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The Journal Record Daily Update
Today
Tulsa road proposal critical to contractors
Voting for Tulsa's "Fix Our Streets" improvement program could secure up to 1,000 contractor jobs in northeast Oklahoma, according to APAC-Oklahoma President Jerry A. Kreymer. Voting against it, he said, could cut that many jobs out of the economy.
McClendon forced to sell Chesapeake shares
Aubrey K. McClendon, Chesapeake Energy co-founder and CEO, involuntarily sold "substantially all" his shares of the company's common stock over three days to meet margin loan calls. "These involuntary and unexpected sales were precipitated by the extraordinary circumstances of the worldwide financial crisis," McClendon said is a statement released by the company. "In no way do these sales reflect my view of the company's financial position or my view of Chesapeake's future performance potential." Chesapeake's stock prices have plunged along with other energy stocks as crude and natural gas prices dropped to their lowest levels in more than a year. The energy sector has fallen alongside a broader sell-off on Wall Street.
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Minority biz owners find difficulty getting state contracts
Marilyn Murrell has a problem. But she can't fix it until she can prove that problem actually exists. Larry Bradley, who like Murrell is African American, knows first-hand the frustration of having no way to quantify or even demonstrate a problem he feels certain not only exists, but is actively, negatively affecting his business and his community's local economy. "There have been times when I've walked out of a demonstration knowing we nailed it," said Bradley, who both owns his own consulting business and serves as marketing director for a minority-owned architect and engineering firm. "But then a month later we get that letter in the mail that says ‘thank you but we've chosen someone else."'
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Ultrasound requirement law challenged
A new law requiring that women undergo an ultrasound before getting an abortion has been challenged in a lawsuit filed in Oklahoma County District Court by the Center for Reproductive Rights on behalf of Nova Health Systems, which does business as Reproductive Services in Tulsa. Legislators overrode Gov. Brad Henry's veto of the measure in April. Henry objected to it, he said, because it has no exemption for victims of sexual abuse.
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Williams announces hurricane effects
Williams expects consolidated segment profits for the third quarter to be reduced by $50 million to $70 million from effects of hurricanes Gustav and Ike. Most of the reduction in profits will come from the Tulsa-based company's midstream business segment. Williams reported consolidated segment profit of $923 million for the second quarter of 2008.
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Religion-based claim spike prompts EEOC
A more diverse workplace and a 68.5 percent spike in religious-discrimination claims led the Equal Employment Opportunity Commission to issue new guidelines to clarify the issue for both employers and workers. In 1997, EEOC statistics show, 1,709 complaints were received, compared with 2,880 in 2007.
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