NEW YORK-- Shares of Sonic Corp. advanced Wednesday after the company said its net income rose 18 percent in its fiscal fourth quarter, helped by tighter cost controls at its drive-in restaurants. THE SPARK: The Oklahoma City company's earnings beat Wall Street expectations.
NEW YORK-- Sonic Corp. said Tuesday that its net income rose 18 percent in its fiscal fourth quarter despite a slight drop in revenue, partly because of lower sales at company drive-in restaurants. The Oklahoma City company's results beat Wall Street expectations and its shares rose nearly 3 percent in after-hours trading.
SEATTLE-- The King County Council and the Seattle City Council gave their final approval Monday to an agreement to build a $490 million basketball and hockey arena in the city, despite the threat of a lawsuit from longshore workers. Mayor Mike McGinn called the votes important steps toward bringing professional men's basketball back to Seattle.
OKLAHOMA CITY-- Oklahoma Attorney General Scott Pruitt has presented the first homeowner check in connection with the state's $18.6 million settlement with the nation's largest lenders.
Light synthetic crude for November delivery last sold for $3.90 a barrel over benchmark West Texas Intermediate, compared with $4.25 a barrel over WTI on Thursday, according to Shorcan Energy Brokers. November Western Canada Select heavy blend was quoted at $14.75 a barrel under WTI, a 10 cent deeper discount on the day.
OKLAHOMA CITY-- Oklahoma-based Devon Energy Corp. says it will close its office in Houston and transfer operations to Oklahoma City. The oil and gas company has about 500 employees in its Houston office, which now serves as the operations center for Devon's oil and natural gas fields in south and east Texas and Louisiana.
--U.S. oil and gas exploration and production company Gulfport Energy Corp.. plans to issue $250 million of senior unsecured notes. Rating Action On Oct. 11, 2012, Standard& Poor's Ratings Services assigned its' B-' corporate credit rating to Oklahoma City- based Gulfport Energy Corp..
CALGARY, Alberta, Oct 11- Canadian cash crude prices weakened on Thursday with some refineries and processing units in Canada and the United States going off line for maintenance.
When the stay-at-home mom and her family visited New York from their home in Germantown, Md., they joined the crowd of fans outside the NBC morning show's Rockefeller Center studio.
NEW YORK, Oct 11- U.S. crude oil stocks rose last week while distillate inventories fell more sharply than forecast, government data showed on Thursday. Domestic stocks of crude rose by 1.67 million barrels in the week to Oct. 5, the Energy Information Administration reported, as imports rose.
Oct 11- Devon Energy Corp:. *Will close its office in Houston. *Reorganization charges are expected to approximate $125 million, with $100.
By David Sheppard NEW YORK, Oct 11------- API------------ EIA----- Stocks Change Change Stocks Change Change 10/05/12 from from 10/05/12 from from pvs wk yr-ago pvs wk yr-ago Crude 364.6 1.6 24.1 366.4 1.7 28.7 Distillate 120.8 -6.2 -31.1 120.9 -3.2 -33.1 Gasoline 200.3 2.5 -10.9 195.4 -0.5 -14.2 Heating oil 27.5 -0.5 -11.7 25.8 -1.6 -13.5 RFG gasoline 0.1 0.0 -0.9 0.1 0.0 -0.1 Kerosene 42.6 -1.2 -4.3 44.1 -0.3 -2.7 Crude runs 14.7 -0.2 0.4 14.7 -0.1 0.2.
NEW YORK, Oct 10- A lawsuit claiming oil price manipulation by Arcadia Petroleum, Parnon Energy and two oil traders in early 2008 had no factual support, a lawyer for the defendants told a judge on Wednesday, but their accusers cited a potentially damaging email.
*Semgroup Corporation and Gavilon to increase ownership of Glass Mountain. The pipeline will increase in diameter where the laterals intersect near Cleo Springs in Major County, Oklahoma and continue east to Cushing, Oklahoma.
Oct 9- Continental Resources Inc, the top oil producer in the Bakken oil region, said on Tuesday it expects to cut $1 million off the cost of its average well there by the end of 2013, as it takes on one of the biggest challenges in the booming oil basin.
OKLAHOMA CITY-- After a disappointing revenue report in August, Oklahoma finance officials are reporting collections to the state's general revenue fund returned to positive territory in September.
Love's Travel Stops opened the facility Monday on Interstate 40 at the Morgan Road exit in Oklahoma City. The Oklahoma City- based company says the CNG filling station demonstrates its commitment to offering natural gas as an alternative fuel for the trucking industry. That was through a Chesapeake Energy, another Oklahoma City- based company.
**ALCOA INC, Monday close $9.12, up 0.5 pct post-market. **YUM BRANDS, Monday close $66.94,. **CHEVRON CORP, Monday close $117.62.
TULSA, Okla.-- Laredo Petroleum Holdings Inc. said Monday that stockholders are selling 12.5 million shares in the company _ about 10 percent of the total outstanding shares _ through a secondary public offering.
OKLAHOMA CITY-- Continental Resources Inc. said Monday that it plans to triple production and proved reserves of oil and natural gas liquids in the next five years on its leased properties in the U.S.