Texas
featured
Talk of a deal to take Dell computers private has shed a spotlight on founder Michael Dell's vast financial empire with an estimated value of $16 billion, The New York Times reports.
» Read More
More
-
*USDA cattle herd down about 1.6 pct yr-over-yr. The U.S. Department of Agriculture on Friday said the U.S. cattle herd as January 1 was 89.30 million head, down 1.6 percent from a year earlier and the smallest U.S. herd since 1952. Analysts expected a 1.8 percent decline.
-
FORT WORTH, Texas-- American Airlines parent AMR Corp. has asked a federal judge for another extension, until April 15, to file a bankruptcy-reorganization plan. AMR has exclusive rights through March 11 to file a plan of reorganization and had already asked the court for permission to extend that right until April 1.
-
*Marathon now owner of refinery with deadly past under BP. HOUSTON, Feb 1- Marathon Petroleum Corp on Friday closed its $2.4 billion acquisition of BP Plc's Texas City, Texas, refinery, both companies said.
-
DALLAS-- American Airlines is facing a new investigation by federal officials over how seats were installed on one of its planes. The New York Post reported this week that an American Airlines maintenance crew in New York discovered seats that were about 2 inches out of line and could have prevented emergency doors from opening properly.
-
*Pemex a byword in Mexico for accidents and oil theft. MEXICO CITY, Feb 1- Rescue workers pulled out more bodies from debris at the headquarters of Mexican state oil giant Pemex on Friday after a powerful explosion killed at least 33 people and threw a spotlight onto the state-run company's poor safety record.
-
NEW YORK-- Shares of The Men's Wearhouse Inc. slipped Friday after a Cowen& Co. analyst downgraded the stock, saying he is concerned about the retailer's sales and its profit margins. Kernan said he now expects Men's Wearhouse to earn $2.76 per share in the current fiscal year, down 8 cents from his previous estimate.
-
HOUSTON/ SAN FRANCISCO, Feb 1- Renewed strength in refining and chemicals led to higher-than-expected fourth-quarter earnings for Exxon Mobil Corp and Chevron Corp, the two largest U.S. oil companies.
-
Chevron Corp., the second largest U.S. oil and gas company, posted a sharp increase in earnings for the fourth quarter on higher production, better refinery performance, and a gain from an asset swap that increased the company's position in a gas field in Australia. Fourth quarter net income jumped 41 percent to $7.2 billion on revenue of $60.6 billion.
-
NEW YORK, Feb 1- Dell Inc is edging closer to an agreement to sell itself to a buyout consortium led by Michael Dell, its founder and chief executive, and private equity firm Silver Lake Partners in a deal that could top $24 billion, people familiar with the matter said on Friday.
-
NEW YORK-- Shares of SandRidge Mississippian Trust II tumbled Friday after the owner of oil and natural gas wells announced a lower-than-expected distribution for the fourth-quarter because of a drop in sales volumes.
-
NEW YORK, Feb 1- Michael Dell, the chief executive and founder of the world's No. 3 PC maker, is negotiating taking Dell Inc private together with his partners at $13 to $14 per share, two people familiar with the matter said on Friday.
-
Feb 1- Tyson Foods Inc, the largest U.S. meat company, raised its full-year revenue forecast above analysts' average estimate as strong beef and chicken prices help offset grain costs pushed higher by last summer's historic U.S. drought.
-
HOUSTON-- National Oilwell Varco Inc. said on Friday that its fourth-quarter profit rose 16.4 percent as profits grew for its oil rig parts and services. The company earned $668 million, or $1.56 per share, for the quarter that ended Dec. 31.
-
HOUSTON/ SAN FRANCISCO, Feb 1- Strength in refining and chemicals led to higher-than-expected fourth-quarter earnings for Exxon Mobil Corp and Chevron Corp, the two largest U.S. oil companies.
-
Feb 1- Exxon Mobil Corp, the world's largest publicly traded oil company, on Friday reported a higher-than-expected 6 percent increase in quarterly profit on stronger results at its chemical and refining businesses.
-
SACRAMENTO, Calif.-- Hispanics will become the largest ethnic group in the nation's most populous state early next year, the California Department of Finance said Thursday, marking a big milestone in a long-running demographic shift that has already deeply altered the political balance of power, the economy and culture.
-
Feb 1- Exxon Mobil Corp, the world's largest publicly traded oil company, on Friday reported a higher-than-expected 6 percent increase in quarterly profit, helped by its chemical and refining businesses.
-
NEW YORK-- The Boy Scouts of America faces intensifying criticism from the left and right over a proposal to move away from a mandatory no-gays membership policy and allow troop sponsors to decide the matter for themselves.
-
Feb 1- Exxon Mobil Corp, the world's largest publicly traded oil company, on Friday reported a 6 percent increase in quarterly profit, partly due to higher refining margins. The Irving, Texas company said profit in the fourth quarter was $9.95 billion, or $2.20 per share, compared with $9.4 billion, or $1.97 per share, in the same period a year earlier.
-
NEW YORK-- Shares of Dell Inc. rose 7 percent in premarket trading on new reports that the computer company is nearing a deal to sell itself to a group including its CEO, a major private equity firm and Microsoft Corp. in a deal that could mark the largest leveraged buyout since the Great Recession.