also want to ensure the state can bring in additional partners, if that's in

  • Consumer groups win appeal to reveal Company Doe

    Updated: 5 hr ago

    WASHINGTON (AP) — We soon could know the identity of the manufacturer — only known now as "Company Doe" — in a product safety case that has been linked to a child's death. The 4th U.S. Circuit Court of Appeals in Richmond, Va., sided with consumer groups Wednesday in their fight to reveal the identity of the manufacturer. The court reversed part of a lower court ruling and sent the case back to the district court in Maryland with instructions to "unseal the case in its entirety." "We hold that the district court's sealing order violates the public's right of access under the First Amendment," Circuit Judge Henry F. Floyd wrote.

  • Sinclair Refinery faces $201,000 fine by OSHA

    Updated: 5 hr ago

    CHEYENNE, Wyo. (AP) — State safety regulators are proposing a $201,000 fine against Sinclair Oil Corp. for violations stemming from a fire last September at the company's refinery in south-central Wyoming. No one was hurt in the fire, but the Wyoming Occupational Safety and Health Administration announced Wednesday that it found seven violations as a result of its investigation into the fire. The agency says in two of the violations it determined the company either purposefully disregarded safety regulations or acted with indifference to employee safety. The refinery has had problems with fires and safety issues in recent years. In 2012, there were three fires at the plant. Last year, OSHA announced more than $700,000

  • La-Z-Boy cutting 100 jobs in North Carolina

    Updated: 5 hr ago

    MONROE, Mich. (AP) — La-Z-Boy Inc. is closing two facilities and eliminating 100 jobs in North Carolina as part of a larger restructuring of its business. The furniture maker said Wednesday that it will idle two North Wilkesboro facilities and put them up for sale. It will move warehouse and repair functions from those sites to another North Carolina plant, in Hudson. La-Z-Boy is ending production of some of its bedroom furniture at the Hudson facility in the quarter that ends in October in 2014, as it shifts to importing all of its wood furniture. The company said that its North Carolina facility was too big given the level of demand in the U.S. It also plans to exit a division that sells furniture to hotels and will

  • Business Q&A: Debate likely not over on Equal Pay Act

    Updated: 5 hr ago

    Crowe & Dunlevy’s Daniel Johnson discusses the potential impact of the Paycheck Fairness Act, which proposes changes to the Equal Pay Act.