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  • Crown Castle reports 4Q results Wednesday, 27 Jan 2016 | 5:21 PM ET

    HOUSTON _ Crown Castle International Corp. on Wednesday reported a key measure of profitability in its fourth quarter. The real estate investment trust, based in Houston, said it had funds from operations of $372.2 million, or $1.11 per share, in the period. The average estimate of six analysts surveyed by Zacks Investment Research was for funds from operations...

  • The company, which produces oil in North Dakota's Bakken Shale and the U.S. Hess posted a net loss of $1.82 billion, or $6.43 per share, in the fourth quarter ended Dec. 31, compared with a net loss of $8 million, or 3 cents per share, in the year-ago period. Hess stressed that for 2016 it has enough cash to fund both its capital budget and dividend, which will cost about $2.5...

  • Sharps Compliance misses Street 2Q forecasts Wednesday, 27 Jan 2016 | 7:01 AM ET

    HOUSTON _ Sharps Compliance Corp. on Wednesday reported fiscal second-quarter net income of $615,000. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 9 cents per share. Sharps Compliance shares have dropped 17 percent since the beginning of the year.

  • Prosperity Bancshares tops 4Q profit forecasts Wednesday, 27 Jan 2016 | 6:29 AM ET

    HOUSTON _ Prosperity Bancshares Inc. on Wednesday reported fourth-quarter profit of $70.5 million. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of 99 cents per share. Prosperity Bancshares shares have decreased 26 percent since the beginning of the year.

  • The historic storm paralyzed much of the heavily populated East Coast and snowy gridlock closed government and businesses in Washington for 2-1/ 2 days. Central Park in New York City has received an average of 9.2 inches of snow in February, according to National Weather Service data dating back to 1868, compared with 7.9 inches in January, 6.2 inches in...

  • Jan 25- SandRidge Energy Inc is exploring debt restructuring options, according to people familiar with the matter, as the heavily indebted U.S. oil and gas exploration and production company struggles with the fallout from plunging energy prices. Debtwire had reported on Jan. 13, also citing unnamed sources, that SandRidge- which produces oil and gas from shale...

  • U.S. airlines rethink hedges as oil plunges Friday, 22 Jan 2016 | 6:00 AM ET

    NEW YORK, Jan 22- The lowest fuel prices for more than a decade are proving to be a double-edged sword for U.S. airlines. Southwest Airlines Co said on Thursday its outstanding hedges represented a loss of $1.8 billion through 2018, at Jan. 15 prices. However, it still expects a fuel bill that is more than 30 cents per gallon lower this year compared to 2015, or a roughly...

  • Jan 20- United Airlines forecast a higher profit margin for the first quarter on Thursday, helped by a windfall from cheap jet fuel, but warned that the collapse in oil prices is hurting demand for travel from energy center Houston, one of its main hubs. However, the drop in oil also presents a headache for United, as it has dragged on sales to energy clients around the...

  • Chief Executive Oscar Munoz, who suffered a heart attack in October, said on a conference call he was feeling great after a heart transplant this month. United, the second-largest U.S. airline by capacity behind American Airlines Group Inc, doubled its adjusted profit to $934 million, or $2.54 per diluted share. Analysts on average expected United to earn about...

  • UNITED AIRLINES IS SHIFTING FLIGHT CAPACITY AWAY FROM HOUSTON HUB IN RESPONSE TO WEAKER SALES FROM ENERGY INDUSTRY CLIENTS- CHIEF REVENUE OFFICER.

  • Jan 20- United Continental Holdings Inc on Thursday reported fourth-quarter profit below analysts' expectations and said it expects unit revenue to keep sinking as sharply lower oil prices hurt sales to energy clients around the airline's Houston hub. United, the second-largest U.S. airline by capacity, doubled its adjusted profit to $934 million, or $2.54...

  • The U.S. budget airline, whose shares rose 0.4 percent in premarket trading, also said it would soon start a $500 million accelerated stock buyback. Earnings before special items rose 46 percent to $591 million, or 90 cents a share, as the plummeting cost of jet fuel added $189 million to Southwest's bottom line. Analysts on average expected 90 cents a share,...

  • But he is far from alone among Republican candidates in having a financial relationship with the Wall Street investment bank in recent years. Last week, the New York Times reported that Cruz, whose wife Heidi Cruz is on leave from her job as a managing director at Goldman's wealth management arm, had borrowed as much as $500,000 from Goldman to help him in his...

  • HOUSTON, Jan 21- A private equity-backed U.S. oil company led by former Statoil executives has bought 18,000 acres in rural west Texas, the latest deal by investors snapping up land whose value has plunged along with crude prices. Luxe Energy LLC, formed last year by Statoil alumni with $500 million in equity financing from NGP Energy Capital Management, planned...

  • UPDATE 1-Kinder Morgan swings to loss on $1.15 bln charge Wednesday, 20 Jan 2016 | 5:31 PM ET

    Jan 20- U.S. pipeline giant Kinder Morgan Inc swung to a fourth-quarter loss, hurt by a $1.15 billion in impairment charges due to falling commodity prices. The company said it cut its 2016 capital budget to $3.3 billion, assuming West Texas Intermediate crude oil price of $38 per barrel, from its previous estimate of $4.2 billion. Kinder Morgan posted net loss...

  • YORKTOWN, Texas, Jan 20- Across oil fields from Texas to North Dakota fears are growing that crude's plunge below $30 a barrel is more than just another market milestone and marks a countdown to an endgame for many shale producers that so far have braved the 18- month downturn. Yet many of around 50 listed U.S. independent oil producers and scores of smaller ones...

  • Japan's Cosmo Oil buys U.S. crude cargo -NHK Monday, 18 Jan 2016 | 7:23 PM ET

    TOKYO, Jan 19- Japan's Cosmo Oil Co has purchased a U.S. crude oil cargo, the first purchase by a Japanese buyer since the ending of a four-decade ban on most U.S. crude exports, public broadcaster NHK said on Tuesday. Cosmo Oil has signed a contract with a U.S. oil firm and the 300,000 barrel cargo is scheduled to be exported from Houston in late February, NHK said, without...

  • WASHINGTON, Jan 17- As part of a prisoner exchange with Iran, the White House said on Saturday it had offered clemency to seven Iranians who were convicted or facing trial in the United States. Through interviews with attorneys and a review of court records, Reuters has identified seven cases in which the United States offered clemency for Iranians serving...

  • Those steps were part of an unusual deal negotiated in secret that saw four Americans freed by Iran in the prisoner swap and a fifth American released separately. The prisoner deal with Iran came as major powers prepared to implement a nuclear agreement that would lift economic sanctions against Tehran in exchange for steps to curb its nuclear program.

  • BUENOS AIRES, Jan 14- State-run energy firm YPF said on Thursday it had signed a preliminary deal worth more than $500 million over three years with American Energy Partners LP to explore for shale gas in Argentina's vast Vaca Muerta formation. The foray into Argentina by American Energy's Aubrey McClendon comes months after the former CEO of Chesapeake...