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The Saudi's investment in a Texas refinery's expansion is meant to ensure that it will retain an important market for its crude in the United States at a time when American politicians intend to wean the country off imported oil, The New York Times reports.
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DALLAS-- Southwest Airlines Co. said Friday that a key revenue measure was flat in March, another sign that airlines are struggling to sell more high-fare tickets. Southwest, which owns AirTran Airways, said that traffic on the two carriers rose 4 percent last month compared with a year earlier, as passengers flew 9.44 billion miles.
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SAN ANTONIO-- Refinery operator Valero Energy Corp. said Friday that its board approved the spinoff of its gas station and convenience store business, CST Brands. CST Brands Inc. will be an independent, publicly traded company with about 1,900 locations in the U.S. and Canada. Shares will trade on the New York Stock Exchange under the ticker symbol "CST."
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The Saudi's investment in a Texas refinery's expansion is meant to ensure that it will retain an important market for its crude in the United States at a time when American politicians intend to wean the country off imported oil, The New York Times reports.
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*CME sounds out Chile as location for copper warehouses. LONDON/ NEW YORK, April 5- U.S. exchange operator CME Group is sounding out Chile as the location for a network of warehouses as its copper contract takes market share from the London Metal Exchange, sources familiar with the matter said.
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But Fidelity Investments and Charles Schwab Corp are paying these financial advisers as much as 0.25 percent of the assets that their clients put in no-transaction-fee mutual funds.
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HOUSTON-- Homeland Security Secretary Janet Napolitano says a new congressional budget should ease the need to furlough or cut overtime hours for border agents.
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ALBUQUERQUE, N.M.-- A collection of gold and jewels that a retired Santa Fe art dealer says he stashed in the mountains north of Santa Fe has generated so much interest from amateur treasure hunters that some have put their lives in jeopardy or been cited for illegally digging on public lands.
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Blackstone Group will visit Dell's headquarters to begin an in-depth analysis of the company, sources said, a strong sign the buyout firm is proceeding with an offer that could upset founder Michael Dell's $24.4 billion buyout bid.
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NEW YORK-- Southwest Airlines Co. said Thursday that it obtained a $1 billion, 5- year revolving credit arrangement this week. Southwest said that rates will be based on either the London interbank offered rate, known as Libor; or the highest of the prime rate, the 1- month Libor plus 1 percent, or the federal funds effective rate plus 0.5 percent.
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*Justice Department alerts victims to possible resentencing. WASHINGTON/ NEW YORK, April 4- Jeffrey Skilling, the former Enron Corp chief executive serving a 24- year prison term over the energy company's spectacular collapse, may get a chance to leave prison early.
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**Deutsche Telekom is looking into improving the terms of a proposed merger of its T-Mobile USA unit with MetroPCS Communications PCS.N as a last resort to win over shareholders ahead of a vote on the deal next week, two people familiar with Deutsche Telekom's thinking said.
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WASHINGTON, April 4- Cordis Corp, a Johnson and Johnson subsidiary, did not infringe on a patent owned by a radiologist in making its Cypher stents, an appeals court said on Thursday, reversing a ruling by a lower court that ordered Cordis to pay $482 million.
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*Report says levy could rise to C $40/ tonne from C $15. CALGARY, Alberta, April 4- Alberta is considering a major increase in the carbon levy it charges oil producers as it seeks to show Washington that it is serious about meeting emission-reduction goals, while promoting the contentious Keystone XL pipeline to Texas refineries.
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WASHINGTON, April 4- Cordis Corp, a Johnson and Johnson subsidiary, did not infringe upon a stent patent owned by a radiologist, an appeals court said on Thursday, reversing a ruling by a lower court which had ordered Cordis to pay $482 million. The case at the U.S. Court of Appeals for the Federal Circuit is Bruce Saffran v.
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HOUSTON-- Energy company Harvest Natural Resources Inc. says it will need to restate some financial results published between 2010 and 2012..
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*Justice Department alerts victims to possible resentencing. WASHINGTON/ NEW YORK, April 4- Jeffrey Skilling, the former Enron Corp chief executive serving a 24- year prison term over the energy company's spectacular collapse, may get a chance to leave prison early.
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CALGARY, Alberta, April 4- Alberta is considering a major increase in the carbon levy it charges oil producers as it seeks to show Washington it is serious about meeting emission-reduction goals, while promoting the contentious Keystone XL pipeline to Texas refineries.
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HOUSTON-- After two Texas prosecutors were slain in two months, law enforcement agencies across the state are considering steps to better protect attorneys who go after violent criminals, including providing round-the-clock security details and withholding personal information from public records.
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CHICAGO, April 4- Cold and wet weather in the U.S. "Temperatures will remain cold and it definitely will keep soil temperatures low, so plantings will remain behind normal," said Don Keeney, a meteorologist for MDA Weather Services. Texas and southwest Oklahoma will remain dry, "Keeney said.
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HOUSTON, April 3- Exxon Mobil Corp on Wednesday was digging out oiled lawns to replace them with fresh sod in an Arkansas neighborhood where a crude oil pipeline ruptured last week, but the line remained shut with no estimate of when it would restart, the company said.