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Power Play: Oklahoma-based gas can maker seeks federal regulation Published: Fri, May 25, 2012 Blitz USA, based in Miami, OK, manufactures 75 percent of all gasoline containers sold in the United States. The company has said its operations are in jeopardy without federal safety regulations that would protect it from lawsuits. Read More
Dippin' Dots deal is done Updated: Fri, May 18, 2012 Oklahoma City investors close deal to buy flash-frozen ice cream business out of bankruptcy. Read More
Business highlights Published: Tue, May 15, 2012 National and international business highlights, May 15 Read More
Court approves Dippin' Dots sale to Oklahoma City investors Published: Thu, May 3, 2012 Oklahoma City investors get approval to buy Dippin' Dots out of bankruptcy for $12.7 million. New president says frozen ice cream company is poised to grow. Read More
It's denim with a kick
Jeans brands strut their stuff at New York Fashion Week
 Updated: Tue, Feb 21, 2012 NEW YORK — It looks like New York Fashion Week came down last week with a serious case of the blues. Blue jeans that is. While the twice-yearly showcase of designer clothing has never exactly been devoid of denim, the presentation of fashion collections for fall-winter 2012 is serving up a noticeably robust... Read More
Twinkies maker Hostess seeks bankruptcy protection Updated: Fri, Jan 20, 2012 The maker of Twinkies, Sno Balls and Wonder Bread is trying to lose the fat. Hostess Brands is hoping to cut its high costs as it heads back into bankruptcy protection for the second time in less than a decade. Hostess has enough cash to keep stores stocked with its Ding Dongs, Ho Hos and other snacks for now as... Read More
AP Sources: Chrysler has deal to repay government loans Published: Thu, May 19, 2011 Chrysler has lined up investors to help it refinance $7.5 billion in loans from the U.S. and Canadian governments, three people briefed on the matter said Wednesday. Under the deal, the company would take out $2.5 billion in bank loans and sell $3.5 billion worth of bonds to investors. Italy's Fiat, which has... Read More
Will bankruptcy doom Disney diversion? Published: Tue, Dec 14, 2010 DEAR BRUCE: My family and I are going to Disney World. I booked a hotel and paid in full with a credit card. (We can cancel up to 72 hours before check-in.) I got a notice in the mail that the parent company is filing for Chapter 11 bankruptcy. Should we book another hotel or should we risk it? -- S.T., via e-mail... Read More
Feds keep key interest rate unchanged Updated: Tue, Sep 16, 2008 WASHINGTON (AP) -- The Federal Reserve says strains in financial markets have "increased significantly" but it kept a key interest rate unchanged. The central bank said Tuesday it was keeping its target for the federal funds rate, the interest that banks charge on overnight loans, unchanged at 2... Read More
Delta, Northwest Agree to Combine Updated: Tue, Apr 15, 2008 ATLANTA (AP) -- Delta Air Lines Inc. and Northwest Airlines Corp., squeezed by record high fuel prices and a slowing economy, are combining in a stock-swap deal that would create the world's biggest carrier. The boards of both companies gave the deal the go-ahead Monday. The announcement could spur... Read More
Delta Exits Bankruptcy Published: Mon, Apr 30, 2007 ATLANTA (AP) -- Delta Air Lines Inc. waved farewell to bankruptcy protection Monday and put down a welcome mat for a redesigned logo after surviving a hostile takeover bid during a 19 1/2-month reorganization that saw it shed billions in costs. The board of directors of the Atlanta-based company will... Read More
Legacy that refused to end Published: Fri, Feb 23, 2007 Even at age 84, hotelier W.B. Skirvin was thinking about the future W.B. Skirvin was ready to celebrate. At age 84, he was an hotelier, again. For six years, he had been battling his children over control of his landmark Skirvin Hotel, and the 10th U.S. Circuit Court of Appeals had reversed an... Read More
Legacy that refused to end Published: Sun, Jan 28, 2007 W.B. Skirvin was ready to celebrate. At age 84, he was an hotelier, again. For six years, he had been battling his children over control of his landmark Skirvin Hotel, and the 10th U.S. Circuit Court of Appeals had reversed an earlier ruling against him that had placed the hotel in receivership of a Dallas hotel... Read More
Bank of Oklahoma sues over Great Plains loan Published: Wed, Aug 9, 2006 TULSA, Okla. - The Bank of Oklahoma has sued a national auditing firm in an effort to recoup more than $9 million in losses resulting from a loan it made for a failed airline. According to the lawsuit filed Monday in Tulsa County District Court, PricewaterhouseCoopers LLC presented financial statements that... Read More
Deep Rock case ends in settlement Updated: Tue, Jul 11, 2006 Deal with SEC over alleged fraud awaits approval The U.S. Securities and Exchange Commission has agreed to settle a case of alleged fraud against Deep Rock Oil Co. of Norman and its executive David W. Taylor, the government said Monday. The agreement drew criticism from investors who say Taylor stole millions... Read More
Airline fares keep inching higher at some major carriers Persistently high fuel costs raise ticket prices; industry stocks soar. Updated: Fri, Jun 16, 2006 ATLANTA - Last-minute business travelers and some first-class fliers will pay more this summer for domestic tickets on some of the major airlines. Some fares at the major airlines have been creeping up in recent months largely because of persistently high fuel prices. Delta Air Lines Inc., the nation's... Read More
Delphi, UAW reach buyout agreement Updated: Sat, Jun 10, 2006 DETROIT - Delphi Corp. on Friday announced a deal with the United Auto Workers and General Motors Corp. to offer buyouts to all hourly employees and said the agreement represented significant progress in broader negotiations aimed at avoiding a strike. The buyouts greatly expand early retirement incentives... Read More
Bankruptcy filers race to beat deadline Updated: Thu, Oct 13, 2005 It's a race against time for anyone wanting to file for bankruptcy. A new law taking effect Monday will make it harder to seek bankruptcy protection. As Charles Bassett tells us bankruptcy court is swamped with people trying to beat the deadline. Read More
Great Plains takes nosedive to liquidation Updated: Tue, Mar 15, 2005 TULSA -The dream of resurrecting Great Plains Airlines appears to be over now that U.S. Bankruptcy Judge Dana L. Rasure has approved the failed carrier's motion to liquidate. More than a year after filing for Chapter 11 bankruptcy protection and reorganization, Great Plains in late January said it had no choice but... Read More
Fleming’s fall: Vigorous turnaround plan blamed Updated: Sun, Aug 1, 2004 Copyright 2004, The Oklahoman As a pared-down Fleming Cos. Inc. prepares to exit bankruptcy this month, many of the company's 15,000-plus former employees still are wondering what could have gone so wrong to cause the venerable distributor's fall from grace. Regulators scrutinize Fleming's accounting Read More
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