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Top News & Analysis Houston

  • CARACAS/ PUNTO FIJO, Venezuela, March 22- G rumbling Venezuelans were lining up for scarce gasoline across the OPEC nation on Wednesday, due to mounting oil industry woes in the country with the world's largest crude reserves. Venezuela, which also has the world's cheapest gasoline, has wrestled with intermittent gasoline shortages in recent months, especially...

  • CALGARY, Alberta, March 22- Canada's Enbridge Inc said on Wednesday it would cut about 1,000 positions, or 6 percent of its work force, after buying Spectra Energy Corp of Houston, the first layoffs for the combined energy infrastructure company, the biggest in North America. The takeover announced last year, the most significant energy deal since oil and natural...

  • *S&P 500 touches 5- week low after sinking 1.2 pct Tuesday. *Bonds gain as concerns about Washington gridlock grow. NEW YORK, March 22- Most U.S. and European share indexes fell or were little changed on Wednesday as concerns over potential delays to President Donald Trump's pro-growth policies again unnerved investors, while safe-haven gold, U.S.

  • CALGARY, Alberta— Enbridge Inc. says it is cutting about 1,000 jobs or 6 percent of its workforce following the takeover of Houston- based Spectra Energy. The Calgary, Alberta- based Enbridge said Wednesday it is laying off people to address overlaps in the combined company's organizational structure after acquiring Spectra late last month.

  • *S&P 500 touches 5- week low after sinking 1.2 pct Tuesday. *Bonds gain as concerns about Washington gridlock grow. NEW YORK, March 22- Most U.S. and European share indexes fell on Wednesday as concerns over potential delays to President Donald Trump's pro-growth policies again unnerved investors, while safe-haven gold, U.S.

  • *Gold rises to three-week high; dollar falls. March 22- The S&P 500 and the Nasdaq were little changed on Wednesday as investors increasingly worried whether President Donald Trump will be able to push ahead with his pro-growth policies. The Dow was lower in morning trading, dragged down by a 6.2 percent fall in Nike after the world's largest footwear maker's...

  • *Gold rises to three-week high; dollar falls. March 22- U.S. stocks looked set to open slightly lower on Wednesday, a day after Wall Street posted its biggest one-day fall since the November election, as investors fret about potential delays to President Donald Trump's pro-growth policies. "The markets were reminded yesterday the' Trump trade' is not a one-way trade...

  • *OPEC sources say group leaning towards extending cuts. NEW YORK, March 21- Oil prices fell on Tuesday, with U.S. crude dropping to its lowest since November, as concerns about new supplies overshadowed the latest talk by OPEC that it was looking to extend output cuts beyond June. Brent futures for May delivery fell 66 cents, or 1.3 percent, to settle at $50.96 a barrel,...

  • OMAHA, Neb.— The Gordmans bankruptcy has attracted two bidders who want to keep at least some of the company's 106 discount department stores operating. Former Gordmans CEO Jeff Gordman is leading one of the groups interested in the company's assets. But any sale of Gordmans' assets will have to be approved by the bankruptcy court, so it's not clear if the bidders...

  • Your local Target may be getting a makeover

    Target is planning a redesigned store in Houston that opens this October, and it's pretty different from other shops.

  • HOUSTON _ Francesca's Holdings Corp. on Tuesday reported fiscal fourth-quarter profit of $14.6 million. Six analysts surveyed by Zacks expected $145.7 million. For the current quarter ending in May, Francesca's Holdings said it expects revenue in the range of $111 million to $114 million.

  • New center aisles will be curved rather than squared off, to inspire people to explore, says Mark Schindele, senior vice president of Target Properties. The first of the redesigned stores will open in suburban Houston this fall. About 40 more stores will get the remodel treatment by October, using the Houston prototype as a template.

  • Missouri utility regulators began hearing testimony on a request from Clean Line Energy to build a high-voltage transmission line from western Kansas across Missouri and Illinois to an Indiana power grid that connects with eastern states. Along the way, the line also could supply power to the equivalent of 200,000 Missouri homes. So Clean Line Energy...

  • Houston oilfield services company Baker Hughes Inc. said Friday that 631 rigs sought oil and 157 explored for natural gas this week. Oklahoma increased by 10 rigs, North Dakota added five, Texas gained four, Colorado and Utah were each up two, and Alaska gained one. Arkansas, California, Kansas, Ohio, Pennsylvania and West Virginia were all unchanged.

  • *Saudi Arabia says OPEC cuts could be extended. LONDON/ NEW YORK, March 17- Oil prices were largely steady on Friday, finishing the week with modest gains, but speculators sharply cut long positions during last week's rout, on concerns that an OPEC production cut was failing to reduce a global supply overhang. Brent crude settled up 2 cents to $51.76 a barrel while U.S....

  • *Saudi Arabia says OPEC cuts could be extended. LONDON/ NEW YORK, March 17- Oil prices were largely steady on Friday, and looked set to finish the week with modest gains after losing almost 10 percent last week on concerns that an OPEC production cut was failing to reduce a global supply overhang. Crude traded in a narrow band this week, with Brent and West Texas...

  • March 16- Australian investment bank Macquarie Group Ltd agreed to buy Cargill Inc's petroleum business, the commodities trader said on Thursday, the latest reshuffling of its business following an almost three-year slump in oil prices. The deal would expand its footprint by adding facilities in Geneva, Switzerland and Minneapolis, Minnesota.

  • NEW YORK, March 16- Calumet Specialty Products Partners has retained advisors for a potential sale of its refinery in Superior, Wisconsin, according to two people familiar with the matter. Still, a deal could fetch as much as $500 million, according to one of the sources, who spoke on the condition of anonymity as the talks are private. The refinery's location, which...

  • HOUSTON _ Adams Resources& Energy Inc. on Wednesday reported a loss of $168,000 in its fourth quarter. The Houston- based company said it had a loss of 4 cents per share. Keywords: Adams Resources& Energy, Earnings Report.

  • HOUSTON _ Contango Oil& Gas Co. on Wednesday reported a loss of $16.8 million in its fourth quarter. On a per-share basis, the Houston- based company said it had a loss of 69 cents. For the year, the company reported that its loss narrowed to $58 million, or $2.71 per share.