• A US Airways jet takes-off as an American Airlines Jet is prepped for takeoff at Sky Harbor International Airport in Phoenix, June 23, 2008.

    US Airways Group and AMR are nearing an $11 billion merger that would create the world's largest airline and could announce a deal within a week, people familiar with the matter said.

  • BP Pays Record $4 Billion in Criminal Penalties Wednesday, 30 Jan 2013 | 2:31 AM ET
    Smoke rises from a controlled burn May 19, 2010, in the Gulf of Mexico.

    A U.S. judge accepted an agreement by BP to plead guilty for its role in the Deepwater Horizon disaster and pay a record $4 billion in criminal penalties for the worst offshore oil spill in U.S. history.

  • 4 People Reported Wounded in Texas College Shooting Tuesday, 22 Jan 2013 | 3:02 PM ET

    Gunfire erupted on a Texas college Tuesday afternoon, wounding four people. One person was taken into custody and a second gunman was being sought, a U.S. official told The Associated Press.

  • Innovative programs across the US are finding some success in reengaging high school dropouts. They strive to target 'disconnected' youths – those not in school and not working, who are a costly burden for taxpayers, the CSM reports.

  • Tax Reform May Happen at State, Not Federal, Level Sunday, 13 Jan 2013 | 11:05 AM ET

    Hopes for overhauling the federal tax system are fading in Washington, but in some state capitals, tax reform experiments- some far-reaching- are fast taking shape.

  • Why Texas Should Join OPEC  Thursday, 3 Jan 2013 | 2:40 PM ET

    If Texas were a member of OPEC, it would be the cartel's seventh biggest member. So, should the Lone Star State join OPEC? Andy Lipow, president of Lipow Oil Associates, weighs in.

  • Six Savvy Tax Moves to Make By the End of the Year Thursday, 13 Dec 2012 | 12:23 PM ET

    The usual year-end tax tasks are complicated by the possibility over going over the "fiscal cliff."

  • Gov. Perry: 2016 Is a Long Time Away  Tuesday, 4 Dec 2012 | 8:57 AM ET

    Gov. Rick Perry, (R-TX), shares his final thought on whether he is going to run in 2016. "I have a legislative session in front of me, and a state that is going to continue to lead the country," he says.

  • Bringing Business to Texas  Tuesday, 4 Dec 2012 | 8:41 AM ET

    Brett Giroir, M.D.,Texas A&M University, discusses how he helps identify and recruit companies to set up shop in Texas, with Gov. Rick Perry, (R-TX).

  • Growing a Skilled Workforce in Texas  Tuesday, 4 Dec 2012 | 8:18 AM ET

    Gov. Rick Perry, (R-TX), explains how his state is building an educated workforce.

  • Gov. Rick Perry, (R-TX), discusses how the "Lone Star State" is growing jobs by keeping taxes low; making the regulatory climate fair and predictable; and implementing sweeping tort reform.

  • Austin, Texas

    Every day, about 10 Kansas City Southern trains hauling everything from cars to chemicals crisscross the border between Mexico and the United States at Laredo, Texas, up from about six three years ago.

  • Which US Cities are More Affordable? Friday, 9 Nov 2012 | 12:31 PM ET

    Here, a top 10 list of the least expensive cities in the U.S.

  • NEW YORK, Nov 6- Rescued from 10- year lows by record summer heat and strong utility demand, U.S. natural gas prices should rise 35 percent next year as production growth tapers off and economic activity increases, according to a Reuters poll of analysts.

  • Shares of Marathon rose nearly 3 percent in afternoon New York Stock Exchange trading. The company reported better-than-expected oil and gas production in the Eagle Ford formation in south Texas and the Bakken shale in North Dakota, according to analysts at Houston based energy investment bank Simmons& Co..

  • HOUSTON, Nov 6- EOG Resources Inc plans to spend less on ``money-losing'' natural gas drilling next year, which will result in lower capital expenditures, the company's chief executive said Tuesday. EOG is drilling for pricier crude oil in basins including the Eagle Ford in south Texas and the Bakken in North Dakota while slowing natural gas drilling.

  • Quicksilver shares tumble on weak 3Q results Tuesday, 6 Nov 2012 | 3:46 PM ET

    FORT WORTH, Texas-- Shares of Quicksilver Resources Inc. tumbled Tuesday after the natural gas producer posted a $651.8 million third-quarter loss, hurt by one-time charges and a drop in natural gas prices.

  • UPDATE 1-EOG CEO sees lower 2013 spending, shares up Tuesday, 6 Nov 2012 | 3:22 PM ET

    HOUSTON, Nov 6- EOG Resources Inc plans to spend less on ``money-losing'' natural gas drilling next year, which will result in lower capital expenditures, the company's chief executive said Tuesday.

  • At the beginning of next year, $600 billion in tax increases and spending cuts- known as the fiscal cliff- will automatically become law unless Congress acts. However, there is a sense that neither the financiers and investors in New York nor the lawmakers in Congress are taking each other seriously enough.

  • *Romney has said will declare China currency manipulator on ``day one''. Presidential candidate Mitt Romney would lack the legal power to label China a currency manipulator on his first day in office should he win Tuesday's election, offering him a way out of what experts say is the weakest claim on the issue for years.