Business Intelligence Report

Fridays at 6:44 a.m., 8:44 a.m., 12:35 p.m., and 5:44 p.m.

A weekly feature produced in partnership with the Journal Record, Oklahoma's weekday newspaper and website specializing in business, legislative and legal news. Managing Editor Adam Brooks and Journal Record reporters discuss business and economic development in the state.

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Oklahoma City Mayor Mick Cornett.
Brent Fuchs / The Journal Record

Oklahoma City Mayor Mick Cornett has been a prominent figure during this week’s Republican National Convention.

He delivered speech Monday on behalf of the U.S. Conference of Mayors, having just taken over as the group’s president in June. Oklahoma City’s elections are technically non-partisan, but Cornett does identify as a Republican (he made it to a runoff with Gov. Mary Fallin in the 2006 Congressional primary when they vied for U.S. Rep. Ernest Istook’s old seat). During Cornett’s address in Cleveland earlier this week, he talked a lot about the success of Republican mayors across the country.

Steve Hahn, president of AT&T Oklahoma, speaks at the Reservation Economic Summit in Tulsa Tuesday.
Rip Stell / The Journal Record

This week tribal and business leaders met just outside of Tulsa for the Reservation Economic Summit.

Dr. Scott Dellinger talks with a patient at Willowood at Mustang senior living center in Mustang.
Brent Fuchs / The Journal Record

Last week the insurance industry group Genworth released an annual report that showed returns for home health care in Oklahoma fell in 2015 compared to previous years. But the costs for all healthcare segments in Oklahoma are going up, and the price of home healthcare rose 2.5 percent over last year.

That’s related to a nationwide trend of rising home care costs as Medicare providers try to keep chronically ill patients out of hospitals, The Journal Record’s Sarah Terry-Cobo reports:

A Williams Cos. employee monitors the company’s compressor station in Sumas, Wash.
Courtesy photo

On Wednesday Dallas-based Energy Transfer Equity announced it’s going to stop pursuing its merger with Tulsa-based Williams Cos. 

Updated 8:25 a.m.

Nearly half of the board of directors of Tulsa-based Williams Companies resigned Thursday during an afternoon closed-door meeting where a coalition attempted to oust CEO Alan Armstrong.

Two women pass by the shuttered Pita Pit on Campus Corner in Norman.
Brent Fuchs / The Journal Record

If you graduated from the University of Oklahoma, and haven’t been back for a couple of years, you might not recognize Campus Corner. Over the past decade it’s been a revolving door of burrito restaurants (Moe’s Southwest Grill, Freebird’s, Chipotle, Chimy’s…) and many longtime staples (Cookies ‘n’ Cards, Pita Pit) no longer occupy the space along Asp Avenue north of Boyd Street.

This fall, former University of Oklahoma head football coach Barry Switzer will become a regular presence just north of campus as his “Coach’s Cabana” color commentary program moves to the parking lot of Hideaway Pizza along Buchanan Ave. As The Journal Record’s Molly Fleming reports, it’s part of a growing trend of activity in the restaurant and entertainment district:

Curtis Davis loads a cardboard baler at St. Anthony hospital in Oklahoma City.
Brent Fuchs / The Journal Record

False Medical Claims Investigations in Oklahoma

About seven years ago, the U.S. Attorney General’s office began working with district court prosecutors to crack down on false medical claims. They are investigated all the time, and settlements have become more common in Oklahoma. Many of the investigations are settled before a complaint is filed.

Adam Brooks, the managing editor of The Journal Record newspaper, said most false claims involve overcharging Medicaid.

Tate Publishing & Enterprises at 127 Trade Center Terr. in Mustang.
Brent Fuchs / The Journal Record

Tate Publishing, a Christian book and music publisher based in Mustang, Oklahoma, is facing a lawsuit from Xerox. The printing company alleges Tate owes over $1.7 million.

 

Xerox and Tate have been working together since about 2003, and Xerox helped Tate increase their printing operation.

 

Bottles of wine are displayed on shelves at Market Beverage Co., 204 S. Littler Ave. in Edmond.
Brent Fuchs / The Journal Record

It’s been a week since the end of one of the most contentious legislative sessions in recent memory, and attention is now starting to turn to elections this summer and fall in Oklahoma.

Workers install a stone façade outside one of four Senior Wellness Centers being built as part of Oklahoma City’s MAPS 3 program.
Samuel Perry / The Journal Record

Several Oklahoma City civic leaders gathered Tuesday evening for a town hall meeting to discuss the city’s 10-year general obligation bond issue, which voters won’t decide until next year.

SandRidge Energy sign
Brian Hardzinski / KGOU

Monday morning Oklahoma City-based SandRidge Energy formally filed for bankruptcy.

The move wasn’t unexpected among energy observers, but one of the interesting things about this particular filing is that SandRidge has almost twice as many assets as it does debt.

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