Category Archives: Business

EPA’s Scott Pruitt on America’s energy future

EPA Administrator Scott Pruitt

Environmental Protection Agency Administrator Scott Pruitt said America would soon be “energy dominant and energy independent,” a year after President Trump pulled out of the Paris climate accord.

In an interview with the Washington Free Beacon Pruitt called leaving the agreement “historic” and addressed controversy over his leadership at the agency, saying the president fully supports him.    Continue reading

Venezuela’s inflation breaks stock market

Venezuela’s currency devaluation is so out of control the stock market is about to bust. Regulators say they have to lop three zeros off the price of equities on the exchange after determining its computers could no longer handle the swelling values for local shares as the bolivar has tumbled more than 99 percent versus the dollar in the past few years. The change takes effect May 2 according to Bloomberg.com. Continue reading

Helmerich & Payne, Inc. second quarter results

TULSA – Helmerich & Payne, Inc. today reported a net loss of $12 million or $(0.12) per diluted share from operating revenues of $577 million for the second quarter of fiscal 2018. The net loss per diluted share includes $(0.07) of after-tax losses comprised of select items(3). Net cash provided by operating activities was $125 million for the second quarter of fiscal 2018.  Continue reading

Facebook betrayed users over ideology

Mark Zuckerberg gazes in awe at Barack Obama.

Facebook representatives told Barack Obama’s 2012 campaign that they had been allowed to use the platform in ways that would have otherwise been prohibited, because Facebook was “on our side,” according to explosive claims from Obama’s former director for media analytics, Carol Davidsen.

In a tweet storm, Davidsen wrote that Facebook was “surprised” the Obama campaign was able to “suck out the entire social graph” (an individual’s network of friends on Facebook), but did nothing to stop them once they found outContinue reading

Sofidel announces $360 million Inola facility

Governor Mary Fallin poses Friday with local officials and executives from Sofidel Group overlooking the future site of the Italian manufacturer’s new integrated plant.

Governor Fallin Friday participated in a groundbreaking ceremony for Sofidel Group, an Italian manufacturer of tissue paper investing $360 million in Inola. The new plant will support 300 permanent jobs and 500 construction jobs in Rogers County.

“Sofidel will build here an integrated plant to serve the south-central and central-western areas of this great country, where we have been operating since 2012,” said Luigi Lazzareschi, chief executive officer (CEO) of Sofidel Group. “I am glad to announce this new greenfield investment – the second one, after the first made in Ohio. This new investment will support our growth in the U.S. significantly.”  Continue reading