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  • Texas energy company to close Oklahoma City office

    OKLAHOMA CITY (AP) — A Houston-based energy company plans to close its office in Oklahoma City and eliminate up to 97 full-time jobs. The Oklahoman reported (http://bit.ly/ZYci09 ) Friday that HighMount Exploration and Production LLC announced the plans in a letter to the Oklahoma Commerce...

  • Hawaii gas stations, stores sold to Texas company

    HONOLULU (AP) — Hawaii's largest independent gasoline operator is being sold to a Texas company for $240 million. Houston-based Susser Petroleum MLP said Thursday it will buy Aloha Petroleum Ltd. Aloha has nearly 100 gas stations and is one of the largest convenience store operators in Hawaii...

  • Why rate hikes are good news for stocks

    NEW YORK (AP) — It's no surprise that the prospect of a Federal Reserve rate hike worries stock investors. The Fed's unprecedented economic stimulus has in large part driven a surge in stock prices since 2009. The central bank has bought trillions of dollars of bonds and kept short-term...

  • GDP rebounds, rising 4.6 percent

    The economy grew at a 4.6 percent clip in the second quarter, the Commerce Department reported Friday, rebounding from a decline of 2.1 percent in the first quarter.

  • Williams-Sonoma adding 900 jobs in Miss.

    OLIVE BRANCH, Miss. (AP) — Williams-Sonoma Inc. is adding 900 jobs in an expansion of its distribution center in northwest Mississippi. The announcement came Friday during a ceremony at the plant in Olive Branch, Mississippi, attended by Gov. Phil Bryant and officials with Williams-Sonoma. The...

  • Asia stocks down after Wall Street stumbles

    HONG KONG (AP) — Asian stocks sank Friday after Wall Street had its worst day since July, with benchmarks weighed down by uninspiring U.S. economic data and Apple's iPhone software glitch. KEEPING SCORE: Japan's benchmark Nikkei 225 fell 1 percent to 16,212.07 and South Korea's Kospi lost 0.3...

  • Prices at the pump head below $3 in much of US

    NEW YORK (AP) — The price of a gallon of gasoline may soon start with a "2'' across much the country. Gasoline prices typically decline in autumn, and this year they are being pulled even lower by falling global oil prices. By the end of the year, up to 30 states could have an average gasoline...

  • Postal Service ordered to hire 9,000 more people

    The U.S. Postal Service must hire 9,000 employees over the next three months to staff regional part-time post offices as part of a settlement it negotiated with the American Postal Workers Union.

  • Newport rejects agreement with casino developers

    PROVIDENCE, R.I. (AP) — The Newport City Council has rejected an agreement with developers of a proposed full-fledged casino at Newport Grand that would have provided an additional $1 million payment to the city. State legislation putting the casino question on the Nov. 4 ballot would allow...

  • Worst drop for stocks since July as Apple sinks

    NEW YORK (AP) — A swoon in technology stocks left the market with its worst drop since July. Apple sank nearly 4 percent after the company pulled a software update for the iPhone after users complained that they weren't able to make calls. The Dow Jones industrial average slumped 264 points,...

  • Jobless rates drop in all 120 Kentucky counties

    LOUISVILLE, Ky. (AP) — All 120 Kentucky counties experienced drops in unemployment rates between August 2013 and 2014 — the first across-the-board decline on record and another indication that the state's economy is recovering from the Great Recession, a state economist said Thursday. "The...

  • Capitalism and climate change

    For some of the people in New York this week demanding action on global warming, the menace is not just carbon dioxide. The real Tyrannosaurus Rex is the American economic system.

  • Ryanair shares rise as airline raises outlook

    DUBLIN (AP) — Ryanair says it plans to carry an extra 1 million passengers this year and has raised its profits outlook on the back of wide-ranging service improvements that have boosted sales and filled more aircraft. The Dublin-based carrier told its annual general meeting Thursday that it...

  • H&M eyes further expansion in US, China

    STOCKHOLM (AP) — Fashion retailer Hennes & Mauritz AB said Thursday it plans to expand its business over the coming year by increasing online sales and opening new stores, particularly in its largest markets, the U.S. and China. CEO Karl-Johan Persson says the Swedish company is in a "very...

  • Illegal activities boost Spain's GDP by $11 bln

    MADRID (AP) — Spain's National Statistics Institute says money generated by drug trafficking, prostitution, smuggling and illegal gambling contributed some 9 billion euros ($11.4 billion) to the national economy last year. The institute said Thursday that the country's gross domestic product is...



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    When it comes to military actions, President Obama likes to declare the end of wars, regardless of whether America’s opponents agree that is the case. When it comes to economic wars, he has no...

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  • Second Time’s a Charm?

    Voters in Connecticut’s gubernatorial election this November will face a familiar choice as Republican Tom Foley squares off against Democrat Dan Malloy. Four years ago, in a nail biter for what...

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