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  • Reports: Google planning to sell wireless phone service Wednesday, 21 Jan 2015 | 9:35 PM ET

    SAN FRANCISCO— Google is planning to sell wireless phone service directly to consumers using the networks of Sprint and T-Mobile, according to reports published Wednesday. If everything falls into place, Google Inc. could offer discounted wireless data plans that would pressure other major carriers to offer better deals and services or risk losing...

  • Jan 21- Motiva Enterprises confirmed on Wednesday that maintenance activities had begun at its Port Arthur, Texas, refinery. The 600,250 barrel-per-day refinery, the largest in the United States, informed its neighbors about the scheduled work during the next several weeks, according to a message on a community information phone line on Wednesday.

  • Jan 21- Motiva Enterprises confirmed on Wednesday that maintenance activities had begun at its Port Arthur, Texas, refinery. The 600,250 barrel-per-day refinery, the largest in the United States, informed its neighbors about the scheduled work during the next several weeks, according to a message on a community information phone line on Wednesday.

  • WASHINGTON, Jan 21- Most U.S. states expect to hit their revenue targets this fiscal year, but at least six states say they could fall short, the National Conference of State Legislatures said on Wednesday. Alaska, Arizona, Kentucky, Massachusetts, Michigan, and Vermont all expect to miss their revenue forecasts, according to the report. New Mexico and Indiana are...

  • Staff launched a number of proposals at a meeting of the Financial Stability Oversight Council, a group of regulators that acts to identify which parts of the financial system are "too big to fail" and would threaten the overall system if they landed in trouble. The acknowledgement that the process could be improved comes at a critical time, as insurer MetLife...

  • Kinder Morgan names Kean CEO to succeed Richard Kinder Wednesday, 21 Jan 2015 | 5:31 PM ET

    HOUSTON— Kinder Morgan Inc. said Wednesday that its founder Richard Kinder will step down as CEO in June and serve as chairman of the company. Kinder Morgan announced separately that it is acquiring oil and gas processing company Hiland Partners in a deal worth $3 billion, including roughly $1 billion in debt. Kinder Morgan says the purchase will give it access...

  • Jan 21- Kinder Morgan Inc, the top U.S. pipeline company, on Wednesday said co-founder Rich Kinder will step down as chief executive this summer in a long-expected move. Last year, Kinder presided over an unusual $44 billion deal that folded the company's master limited partnerships under one publicly traded corporation, Kinder Morgan Inc. It now has a market...

  • Kinder Morgan acquires Hiland Partners Wednesday, 21 Jan 2015 | 5:11 PM ET

    HOUSTON— Kinder Morgan says it is acquiring oil and gas processing company Hiland Partners in a deal worth $3 billion, including roughly $1 billion in debt. Kinder Morgan says the deal will give it access to some of the Bakken's most attractive and economically viable areas. Kinder Morgan says the acquisition will add modestly to its cash available to pay...

  • Texas Capital meets 4Q profit forecasts Wednesday, 21 Jan 2015 | 5:01 PM ET

    DALLAS _ Texas Capital Bancshares Inc. on Wednesday reported fourth-quarter net income of $37.8 million. The average estimate of analysts surveyed by Zacks Investment Research was also for earnings of 78 cents per share. Analysts expected $137.9 million, according to Zacks.

  • SALT LAKE CITY— Two brothers of polygamous sect leader Warren Jeffs can cite their religion in refusing to answer some questions about suspected child labor violations on a Utah pecan farm, a federal judge ruled Wednesday. Nephi and Lyle Jeffs, considered high-ranking sect members, testified in a Salt Lake City courtroom that the doctrine of The...

  • WASHINGTON— Treasury Secretary Jacob Lew dismissed efforts in Congress to overhaul the nation's tax laws by lowering the top income tax rate paid by individuals, saying Wednesday that Democrats and Republicans are too far apart to forge such a sweeping package. Instead, Lew said, lawmakers should focus on simplifying taxes paid by businesses, an approach that...

  • Crown Castle beats Street 4Q forecasts Wednesday, 21 Jan 2015 | 4:33 PM ET

    HOUSTON _ Crown Castle International Corp. on Wednesday reported fourth-quarter net income of $148.1 million, after reporting a loss in the same period a year earlier. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 31 cents per share. For the current quarter ending in March, Crown Castle expects its per-share...

  • WASHINGTON, Jan 21- President Barack Obama's administration recently sent a blunt message to small business owners who worry tax reform could leave them paying higher income tax rates than corporations: Consider going corporate yourselves. In a closed-door meeting with lobbyists on Jan. 13, Treasury Secretary Jack Lew fielded questions on whether it would...

  • WASHINGTON— The Obama administration is moving closer to its goal of 9.1 million people signed up for private coverage under the president's health care law. The Health and Human Services Department says at least 400,000 people signed up last week. National figures should be significantly higher because the federal count doesn't include major states such...

  • WASHINGTON, Jan 21- The U.S. Supreme Court on Wednesday appeared torn as it weighed a major civil rights case that could narrow the scope of discrimination claims made under the landmark Fair Housing Act. The case concerns whether Texas violated the Fair Housing Act by disproportionately awarding low-income housing tax credits to developers who own...

  • It examined claims in 64 healthcare markets over three years and found the biggest price swings for hip surgery in Massachusetts, where the same type of care varied by more than 313 percent, from a low of $17,910 to a high of $73,987. The biggest gaps in total knee replacement surgery appeared in Dallas, Texas, where prices varied 267 percent from $16,772 to $61,584,...

  • LONDON, Jan 21- The eight states at the heart of the American shale oil revolution all grew faster than the U.S. national average over the last decade, according to the U.S. Bureau of Economic Analysis, underscoring the importance of oil production to the U.S. economy. North Dakota's private industry achieved a spectacular CAGR of 7.4 percent while Wyoming, Utah and...

  • Starboard makes recommendations to Insperity Wednesday, 21 Jan 2015 | 8:26 AM ET

    NEW YORK— Activist hedge fund Starboard Value LP said Wednesday that it has become Insperity's biggest shareholder, and says the human resources outsourcing company is deeply undervalued and should consider a possible sale of the company. In a letter to Insperity Chairman and CEO Paul Sarvadi, Starboard said that Insperity should reduce its corporate...

  • WASHINGTON— The Obama administration may need the vote of a frequent conservative antagonist on the Supreme Court to preserve a decades-old strategy for fighting housing discrimination. The court is considering a challenge from Texas officials to the use of so-called disparate impact lawsuits, which allege that even race-neutral lending or housing...

  • SAN FRANCISCO, Jan 20- A Texas company that makes brain-training games for children has settled a complaint over unsubstantiated health claims, the U.S. government said on Tuesday. The U.S. Federal Trade Commission said Focus Education claimed in an advertisement and on its website that it could permanently improve a child's focus, memory and school...