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Metropolitan areas in Texas saw the fastest economic growth as the recovery took hold in 2011, according to federal data released Friday. » Read More |
"This is the last thing we want to see happen," said Annise Parker, Mayor of Houston, Texas, discussing how a port strike will impact her city. "It's time to move forward to a new agreement," she added. » Read More |
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The Saudi's investment in a Texas refinery's expansion is meant to ensure that it will retain an important market for its crude in the United States at a time when American politicians intend to wean the country off imported oil, The New York Times reports.
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HOUSTON-- Homeland Security Secretary Janet Napolitano says a new congressional budget should ease the need to furlough or cut overtime hours for border agents.
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*Justice Department alerts victims to possible resentencing. WASHINGTON/ NEW YORK, April 4- Jeffrey Skilling, the former Enron Corp chief executive serving a 24- year prison term over the energy company's spectacular collapse, may get a chance to leave prison early.
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HOUSTON-- Energy company Harvest Natural Resources Inc. says it will need to restate some financial results published between 2010 and 2012..
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*Justice Department alerts victims to possible resentencing. WASHINGTON/ NEW YORK, April 4- Jeffrey Skilling, the former Enron Corp chief executive serving a 24- year prison term over the energy company's spectacular collapse, may get a chance to leave prison early.
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HOUSTON-- After two Texas prosecutors were slain in two months, law enforcement agencies across the state are considering steps to better protect attorneys who go after violent criminals, including providing round-the-clock security details and withholding personal information from public records.
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HOUSTON, April 3- Exxon Mobil Corp on Wednesday was digging out oiled lawns to replace them with fresh sod in an Arkansas neighborhood where a crude oil pipeline ruptured last week, but the line remained shut with no estimate of when it would restart, the company said.
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HOUSTON-- Crest Financial Ltd., the largest minority shareholder of Clearwire Corp., is offering the wireless operator $240 million in debt financing, which would free it up to consider options beyond a takeover offer from Sprint Nextel Corp..
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When the Mississippi Legislature recently voted to legalize home brewing, the move left Alabama as the only state where the procedure is illegal. Supporters argued that many in Alabama are already making their own beer. McCutcheon said it doesn't make sense for Alabama to restrict people from pursuing a hobby that the federal government and 49 states allow.
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DUBAI/ KHOBAR, April 3- Saudi Arabia is unlikely to produce much shale gas this decade, hampered by scarce water and prices fixed far below production costs, but it has the reserves, the desire and the potential to become a shale giant one day.
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LITTLE ROCK/ HOUSTON, April 2- U.S. pipeline regulators on Tuesday ordered Exxon Mobil Corp to take necessary corrective action for its ruptured pipeline that spilled thousands of barrels of crude oil into a small Arkansas housing development last week.
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*Arkansas AG asks Exxon to keep all documents on spill. LITTLE ROCK/ HOUSTON, April 2- Arkansas on Tuesday launched an investigation into an Exxon Mobil pipeline rupture that spilled thousands of barrels of crude oil into a housing development last week, just as forecast rain was expected to complicate the clean-up.
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*US, China factory data; weaker supply-demand disappoints Cyprus bailout still a threat as Europe closed for Easter. NEW YORK, April 1- Grains and metals markets extended their tumble into the second quarter, with corn and copper hitting nine-month lows on Monday amid weaker supply-demand fundamentals and disappointing U.S. and Chinese manufacturing data.
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*Saudi Arabia predicts robust demand from Asia. NEW YORK, April 1- Brent crude rose above $111 a barrel in choppy trading on Monday as Saudi Arabia predicted robust demand from Asia, while U.S. crude prices fell as a pipeline leak in Arkansas threatened to increase the glut of oil in the U.S.
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*Most European markets closed for Easter Monday. NEW YORK, April 1- U.S. equities traded lower and oil prices were mixed on Monday after surveys showed U.S. and Chinese manufacturing in March expanded less than economists had expected. Major European markets were closed for Easter Monday while several exchanges were shut in Asia, tamping down trading activity.
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HOUSTON, April 1- An Exxon Mobil Corp crude oil pipeline that ruptured and spewed thousands of barrels of oil into an Arkansas subdivision remained shut on Monday as cleanup efforts continued with no word on when it would be fixed and restarted. Exxon spokesman Charles Engelmann declined to speculate on when excavation would start.
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*$1.5 billion in asset sales so far. HOUSTON, April 1- Chesapeake Energy Corp is on track to stay within its budget for the year, Steve Dixon, the natural gas company's newly appointed interim chief executive officer, said on Monday.
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*Most European markets closed for Easter Monday. NEW YORK, April 1- U.S. equities mostly traded lower and oil prices fell on Monday after surveys showed U.S. and Chinese manufacturing in March expanded less than economists had expected. Major European markets were closed for Easter Monday while several exchanges were shut in Asia, tamping down trading activity.
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Israel moved closer to its goal of energy independence as natural gas from a large offshore field began flowing into the country, a harbinger of important change that will benefit the country.
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HOUSTON, April 1- Chesapeake Energy Corp is on track to make its budget for the year, Steve Dixon, the company's newly appointed interim chief executive officer, said on Monday.