Top News & Analysis Houston

  • HOUSTON— Wal-Mart's court fight to sell liquor at its stores in Texas looks to be back on track, but the courtroom is getting crowded. A federal appeals court is allowing a trade group representing liquor store operators to join a stalled federal lawsuit that the nation's largest retailer filed against the Texas agency that hands out permits to sell booze by the...

  • CARACAS/ HOUSTON, Aug 26- Venezuela's state oil company, PDVSA, has relaunched a large tender for the drilling of 600 oil wells in the world's largest crude reserves, sources with knowledge of the tender said this week, after a similar project collapsed last year amid concerns about transparency and political favoritism. Reuters reported last month that tiny...

  • Houston oilfield services company Baker Hughes Inc. said Friday that 406 rigs sought oil and 81 explored for natural gas this week. Colorado, Louisiana, Ohio, Texas and West Virginia each declined by one. Alaska, Arkansas, California, Kansas, New Mexico, North Dakota, Oklahoma and Utah were unchanged.

  • Air New Zealand announced an after-tax profit of 463 million New Zealand dollars for the year ending June, an increase of 42 percent over the previous year. Air New Zealand Chief Executive Christopher Luxon said in a statement that competition is increasing because tourism to the South Pacific nation remains strong and lower fuel costs make the country a more...

  • NEW YORK/ HOUSTON, Aug 25- LyondellBasell Industries NV has retained Bank of America Merrill Lynch to help with the potential sale of its 263,776 barrel-per-day refinery in Houston, according to two people familiar with the talks. The Houston unit is a significant Gulf Coast refinery that can run a wide variety of crude oils, from light Bakken to heavier grades...

  • HOUSTON— A Texas jury on Thursday found that a General Motors Co. ignition switch was not to blame for a 2011 accident that killed one driver and injured another, handing the carmaker its third courtroom win this year in a series of trials designed to help attorneys settle dozens of similar claims. Zachary Stevens and his parents had sued GM, claiming a faulty...

  • NEW YORK, Aug 25- If your kids' college savings are not walled off in some kind of separate account, how do you keep yourself from raiding the kitty? Stephanie Sadural Heincker is one mom who does not trust herself: she has an automatic deduction from each paycheck go into 529 college savings plans for her two- and four-year-old. "This is the least I can do to try to smooth...

  • NEW YORK, Aug 25- If your kids' college savings are not walled off in some kind of separate account, how do you keep yourself from raiding the kitty? Stephanie Sadural Heincker is one mom who does not trust herself: she has an automatic deduction from each paycheck go into 529 college savings plans for her two- and four-year-old. "This is the least I can do to try to smooth...

  • NEW YORK, Aug 25- If your kids' college savings are not walled off in some kind of separate account, how do you keep yourself from raiding the kitty? Stephanie Sadural Heincker is one mom who does not trust herself: she has an automatic deduction from each paycheck go into 529 college savings plans for her two- and four-year-old. "This is the least I can do to try to smooth...

  • SAN FRANCISCO— California's latest carbon auction brought disappointing results Tuesday as litigation and lagging support by lawmakers weigh down the state's landmark programs combating climate change. Jerry Brown's efforts to reduce climate-changing pollution in California and is being watched closely around the world as other governments put...

  • Houston oilfield services company Baker Hughes Inc. said Friday that 406 rigs sought oil and 83 explored for natural gas this week. Among major oil- and gas-producing states, Texas gained eight rigs, Pennsylvania was up two and Louisiana, Oklahoma and West Virginia added one each. Alaska, Arkansas, California, Colorado, Kansas, Ohio, Utah and Wyoming were unchanged.

  • NORTH MIAMI, Fla.— North Miami, following in the steps of cities such as New York, San Francisco and Washington, plans to create a Chinatown arts and business district next year. Despite a small Asian population, the city council wants to build Chinatown from the ground up, though some business owners in the area say there is already an unofficial Chinatown with...

  • HOUSTON _ Stage Stores Inc. on Thursday reported fiscal second-quarter net income of $41,000. Stage Stores expects full-year earnings in the range of 20 cents to 40 cents per share. Stage Stores shares have declined 37 percent since the beginning of the year.

  • SEATTLE, Aug 17- Boeing Co is not experiencing any slippage in demand for jetliners in China, despite the country's sluggish pace of economic growth, a senior Boeing executive said on Wednesday. "We're not seeing any softness yet," Ihssane Mounir, Boeing's senior vice president of sales for Northeast Asia, said at a briefing marking the 50th 787 Dreamliner...

  • HOUSTON _ Key Energy Services Inc. on Monday reported a loss of $92.8 million in its second quarter. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 36 cents per share. Four analysts surveyed by Zacks expected $97.9 million.

  • HOUSTON _ PrimeEnergy Corp. on Monday reported second-quarter net income of $2.5 million, after reporting a loss in the same period a year earlier. On a per-share basis, the Houston- based company said it had net income of 83 cents. PrimeEnergy shares have risen slightly more than 9 percent since the beginning of the year.

  • HOUSTON _ Sysco Corp. on Monday reported fiscal fourth-quarter earnings of $215.7 million. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 60 cents per share. Sysco shares have risen 27 percent since the beginning of the year, while the Standard& Poor's 500 index has climbed almost 7 percent.

  • CARACAS, Aug 15- Venezuela, which holds the world's largest crude reserves, is on track to suffer its steepest annual oil output drop in 14 years as it suffers the effects of an economic crisis and years of under investment and mismanagement, according to data seen by Reuters and interviews with company sources and workers. In the 12 months to June, Venezuela's...

  • CARACAS, Aug 15- Venezuela, which holds the world's largest crude reserves, is on track to suffer its steepest annual oil output drop in 14 years as it suffers the effects of an economic crisis and years of under investment and mismanagement, according to data seen by Reuters and interviews with company sources and workers. In the 12 months to June, Venezuela's...

  • *East& West Coast refiners may import more foreign crude. NEW YORK/ HOUSTON, Aug 12- It may seem odd that the opening of one pipeline crossing through four U.S. Gulf Coast refiners and North Dakota oil producers will reap the benefits.