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  • HOUSTON _ Kinder Morgan Inc. on Wednesday reported first-quarter earnings of $276 million. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 19 cents per share. Kinder Morgan shares have climbed 27 percent since the beginning of the year, while the Standard& Poor's 500 index has increased roughly 3 percent.

  • HOUSTON, April 20- At least eight people have died and some 1,150 homes have been damaged in flooding triggered by torrential downpours in the Houston area this week as more rain fell in the region on Wednesday adding to vast pools of standing water. Don Oettinger, a forecaster with the National Weather Service's Houston/ Galveston office, said there was a...

  • On an adjusted basis, profit fell 25 percent to $435 million, or $1.23 per diluted share, in part because United began recording non-cash taxes. Analysts on average estimated United would earn about $420 million, or $1.18 per diluted share, according to Thomson Reuters I/B/E/S. A collapse in oil prices continues to hurt demand for travel from energy center...

  • Kinder Morgan reduced its 2016 capital budget to $2.9 billion, after earlier having lowered its spending plans to $3.3 billion in January. Net income available to Kinder Morgan shareholders fell to $276 million, or 12 cents per share, from $429 million, or 20 cents per share. The Houston- based company's revenue fell 11.2 percent to $3.195 billion in the quarter...

  • April 20- U.S. pipeline operator Kinder Morgan Inc reported a lower first-quarter profit, hurt by a prolonged slump in crude oil prices. Net income available to shareholders fell to $276 million, or 12 cents per share, in the quarter ended March 31, from $429 million, or 20 cents per share, a year earlier. The Houston- based company's revenue fell 11.2 percent to $3.195...

  • HOUSTON— The U.S. Food and Drug Administration is refusing to back down from its decision to block the Texas prison system from importing a drug that could be used for capital punishment in the state that carries out the most executions in the nation. The decision from the FDA comes after the Texas Department of Criminal Justice had appealed the federal agency's...

  • HOUSTON, April 20- At least eight people have died and some 1,150 homes have been damaged in flooding triggered by torrential downpours in the Houston area this week, officials said on Wednesday, as forecasts called for more rain. The National Weather Service said more rain is on tap for the city, the country's fourth largest, after a record-setting drenching that...

  • HOUSTON, April 20- At least nine people have died and some 1,150 homes have been damaged in flooding triggered by torrential downpours in the Houston area this week, officials said on Wednesday, as forecasts called for more rain. The National Weather Service said more rain is on tap for the city, the country's fourth largest, after a record-setting drenching that...

  • HOUSTON _ Helix Energy Solutions Group Inc. on Tuesday reported a first-quarter loss of $27.8 million, after reporting a profit in the same period a year earlier. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 28 cents per share. Four analysts surveyed by Zacks expected $101.7 million.

  • On top of imminent court rulings over school finance and tax refunds that could cost the state billions, Texas is piling up unpaid bills over Medicaid and most recently will have costs from this week's flooding in Houston that has killed at least five people. This week began with the oil prices hovering around $40 a barrel, still well below highs that exceeded...

  • NEW YORK, April 15- Sprint Corp said on Friday it has extended LTE Plus, a network improvement that offers customers its fastest network and higher data speeds to New York City and 190 other markets. Overland Park, Kansas- based Sprint has been giving customers half-off discounts to switch to its service and cutting costs to the tune of $2.5 billion by slashing jobs...

  • NEW YORK, April 15- Out of sight, out of mind? Unlike most other countries, Uncle Sam requires its estimated 7 million expatriates, whether citizens or resident aliens, to file an income tax return with the Internal Revenue Service. "The U.S. has limited power, but the power they do have is significant," said Greg Dewald, an entrepreneur in Salta, Argentina who runs Bright!

  • CHICAGO, April 15- U.S. shale oil producer Goodrich Petroleum Corp said on Friday that it filed for Chapter 11 bankruptcy protection with a plan to eliminate $400 million in debt from its balance sheet while it rides out a slump in commodities markets. The Houston- based exploration and production company, which has shale assets in Texas, Louisiana and...

  • HOUSTON, April 14- Houston sued Internet banking company BofI Holding Inc. for securities fraud on Thursday, prompting its shares to sink on allegations it relied on unlawful lending practices and off- balance-sheet entities to boost profits. The suit filed by the Houston Municipal Employees Pension System in U.S. District Court Southern District of...

  • Its incoming president, Glen Hauenstein, cautioned during a conference call Thursday that the turnaround in passenger unit revenue would come a few months later in 2016 than previously forecast. However, Wall Street had been braced for worse. According to a recent survey by Wolfe Research analyst Hunter Keay, a third of airline investors polled believed Delta...

  • Wells Fargo and Bank of America, two of the biggest lenders to the U.S. oil and gas sector, each set aside hundreds of millions of dollars in additional provisions to cover souring loans to energy companies. While the price of oil has risen off decade-lows hit in January, it is still trading around $40 a barrel, well below the $100 plus levels seen in 2014 and spelling...

  • April 13- Oil and natural gas producer Energy XXI Ltd will prepare for bankruptcy protection as soon as a grace period for missed interest payments expires on Thursday, Bloomberg reported on Wednesday, citing people with knowledge of the matter. The Houston- based company previously missed two interest payments on a total of $1.6 billion of debt on March 15,...

  • But even as those issues have been resolved, smaller lawsuits have cropped up, including a suit filed last week by Greylock Capital Management, a well-known emerging market investor saying Argentina is still not treating investors equally. Since the election of President Mauricio Macri in November, Argentina moved swiftly to settle the debt dispute, mainly...

  • NEW YORK, April 13- Investing in Glacial Energy Holdings Inc should have been a disaster. By 2013, Texas utility regulators had fined Glacial $100,000 for overbilling customers and not disclosing that founder and Chief Executive Officer Gary Mole's previous energy venture had collapsed. Mole was forced to resign from the company's Texas subsidiary.

  • NEW YORK, April 13- When Cubic Energy Inc's bankruptcy plan took effect on March 1, shareholders of the Dallas- based oil and gas company were wiped out. The bank had a nearly 10 percent stake in Cubic Energy at the end of 2015- worth more than $25 million at the company's peak- through a private equity-style unit called Wells Fargo Energy Capital.