McAlester may face $13M quandary 1 hr ago | Add a comment McALESTER — The McAlester City Council has scheduled a special meeting today to discuss a $13 million financial crisis created by 15 years of allegedly misappropriating excess sales tax...

Oklahoma may avoid economy woes 18 min ago | Add a comment A panel of research economists confirmed Monday what many local economists had been saying for weeks: The U.S. economy is in a recession. However, Oklahoma’s economy remains in better shape...

In Brief: J&J to buy Mentor Corp. 13 min ago | Add a comment J&J to buy Mentor Corp. In a move to become a major player in cosmetic and reconstructive surgery, health care products company Johnson & Johnson said Monday it will buy cosmetic-product...

TECH BYTES: ‘Stim-novation’ needed for 2009 1 hr ago | Add a comment NATION ‘Stim-novation’ needed for 2009 WASHINGTON — When Congress drafts an economic stimulus plan for 2009, it should focus its spending on technological innovation, economists...

Stocks fall sharply on consumer spending worries 8 hr ago | Comments 2 NEW YORK (AP) - A litany of bad economic news has snuffed out Wall Street's five-day rally, sending stocks falling sharply as investors realized anew how troubled the U.S. economy really is....

Gatorade plant in Pryor shedding more workers 10 hr ago | Comments 1 PRYOR (AP) - Another 87 employees are being laid off from the Gatorade plant in Pryor. The layoffs come amid declining demand for the sports drink during a national economic slowdown. The...

Henry hopes Obama stimulus to help state projects 11 hr ago | Comments 6 Gov. Brad Henry is hoping any stimulus package put together by President-elect Barack Obama will include money for highway and bridge projects in Oklahoma. Henry will be among more than 40 of the...

It's official: U.S. in recession since December 2007 11 hr ago | Comments 12 WASHINGTON (AP) - A panel of the National Bureau of Economic Research says the U.S. economy fell into a recession last year. The NBER says its group of academic economists who determine...

December may bring big move by OPEC Sat, Nov 29, 2008 | Comments 5 CAIRO, Egypt — The Organization of Petroleum Exporting Countries held off on announcing new oil output cuts Saturday. But its alarm over falling demand and a slumping economy potentially laid...

Consumers always lead economy’s fate Sat, Nov 29, 2008 | Add a comment NEW YORK — No pressure, but the economy’s health rests on your shoulders. The economists who know you as "The Consumer” are worried. You seem to be doing — finally...

West Virginia’s coffers full from coal revenue Fri, Nov 28, 2008 | Add a comment WHEELING, W.Va. — West Virginia is one of only nine states not facing the prospect of budget deficits, and a leader in the coal industry says that’s no accident. West Virginia Coal...

Layoffs leading to riots in China Wed, Nov 26, 2008 | Add a comment DONGGUAN, China — It started as a pay dispute at a southern Chinese toy factory. But it quickly turned into a riot as laid-off workers tapped into a network of friends and unemployed laborers...

Edmond economic group chooses officers Wed, Nov 26, 2008 | Add a comment EDMOND — Mary Ann Karns has been elected the new chairwoman of the Edmond Economic Development Authority. Karns succeeds former Chairwoman Patrice Douglas, who resigned. Janet Yowell,...

Obama reassures nervous nation on ailing economy Wed, Nov 26, 2008 | Add a comment CHICAGO- President-elect Barack Obama sought to reassure the nation and nervous holiday shoppers about the ailing economy Wednesday as beleaguered stores braced for their most important month of...

4 new reports reveal battered U.S. economy Wed, Nov 26, 2008 | Comments 3 WASHINGTON -- The government released a quartet of reports Wednesday that paint a bleak picture of the nation's economy: Jobless claims remain at recessionary levels, Americans cut back on their...

Obama names Volcker to head new econ advisers Wed, Nov 26, 2008 | Comments 1 CHICAGO -- President-elect Barack Obama is naming a board of economic experts from outside the government to advise him, in his latest bid to reassure nervous consumers and financial markets that...

Massive new programs aimed at loosening credit Tue, Nov 25, 2008 | Add a comment WASHINGTON — Rolling out powerful new weapons against the financial meltdown, the Bush administration and the Federal Reserve pledged $800 billion Tuesday to blast through blockades on credit...

Report means more bad news for U.S. economy Tue, Nov 25, 2008 | Add a comment WASHINGTON — Bad news was no news to the battered American economy on Tuesday. The government released a triple dose of discouraging data: The economy shrank over the summer even more than...

Economy shrinking, home prices dropping Tue, Nov 25, 2008 | Comments 2 WASHINGTON -- The economy took a tumble in the summer that was worse than first thought as American consumers throttled back their spending by the most in 28 years, further proof the country is...

Government announces new loan programs Tue, Nov 25, 2008 | Comments 1 WASHINGTON -- The Federal Reserve says it will buy up to $600 billion in mortgage-backed assets in another attempt to deal with the financial crisis. The Fed says it will purchase up to $100...