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  • July 20- United Continental Holdings Inc is reviewing its management structure and how it routes flights through various hubs in an effort to operate more efficiently and cut costs, Chief Executive Officer Oscar Munoz said in an employee letter that Reuters saw on Wednesday. Separately, United said in a filing on Wednesday that it expected to cut flight...

  • NEW YORK— A record terrorism-related forfeiture order benefiting families of some Sept. 11 victims and others was reversed on appeal Wednesday, leaving in doubt what will happen to a $1 billion Manhattan office building at the center of the legal case. The 2nd Circuit decision written by Circuit Judge Richard C. Wesley said the buildings do not qualify as being...

  • UNITED EXPECTS TO CUT FLIGHT CAPACITY FROM HOUSTON HUB BETWEEN 1 PCT AND 2 PCT IN 2016 FROM YEAR AGO.

  • HOUSTON— Halliburton Co. on Wednesday reported a second-quarter loss of $3.21 billion, after reporting a profit in the same period a year earlier. The average estimate of 18 analysts surveyed by Zacks Investment Research was for a loss of 19 cents per share. Halliburton shares have increased 32 percent since the beginning of the year, while the Standard& Poor's...

  • HOUSTON _ Helix Energy Solutions Group Inc. on Tuesday reported a loss of $10.7 million in its second quarter. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 13 cents per share. Three analysts surveyed by Zacks expected $125.3 million.

  • CHICAGO, July 19- U.S regional railroad Kansas City Southern on Tuesday reported a higher-than-expected second-quarter profit, helped by cost cutting, but its freight volumes were flat and revenue fell more than analysts had forecast. Kansas City Southern reported a 13 percent decrease in operating expenses to $348.6 million from $399 million.

  • WASHINGTON— The State Department says that Chinese authorities have informed the U.S. they will bring a legal case against an American businesswoman who has been detained for more than a year. Spokeswoman Elizabeth Trudeau urged China on Friday to resolve the case of Sandy Phan-Gillis in a manner that respects international human rights.

  • HOUSTON/ RUNGE, Texas, July 14- Two years ago, Reg MacDonald's 20- day drilling classes were packed to capacity, with nearly 40 students eager to land lucrative jobs in the booming oil and gas industry. The latest rout in oil prices has been the last straw for many workers just getting back on their feet after the last downturn in 2008, said MacDonald, president of...

  • HOUSTON/ RUNGE, Texas, July 14- Two years ago, Reg MacDonald's 20- day drilling classes were packed to capacity, with nearly 40 students eager to land lucrative jobs in the booming oil and gas industry. The latest rout in oil prices has been the last straw for many workers just getting back on their feet after the last downturn in 2008, said MacDonald, president of...

  • NEW YORK, July 13- U.S. gasoline and distillate stocks surged unexpectedly last week, data showed on Wednesday, crimping margins for refiners at the height of summer driving season, a time when they generally enjoy healthy demand and profits. Almost two months into the start of a summer when Americans were expected to take to the road at record rates, some 1.2...

  • SAN FRANCISCO/ HOUSTON, July 13- Two top U.S. central bankers jumped into the debate over immigration this week with surprising candor, with one calling for engagement in what he said would be "a horribly difficult debate" so as to ensure better economic growth. Speaking Tuesday evening in Marquette, Michigan, Minneapolis Fed President Neel Kashkari also said that...

  • YAMOUSSOUKRO, July 13- Ivory Coast aims to roughly double oil and gas output by 2020 as it pushes for foreign investment in offshore exploration, the head of state oil and gas company Petroci said on Wednesday. We've awarded about 20, "Petroci's Managing Director Ibrahima Diaby said on the sidelines of an energy conference in Ivory Coast's capital Yamoussoukro.

  • HOUSTON, July 13- Global headwinds are undercutting the Federal Reserve's efforts to boost the U.S. economy, making low interest rates not nearly as stimulative as they were when the rest of the world economy was growing faster, a top Fed official said on Wednesday. A "slow, gradual, careful" approach to raising interest rates is therefore appropriate as the U.S....

  • Speaking with reporters after a presentation in Houston, Dallas Fed President Robert Kaplan added that it wouldn't be wise to speculate on the timing of the next rate move or the number of moves.

  • HOUSTON, July 13- Global headwinds mean that U.S. monetary policy is modestly, but not wildly, accommodative, and the Federal Reserve needs to keep it so as long as employment and inflation fall short of its goals, a top Fed official said on Wednesday. A "slow, gradual, careful" approach to raising interest rates is very appropriate, Dallas Fed President Robert Kaplan...

  • NEW YORK, July 13- Wealthy U.S. investors are holding record cash balances out of fear that the U.S. presidential election will wreak havoc on their retirement accounts, a senior UBS Group AG executive said. Bob McCann, who chairs the Swiss bank's Americas division, said in an interview this week that clients are confident about the economy but hesitant to invest...

  • HOUSTON- Federal Reserve Bank of Dallas President Robert Kaplan speaks on "The U.S. and World Economy Today" before a moderated question-and-answer session hosted by the World Affairs Council of Greater Houston- 1300 GMT. LONDON- Economists for Brexit Press Conference: Ensuring that "Brexit means Brexit", avoiding "EU Lite" and creating a launch pad for a stable,...

  • July 12- Valero Energy Corp said on Tuesday it bought Kinder Morgan Inc's 50 percent stake in Parkway Pipeline LLC, previously a joint venture between the two companies. The move will give Valero increased access to the eastern United States by connecting the pipeline to Colonial Pipeline Co's system that runs from Houston to New York Harbor.

  • July 12- Valero Energy Corp bought the remaining 50 percent stake in Parkway Pipeline LLC and said it would gain increased access to eastern United States by connecting the pipeline to Colonial Pipeline Co's Gulf Coast- to-U.S. Parkway Pipeline LLC transports refined products from Valero's St. Charles refinery in Norco, Louisiana to Collins, Mississippi.

  • MARQUETTE, United States- Minneapolis Fed President Neel Kashkari speaks on the economy and the role of the Fed before a Town Hall forum co-sponsored by 40 Below Marquette County Young Professionals- 2130 GMT. LONDON- Bank of England to publish record of latest Financial Policy Committee meeting- 0830 GMT. ST. LOUIS, United States- St.