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Penney reports 4Q loss dragged down by charges

Fri, 24 Feb 2012 07:45:13 -0600

NEW YORK (AP) — J.C. Penney Co. says it lost $87 million in the fourth-quarter, citing restructuring and management transition charges as well as the financial impact related to its new pricing strategy.

The department store chain said Friday that its loss amounted to 41 cents per share for the three-month period ended Jan.

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Doctors: Dutch prince suffered grave brain damage

Fri, 24 Feb 2012 07:30:46 -0600

AMSTERDAM (AP) — A Dutch prince struck by an avalanche while skiing off-trail in Austria last week suffered massive brain damage and may never regain consciousness, his doctors said Friday.

Johan Friso, 43, is the second of Dutch Queen Beatrix's three sons.

Dr.

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Alpha Natural Resources posts $733M loss

Fri, 24 Feb 2012 07:15:05 -0600

ABINGDON, Va. (AP) — Alpha Natural Resources is posting a fourth-quarter loss after booking $745 million in charges due to weak demand for coal and also new environmental regulations.

Losses amounted to $733 million, or $3.34 per share for the final quarter of the year, compared with a profit of $10.8 million, or 9 cents per share, last year.

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AP IMPACT: Lender's own probe links it to suicides

Fri, 24 Feb 2012 06:30:46 -0600

MUMBAI, India (AP) — First they were stripped of their utensils, furniture, mobile phones, televisions, ration cards and heirloom gold jewelry.

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Sunny and in the 50s Friday in central Oklahoma

Fri, 24 Feb 2012 05:47:12 -0600

FROM STAFF REPORTS

Friday, Saturday and Sunday will be windy in central Oklahoma with temperatures warm for winter.

Three tied for lead at HSBC Women's Champions

Fri, 24 Feb 2012 04:31:01 -0600

SINGAPORE (AP) — Katie Futcher and Jenny Shin shot 5-under 67s in the HSBC Women's Champions on Friday to join first-round leader Angela Stanford at the top of the leaderboard.

Futcher and Shin both had six birdies and one bogey to reach 8-under 136 and tie Stanford, who had a 70, on a day temperatures reached the low 90s.

"My putting has been great the last two days so I'm happy to be where I'm at," said Shin, who bogeyed the 13th.

The second-year LPGA player placed seventh at the season-opening Australian Open and is coming off a tie for ninth in Thailand in Sunday.

"I feel a little bit more confident with my golf game," the South Korean said.

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Edwards sex tape to shredder; federal trial looms

Fri, 24 Feb 2012 03:16:36 -0600

RALEIGH, N.C. (AP) — The sex tape of John Edwards and his mistress is headed to the shredder, but a long list of criminal charges still hangs over the former presidential candidate over the extramarital affair that ended his political career.

Rielle Hunter sued former Edwards aide Andrew Young and his wife in 2010 over the tape of "a personal and private nature" and other intimate items the couple said she left in a box of trash.

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High raw material costs hold back profit at BASF

Fri, 24 Feb 2012 03:15:04 -0600

FRANKFURT, Germany (AP) — Rising raw materials prices and weaker demand in a slowing economy held back fourth-quarter profits at German-based chemical, plastics and oil company BASF SE.

But the company showed a strong result for the full year, raised its dividend and predicted things would pick up again in the second half.

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Oilers cool off Flyers with 2-0 win

Fri, 24 Feb 2012 01:17:00 -0600

EDMONTON, Alberta (AP) — Once again, the Edmonton Oilers found a way to give their opponent fits.

Devan Dubnyk made 35 saves to record his first shutout of the season and the Oilers won their second game in a row, topping the Philadelphia Flyers 2-0 on Thursday.

Dubnyk, who earned his third career shutout, said this game and the recent 6-1 win over Calgary showed what the team is capable of doing.

"There's nothing really magic about what we're doing," he said.

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Thunder top Lakers 100-85, tie Miami as NBA's best

Fri, 24 Feb 2012 01:01:17 -0600

OKLAHOMA CITY (AP) — It's not so easy any more for the Los Angeles Lakers to push around the Oklahoma City Thunder.

Kevin Durant scored 33 points, Russell Westbrook added 19 and the Thunder beat the Lakers 100-85 Thursday night to head into the All-Star break tied for the league's best record.

The Thunder won their 12th straight home game and denied Los Angeles the chance to head into the midseason break with back-to-back statement wins on the road.

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Colorado women fall 68-46 at No. 2 Stanford

Fri, 24 Feb 2012 00:46:16 -0600

STANFORD, Calif. (AP) — Colorado coach Linda Lappe watched the way her team fought, diving for loose balls and contesting every shot — even fouling hard on any attempts near the rim — and beamed with pride.

She only wishes they could maintain the momentum.

Chucky Jeffery had 13 points and 13 rebounds and Ashley Wilson scored nine points to keep Colorado close until No.

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Ladd has 2 goals, assist in Jets' win over TB

Fri, 24 Feb 2012 00:30:57 -0600

WINNIPEG, Manitoba (AP) — The resurgent Winnipeg Jets aren't going to let up now.

Jets captain Andrew Ladd scored two goals and added an assist as Winnipeg jumped up in the Eastern Conference standings from ninth place to third with a 4-3 win over the Tampa Bay Lightning on Thursday night.

Tanner Glass and Dustin Byfuglien also scored as the Jets (30-26-7) vaulted into first place in the Southeast Division with 67 points.

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Coyotes beat Flames 4-3 in shootout

Fri, 24 Feb 2012 00:16:24 -0600

CALGARY, Alberta (AP) — The Phoenix Coyotes are making come-from-behind victories a habit.

Just two days after erasing a three-goal deficit to beat the Kings 5-4 in a shootout at home, Ray Whitney scored the only goal of the shootout as the Coyotes fought back from two goals down to defeat the Calgary Flames 4-3 Thursday night.

"We're all smiles and happy right now because we keep finding ways to win," said Phoenix captain Shane Doan, who scored once in regulation.

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NHL Capsules

Fri, 24 Feb 2012 00:01:16 -0600

DETROIT (AP) — Daniel Sedin scored his second goal of the game with 15.4 seconds left in regulation and Alex Burrows had the only score in the shootout, lifting the Vancouver Canucks to a 4-3 victory that snapped the Detroit Red Wings' NHL-record, 23-game, home-winning streak.

Detroit hadn't lost at Joe Louis Arena since Nov.

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NBA Capsules

Fri, 24 Feb 2012 00:01:10 -0600

MIAMI (AP) — Jeremy Lin was no match for the Miami Heat.

Forcing Lin into easily the worst game of his remarkable run as New York's starting point guard by running streams of defenders at him, Miami topped the Knicks 102-88 on Thursday night — the eighth straight win for the NBA-leading Heat.

Chris Bosh scored 25 points, Dwyane Wade added 22 and LeBron James finished with 20 points, nine rebounds and eight assists for Miami, which will go into the All-Star break with the NBA's best record (27-7).

Lin's final line: 1 for 11 from the field, eight points, three assists — a far cry from the 23.9 points and 9.2 assists he had been averaging over his first 11 games in the Knicks' rotation, when he breathed immeasurable life into a team that was floundering.

On Thursday, he simply wasn't the same player, turning the ball over eight times.

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2nd-half spurt lifts Cal women over Utah 60-46

Fri, 24 Feb 2012 00:01:03 -0600

BERKELEY, Calif. (AP) — Layshia Clarendon scored 15 points, including 10 during a 17-0 run to start the second half, as California defeated Utah 60-46 Thursday night.

Talia Caldwell added 13 points and 11 rebounds for the Golden Bears (21-7, 12-4 Pac-12), who have won six of their last seven games.

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Oklahoma City man gets life sentence in death of girlfriend's daughter

Thu, 23 Feb 2012 22:10:17 -0600

BY TIM WILLERT twillert@opubco.com

Omar Jamon Hill, 32, plans to appeal his murder conviction; Malia Ransom died of internal injuries consistent with a “hard punch, kick or stomp,” prosecutors alleged at trial.

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Oklahoma governor in Washington for meetings

Thu, 23 Feb 2012 22:05:12 -0600

BY MICHAEL MCNUTT Capitol Bureau mmcnutt@opubco.com

Governor Mary Fallin is attending National Governors Association and Republican Governors Association meetings.

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The Coffee Bean & Tea Leaf, a California-based coffee chain, is coming to Will Rogers World Airport

Thu, 23 Feb 2012 22:04:11 -0600

The Coffee Bean & Tea Leaf, based in Southern California, plans to open a store inside Oklahoma City's Will Rogers World Airport concourse this summer, in a deal with airport concessionaire Delaware North Cos.

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Oklahoma City elementary school receives Devon science grant

Thu, 23 Feb 2012 22:00:11 -0600

FROM STAFF REPORTS

Devon Energy Corp. presented a $25,000 science education grant to Oklahoma City's Edgemere Elementary School.

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Legislative panel defeats earthquake insurance proposal

Thu, 23 Feb 2012 21:55:05 -0600

BY MICHAEL MCNUTT mmcnutt@opubco.com

House committee votes not to pass a measure that would require insurance agents to notify new and existing policyholders whether their insurance covers damage caused by earthquakes.

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SandRidge Energy reports fourth-quarter results

Thu, 23 Feb 2012 21:54:12 -0600

BY JAY F. MARKS jmarks@opubco.com

SandRidge Energy Inc. reported a net loss of $389 million for the fourth quarter, on the way to earning $52 million last year.

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Sears store in Oklahoma City's Quail Springs Mall is among 11 that will sell and close in 2013

Thu, 23 Feb 2012 21:43:07 -0600

BY RICHARD MIZE richardmize@opubco.com

Sears' decision to sell the Oklahoma City store, perhaps others, had more to do with the value of the real estate than store performance, retail property specialists said.

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Oklahoma State Supreme Court to take up water issue

Thu, 23 Feb 2012 21:36:02 -0600

BY MICHAEL MCNUTT mmcnutt@opubco.com

Oklahoma's high court has agreed to decide whether the state or two Oklahoma-based tribes have the rights to water in southeastern Oklahoma.

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Oklahoma House panel rejects eliminating transferable tax credits

Thu, 23 Feb 2012 21:32:10 -0600

BY MICHAEL MCNUTT mmcnutt@opubco.com

A House budget subcommittee votes not to pass a measure that would have prohibited transferable tax credits, which was recommended by a legislative task force that studied the issue for five months last year.

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Businessman seeking legislative help says Mike Morgan asked for $1,000 a month, telling him, “This is the way it works.”

Thu, 23 Feb 2012 21:29:08 -0600

BY NOLAN CLAY nclay@opubco.com

Former Senate president pro tem Mike Morgan is on trial in federal court in Oklahoma City. Morgan, a Democrat, is accused of accepting more than $400,000 in bribes from three companies.

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Oklahoma horse riding high as Academy Awards near

Thu, 23 Feb 2012 21:20:13 -0600

BY SANDI DAVIS For The Oklahoman

Horse known as Hollywood Extra appeared in Steven Spielberg's “War Horse”

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Decongestant, anti-meth bill won't be heard in Oklahoma House

Thu, 23 Feb 2012 21:12:12 -0600

BY MICHAEL MCNUTT mmcnutt@opubco.com

Oklahoma House Speaker Kris Steele says the House won't take up a measure that was passed by a committee last year and is still awaiting action on the House floor.

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Will Rogers World Airport in Oklahoma City will receive whole-body screening machines

Thu, 23 Feb 2012 21:07:05 -0600

BY JENNIFER PALMER jpalmer@opubco.com

The Transportation Security Administration will begin installing advanced imaging technology machines for whole-body screening next week at security checkpoints at Will Rogers World Airport in Oklahoma City.

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IRS owes $15 million in refunds to Oklahomans who failed to file 2008 return

Thu, 23 Feb 2012 21:03:14 -0600

BY DON MECOY dmecoy@opubco.com

Nearly 17,000 Oklahomans who failed to file 2008 federal tax returns are owed almost $15 million in refunds that they will lose unless they file a return by April 17, the Internal Revenue Service said Thursday.

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