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  • The Transportation Department said Tuesday that 80.5 percent of flights operated by the leading airlines were on time in May, up from 76.9 percent in May 2014. Ten of those flights were on the same stormy day at Bush Intercontinental Airport in Houston. Hawaiian Airlines, Alaska Airlines and Delta Air Lines had the best on-time ratings, while Spirit Airlines had...

  • HOUSTON— A Texas man used social media to promote his gun store, posting politically charged messages that criticized the president and promoted Second Amendment rights. But after losing ownership of his suburban Houston store in bankruptcy, Jeremy Alcede spent nearly seven weeks in jail for refusing a federal judge's order to share with the new owner the...

  • NEW YORK— The New York Police Department is stepping up security throughout the city and encouraging vigilance over the July Fourth weekend as thousands of tourists stream into the city for festivities. The NYPD also will rely on a network of thousands of closed-circuit security cameras carpeting the roughly 1.7 square miles south of Canal Street, the subway...

  • NEW ORLEANS— Most of the $18.7 billion proposed settlement that BP reached over its 2010 Gulf of Mexico oil spill would go to five Gulf Coast states, if the deal is approved by a judge. Florida would receive $3.25 billion, with about $2 billion for economic loss and the rest distributed throughout the state to environmental projects such as beaches and piers.

  • HOUSTON, July 2- BP Plc has reached an $18.7 billion deal with the U.S government and five states to settle litigation stemming from its deadly 2010 Gulf of Mexico oil well blowout and explosion that killed 11 men and unleashed the worst spill in U.S. history. It also seeks to resolve environmental and economic damage claims by Louisiana, Mississippi, Alabama,...

  • *Some caution prevails over long July 4 weekend, Greece and Iran. But with the Greek debt crisis unresolved and Iran nuclear talks pending, and Friday's U.S. The market is also expecting latest weekly estimate on the U.S. oil rig count from industry firm Baker Hughes at 1:00 p.m. EDT.

  • SAO PAULO, July 2- Brazilian police arrested Jorge Zelada, former head of Petrobras' international division, as part of an ongoing investigation into bribery and corruption at the state-run oil producer, prosecutors said on Thursday. Prosecutors said Zelada, who led the international division from 2008 to 2012, was suspected of receiving bribes on a drillship...

  • JEFFERSON CITY, Mo.— Missouri utility regulators on Wednesday denied a company's request to construct a high-voltage power line in Missouri that was planned for a multistate wind energy project. Houston- based Clean Line touted the $2.2 billion project as a way to provide low-cost clean energy and jobs to Missouri, but landowners warned it would hurt farming...

  • They also agreed to wind down their AlphaBridge Fixed Income Master Fund and two similarly named "feeder funds," which were all launched in 2001, and Carino accepted a three-year ban from the securities industry, the SEC said. Instead, the SEC said the defendants by 2010 were generating those valuations themselves, and encouraging broker-dealers to pass them...

  • HOUSTON, July 1- A surge in West Texas oil pipeline startups and expansions has squeezed viability of some crude-by-rail terminals in the region, but increased output of ultra-light condensate could give them a niche pipelines cannot fill, a top rail operator in the region said on Wednesday. "The big topic used to be that there wasn't enough takeaway capacity out...

  • *Appomattox project set to start production by end of decade. LONDON, July 1- Royal Dutch Shell has given the green light for the development of its largest platform in the Gulf of Mexico after making steep cost cuts which made the deep water project economical despite low oil prices. The decision to pour billions of dollars into the Appomattox project comes as...

  • NEW YORK, July 1- U.S. crude oil inventories rose last week for the first time since April, while gasoline stocks decreased unexpectedly, data from the Energy Information Administration showed on Wednesday. "The crude build was definitely a surprise as was the Cushing build," said Tariq Zahir, managing member at Tyche Capital Advisors in Laurel Hollow, New York.

  • NEW YORK— A salon app creator knew exactly who she wanted to help her business. Kathleen Jennings' BeautyNow app, created in 2013, helps book appointments for blowouts, manicures and massages. Jennings was based in Houston and signing up salons and spas in Texas.

  • NEW YORK— European regulators have cleared Siemens' $7.6 billion acquisition of the U.S. oilfield equipment maker Dresser-Rand. Siemens AG has agreed to pay $83 per common share of Dresser-Rand, which has a market capitalization of $6.12 billion. Dresser-Rand Group Inc., based in Houston and Paris, has annual revenue of around $3 billion and employs about 8,100...

  • Swedish woman's Wall Street dream led to $850M lawsuit Sunday, 28 Jun 2015 | 11:26 AM ET

    NEW YORK— She was a young woman from a tiny Swedish town who aspired to work on Wall Street. He was a married man from China who owned a Manhattan investment consulting firm. A jury is deciding the fate of a lawsuit in which 25- year-old Hanna Bouveng claims Benjamin Wey, chief executive officer of New York Global Group, degraded her sexually and then ruined her...

  • SACRAMENTO, Calif.— Travelers easily whiz from city to city on high-speed trains in many parts of South America, Asia and Europe. Since the first high-speed lines began operating more than 50 years ago in Japan, they have become an essential part of transportation worldwide. "The challenge in America is the scale of America," said Robert Eckels, chief executive of the...

  • LOS ANGELES— A petroleum pipeline company said Friday that oil from a Santa Barbara, California, spill spread more than 100 miles to Los Angeles County beaches. Plains All American Pipeline said that oil from its pipeline was found as far away as Redondo Beach. The Houston- based company and state officials said earlier in the week that oil from the May 19 spill had...

  • HOUSTON— Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. increased by two this week to 859, the first weekly gain since December. Houston- based Baker Hughes said Friday 628 rigs were seeking oil and 228 explored for natural gas. Alaska, Arkansas, California, Colorado, Kansas, Oklahoma, Pennsylvania,...

  • At 4:35 a.m. each weekday, Stan Paul drives out of his Southern California suburb with 10 passengers in a van, headed to his job as an undergraduate counselor at the University of California, Los Angeles. On the return trip, Los Angeles' infamously snarled traffic often stretches their afternoon commute to three hours. "If we don't change, in 2045, the...

  • RALEIGH, N.C.— Like many fast-growing parts of the country, North Carolina's Triangle region is trying to avoid being strangled by its own success: Traffic is thickening, drivers are getting stuck in it and there's no simple solution in sight. The population of the three counties that include Raleigh, Durham and Chapel Hill is forecast to grow by more than 40...