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  • Phillips 66 beats 3Q profit forecasts Wednesday, 29 Oct 2014 | 10:07 AM ET

    HOUSTON— Phillips 66 on Wednesday reported earnings of $1.18 billion in its third quarter. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $1.69 per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • Shell Midstream surges in 1st day on NYSE Wednesday, 29 Oct 2014 | 6:42 AM ET

    HOUSTON— Shell Midstream Partners LP is soaring in its debut on the New York Stock Exchange. The master limited partnership, which was created by Royal Dutch Shell to own, run, develop and acquire pipelines and other midstream assets, priced the offering at $23 per unit. The Houston company's assets include stakes in Zydeco Pipeline Co., Mars Oil Pipeline Co., and...

  • HCC Insurance beats 3Q profit forecasts Wednesday, 29 Oct 2014 | 5:03 AM ET

    HOUSTON _ HCC Insurance Holdings Inc. on Wednesday reported net income of $140.3 million in its third quarter. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 98 cents per share. HCC Insurance shares have risen 10 percent since the beginning of the year.

  • Houston bus owner gets probation in 2008 crash Wednesday, 29 Oct 2014 | 1:31 AM ET

    HOUSTON— The owner of a Houston bus company who was charged after a 2008 crash that killed 17 passengers on their way to a religious retreat has avoided prison after a federal judge sentenced him to three years of probation in a plea agreement. Le's 62- year-old mother, Catherine Tuong So Lam, was one of 55 members of Houston's Vietnamese Catholic community who had...

  • Oct 28- Shell Midstream Partners LP, a master limited partnership formed by Royal Dutch Shell Plc, priced its enlarged initial public offering of 40 million units at $23 per unit, above its expected price range of $19- $21 per unit. Shell Midstream owns stakes in four onshore and offshore pipelines in Texas and Louisiana. This includes a 43 percent stake in a crude...

  • Western Gas to buy Nuevo Midstream for $1.5B Tuesday, 28 Oct 2014 | 6:04 PM ET

    HOUSTON— Western Gas Partners LP said Tuesday that it will acquire natural gas gatherer and processor Nuevo Midstream LP for $1.5 billion. Western Gas Partners, a limited partnership formed by Anadarko Petroleum Corp., said that the deal will add to its distributable cash flow per unit in 2015.. Western Gas Partners' units rose $1.01 to close at $73.96 and added...

  • Secretary of State John Kerry said on Tuesday during a visit to Canada that he would like to make a decision soon on TransCanada Corp's Keystone XL crude oil pipeline. TransCanada has waited more than six years for the Obama administration to make a decision on the line, which would take as much as 830,000 barrels per day of Alberta tar sands crude to refineries on...

  • Noble misses Street 3Q forecasts Tuesday, 28 Oct 2014 | 7:36 AM ET

    HOUSTON _ Noble Energy Inc. on Tuesday reported earnings of $419 million in its third quarter. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 36 cents per share. Analysts expected $1.29 billion, according to Zacks.

  • Oct 27- U.S. oil prices rebounded after tumbling to a 28- month low below $80 per barrel on Monday as short-covering helped offset earlier losses triggered by Goldman Sachs slashing its price forecasts. Citing rising production and insufficient demand, Goldman Sachs cut its forecast for Brent to $85 a barrel from $100 for the first quarter of 2015 and reduced...

  • BUSINESS-NEWS-SCHEDULE AT 1330 GMT /9.30 AM ET Monday, 27 Oct 2014 | 10:08 AM ET

    MILAN- Italy's Monte dei Paschi di Siena is likely to try to plug a capital shortfall uncovered by Europe- wide stress tests through asset sales and possibly another cash call, but longer term a takeover could be inevitable. LONDON- Europe's banking healthcheck showed countries and lenders are implementing global capital rules at vastly different speeds, and...

  • Susser Petroleum Partners changes name to Sunoco Monday, 27 Oct 2014 | 6:51 AM ET

    HOUSTON— Susser Petroleum Partners LP has changed its name to Sunoco LP. The "SUN" ticker symbol was used on the NYSE for nearly 87 years until Sunoco Inc. was sold to Energy Transfer Partners LP in 2012, Sunoco CEO Bob Owens said in a statement. The transaction gave Energy Transfer Partners ownership of the general partner interest and incentive distribution...

  • US rig count up 9 to 1,927 Friday, 24 Oct 2014 | 3:18 PM ET

    HOUSTON— Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. rose by nine this week to 1,927.. Of the major oil- and gas-producing states, Texas gained eight rigs, New Mexico increased five, West Virginia was up three, while Arkansas, California and Ohio gained two apiece. Kansas declined by four,...

  • Oct 15- Another proposed U.S. corporate tax "inversion" deal collapsed on Friday when Irish food group Fyffes Plc and larger U.S. rival Chiquita Brands International Inc called off an agreement to combine. It was the fourth such deal to unravel since the Treasury Department on Sept. 22 cracked down on inversions, deals in which a U.S. company acquires or sets up a...

  • Cabot misses Street 3Q forecasts Friday, 24 Oct 2014 | 7:39 AM ET

    HOUSTON _ Cabot Oil& Gas Corp. on Friday reported third-quarter earnings of $100.8 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 23 cents per share. Analysts expected $516.3 million, according to Zacks.

  • LyondellBasell beats Street 3Q forecasts Friday, 24 Oct 2014 | 6:15 AM ET

    HOUSTON _ LyondellBasell Industries on Friday reported third-quarter earnings of $1.26 billion. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $2.28 per share. Analysts expected $11.71 billion, according to Zacks.

  • Forum Energy tops Street 3Q forecasts Friday, 24 Oct 2014 | 5:03 AM ET

    HOUSTON _ Forum Energy Technologies Inc. on Friday reported earnings of $52.2 million in its third quarter. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 47 cents per share. Analysts expected $443.9 million, according to Zacks.

  • Weingarten Realty reports 3Q results Thursday, 23 Oct 2014 | 5:30 PM ET

    The average estimate of analysts surveyed by Zacks Investment Research was for funds from operations of 50 cents per share. Analysts expected $127.2 million, according to Zacks. Weingarten Realty expects full-year funds from operations in the range of $2.01 to $2.03 per share.

  • Southwestern Energy misses Street 3Q forecasts Thursday, 23 Oct 2014 | 5:15 PM ET

    HOUSTON _ Southwestern Energy Co. on Thursday reported net income of $211 million in its third quarter. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 52 cents per share. Analysts expected $988.2 million, according to Zacks.

  • Stewart Information Services posts 3Q profit Thursday, 23 Oct 2014 | 10:48 AM ET

    HOUSTON _ Stewart Information Services Corp. on Thursday reported earnings of $23.7 million, or 97 cents per share, in its third quarter. The company, based in Houston, posted revenue of $508.1 million in the period. Stewart Information Services shares have decreased slightly more than 2 percent since the beginning of the year.

  • Group 1 Automotive tops Street 3Q forecasts Thursday, 23 Oct 2014 | 9:12 AM ET

    HOUSTON _ Group 1 Automotive Inc. on Thursday reported earnings of $26.2 million in its third quarter. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $1.44 per share. Analysts expected $2.58 billion, according to Zacks.