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Surviving in the used-car sector |
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With revenue up 15 percent, Bob Mulkey expects his Regal Car Sales and Credit chain to double its profits this year. America's troubled economy gives the used-car seller every hope of repeating that success next year as well. To capitalize
on that, he hopes to expand his three-state chain into four or five possible communities. But because of the nation's tightening credit crunch, even Mulkey – the 2008 Buy-Here, Pay-Here Dealer of the Year, and last year's National
Independent Automobile Association National Quality Dealer of the Year – faces the unpleasant task of realigning his lender credit facility. |
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Former Tronox VP sues for retirement money |
A former executive of Tronox Inc. is suing the financially troubled chemical company for more than $1 million. Gregory Thomas, who retired earlier this year as vice president of supply chain and strategic sourcing for the company, claims
in the lawsuit that Tronox has refused to pay him $1,063,627 that he is due from the company's retirement plan.
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High court strikes down portion of tort reform law |
The Oklahoma Supreme Court has struck down another portion of a tort reform law passed in 2003. The state's highest court found the statute of limitations imposed only on medical negligence lawsuits is an unconstitutional special law.
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OU project aims to help roads last longer |
Sesh Commuri wants to see better roads and fewer potholes. Through his research at the University of Oklahoma and a partnership with Volvo, Commuri, an electrical and computer engineering professor, is tweaking a prototype of a device to
test road compaction to detect weaknesses in a surface as it is laid.
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Broken Arrow manufacturer pays $3M for home base |
Air-Cooled Exchangers Inc. paid $3 million for its Broken Arrow headquarters and manufacturing site. The Air-Cooled Web site said the 18-acre facility offers more than 142,000 square feet of space, accumulated over several expansions, as
well as a 7,000-square-foot office building. Company officials identified the manufacturing site as being more than 110,000 square feet.
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Jim Lehrer awarded the first Gaylord Prize for journalism |
Jim Lehrer is no stranger to Oklahoma. He has a series of fiction novels set in Oklahoma City, was a commencement speaker at the University of Oklahoma in 1996 and his mother was born here. Lehrer, of the NewsHour with Jim Lehrer on PBS,
returned to Oklahoma on Monday to receive the first Gaylord Prize from OU's Gaylord College of Journalism and Mass Communication.
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