One Houston furniture retailer is promising refunds to customers if U.S. crude ends the year above $85 a barrel» Read More
--Group 1 Automotive Inc.' s credit measures, in our opinion, have the potential for continued modest improvement in the year ahead. --We are revising our' BB' rating outlook on Group 1 to positive from stable. Rating Action On Oct. 2, 2012, Standard& Poor's Ratings Services revised its rating outlook on Houston- based automotive retailer Group 1 Automotive Inc..
HOUSTON-- Shares of Genesis Energy LP fell after the oil and gas pipeline and refining company said an offering of 6 million units from its shareholders priced at a 7 percent discount to Monday's closing price. Units closed at $34.56 Monday and were priced at $32.15. Shares fell $1.25, or 3.6 percent, to $33.31 in afternoon trading Tuesday.
By Robin Paxton and Mariya Gordeyeva ASTANA, Oct 2- U.S. oil major ConocoPhillips. Asked on Tuesday whether ConocoPhillips would sell its stake in the consortium, Kazakh Oil and Gas Minister Sauat Mynbayev told reporters: "They have informed that they have the intention of selling."
HOUSTON-- A man accused of killing his ex-girlfriend in Houston and then driving hundreds of miles to dump her body in a West Texas oil field taped an interview about the case with the "Dr. Mark Augustin Castellano, a 37- year-old computer technician, has been charged with murder in the Sept. 22 death of 31- year-old Michelle Warner.
HOUSTON-- The electric power producer Dynegy Inc. has emerged from Chapter 11 bankruptcy protection. Dynegy filed for Chapter 11 in July after years of falling electricity prices and debt that surpassed $5 billion last year. As part of the restructuring, Dynegy Holdings and Dynegy Inc. were combined on Sept. 30.
Oct 2- Quanta Services Inc:. *Federal court order rules in favor of Quanta Services in patent infringement. *Houston court entered order finding that a product line sold by Liveline.
*U.S. office rents inch up 0.3 percent- Reis report. NEW YORK, Oct 2- The U.S. office market recovery remained stalled in the third quarter as uncertainty over the upcoming federal elections, U.S. tax policy and Europe's fiscal problems crimped job growth, keeping demand for office space limp and rent growth anemic.
Oct 1- U.S. power producer Dynegy Inc, which counts billionaire financier Carl Icahn among its shareholders, said on Monday it has emerged from Chapter 11, less than a month after winning court approval for its bankruptcy plan.
HOUSTON, Oct 1- Entergy Corp and ITC Holdings Corp took another step to advance Entergy's $1.78 billion plan to spin off its electric transmission business, late last week.
Oct 1- Leap Wireless International Inc:. *Savary Island and T-Mobile USA close spectrum exchanges. *Says Leap adds spectrum in Phoenix and Houston.
HOUSTON, Oct 1- Returning the damaged Crystal River nuclear unit in Florida to service could cost $3 billion and take eight years, according to an independent review of repair options commissioned by Duke Energy.
Irene Tse, who headed the North America operations of the Chief Investment Office, told the firm she is resigning to focus on "entrepreneurial ventures," according to a memo on Monday from Chief Operating Officer Matt Zames, a copy of which was obtained by Reuters.
--U.S.-based Tenet Healthcare Corp. is proposing to issue $500 million senior secured notes due 2020 and $300 million of unsecured notes due 2020. The company will use the proceeds to repay existing debt and for other purposes including acquisitions.
With Pocono officially back on the IndyCar schedule after a 23- year absence, Carpenter wanted to pick up as many tips as possible from someone with experience at "The Tricky Triangle." The return to Pocono is being celebrated as a nod to IndyCar's history and tradition.
--In conjunction with proceeds from Cheniere Energy Partners L.P.' s recent equity offering, SPLNG is redeeming its $550 million in 2013 notes.
HOUSTON-- Noble Energy says that Hurricane Isaac hurt its production, but its activity in the Gulf of Mexico is back to levels from before the storm. Based on this, Noble Energy Inc. now anticipates its quarterly volumes will be at the low end of its prior forecast for a range of 242 to 250 million barrels of oil equivalent per day.
Barrett, president and CEO of Community Newspaper Holdings Inc., in Montgomery, Ala., was elected during the group's meeting in Naples on Monday. The new treasurer is Gregg K. Jones, president and CEO of Jones Media in Greeneville, Tenn. He's co-publisher of The Greenville Sun.
HOUSTON-- Bedding company Mattress Firm Holding Corp. says some of its stockholders are planning to sell about 4.7 million shares of the company's common stock. Mattress Firm said Monday that it is not selling any shares in the proposed offering. The Houston company went public in November 2011 at $19 per share.
By Jilian Mincer and Steven C. Johnson. NEW YORK, Sept 30- U.S. stocks have more than doubled since the financial crisis and are closing in on a five-year high, but many Main Street investors have been absent from the party- especially those with the least saved.