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  • 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,...

  • US Airways flight returns to Austin, landing gear issue Thursday, 29 Jan 2015 | 12:10 PM ET

    AUSTIN, Texas— A US Airways flight bound for North Carolina has safely returned to Austin-Bergstrom International Airport with a possible landing gear issue. Spokesman Matt Miller says nobody was injured in Thursday's incident with Flight 5634, operated by Mesa Airlines. Miller says the CRJ-900 regional jet was heading for Charlotte, North Carolina, when a...

  • Jan 29- U.S. refiners Valero Energy Corp and Phillips 66 reported better-than-expected quarterly profits as they processed more cheap crude oil amid buoyant demand for gasoline. U.S. gasoline demand rose 8 percent to 8.89 million barrels per day over the past four weeks, the U.S. Energy Information Administration said on Wednesday. San Antonio- based Valero...

  • Perry's pet fund for Texas startups a goner under Abbott Thursday, 29 Jan 2015 | 11:37 AM ET

    Greg Abbott began dismantling a flagship initiative of his predecessor Thursday, saying he will abolish Rick Perry's pet program that gave $200 million in taxpayer dollars to Texas startups and was beset by bankruptcies and questionable claims of success. Texas lost tens of millions of dollars investing in failed high-risk startups and the fund's inner...

  • Jan 29- U.S. refiners Valero Energy Corp and Phillips 66 reported better-than-expected quarterly profits as they processed more cheap crude oil at a time when demand for gasoline increases. San Antonio- based Valero said net income from continuing operations attributable to stockholders fell to $1.22 billion, or $2.22 per share, for the quarter ended Dec. 31...

  • Cash America misses Street 4Q forecasts Thursday, 29 Jan 2015 | 9:27 AM ET

    FORT WORTH, Texas _ Cash America International Inc. on Thursday reported fourth-quarter net income of $22 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 38 cents per share. Cash America shares have declined almost 7 percent since the beginning of the year.

  • LONDON, Jan 29- U.S. commercial crude oil stocks last week hit their highest level since 1931- when the opening of giant oil fields in the United States coincided with the Great Depression to create an enormous glut and sent prices tumbling to just 13 cents per barrel. In October 1929, U.S. commercial crude stocks peaked at a staggering 545 million barrels, following...

  • 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.

  • Valero Energy tops Street 4Q forecasts Thursday, 29 Jan 2015 | 8:21 AM ET

    SAN ANTONIO— Valero Energy Corp. on Thursday reported fourth-quarter earnings of $1.16 billion. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $1.21 per share. Analysts expected $25.14 billion, according to Zacks.

  • 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...

  • Refiner Valero Energy's profit falls 5 pct Thursday, 29 Jan 2015 | 8:05 AM ET

    Jan 29- U.S. refiner Valero Energy Corp reported a 5 percent fall in quarterly income, hurt by a narrower spread between Brent and WTI crude and a drop in operating profit at its ethanol business. San Antonio- based Valero said net income from continuing operations attributable to stockholders fell to $1.22 billion, or $2.22 per share, for the quarter ended Dec. 31...

  • 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.

  • Backers see a changing landscape that includes a Congress controlled by Republicans generally viewed as more receptive to oil exports, and some signs the Obama administration will consider modifications to the longstanding policy that bans exports of raw crude. The ban is a relic of the 1970 s, after an OPEC oil embargo led to fuel rationing, high prices and...

  • Jan 28- The private equity firm TPG Capital LP has sued former spokesman Adam Levine, accusing him of taking confidential documents and distributing them to the New York Times and other media after being denied a promotion to a partnership position. In a complaint filed on Wednesday with the U.S. District Court in Fort Worth, Texas, TPG said Levine has held onto his...

  • Capstead misses 4Q profit forecasts Wednesday, 28 Jan 2015 | 6:51 PM ET

    DALLAS _ Capstead Mortgage Corp. on Wednesday reported fourth-quarter profit of $33.5 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 33 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • 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.

  • Cirrus Logic tops Street 3Q forecasts Wednesday, 28 Jan 2015 | 4:42 PM ET

    AUSTIN, Texas _ Cirrus Logic Inc. on Wednesday reported fiscal third-quarter net income of $22.7 million. Analysts expected $275.7 million, according to Zacks. For the current quarter ending in March, Cirrus Logic said it expects revenue in the range of $220 million to $240 million.