New Mexico


  • *China Q3 growth slowest since 2009 but less weak vs forecast. Treasuries prices fell on Tuesday as less worrisome data on China and a report on the European Central Bank possibly moving to buy regional corporate bonds allayed some concerns about the global economy and reduced safe-haven bids for low-risk government debt. The ECB story catapulted us down from...

  • US rig count down 12 to 1,918 Friday, 17 Oct 2014 | 2:27 PM ET

    HOUSTON— Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. declined by 12 this week to 1,918.. Oklahoma decreased by seven rigs, New Mexico was down four, Alaska was off two and Arkansas, California and North Dakota each dropped one. Colorado, Kansas, Louisiana, Ohio, Pennsylvania and Utah were unchanged.

  • Eagle Materials drills further into energy sector Friday, 17 Oct 2014 | 9:19 AM ET

    DALLAS— Eagle Materials is moving further into the energy sector by buying a company that sells an ingredient crucial to the hydraulic fracturing techniques now widely used to extract oil and natural gas. "This acquisition will enable us to immediately serve the Permian basin, in particular, with increased production, while creating synergies with our other...

  • Virgin Galactic nears final phase of test flights Thursday, 16 Oct 2014 | 5:05 AM ET

    ALBUQUERQUE, N.M.— Virgin Galactic has reached another pair of milestones as it works toward the goal of beginning commercial flights from Spaceport America in southern New Mexico. CEO George Whitesides says the Federal Aviation Administration this week released its approval for the permit that will enable Virgin Galactic to restart powered flights.

  • Peanut farmers deal with fallout from salmonella Wednesday, 15 Oct 2014 | 11:47 AM ET

    ALBUQUERQUE, N.M.— There will be significantly fewer peanuts pulled from the ground in eastern New Mexico this harvest season because of lingering fallout from the bankruptcy and sale of a peanut-processing plant that was at the heart of a 2012 salmonella outbreak and nationwide recall. Grown along the New Mexico- Texas border, the sweet variety is coveted for...

  • WGN America orders second season of 'Manhattan' Wednesday, 15 Oct 2014 | 8:08 AM ET

    ALBUQUERQUE, N.M.— Executives at WGN America have ordered another season of the TV drama " Manhattan." Cherniss says writer-producer Sam Shaw and director Thomas Schlamme have brought to life the World War II-era Manhattan Project in a brilliant way. At its peak, the Manhattan Project employed 130,000 workers, but it was kept largely secret and out of public view.

  • NM to offer state land for new solar power plants Wednesday, 15 Oct 2014 | 5:01 AM ET

    SANTA FE, N.M.— The State Land Office is accepting bids from companies interested in developing what would be New Mexico's largest solar power plant. Land Commissioner Ray Powell wants to lease four square miles of state trust land in southern New Mexico for the development of a 150- megawatt solar plant. Qualified bidders will compete for the lease during a Jan. 5...

  • US rig count up 8 to 1,930 Friday, 10 Oct 2014 | 1:56 PM ET

    HOUSTON— Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. increased by eight this week to 1,930.. Of the major oil- and gas-producing states, New Mexico gained three rigs, Ohio, West Virginia and Wyoming each increased by two and Kansas, Texas and Utah each gained one. North Dakota lost seven rigs,...

  • Suit: Cold Burger King onion rings sparked attack Thursday, 9 Oct 2014 | 11:20 AM ET

    BLOOMFIELD, N.M.— A New Mexico man is suing Burger King after he says a manager attacked him for complaining about cold onion rings. KRQE-TV reports the lawsuit filed in state district court says Robert Deyapp was assaulted in June 2013 when he told a manager at the fast-food restaurant in the northwestern New Mexico city of Bloomfield about his cold order.

  • Oct 6- Inflation measures remain relatively stable, but the Federal Reserve needs to move to raise interest rates if price pressures increase quickly, a top Fed official said on Monday. "I don't think inflation is a risk today," said Kansas City Federal Reserve Bank President Esther George in response to a question after delivering a speech in Albuquerque, New...

  • HOUSTON, Oct 2- Occidental Petroleum Corp said on Thursday its board of directors has approved the spin-off of its California oil and natural gas business to its shareholders. Occidental, which has been moving its headquarters from Los Angeles to Houston, said about 80 percent of the outstanding shares of California Resources Corp will be distributed to its...

  • Oct 2- As bond traders began what they thought would be a quiet day last Friday, a simple headline crossed their screens: " William H. Gross joins Janus Capital." Several asset managers and traders wondered whether the news was about Pimco's co-founder, known to most on Wall Street simply as Bill Gross, or someone else with the same name. Clients immediately started...

  • The accord, resolving claims that date back as far as 50 years and marking the biggest U.S. legal settlement with a single tribe, will be formally signed at a ceremony on Friday in Window Rock, Arizona, the capital of the sprawling Navajo reservation.

  • Calpers exit could heap pressure on hedge fund fees Tuesday, 16 Sep 2014 | 5:07 PM ET

    BOSTON, Sept 16- The California Public Employees Retirement System handed fellow U.S. pension funds a hefty club to beat down hedge fund fees and demand better returns this week when it voted to pull out of hedge funds entirely, investors said.

  • DENVER, Sept 15- The deep injection of wastewater underground by energy companies during methane gas extraction has caused a dramatic rise in the number of earthquakes in Colorado and New Mexico since 2001, U.S. government scientists said in a study released on Monday.

  • CARSON CITY, Nevada, Sept 11- Nevada lawmakers on Thursday moved forward a package of bills to provide $1.3 billion in tax breaks and other incentives to Tesla Motors, taking crucial steps toward clinching a deal for the electric car company to build a massive factory in the state.

  • CARSON CITY, Nev., Sept 9- Nevada lawmakers are set to convene a special legislative session in Carson City on Wednesday to consider a package of tax breaks estimated at up to $1.3 billion aimed at cementing a deal with Tesla Motors Inc for a $5 billion battery plant.

  • CARSON CITY, Nevada, Sept 4- Tesla Motors Inc has selected Nevada as the site for a $5 billion battery factory that will be key to its next generation of electric cars, Nevada Governor Brian Sandoval announced on Thursday. California, Texas, Arizona and New Mexico were also in competition for the plant.

  • Tesla picks Nevada for $5 billion battery plant Thursday, 4 Sep 2014 | 7:16 PM ET

    CARSON CITY, Nevada, Sept 4- Tesla Motors Inc has selected Nevada as the site for a $5- billion battery factory that will be key to its next generation of electric cars, Nevada Governor Brian Sandoval announced on Thursday.

  • -Charles Schwab Corp. has lost a $15 million arbitration case against Morgan Stanley, which it accused of improperly recruiting brokers from a Schwab San Francisco branch who left with confidential information. Schwab accused Morgan Stanley of maliciously organizing an "actionable raid" of the branch.