Housing is the 'linchpin' of the U.S. economy. Where there is the strongest job growth - like Texas - there will be the strongest housing market says Nishu Sood, homebuilder analyst at Deutsche Bank.» Read More
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.
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.
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.
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.
However, earnings for Dallas- based Brinker International Inc. missed expectations, sending its shares down $2.81, more than 8 percent, to $30.63 Wednesday morning. Brinker, which also has a stake in Romano's Macaroni Grill, said Wednesday that it earned $27.9 million, or 36 cents per share for the three months ended Sept. 26.
CNBC.com presents a list of the 10 states with the most ultra-high net worth individuals on a per capita basis.
Montana-Dakota Utilities Co. and Basin Electric Power Cooperative also provided funds for the $284,000 study. The state Industrial Commission said in a statement that the study provides valuable information that will be used in addressing the future power demand and infrastructure needs in 22 western North Dakota counties.
COLUMBUS, Ohio-- American Electric Power's net income fell 48 percent in the third quarter as customers' conservation efforts and a slow economy reduced demand for electricity. AEP earned $487 million, or $1 per share, on revenue of $4.16 billion.
NASHVILLE, Tenn.-- A woman was found guilty Tuesday of disorderly conduct for berating security officers trying to pat down her teenage daughter and then refusing to submit to the procedure herself at a Tennessee airport. Jurors deliberated four hours before convicting Andrea Abbott.
DALLAS-- US Airways turned in a strong performance during a three-month stretch that covers much of the peak summer vacation season. The results are especially important to US Airways Group Inc. as it pursues a merger with American Airlines.
DALLAS-- US Airways says it earned $245 million in the third quarter, its best profit ever for the 3- month period that covers much of the peak summer vacation season. The airline says it would have earned $192 million, or 98 cents per share, before gains such as a swap of airport landing slots with Delta Air Lines.
DALLAS-- American Airlines says it will start new international routes next year, seeking to capitalize on growth in international travel, especially among high-fare corporate travelers.
SAN FRANCISCO, Oct 23- Zynga Inc laid off 5 percent of its full-time workforce and shut its Boston office on Tuesday as it embarked on a sweeping cost-cutting campaign that may eventually see the ``FarmVille'' game creator close its Japanese and British studios as well.
NEW YORK-- Shares of Newfield Exploration Co. fell Wednesday after the oil and gas company reported a third-quarter loss due to declining value of derivatives. THE SPARK: The company reported late Tuesday that it lost $33 million, or 24 cents per share, in the July-to-September period.
The national average for a gallon of gas has dropped 13 cents in the past week to $3.625. That's the biggest weekly decline since the 7- day period ended Nov. 28, 2008, according to Oil Price Information Services analyst Fred Rozell. Rozell says gas has averaged $3.65 so far this year, 10 cents above the record set in 2011..
DALLAS-- Consumer products company Kimberly-Clark net income rose 20 percent, helped by cost cuts and lower costs for commodities like fiber and other raw materials. The company, which makes Kleenex tissue and Huggies diapers, also raised its earnings projection for the year and said it was ending some diaper operations in Europe.
Oct 23- A federal appeals court on Tuesday reinstated a $9.2 million securities arbitration ruling against Morgan Keegan& Co stemming from a group of bond funds that became the subject of a civil fraud action by regulators.
CHICAGO, Oct 23- Illinois has dug itself into such a huge financial hole that it may not be able to provide basic services to residents or meet employee benefit obligations, according to a national task force that is due to release a report about the state's finances.
BOSTON, Oct 23- The pharmacy tied to a deadly U.S. meningitis outbreak escaped harsh punishment from health regulators several times in the years leading up to the health crisis that has raised questions about oversight of the customized drug mixing industry, newly released state records show.
Steve Murdock, former director of the U.S. Census Bureau and ex-state demographer of Texas, said studies are nearly unanimous in concluding that improved education is the key to bolstering earning power _ and thus could reverse the trend.