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Top News & Analysis Houston

  • HOUSTON— United Airlines says a flight from Costa Rica to Houston was cut short by an engine-overheating warning. Airline spokeswoman Erin Benson says the two-engine Boeing 737 circled to burn fuel, then returned Monday to the airport in Liberia, Costa Rica. He says it sounds like the United crew did everything right, including throttling back and returning to...

  • DUBAI, April 25- Emirates signaled on Tuesday that its U.S. expansion plans were on hold until demand recovers from a slowdown that the airline has blamed on President Donald Trump's travel restrictions. The Dubai- based carrier announced last week it would reduce flights to five U.S. cities from May following a "significant deterioration" in demand.

  • The oilfield services provider on Tuesday reported a bigger-than-expected loss and said growth in its well construction business onshore North America was more than offset by increased competition for pressure pumping services and reduced customer spending in the Gulf of Mexico. The Houston, Texas- based company, which is being acquired by General...

  • HOUSTON _ Allegiance Bancshares Inc. on Tuesday reported first-quarter net income of $6 million. Allegiance Bancshares shares have climbed nearly 3 percent since the beginning of the year. Keywords: Allegiance Bancshares, Earnings Report.

  • HOUSTON _ McDermott International Inc. on Tuesday reported first-quarter net income of $21.9 million, after reporting a loss in the same period a year earlier. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 1 cent per share. This story was generated by Automated Insights using data from Zacks Investment...

  • HOUSTON _ Baker Hughes Inc. on Tuesday reported a loss of $129 million in its first quarter. The average estimate of 11 analysts surveyed by Zacks Investment Research was for a loss of 21 cents per share. Seven analysts surveyed by Zacks expected $2.28 billion.

  • Now, at least two East Coast refiners, Phillips 66 and Delta Air Lines Inc's subsidiary Monroe Energy, are looking to move more crude by ship from Texas into the Philadelphia area. This option is more expensive than oil imported to the East Coast, typically from Nigeria. Analysts and traders expected that once the Dakota line came into service, East Coast and West...

  • HOUSTON _ Weingarten Realty Investors on Monday reported a key measure of profitability in its first quarter. The average estimate of eight analysts surveyed by Zacks Investment Research was for funds from operations of 60 cents per share. Four analysts surveyed by Zacks expected $140.1 million.

  • HOUSTON _ Crown Castle International Corp. on Monday reported a key measure of profitability in its first quarter. The average estimate of seven analysts surveyed by Zacks Investment Research was for funds from operations of $1.23 per share. For the current quarter ending in July, Crown Castle expects its per-share funds from operations to range from $1.20...

  • NEW YORK— Halliburton Co. on Monday reported a narrower first-quarter loss as greater demand for domestic drilling services boosted revenue. The provider of drilling services to oil and gas operators reported a loss of $32 million, or 4 cents per share, compared to a loss of $2.41 billion, or $2.81 per share, a year prior when it had hefty charges.

  • HOUSTON _ Helix Energy Solutions Group Inc. on Sunday reported a loss of $16.4 million in its first quarter. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 14 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • CALGARY, Alberta, April 23- Canada's Cenovus Energy Inc has said it may sell parts of the Deep Basin natural gas assets it recently bought from Houston- based ConocoPhillips, Royal Bank of Canada analysts wrote in a research note on Sunday. Cenovus Chief Executive Brian Ferguson held a conference call with analysts last Friday, and the oil company "signaled that it...

  • HOUSTON— The Latest on the confrontation on an American Airlines flight:. A passenger on an American Airlines flight says a flight attendant who has since been grounded nearly hit a baby when he jerked a stroller away from a woman holding the child. Olivia Morgan, an executive with an education-related nonprofit, tells the New York Times that she witnessed the...

  • NEW YORK, April 22- American Airlines on Saturday apologized to a female passenger and suspended an employee after a video showing an onboard clash over a baby stroller went viral, in the latest embarrassment for a U.S. carrier over how it treated a customer. Facebook user Surain Adyanthaya, who posted the video, wrote that the flight attendant had forcefully...

  • American Airlines said it grounded a flight attendant who got into a verbal confrontation with a passenger on a Friday flight from San Francisco to Dallas-Fort Worth. Spokeswoman Leslie Scott says the airline is looking into whether the male flight attendant violently took away a stroller from the female passenger just before she boarded a Friday flight...

  • Houston oilfield services company Baker Hughes Inc. said Friday that 688 rigs sought oil and 167 explored for natural gas this week. Texas added six rigs and Alaska, Colorado, North Dakota, Pennsylvania and Wyoming each gained one. Arkansas, California, Kansas, Louisiana, New Mexico, Ohio, Utah and West Virginia were unchanged.

  • Earnings, adjusted for non-recurring costs, were 25 cents per share, meeting the average estimate of analysts surveyed by Zacks Investment Research. Analysts surveyed by Zacks expected $6.98 billion in revenue. North America was the lone bright spot, as revenue declined from the previous quarter in Europe, Africa, the Middle East and Asia.

  • *Oil supplies remain plentiful despite OPEC- led cut. SINGAPORE/ LONDON, April 21- The jury is still out over whether an OPEC- led production cut aimed at tightening oil markets is working, or if the producer club has simply enabled higher prices without making much of a dent in the global fuel supply overhang. Over two years into a 50 percent price slump, the...

  • *Oil supplies remain plentiful despite OPEC- led cut. SINGAPORE/ LONDON, April 21- The jury is still out over whether an OPEC- led production cut aimed at tightening oil markets is working, or if the producer club has simply enabled higher prices without making much of a dent in the global fuel supply overhang. Over two years into a 50 percent price slump, the...

  • *Saudi Arabia, Kuwait signal likely cut extension. NEW YORK, April 20- Oil prices ended mixed on Thursday after a seesaw trading session, as investors weighed rising U.S. production against geopolitical uncertainties and comments from leading Gulf oil producers that an extension to OPEC- led supply cuts was likely. OPEC members Saudi Arabia and Kuwait signaled...