E1 Saturday August 17, 2013 tulsaworld.

com
Dow 30 15,081.47 30.72 | S&P 500 1,655.83

State rig count edges up by one. E2

0.25 | Spot natural gas 3.34 0.02 | Yen per dollar 97.54 0.17 | Gold 1,371.70 10.10

5.49 | Okla. Sweet 104.00

Teamsters pull out of American contest

The union drops its organizing e ort, saying workers need solidarity amid merger turmoil.
BY KYLE ARNOLD
World Business Writer

TULSAWORLD.COM

See complete coverage of American Airlines

Find all the stories, photos and videos about Tulsas largest employer.

tulsaworld.com/americanairlines
American workers, but withdrew Friday. The Teamsters said workers need solidarity after this weeks Department of Justice lawsuit to block the merger of American Airlines and US Airways. The Teamsters union has deter-

The International Brotherhood of Teamsters has dropped its bid to represent maintenance workers at American Airlines. The union had been ghting for more than a year to force a representation vote among some 11,000

mined that the recent announcement that the federal government will ght the proposed merger between US Airways and American Airlines places the workers at American Airlines in signicant turmoil, said Teamsters spokesman Bret Caldwell in a statement. American Airlines emergence from bankruptcy has been cast into doubt and the union has determined that the continued conict between labor organizations is not in the best interest of the workers. This is not a time for workers to
SEE UNION E2

Labor unrest at American Airlines

Nov. 29, 2011: American Airlines les bankruptcy and begins demanding concessions from labor groups. July 2012: The International Brotherhood of Teamsters begins collecting signatures to force a representation vote among AA workers. August 2012: A new AA contract with the Transport Workers Union includes workforce reductions, frozen pensions. May 14: TWU and the International Association of Machinists and Aerospace Workers at US Airways say they will share bargaining in merged airline. May 28: Teamsters le signatures with National Mediation Board to force union election. Aircraft Mechanics Fraternal Association les too late. July 10: TWU accuses Teamsters of forging signatures to force election. Aug. 12: Teamsters lose bid to represent US Airways mechanics. Aug. 16: Teamsters withdraw bid to represent AA maintenance workers.

Robert Evatt
robert.evatt @tulsaworld.com 918-581-8447

TECH REVIEW: LUMIA 1020

Smartphone camera has surprising capabilities

Workers attach straps around a section of the Keystone XL pipeline before the 36-inch pipe is taken and laid in the ground some 12 miles west of Prague earlier this year. Construction on the pipeline from Cushing to the Gulf Coast is winding down.MICHAEL WYKE/Tulsa World le

Keystone contrast
Leg to Gulf Coast nearly done, but northern branch up in air
work from Cushing to reneries and shipping lanes near Houston. Were getting close to a full completion, Jim Prescott, a spokesman for pipeline owner TransCanada Corp., told the Tulsa World on Friday. Its always been our goal to have the pipeline in service by the end of the year. TransCanada also hopes to have nal approval for its cross-border, northern leg in hand before Jan. 1. That section is hotly debated by opponents whose arguments range from concerns about the routHardisty

Canada
Regina

Keystone Pipeline Extension In operation Modied route Southern extension

BY ROD WALTON

World Business Editor

onstruction on the southern leg of the Keystone XL pipeline, which runs through Oklahoma, is winding down. Opposition to the northern leg, however, may be wound up tighter than ever. The controversial pipeline that would bring diluted tar sands oil from western Canada to the Texas Gulf Coast is almost done. All thats left on the $2.3 billion southern-leg project is tie-in and cleanup

ing through Nebraska to the dangers of diluted bitumen leaking into rivers and aquifers across the Plains, and to the pipelines general contribution to greenhouse gases. Those opponents seem to be more optimistic than ever that they will shoot down the Keystone XLs northern leg. The opposition started strong and has only gotten stronger after four years, Jane Kleeb of Bold Nebraska said in a telephone interview. We can beat them.
SEE OIL E2

Northern extension Steele City, Neb.

Wood River, Ill.

M A FAN of Windows Phone. The live tiles Microsoft cooked up are, at least for smartphones, a useful, fun and unique way to navigate through your functions. But sales have been lagging behind iOS and Android. Microsoft and Nokia need to do something to get peoples TULSAWORLD.COM attention on the View a platform. Well, how demonstration does a 41-megaWatch a video pixel camera review of the grab you? Nokia Lumia 1020 Yes, the smartphone. Lumia 1020 tulsaworld.com/ sports a camera tech capable of capturing an utterly ludicrous number of pixels at once. Even most high-end SLR cameras dont reach that gure. Naturally I had to try this out, and I was able to borrow AT&Ts version. For the most part, the Lumia is shaped like all the others, with its signature rounded sides and bright body colors. But theres a big di erence the lens juts out of the body. Its less than a quarter of an inch, but it doesnt blend well
SEE LUMIA E2

Cushing
Southern extension

Patoka, Ill.

Houston
Source: ConocoPhillips/Lincoln Journal Star

Port Arthur, Texas

DAVIDHOUSH/Tulsa World

Tulsa CD rates top U.S. average

Average CD Rates as of July 24
KEY: 2-year CD National Oklahoma Tulsa

Local yields are a bit below the statewide norm, according to the latest data.
BY LAURIE WINSLOW
World Business Writer

1-year CD

6 -mo. CD 0% 0.1% 0.2% 0.3% 0.4% 0.5% 0.6% 0.7%

Source: Go Banking Rates

DAVID HOUSH/Tulsa World

It pays to save in Tulsa but just barely. Tulsas CD rates are yielding higher than the national average but lag the statewide benchmark, according to a report released this week by GoBankingRates.com. The website, which collects inter-

est rates from more than 4,000 banks and credit unions across the nation, compared Tulsas average rates on sixmonth, one-year and two-year certicates of deposits against national and state averages. The rates are based on institutions online published rates as of July 24 and are based on an opening deposit of $10,000. Restrictive accounts, such as senior, club and online-only CDs, were excluded from the report. The study found that the average percentage yield of all three types of CDs in Tulsa outpaced the national average.
SEE CD E2 Patch ran into the same problems that newspapers had already discovered that its expensive to cover local news. For about an 18-month period in 2010 and 2011, Patch was the biggest hirer of journalists, just as they were being laid o from struggling newspapers, said media analyst Ken Doctor of Outsell Inc. AOL does not break out Patchs nances in its earnings reports, but Doctor said it was obviously a nancial drag on earnings. He estimates that AOL has invested more than $100 million in Patch over time. In a statement, AOL said that Patchs strategy will be to focus resources against core sites and partner in sites that need additional resources. AOL also owns the Hu ngton Post and TechCrunch.

Nokia Lumia 1020

$299 Pros: Solid overall performance, incredibly detailed pictures, overall ease of camera use, reasonable price Cons: Awkward lens protrusion, bad panorama capabilities, weak zoom, some photo quirkiness

BIZ QUICKS
JPMorgan Chase to pay $23 million to settle suit
JPMorgan Chase & Co. has agreed to pay $23 million to settle claims that it mishandled pension fund money by investing with Lehman Brothers. A court document led Friday shows that the New York-based bank denies any wrongdoing but agreed to settle a lawsuit to avoid the burden, expense and distraction of litigation. The case still requires court approval. The lawsuit was led by the Operating Engineers Pension Trust in 2009. It claims JPMorgan handled its funds recklessly by investing in notes issued by failed investment rm Lehman Brothers Holdings Inc. Lehmans bankruptcy ling in September 2008 helped spark a credit crisis that plunged the nation into its deepest recession since the Great Depression.

BAD NEWS
Tim Armstrong: With Patch, he found what newspapers had already discovered that its expensive to cover local news, an analyst said. Friday with 350 people getting pink slips. In all, the layo s amount to about 9 percent of AOLs workforce of 5,500. AOL Inc. CEO Tim Armstrong cofounded Patch, an ambitious experiment in local news meant to compete with newspapers, in 2007. AOL bought it in 2009 after Armstrong had taken the helm of the New York-based Internet company.

Pace of home-building jumps in July across U.S.

Developers across the nation broke ground on new homes at a faster pace in July, partly reversing a sharp drop in the previous month. The gures suggest that housing construction is maintaining its recovery. The Commerce Department said Friday that builders began work last month on houses and apartments at a seasonally adjusted annual rate of 896,000. That was up 6 percent from June, though below a recent peak of just over 1 million in March. In June, builders had sought the most building permits for single-family homes in ve years. FROM THE ASSOCIATED PRESS

AOLs Patch local news site laying o up to 500 people

AOL Inc. is laying o up to half the workforce at its Patch local news sites and shuttering or consolidating roughly 150 of the 900 sites while seeking partners for others. Up to 500 of Patchs 1,000 employees will go in the layo s, which started

CHRISTOPER SMITH/Tulsa World