Latest Business News

Northeast Oklahoma residents raise poultry operation concern

Oct. 22, 2018 5:31 PM EDT

MIAMI, Okla. (AP) — Northeastern Oklahoma residents are voicing concern about poultry operations planned in their communities and northwestern Arkansas. The Oklahoma Department of Agriculture Food and Forestry suspended permits earlier this month for new and expanding broiler chicken farms in the state....

Ex-Tropicana boss Tony Rodio moves to Affinity Gaming

Oct. 22, 2018 5:28 PM EDT

ATLANTIC CITY, N.J. (AP) — Tony Rodio, who helped push the Tropicana casino to the No. 2 spot in Atlantic City's casino market, has been named CEO of Affinity Gaming, a Las Vegas company that owns 11 casinos. Rodio had been president of Tropicana Entertainment, but that company was acquired earlier this...

Oculus co-founder Brendan Iribe joins exodus from Facebook

Oct. 22, 2018 5:21 PM EDT

SAN FRANCISCO (AP) — A co-founder of Facebook's virtual-reality division is joining the exodus of executives to leave the company after striking it rich in lucrative sales of their startups. Oculus co-founder Brendan Iribe disclosed his decision to leave Facebook in a tweet posted Monday. His departure...

How major US stock indexes fared Monday

Oct. 22, 2018 4:57 PM EDT

Stocks gave up an early rally Monday, giving the benchmark S&P 500 index its fourth straight loss. Banks led the broad slide, which also included declines by health care and energy companies. The losses outweighed gains by technology and consumer-focused companies. On Monday: The S&P 500 index fell 11.90...

Banks lead US stock slide, extending market's losing streak

Oct. 22, 2018 4:48 PM EDT

Banks led a broad slide in U.S. stocks Monday as an early rally faded, giving the benchmark S&P 500 index its fourth straight loss. Health care and energy stocks also helped pull the market lower, outweighing gains by technology and consumer-focused stocks. Crude oil prices eked out a small gain after...

Hasbro and Axon slip while Fiat Chrysler and Jacobs climb

Oct. 22, 2018 4:40 PM EDT

NEW YORK (AP) — Stocks that moved substantially or traded heavily Monday: Hasbro Inc., down $3.03 to $95.01 The toymaker had a disappointing third quarter and said it will cut jobs as it deals with the effects of Toys R Us bankruptcy. Bristol-Myers Squib Co., down $3.42 to $50.88 The company said...

Trump wants to push middle-income tax cut through Congress

Oct. 22, 2018 4:09 PM EDT

WASHINGTON (AP) — President Donald Trump says he wants to push a new middle-income tax cut through Congress after the midterm elections. Trump says he's looking to cut middle-income taxes about 10 percent after signing a tax bill last year. He tells reporters as he left the White House for a Texas rally...

Markets Right Now: Banks lead US indexes lower; tech gains

Oct. 22, 2018 4:08 PM EDT

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. Banks led a broad slide in U.S. stocks on Wall Street, giving the S&P 500 index its fourth straight loss. Bank of America and Citigroup each fell 3.3 percent Monday. Energy stocks also fell as the price of crude...

Judge: Michael Avenatti must pay $4.85M in ex-lawyer's suit

Oct. 22, 2018 3:58 PM EDT

LOS ANGELES (AP) — Porn actress Stormy Daniels' lawyer Michael Avenatti must pay $4.85 million to an attorney who worked at his former law firm, a California judge ruled Monday, marking the first time the potential presidential candidate is being held personally liable in the lawsuit over back pay. Los...

Developer to discuss skyscraper project at public hearing

Oct. 22, 2018 3:43 PM EDT

PROVIDENCE, R.I. (AP) — A New York real estate developer plans to meet with Providence officials to discuss plans for a 46-story skyscraper that has received strong opposition from community groups. Jason Fane is scheduled to attend a public hearing Monday evening on Fane's proposed Hope Point Tower. The...