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Top News & Analysis Houston

  • TUESDAY, NOVEMBER 8 LONDON- Andy Haldane, the chief economist and the executive director of monetary analysis and statistics at Bank of England will be speaking at Launch of the Investment Association Diversity Project. TOKYO- Bank of Japan Executive Director Shigehiro Kuwabara to speak at the 2nd FinTech forum. BRUSSELS- EU finance ministers meet in Brussels-...

  • U.S. shale oil companies, which pump sand into oil wells to make them more efficient, were ravaged by a 2014 global crude glut that hammered prices from more than $100 a barrel to near $26 in February 2016. Silica Holdings Inc of Frederick, Maryland; Southlake, Texas- based Emerge Energy Services LP; and Hi Crush Partners LP in Houston all saw increased business in the...

  • CARACAS, Nov 4- Venezuelan state oil company PDVSA on Friday signed financing deals totaling nearly $1.45 billion with a local firm and India's ONGC Videsh Limited to raise production at joint venture operations. ONGC will provide $318 million to finance increased crude production at the joint venture Petrolera Indovenezolana, S.A., where it holds a 40...

  • *Army will make final decision based on its own review. WASHINGTON, Nov 2- President Barack Obama said the U.S. government is examining ways to reroute an oil pipeline in North Dakota as it addresses concerns raised by Native American tribes protesting against its construction. "Ultimately, this is a determination the Army must make based on its own review, and we...

  • NEW YORK/ HOUSTON, Nov 2- Major airlines including Delta, United and American could face higher fuel costs if U.S. regulators allow Colonial Pipeline Co to stop shipping a dirtier blend of jet fuel by 2018.. The Colonial system carries most of the jet fuel that is delivered via pipeline to the East Coast and used by busy airports serving New York, Washington, D.C. and...

  • SAN ANTONIO, Nov 1- A Texas woman has sued American Honda Motor Co Inc. and the U.S. subsidiary of airbag maker Takata Corporation for at least $1 million, claiming that she was badly injured in a low-speed car accident because the propellant in the airbag exploded. Takata's air bag inflators, which contain ammonium nitrate, have been linked to at least 16 deaths,...

  • SAN ANTONIO, Nov 1- A Texas woman has sued American Honda Motor Co, Inc. and the U.S. subsidiary of airbag maker Takata Corporation for at least $1 million, claiming she was badly injured when the ammonium nitrate propellant in her car exploded in a low-speed accident. Takata's air bag inflators, which contain ammonium nitrate, have been linked to at least 16 deaths,...

  • Nov 1- Occidental Petroleum Corp posted a larger-than-expected quarterly loss on Tuesday, as the Houston- based company curtailed production due to the slump in oil prices. "Our efforts to focus on efficiency and capital discipline are paying off," Chief Executive Vicki Hollub said on a conference call with investors. Oxy has largely focused spending on the...

  • Occidental said on Monday it acquired 35,000 acres of West Texas acreage for $2 billion in cash, boosting its position in the oil-rich Permian Basin. The company's quarterly net loss narrowed to $241 million, or 32 cents per share, from $2.61 billion, or $3.42 per share. Adjusted loss of 15 cents per share was larger than the average analyst estimate of 11 cents,...

  • pumpjack, oil

    EOG Resources said it would buy Yates Petroleum for $2.5 billion, the latest move by a U.S. energy firm to acquire acreage in the Permian Basin.

  • Top Cities to start businesses

    CNBC ranks the emerging hot spots for small businesses based on their tax and regulatory climate, low cost of living and skilled workforce.

  • manhatten.jpg

    The 2nd U.S. Circuit Court of Appeals in Manhattan reversed a lower court judge's dismissal of investors' antitrust claims against 16 banks.

  • Houston hit by historic flood

    A historic storm brings more than 240 billion gallons of rainfall to the area.

  • Dallas County Mosquito Lab microbiologist Spencer Lockwood sorts mosquitos collected in a trap, left, Thursday, Feb. 11, 2016, in Hutchins, Texas, that had been set up in Dallas County near the location of a confirmed Zika virus infection.

    Two Texas hospitals have developed a rapid test for the Zika virus that will provide results in just a few hours.

  • CNBC Update: Scaffolding rescue

    Two window washers have been rescued after getting stuck in scaffolding on the side of the tallest building in Houston; and Russian President Putin called for global cooperation in the fight against terrorism, reports CNBC's Sue Herera.

  • A truck used to carry sand for fracking is washed in a truck stop in Odessa, Texas. As crude oil prices have fallen, many American communities that became dependent on oil revenue are preparing for hard times.

    As oil prices fell toward an 11-year low Tuesday, experts debated what this means for the Texas and broader global economy.

  • A pedestrian walks by a Men's Wearhouse store in New York.

    The Men's Wearhouse on Wednesday reported a fiscal third-quarter loss of $27.2 million, after reporting a profit in the same period a year earlier.

  • Pipelines run toward oil storage tanks at the Enbridge Cushing storage terminal in Cushing, Oklahoma.

    Energy companies are choosing to store their crude oil stockpiles, rather than sell them on an oversupplied market at such low prices.

  • Rusted out "pump-jacks" in the oil town of Luling, Texas.

    Retailers, automobile dealers and other companies in Texas are reporting weakness as a result of the slide in crude prices.

  • 2015 ballot box results

    CNBC's Eamon Javers takes a look at how voters cast their ballots on hot button issues such as school funding in Mississippi, legalizing marijuana in Ohio, transgender rights in Houston, and short-term rentals in San Francisco.