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  • The Exxon Mobil Corp refinery in Beaumont, Texas, received a strike notice on Friday night, according to the company. The Beaumont plant was the only Exxon refinery to receive a notice. Royal Dutch Shell Plc and Motiva Enterprises refineries have not received strike notices, a spokesman said on Saturday.

  • US recalls 2.1M vehicles in new air bag issue Saturday, 31 Jan 2015 | 12:13 PM ET
    2003-2004 Toyota Corolla S

    The auto industry's troubles deepened as regulators said automakers will recall about 2.1 million older vehicles to fix airbag defects.

  • Toyota Motor Corp, Fiat Chrysler Automobiles NV and Honda Motor Co have issued three earlier recalls to fix problems with a defective chip in the affected airbag systems. The latest air bag recalls were not related to a wider issue involving millions of vehicles recalled over Takata Corp air bags. U.S. safety regulators have said defective Takata air bag...

  • The government says more than 2 million Toyota, Chrysler and Honda vehicles need a second fix for air bags that may inadvertently inflate while the car is running. Carmakers originally tried to fix the defects by partially replacing the electronic control unit, made by TRW Automotive Holdings Corp. of Livonia, Mich., but that fix didn't always work.

  • Lawsuit: Exploding air bag killed Texas man Friday, 30 Jan 2015 | 4:20 PM ET

    HOUSTON— The family of a Texas man who died in a minor traffic accident is alleging in a lawsuit that their loved one is the latest person to be killed by shrapnel shooting out of exploding air bags made by Takata Corp. of Japan. Carlos Solis, 35, died on Jan. 18 in a minor crash in a Houston suburb. Takata is under fire for air bag inflators that can explode, shooting out...

  • Goodrich Petroleum cuts oil drilling in La. and Miss. Friday, 30 Jan 2015 | 12:59 PM ET

    JACKSON, Miss.— Low oil prices mean the driller that has been the most bullish on an oil region that straddles the Louisiana- Mississippi line is cutting back. Goodrich Petroleum Corp., based in Houston, said Friday that it will spend $80 million to $100 million on exploration and drilling this year, down from $150 million to $200 million it had previously projected.

  • WILLISTON, N.D., Jan 29- Occidental Petroleum Corp Chief Executive Stephen Chazen quipped on Thursday that his larger rival Chevron Corp was too poor to buy the No. 4 U.S oil producer, but the offhand remark sent Oxy's stock up anyway. Wolfe Research's Paul Sankey said. Laughter was audible in the background, but eyebrows were raised by the mention of a specific...

  • DETROIT, Jan 29- Honda Motor Co said on Thursday that a driver was killed last week in a Houston suburb in a 2002 Accord equipped with a Takata Corp air bag that may have ruptured. The Harris County Sheriff is investigating the crash, which occurred Jan. 18 in Spring, Texas, north of Houston, and identified the driver as 35- year-old Carlos Solis. Takata's handling of air...

  • DETROIT, Jan 29- Honda Motor Co said on Thursday that a driver was killed last week in Houston in a 2002 Accord equipped with a Takata Corp air bag that may have ruptured. Honda said that local authorities have not officially determined the cause of death of the driver. The 2002 Accord was included in a 2011 safety recall but the "recall repair was never completed,"...

  • Exploding air bag may have killed Texas man Thursday, 29 Jan 2015 | 4:14 PM ET

    HOUSTON— Federal safety regulators are looking into the death of a Texas man who may be the latest victim of exploding automobile air bags made by Takata Corp. of Japan. Senator Bill Nelson, D- Fla., said Thursday on the Senate floor. Honda said in a statement that the car was part of a 2011 national recall to fix the driver's air bag inflators, but records show the...

  • HONDA SAYS FATAL CRASH OCCURRED JAN 18 IN A 2002 ACCORD MODEL IN HOUSTON.

  • HOUSTON/ WILLISTON, N.D., Jan 29- ConocoPhillips and Occidental Petroleum Corp on Thursday slashed exploration spending plans for this year, as the third- and fourth-largest U.S. oil companies attempt to cope with a steep slide in crude prices. The cuts follow similar steps by rival Hess Corp earlier this week while Royal Dutch Shell, Europe's largest oil company,...

  • Occidental reports 4Q loss Thursday, 29 Jan 2015 | 8:43 AM ET

    HOUSTON _ Occidental Petroleum Corp. on Thursday reported a fourth-quarter loss of $3.41 billion, after reporting a profit in the same period a year earlier. The Houston- based company said it had a loss of $4.41 per share. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 68 cents per share.

  • Cameron tops 4Q profit forecasts Thursday, 29 Jan 2015 | 8:36 AM ET

    HOUSTON _ Cameron International Corp. on Thursday reported fourth-quarter profit of $254 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $1.20 per share. Analysts expected $2.85 billion, according to Zacks.

  • Phillips 66 beats 4Q profit forecasts Thursday, 29 Jan 2015 | 8:28 AM ET

    HOUSTON _ Phillips 66 on Thursday reported fourth-quarter net income of $1.15 billion. On a per-share basis, the Houston- based company said it had net income of $2.05. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $1.33 per share.

  • ConocoPhillips posts 4Q loss as oil prices fall Thursday, 29 Jan 2015 | 8:13 AM ET

    HOUSTON— Hurt by falling oil prices, ConocoPhillips reported a loss during its fourth quarter and said it would cut spending on drilling and exploration projects in parts of the U.S. The Houston oil and gas company reported Thursday a loss of $39 million, or 3 cents per share during the quarter, compared with a net income of $2.5 billion, or $2 per share, in the same...

  • Carbo Ceramics tops Street 4Q forecasts Thursday, 29 Jan 2015 | 5:09 AM ET

    HOUSTON _ Carbo Ceramics Inc. on Thursday reported fourth-quarter earnings of $399,000. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 64 cents per share. Carbo Ceramics shares have declined 20 percent since the beginning of the year.

  • Kirby beats Street 4Q forecasts Wednesday, 28 Jan 2015 | 6:21 PM ET

    HOUSTON _ Kirby Corp. on Wednesday reported fourth-quarter earnings of $68.1 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $1.17 per share. Analysts expected $576.6 million, according to Zacks.

  • Camden reports 4Q results Wednesday, 28 Jan 2015 | 6:10 PM ET

    HOUSTON _ Camden Property Trust on Wednesday reported a key measure of profitability in its fourth quarter. The average estimate of analysts surveyed by Zacks Investment Research was for funds from operations of $1.02 per share. Analysts expected $215.8 million, according to Zacks.

  • Between the 2009 and 2013 fiscal years, funding for a wide swath of discretionary grant programs, from Head Start preschool education to anti drug initiatives, fell by an average of 40 percent in Republican-leaning states like Texas and Mississippi. By contrast, funding to Democratic-leaning states such as California and politically competitive swing...