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  • Retail gasoline prices tumble 12 cents in Texas Thursday, 25 Oct 2012 | 12:59 AM ET

    HOUSTON-- Retail gasoline prices have taken a tumble this week across Texas. AAA Texas on Thursday reported the statewide average price fell 12 cents to settle at $3.39 per gallon. The association survey found El Paso has the most expensive gasoline in Texas at $3.49 per gallon.

  • Group 1 Automotive 3Q profit rises 46 percent Thursday, 25 Oct 2012 | 12:40 AM ET

    Net income rose to $31.3 million, or $1.32 per share, matching the forecast of analysts surveyed by FactSet. A year earlier, the company earned $21.5 million, or 91 cents per share. The shares fell $3.19, or 5.2 percent, to $58.65 in midday trading.

  • *$3 billion bid tops offer from Nationstar Mortgage Holdings. Oct 24- Ocwen Financial Corp and Walter Investment Management Corp on Wednesday prevailed in a bankruptcy auction for Residential Capital LLC's mortgage business with a $3 billion bid that topped rival Nationstar Mortgage Holdings Inc..

  • American plans to hire 2,500 pilots Wednesday, 24 Oct 2012 | 10:42 PM ET

    DALLAS-- The CEO of American Airlines said the company expects to hire 2,500 pilots over the next five years as it ramps up international flights.

  • Trinity's 3Q profit soars but revenue falls short Wednesday, 24 Oct 2012 | 8:22 PM ET

    DALLAS-- Trinity Industries Inc.' s shares fell in after-hours trading Wednesday after the industrial manufacturer said that manufacturing investments would hurt its performance for the remainder of the year. The Dallas- based company's net income nearly doubled to $63.2 million, or 80 cents per share, for the period that ended Sept. 30.

  • FACTBOX-Fed officials' comments on U.S. economy, policy Wednesday, 24 Oct 2012 | 7:33 PM ET

    *SAN FRANCISCO FED PRESIDENT JOHN WILLIAMS, Oct. 15 ``In no way has our commitment to price stability wavered.''.

  • KBR posts 3Q loss as acquisition loses value Wednesday, 24 Oct 2012 | 7:08 PM ET

    HOUSTON-- Engineering company and contractor KBR Inc. said Wednesday that it lost money in the third quarter as it wrote down the value of a 2010 acquisition. KBR bought Chicago- based Roberts& Schaefer in December 2010 for $280 million.

  • Texas officials may double electricity price cap Wednesday, 24 Oct 2012 | 6:57 PM ET

    AUSTIN, Texas-- The Texas Public Utility Commission is likely to double the price cap on wholesale electricity to encourage more generation.

  • American plans to hire 2,500 new pilots Wednesday, 24 Oct 2012 | 6:32 PM ET

    DALLAS-- The CEO of American Airlines said the company expects to hire 2,500 pilots over the next five years as it ramps up international flights.

  • Oct 24- Chili's Grill& Bar parent Brinker International Inc on Wednesday said a cool-down in sales at established restaurants was stretching into the current quarter, sending its shares down more than 10 percent.

  • Oklahoma tribe on track to buy La., Miss. casinos Wednesday, 24 Oct 2012 | 4:39 PM ET

    JACKSON, Miss.-- An Oklahoma Indian tribe is moving forward with buying the DiamondJacks casinos in Bossier City, La., and Vicksburg, Miss.. Wilmington Trust, a Delaware institution, leads a syndicate holding $181 million in secured debt with the first claim on Legends assets.

  • Chief: Texas' battered $3B cancer effort endures Wednesday, 24 Oct 2012 | 3:55 PM ET

    AUSTIN, Texas-- An embattled $3 billion cancer-fighting fund in Texas will recover from a controversy that led two Nobel laureates and others to resign over allegations that politics trumped science in spending decisions, state officials told stakeholders Wednesday.

  • Ally mortgage servicing unit OKs $3B buyout offer Wednesday, 24 Oct 2012 | 3:15 PM ET

    NEW YORK-- Ally Financial Inc.' s mortgage lending and servicing subsidiary has given preliminary approval to a $3 billion buyout offer from a unit of Ocwen Financial Corp..

  • Oct 24- Marathon Oil Corp said on Wednesday it is in negotiations to sell a portion of its 20 percent stake in the Athabasca Oil Sands Project in Canada as part of a strategy to shed less profitable assets. No sale of the non-operated Athabasca interest can be assured, Houston- based Marathon said.

  • Oct 24- Marathon Oil Corp said on Wednesday it is in negotiations to sell a portion of its 20 percent stake in the Athabasca Oil Sands Project in Canada as part of a strategy to shed less profitable assets. No sale of the non-operated Athabasca interest can be assured, Houston- based Marathon said.

  • Panama drops money laundering case vs US pilots Wednesday, 24 Oct 2012 | 2:39 PM ET

    HOUSTON-- Two Texas pilots who were arrested in Panama on suspicion of money laundering headed home for good Wednesday after authorities decided there is no case against them, their employer said. Carl Moody and Kenneth Chonoski were arrested after landing in Panama in May last year.

  • Rural Media Group buys another cable network Wednesday, 24 Oct 2012 | 2:36 PM ET

    OMAHA, Neb.-- The Rural Media Group has purchased another cable network to expand its programming into more markets. Rural Media produces RFD-TV and Rural TV with rural-themed programming. The deal gives the company access to several major markets, including New York, Chicago, Atlanta, Dallas and Los Angeles.

  • Dr. Pepper Snapple 3Q profit up, revenue flat Wednesday, 24 Oct 2012 | 1:58 PM ET

    PLANO, Texas-- Dr. Pepper Snapple Group Inc.' s net income climbed 16 percent in the third quarter as the company continued to raise prices. The company, which makes 7 Up, Sunkist, Mott's and other drinks, earned $179 million, or 84 cents per share, for the three months ended Sept. 30. That's up from $154 million, or 71 cents per share, a year ago.

  • Commercial Metals returns to profit in 4Q Wednesday, 24 Oct 2012 | 1:47 PM ET

    IRVING, Texas-- Commercial Metals returned to a profit in its fiscal fourth quarter, helped by lower costs. Revenue fell 16 percent to $1.88 billion from $2.24 billion, which missed Wall Street's estimate of $2.02 billion. For the full year, Commercial Metals Co. earned $207.5 million, or $1.78 per share.

  • Trustmark profit rises as bad loans fall Wednesday, 24 Oct 2012 | 1:32 PM ET

    JACKSON, Miss.-- Trustmark Corp. says profit in the third quarter of 2012 rose 10.9 percent from the same three months of 2011, as it paid less interest on deposits and set aside less money to cover future bad loans.