The Salt
6:00 pm
Fri January 30, 2015

Shake Shack Sizzles With IPO As McDonald's Fizzles

Founder and chairman of Shake Shack, Danny Meyer, visits the floor of the New York Stock Exchange. As trading began Friday, the hamburger chain's shares jumped from $21 to $50.
Spencer Platt Getty Images

Originally published on Fri January 30, 2015 5:29 pm

Shake Shack, the Manhattan-based burger chain, has a cult following, and investors gobbled up shares Friday when it became a publicly traded company.

In its initial public offering, shares were priced at $21, but they jumped to nearly $50 as trading began, and closed the day just under $46.

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Oklahoma News
4:52 pm
Fri January 30, 2015

Attorney General Pruitt Issues Phone Scam Warning

Oklahoma Attorney General E. Scott Pruitt
Credit Facebook

Oklahoma Attorney General Scott Pruitt has issued a scam warning after concerns were raised that someone may be calling residents claiming to be with Pruitt's office.

Complaints involve a caller falsely telling residents that they'll be arrested if money is not wired to the AG's office for various reasons, such as debt.

Pruitt says consumers should try to verify the caller's identity as well as the company represented; not to provide personal or financial information unless the resident has initiated the call to a verified reputable person, business or government agency.

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Business and Economy
3:40 pm
Fri January 30, 2015

Helmerich & Payne To Lay Off 2,000 Employees

Crews at work on a Helmerich & Payne drilling rig in western Oklahoma.
Credit Joe Wertz / StateImpact Oklahoma

Oil drilling rig maker and operator Helmerich & Payne Inc. has announced plans to lay off 2,000 employees.

The Tulsa World reports that in a conference call with analysts Thursday, CEO John Lindsay said that the layoffs are due to the decrease in crude oil prices which has led to reduced rig use.

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The Two-Way
10:53 am
Fri January 30, 2015

Mitt Romney Won't Run For President In 2016

Mitt Romney, the former Massachusetts governor who has made two previous bids for the presidency, says he will not run in 2016.
Rogelio V. Solis AP

Originally published on Fri January 30, 2015 4:05 pm

Updated at 11:58 a.m.

Former Republican presidential nominee Mitt Romney isn't running for president in 2016, he told supporters in a statement.

"After putting considerable thought into making another run for president, I've decided it is best to give other leaders in the Party the opportunity to become our next nominee," he said in the statement and in a conference call with supporters.

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9:16 am
Fri January 30, 2015

New Education Budget Proposal Trims Millions, Hofmeister Joins Standards Panel

Joy Hofmeister speaks during an Oct. 19, 2014 state superintendent debate in Norman.
Credit Kate Carlton Greer / KGOU

The State Board of Education approved a revised fiscal year 2016 budget Thursday that reflects a reduction of nearly $75 million from the previously approved budget under the leadership of former State Superintendent Janet Barresi.

The new proposed budget includes a $5,000 teacher pay raise over a five year period as well as an addition of five instructional days to the school year. The proposal, branded as #OKHigh5, was brought forward by new State Superintendent Joy Hofmeister.

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Politics and Government
8:01 am
Fri January 30, 2015

House Bill Designed To Raise Awareness Of Earthquake Insurance

Credit Great Beyond / Flickr Creative Commons

State Rep. Cory Williams (D-Stillwater) has filed legislation requiring Oklahoma insurers to offer earthquake coverage to their customers.

Under House Bill 1571, carriers would have to notify their residential customers that a typical homeowners policy does not cover loss from earthquakes, and that a separate earthquake policy could provide less protection than a standard homeowners policy.

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Business Intelligence Report
5:15 am
Fri January 30, 2015

Oklahoma City Council Considers Two New TIFs, No Closer To Native Cultural Center Solution

The proposed Core to Shore tax increment financing district boundary.
The Journal Record

This week the Oklahoma City Council voted 8-1 to authorize Mayor Mick Cornett explore the idea of creating two new tax increment financing, or TIF, districts in downtown Oklahoma City.

These subsidies for redevelopment and community improvement projects embody the idea of “public-private partnerships” between cities and businesses.

Oklahoma City Councilman Ed Shadid cast the lone “no” vote.

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Politics and Government
7:22 pm
Thu January 29, 2015

Health, Human Services Subcommittee Hears Agency Needs For Budget Increase

Terry L. Cline, Oklahoma Commissioner of Health

The Senate Appropriations Subcommittee on Health and Human Services met Thursday for the last of its initial budget hearings.

All state agencies continue to request increases despite a forecast $300 million reduction in state revenue.

The Oklahoma Commission on Children and Youth requested an additional $75,000 to hire one full-time employee to manage their new foster parent grievance and complaint system as part of the Post-adjudication Review Board.

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Politics and Government
7:10 pm
Thu January 29, 2015

Allowing Guns On College Campuses To Be Considered This Legislative Session

Credit Scott Beale /

Several bills have been filed this legislative session targeting the current firearms ban on the state’s college campuses.

At least four bills have been filed, all by Republican lawmakers, taking different approaches on creating measures that would allow those with open and/or concealed carry permits to walk the grounds of the state’s institutions for higher education while armed.

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Science, Technology and Environment
6:43 pm
Thu January 29, 2015

US Senate Rejects Amendment To Remove Lesser Prairie Chicken From 'Threatened' Status

The Lesser Prairie Chicken
Credit USDAgov / Flickr Creative Commons

The U.S. Senate has rejected an amendment by Sen. Jerry Moran of Kansas that would have removed the lesser prairie chicken from the federal government's threatened species act.

The Kansas City Star reports Moran's amendment to a bill intended to expedite construction of the Keystone XL pipeline fell short of the 60 votes needed to be added to the measure.

The U.S. Fish and Wildlife Service last year designated the lesser prairie chicken as threatened, which is one step below endangered under the Endangered Species Act.

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