GO
Loading...

Texas

More

  • HOUSTON, Jan 31- Union negotiators rejected the latest offer from oil companies covering workers at 63 U.S. refineries on Saturday night, just hours before a strike deadline, according to a message sent to union members. This is the fourth contract proposal rejected by the USW since negotiations for a new three-year agreement began on Jan. 21.

  • The Exxon Mobil Corp refinery in Beaumont, Texas, received a strike notice on Friday night, according to the company. The Beaumont plant was the only Exxon refinery to receive a notice. Royal Dutch Shell Plc and Motiva Enterprises refineries have not received strike notices, a spokesman said on Saturday.

  • HOUSTON, Jan 31- The United Steelworkers union issued notices of a possible strike to several U.S. refineries on Friday night as the current national contract was set to expire at 12:01 a.m. on Sunday, sources familiar with the notices said on Saturday. The Exxon Mobil refinery in Beaumont, Texas, received a strike notice on Friday, according to a press release...

  • US recalls 2.1M vehicles in new air bag issue Saturday, 31 Jan 2015 | 12:13 PM ET
    2003-2004 Toyota Corolla S

    The auto industry's troubles deepened as regulators said automakers will recall about 2.1 million older vehicles to fix airbag defects.

  • Toyota Motor Corp, Fiat Chrysler Automobiles NV and Honda Motor Co have issued three earlier recalls to fix problems with a defective chip in the affected airbag systems. The latest air bag recalls were not related to a wider issue involving millions of vehicles recalled over Takata Corp air bags. U.S. safety regulators have said defective Takata air bag...

  • Counties want to weigh in on pipeline permitting process Saturday, 31 Jan 2015 | 11:28 AM ET

    SIOUX FALLS, S.D.— South Dakota counties that would be affected by a proposed pipeline to carry oil from western North Dakota to refineries in eastern states want to weigh in on the state's decision to approve the project. "We've got a lot of serious issues to work out, and we haven't gotten a lot of good answers," said Lincoln County Commissioner Jim Schmidt, who was...

  • The government says more than 2 million Toyota, Chrysler and Honda vehicles need a second fix for air bags that may inadvertently inflate while the car is running. Carmakers originally tried to fix the defects by partially replacing the electronic control unit, made by TRW Automotive Holdings Corp. of Livonia, Mich., but that fix didn't always work.

  • Final decisions are not imminent in the efforts to find successors to Philadelphia Fed President Charles Plosser, who steps down March 1, and Richard Fisher of the Dallas Fed, who retires on March 19. James McAndrews, who heads up research at the neighboring New York Fed, was considered for the job in Philadelphia, where he once worked. Regular golfing partners,...

  • WASHINGTON, Jan 30- Food distributor Sysco Corp and its biggest rival, US Foods Inc, have offered to sell a smaller competitor 11 facilities in order to convince skeptical antitrust regulators to approve their $3.5 billion merger, a source briefed on the matter told Reuters. The deal, proposed in December 2013, is seen as problematic because Sysco and US Foods are...

  • IRVING, Texas— Exxon Mobil Corp. has updated its corporate policies to protect employees from discrimination for sexual orientation or gender identity. Spokesman Allan Jeffers said Friday that the Irving, Texas- based oil giant added these protections to comply with federal law. Exxon Mobil, which has federal contracts worth millions of dollars, had said it...

  • The largest IPO of the bunch, surpassing even Shake Shack, was InfraREIT Inc. The company's offering priced above expectations and raised $460 million before expenses, sending the shares higher in afternoon trading. Its IPO of 20 million shares priced at $23 per share, and the stock gained $3.60, or 15.7 percent, to $26.60. Spark Therapeutics Inc. is studying gene...

  • DETROIT, Jan 30- The United Auto Workers union and Navistar International Corp have reached a tentative four-year contract agreement, the union said on Friday. Workers at Navistar, a vehicle and engine manufacturer, will now vote on whether to accept the terms of the contract, which were not released publicly. There are 1,800 UAW-represented Navistar workers in...

  • Lawsuit: Exploding air bag killed Texas man Friday, 30 Jan 2015 | 4:20 PM ET

    HOUSTON— The family of a Texas man who died in a minor traffic accident is alleging in a lawsuit that their loved one is the latest person to be killed by shrapnel shooting out of exploding air bags made by Takata Corp. of Japan. Carlos Solis, 35, died on Jan. 18 in a minor crash in a Houston suburb. Takata is under fire for air bag inflators that can explode, shooting out...

  • Goodrich Petroleum cuts oil drilling in La. and Miss. Friday, 30 Jan 2015 | 12:59 PM ET

    JACKSON, Miss.— Low oil prices mean the driller that has been the most bullish on an oil region that straddles the Louisiana- Mississippi line is cutting back. Goodrich Petroleum Corp., based in Houston, said Friday that it will spend $80 million to $100 million on exploration and drilling this year, down from $150 million to $200 million it had previously projected.

  • DALLAS— Pilots at American Airlines and US Airways have approved a single labor contract, a step toward combining workforces at the two carriers, which merged in December 2013. Pilots at American and US Airways will get the retroactive pay raises plus annual raises of 3 percent through 2019. The contract does not include profit-sharing, which pilots get at...

  • NEW YORK— Wall Street went wild for burgers Friday. It had initially forecast that its shares would fetch $14 to $16 per share from investors, and raised that prediction to $17 to $19 per share on Wednesday as demand grew. Its journey from a hot dog cart in Manhattan's Madison Square Park to Wall Street started in 2001. Three years later, Union Square Hospitality...

  • WILLISTON, N.D., Jan 29- Occidental Petroleum Corp Chief Executive Stephen Chazen quipped on Thursday that his larger rival Chevron Corp was too poor to buy the No. 4 U.S oil producer, but the offhand remark sent Oxy's stock up anyway. Wolfe Research's Paul Sankey said. Laughter was audible in the background, but eyebrows were raised by the mention of a specific...

  • Senate roll call vote on the Keystone XL Pipeline Thursday, 29 Jan 2015 | 5:49 PM ET

    The 62-36 roll call Thursday by which the Senate passed a bill approving the construction of the Keystone XL Pipeline Act. Baldwin, Wis.; Blumenthal, Conn.; Booker, N.J.; Boxer, Calif.; Brown, Ohio; Cantwell, Wash.; Cardin, Md.; Coons, Del.; Durbin, Ill.; Feinstein, Calif.; Franken, Minn.; Gillibrand, N.Y.; Heinrich, N.M.; Hirono, Hawaii; Kaine, Va.; Klobuchar, Minn.; Leahy, Vt.; Markey, Mass.; Menendez, N.J.;...

  • DALLAS— Shares of Hawaiian Airlines' parent fell sharply in extended trading Thursday after the company said a key revenue measure would decline in the first quarter. Hawaiian Holdings Inc. reported fourth-quarter net income of $11 million, or 17 cents per share, down from year-ago earnings of $17 million, or 31 cents per share. Excluding costs of fuel-hedging...

  • DETROIT, Jan 29- Honda Motor Co said on Thursday that a driver was killed last week in a Houston suburb in a 2002 Accord equipped with a Takata Corp air bag that may have ruptured. The Harris County Sheriff is investigating the crash, which occurred Jan. 18 in Spring, Texas, north of Houston, and identified the driver as 35- year-old Carlos Solis. Takata's handling of air...