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Oklahoma Business Briefs

MichelinContract workers get jobs back at Michelin plant (5/14/09)


ARDMORE, Okla. (AP) - About 60 furloughed employees at the Michelin tire plant in Ardmore will be returning to work at the start of next month. Holland Group Division Manager Pat Wise says the outsourcing company's contract workers with Michelin will go back to work on June 1. Michelin had furloughed 240 of its own employees, along with 110 Holland Group workers, because of falling demand for passenger car
and light truck tires. Eight-week furloughs for the Michelin employees ended in January, but the tire company never guaranteed that the Holland Group workers would be able to return to work even after the scheduled end of their furloughs in April. Wise says she hopes to place another 20 employees at the tire plant before the end of the year.

 

JobsShawnee companies cutting jobs (4/28/09)

SHAWNEE, Okla. (AP) - Officials say two companies here have cut 102 jobs because of fewer business orders and lower demand. Plant manager Ward Rehkopf says officials announced Wednesday that 78 jobs, including some front office positions, would be cut at Eaton. Employees who were affected were notified on Thursday. Rehkopf cited a sluggish economy, low demand for the plant's products and the continued struggles of large customers heavily reliant on the building and housing markets as reasons for the layoffs at Eaton. George Fischer Central Plastics also announced layoffs last week that affected 24 full-time employees. Company president Rocky Wade says his company is strongly connected to the housing and oil field industries and right now they're both down. He says the company began notifying affected employees on
Wednesday and Thursday.

 

 

LarryDevon CEO's pay valued at $16.7 million in 2008 (4/24/09)

OKLAHOMA CITY (AP) - A calculation by The Associated Press found Oklahoma City-based Devon Energy Chief Executive Larry Nichols' pay package rose 5.5 percent last year to $16.7 million. The AP used figured in a Securities and Exchange Commission filing for the calculation. Nichols' salary rose 17 percent to $1.4 million and his bonus increased 15 percent to $3 million. He also received $339,558 in "other" compensation that includes $214,000 in company contributions to his deferred compensation savings plan. He also received more than $96,000 for use of the corporate jet, more than $14,000 in life insurance premiums and nearly $14,000 in contributions to his retirement plan. Like other energy companies Devon took a beating in 2008 as commodity prices and demand for energy products fell. For the full year Devon reported a loss of $2.15 billion. The company says its compensation program aims to reward and retain effective leaders while adapting to unexpected industry developments and volatility in the commodities market.

 

MECHearing on Magna asset sale postponed (4/20/09)


WILMINGTON, Del. (AP) - A bankruptcy court hearing on the sale of horse track owner Magna Entertainment Corp.'s assets has been postponed for the second time. The hearing in U.S. Bankruptcy Court in Delaware, which had been scheduled for Monday after it was delayed earlier this month, is now set for May 7.
Ontario-based MEC is the largest horse track owner in the United States. Its holdings include include Remington Park in Oklahoma City and Baltimore's Pimlico racetrack - host of the Preakness Stakes which is the middle jewel of the Triple Crown.

 

5004 Oklahoma energy giants make Fortune 500 (4/20/09)


NEW YORK (AP) - Four energy giants from Oklahoma earned spots on the annual Fortune 500 list of the country's 500 largest publicly traded companies. At 159th on the list, Tulsa-based Oneok Inc. had the most revenue of any Oklahoma company with over $16.1 billion. Oklahoma City-based Devon Energy Corp. was four spots behind at No. 163, Tulsa's Williams Cos. got the 218th spot and Oklahoma City natural gas producer Chesapeake Energy Corp. came in at 230th. Exxon Mobil unseated Wal-Mart Stores for the top spot.

 

SunocoDallas company to buy Tulsa refinery (4/16/09)


TULSA, Okla. (AP) - The Sunoco refinery in Tulsa is being sold to a Dallas company for $65 million dollars. Sunoco and Holly Corp. announced the sale on their Web sites Thursday. The agreement calls for Holly to invest in several upgrades that company officials say are needed to ensure the long-term viability and environmental compliance of the refinery. The refinery in west Tulsa has about 400 employees. Holly Corp. is an independent petroleum refiner and marketer that produces high value light products such as gasoline, diesel fuel and jet fuel. The sale is expected to close by June 1.

 

AubreyMcClendon's $75M bonus questioned by stockholders (4/8/09)


OKLAHOMA CITY (AP) - A group that holds stock in Chesapeake Energy Corp. wants the company's board of directors to justify a $75 million bonus awarded on New Year's Eve to Chief Executive Officer Aubrey McClendon. Attorneys representing the Louisiana Municipal Police Employee Retirement system, a shareholder with 85,000 shares of stock in the Oklahoma City-based company, have filed a books-and-record demand, seeking to determine the reasoning behind the decision to award the bonus. An attorney for the group says the bonus amounts to a bailout of McClendon after a rough year for Chesapeake's stock. An attorney for Chesapeake says in a letter in response to a media query that the company's board believes McClendon deserved the bonus. According to the Oklahoma State Courts Network Web site, the case has been assigned to Oklahoma County District Judge Bryan Dixon but no hearing has been scheduled.

 

HalliburtonHalliburton confirms layoffs in Duncan (4/3/09)


DUNCAN, Okla. (AP) - Houston-based Halliburton confirms it has laid off workers in Duncan but the company isn't saying how many or if there will be more job cuts. Spokeswoman Diana Gabriel for the oilfield services company confirmed the layoffs in an e-mail to The Oklahoman. Gabriel did not respond to questions about how many jobs were cut or if more layoffs are expected. Duncan Chamber of Commerce president Debra Burch says Halliburton's last update to the chamber was last June and showed the company had about 2,600 employees in Duncan. Burch says the company hasn't told her how many jobs were eliminated.

 

More Oklahoma Business Briefs
 

Living Well

 

OUNew radiation treatment offered (10/28/08)

OKLAHOMA CITY (AP) - The OU Medical Center is offering a new type of radiation therapy following lumpectomy that reduces treatment time. OU specialists participated in a national study of electronic breast brachytherapy, a procedure in which a tiny rod emits radiation inside a cavity in the breast where a tumor was removed. Dr. Carl Bogardus, a radiation oncologist with the medical center, says treatment time can be reduced from an average of six weeks with externally beamed radiation to five days with brachytherapy if a patient has two treatments a day. OU was among 10 sites to test the treatment in a clinical trial, and now offers the procedure.

More Living Well

Going Green

OMRFNew tower planned at research foundation (3/27/09)

OKLAHOMA CITY (AP) - The Oklahoma Medical Research Foundation is planning to build an eight-story building that will include 24 wind turbines designed like the double-helixes of DNA. The nonprofit biomedical research institute was formally releasing plans Friday for the 185,000-square-foot tower, which also is to include solar panels and maximum use of natural light in order to save electricity usage by up to one-third. Construction is to start in May, with completion planned for January 2011. The tower will be directly north of the foundation's main building in the University of Oklahoma Health Sciences Center complex.

 

WINDOklahomans bid for jobs in France (3/16/09)

OKLAHOMA CITY (AP) - Oklahoma officials are in Marseilles, France, trying to interest windpower companies to bring "green collar" jobs to the state. They are attending the 2009 European Wind Energy Conference, which began Monday and runs through Thursday. Oklahoma Secretary of Commerce and Tourism Natalie Shirley says officials are positioning the state to become a hub of wind activity, focusing production of wind generating equipment and research. The Oklahoma delegation includes commerce officials and representatives of the Ardmore Development Authority, the Greater Oklahoma City Chamber of Commerce, the Tulsa Metro Chamber of Commerce and OG&E Electric Services.

 

WindDell to use windpower for OKC facility (2/24/09)


OKLAHOMA CITY (AP) - Dell Inc. has announced plans to power its 240,000 square-foot Oklahoma City campus with 100 percent wind energy. Dell Oklahoma City's senior manager of the environment Chris Scully says the move should reduce the facility's carbon dioxide emissions by 5,100 tons per year. The company announced the deal with OG&E Monday as part of a plan to reduce its worldwide facilities' greenhouse gas emissions by 40 percent by 2015. OG&E officials say Dell is among the first large businesses in the area to be powered entirely with renewable energy.

 

WindNew twist for Pickens in energy independence fight (1/14/09)

WASHINGTON (AP) - Texas oilman and Oklahoma native T. Boone Pickens is adding a new wrinkle to his push for U.S. energy independence. Pickens is now sending monthly updates to remind Americans how much they're paying for foreign oil. Pickens is spending $60 million on a high-profile campaign to increase the use of wind power and natural gas. He says the updates will be a yardstick for measuring the incoming Obama administration's progress on its goal of eliminating Middle East oil imports within a decade. Pickens says government figures show Americans sent $19.3 billion dollars to foreign governments for oil in December. Pickens wants to build wind turbines in the Midwest to generate electricity to replace the 22 percent of U.S. power produced from natural gas. The natural gas then could be used for transportation.

 

HorsesGroup seeks Pickens' wife's help to save rangeland (12/1/08)

ALBUQUERQUE, N.M. (AP) - Conservationists are looking to the wife of Texas oil tycoon and Oklahoma native T. Boone Pickens to help thousands of wild horses and save rangeland in the West. Madeleine Pickens recently announced plans to create a refuge for wild horses. She came up with the idea after hearing that the U.S. Bureau of Land Management was considering euthanizing some of the animals to control the herds and protect the range. WildEarth Guardians wants to take Pickens' plan further by proposing a solution the group believes would resolve public land grazing conflicts that have resulted in the horses needing a home. WildEarth Guardians is advocating congressional legislation that would allow ranchers who have grazing permits on federal public land to relinquish the permits in exchange for compensation.

 

BoonePickens says lawmakers must create energy plan (11/21/08)

FORT WORTH, Texas (AP) - Dallas oilman T. Boone Pickens says lawmakers must be held accountable if they don't keep their promises of easing U.S. dependence on foreign oil. The Oklahoma native today spoke to several hundred people at a Fort Worth Chamber of Commerce event celebrating the 25th anniversary of the Fort Worth Transportation Authority. The authority runs one of the nation's largest fleets of natural gas vehicles. The businessman has been traveling the country explaining his"Pickens Plan," which aims to cut foreign oil dependence by 30 percent over the next decade. Pickens supports putting up wind turbines to replace power produced from natural gas. Pickens has said plans for his giant wind farm in the Panhandle will be delayed about one year, until 2011, because of the economy. He says the money just isn't available for financing.

 

OSUOSU a finalist for energy conservation award (11/17/08)

STILLWATER, Okla. (AP) - Oklahoma State University's energy conservation program could win OSU a national award. OSU has been named as one of five finalists for the Southern Association of College and University Business Officers' Best Practices award. OSU is a finalist in the "People-Oriented Energy
Conservation" category. OSU officials say that since the implementation of the program, the university is on target to reach an expected net savings of $22 million over seven years. OSU is now outpacing projected net energy savings by 45 percent and had gross savings of $2.8 million from January through September. OSU officials will showcase the energy conservation program during the group's annual meeting in April.

BioOSU researchers receive grants for biofuel study (11/17/08)


STILLWATER, Okla. (AP) - A group of researchers at Oklahoma State University has received a $20 million grant to work on converting grasses into biofuels. The Oklahoma Experimental Program to Stimulate Competitive Research has received a combined $20 million from the National Science Foundation and the Oklahoma State Regents for Higher Education. Researchers will use the money to conduct basic research on switchgrass, a perennial native to Oklahoma that can be converted into biofuel. Researchers also will be working with other plant and feedstock varieties, like Bermuda grass. They will use the money to hire new faculty, buy supplies and materials, and conduct an outreach education program.


DevonDevon receives EPA award for reducing emissions (11/17/08)

OKLAHOMA CITY (AP) - The U.S. Environmental Protection Agency has honored Devon Energy Corp. for the company's efforts to reduce methane emissions from its U.S. production facilities. The EPA's Natural Gas STAR program recognized the Oklahoma City-based company with its Continuing Excellence award. The EPA says Devon has consistently reported reductions in methane emissions since joining the program in 2003. Company officials say that Devon used technology and other innovations to prevent more than 6.4 billion cubic feet of methane from being released into the atmosphere in 2007. That's enough natural gas to serve more than 93,000 homes for a year. The Natural Gas STAR program is a voluntary government-industry partnership that encourages energy companies to adopt technologies that improve efficiency and reduce methane emissions. Devon has received three previous awards from the program.

More Going Green

 

Stretching Your $$$

GPSGPS helps manage fuel costs (7/14/08)

VINITA, Okla. (AP) - Global positioning technology is helping one Oklahoma law enforcement agency save money on fuel and better protect officers' lives. The Craig County Sheriff's Office is the first law enforcement agency to test a vehicle Global Positioning System provided by Tulsa-based company Progressive Technology and Innovations.

Three weeks ago, the GPS unit was installed in one of the department's vehicles. Sheriff Jimmie Sooter said the device allows administrators to track the route and speed the car is traveling, and how long the vehicle has been idle or turned off. Sooter says the device can overload him with information. He and other staff members are still analyzing all the features to figure out how it can benefit the department.

 

EnergyTulsa-based utility seeks rate hike (7/11/08)

TULSA, Okla. (AP) - Public Service Company of Oklahoma is asking state regulators to approve another rate increase for its customers. The Tulsa-based utility today asked for an increase in its base rates of more than $132 million annually.

If approved by the Oklahoma Corporation Commission, the nearly 9 percent rate hike would add $11 to $12 to the average residential customer's electric monthly bill starting early next year. It would come on top of the $17.50 per month fuel cost adjustment the utility recently instituted. The commission has 180 days to consider the proposal. Company leaders say they are seeking the increase to offset recent capital investments. PSO serves about 525,000 customers in eastern and southwestern Oklahoma.

 

TiresA Quick and Easy Way to Improve Fuel Economy (7/2/08)

OKLAHOMA CITY - AAA Oklahoma says to save gas and money, it's simple: check your tires. Properly inflated tires greatly improve your vehicle’s fuel economy. AAA Oklahoma estimates that an Oklahoma motorist who drives an average of 12,000 miles annually on tires that are under-inflated by 5-8 PSI (pounds per square inch of air pressure) is wasting up to 50 gallons of gasoline, or $192.50 (at $3.85 a gallon). That's close to the cost of a week's worth of groceries ($226) for a family of four, according to the U.S. Dept. of Agriculture. If there are two cars in the family, that total can reach $380. "By taking five minutes each month to check your tires, you can save a lot of money and gasoline over time," said Chuck Mai, spokesman for AAA Oklahoma. "Plus, you’ll reduce vehicle emissions and increase our state’s drive toward greener living." For a free, downloadable copy of AAA’s “Gas Watcher’s Guide,” containing more tips to help you conserve fuel, visit www.AAA.com and click on AAA News & Safety, Fuel News & Tools. Or write to AAA Tips, 722 N. Broadway, Suite 401, Oklahoma City, OK 73102.

 

BulbCorporation Commission approves energy use plan (7/2/08)

OKLAHOMA CITY – The Oklahoma Corporation Commission today approved a “Quick Start” plan designed by OG&E to provide education, assistance and incentives for customers seeking to do a better job of managing the amount of electricity they use. “OG&E has established these ‘Quick Start’ Demand Side Management (DSM) programs as an initial set of user-friendly tools to serve customer needs while more permanent programs are in development,” said Gary Marchbanks, manager of DSM programs for OG&E. The Quick Start programs approved today by the Commission have produced positive results when introduced in other states. The programs will create broader awareness of the need for energy efficiency while setting the stage for future programs and initiatives.When permanent DSM rules are approved by the Commission in 2009, OG&E will file a comprehensive plan that will expand upon the Quick Start program.

 
More Stretching Your Dollars

 

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Oklahoma Votes
For a recap of the 2008 elections and to view the Primary and General Election night broadcasts, go to the Oklahoma Votes 2008 web site. Join the conversation and get the latest Oklahoma political news and information all year-round on the Political Pulse blog!
VoterVoices
To see what other Oklahomans said about the 2008 election and the issues that are most important to them, check out our Voter Voices section.

 

 

Headlines

Oklahoma City bombing conspirator Terry Nichols asked for representation in a lawsuit against a federal prison, which he claims is causing him to "sin against God" because he doesn't get enough whole grains and fresh food.

Haskell County commissioners want the 10th U.S. Circuit Court of Appeals to reconsider a ruling that a Ten Commandments monument on the county's courthouse lawn violates the U.S. Constitution.

Ravaged by decades of lead and zinc mining and a deadly tornado that killed six people last year, the northeastern Oklahoma town of Picher is likely to close September 1.

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Oklahoma World War Two Stories - Special ONR Web Section

FlagLandingAmbulance

OETA's second High-Definition documentary, Oklahoma World War II Stories, was the highest-rated prime-time program in the PBS system on the night it aired. Stories appearing in the documentary original aired as part of a 14-part series on the Oklahoma News Report. To view the stories, produced by Dick Pryor and Boots Kennedye, click below.

For more on Oklahoma World War II Stories, World War II and Ken Burns' epic documentary, The War, visit our dynamic, interactive website, developed in partnership with The Oklahoman and NewsOK. You can also see additional photos and information about Oklahoma World War II Stories, and post a comment, by going to the Oklahoma World War II Stories Blog. Check back daily for updates. And, for details about Ken Burns' program, "The War," go to www.pbs.org.