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  • Mont. oil lease sale could mark Bakken expansion Thursday, 25 Oct 2012 | 11:55 AM ET

    BILLINGS, Mont.-- A Texas company has bought oil and gas leases on almost 75,000 acres in northeast Montana's McCone County in a move that could portend a significant westward expansion of the Bakken oil patch, government officials and a company representative said Wednesday.

  • New Monitor publisher son of former publisher Thursday, 25 Oct 2012 | 11:30 AM ET

    McALLEN, Texas-- Stephan T. Wingert was named publisher Wednesday of The Monitor newspaper and as regional vice president responsible for all AIM Media Texas properties in the Rio Grande Valley.

  • ConocoPhillips 3Q profit falls 30 percent Thursday, 25 Oct 2012 | 11:25 AM ET

    HOUSTON-- ConocoPhillips said Thursday that net income fell 30 percent in the third quarter as it sold assets and oil and natural gas prices fell. Houston- based ConocoPhillips made $1.8 billion, or $1.46 per share, compared with $2.6 billion, or $1.91 per share, a year earlier.

  • Noble Energy's 3Q net income falls on higher costs Thursday, 25 Oct 2012 | 11:23 AM ET

    HOUSTON-- Noble Energy, while wresting with falling natural gas prices and a hurricane in the Gulf of Mexico, topped Wall Street expectations for the third quarter. The Houston energy producer said Thursday that its net income totaled $221 million, or $1.23 per share, in the July-through-September quarter.

  • Linn Energy posts 3Q loss on commodity hedging Thursday, 25 Oct 2012 | 10:20 AM ET

    HOUSTON-- Linn Energy LLC posted a $430 million loss for the third quarter on Thursday because of losses from commodity derivatives intended to reduce fluctuations in cash flow. The company said that without the hedging losses, it would have earned $89.8 million, or 45 cents per share.

  • Theft suspect found dead at Texas substation Thursday, 25 Oct 2012 | 10:13 AM ET

    SPRING, Texas-- Investigators say a man suspected of trying to steal copper wire has been found dead at an electrical substation near Houston. The Montgomery County Sheriff's Office on Thursday said investigators believe 37- year-old Harold Gene Schneider was electrocuted in the theft process.

  • Patterson-UTI 3Q net falls on slow rig demand Thursday, 25 Oct 2012 | 9:58 AM ET

    HOUSTON-- Oil and natural gas driller Patterson-UTI Energy Inc. said Thursday that its third-quarter net income fell almost 38 percent as demand fell for drilling rigs in the U.S. The company earned $50.8 million, or 33 cents per share, for the quarter that ended Sept. 30.

  • 9 hurt in Texas City chemical leak Thursday, 25 Oct 2012 | 9:55 AM ET

    Emergency authorities in Texas City lifted the shelter-in-place order shortly after 5 a.m. Thursday in a storage tank spill involving hydrochloric acid. Diane Tracy with New Jersey- based Dallas Group of America Inc. says company officials are investigating Wednesday night's accident.

  • Imprisoned detective may pose risk to star clients Thursday, 25 Oct 2012 | 9:47 AM ET

    LOS ANGELES-- Four years after a private eye went to prison for wiretapping phones of the rich and famous on behalf of celebrities and Hollywood heavyweights, his clients are facing hefty bills for his skullduggery.

  • National Oilwell 3Q profit rises on overseas sales Thursday, 25 Oct 2012 | 9:36 AM ET

    HOUSTON-- National Oilwell Varco Inc. said Thursday that third-quarter profit rose 14 percent, and it predicted strong fourth-quarter demand for drilling rigs used in deep water. Net income was $612 million, or $1.43 per share, compared with $532 million, or $1.25 per share, a year earlier.

  • 2 associates of ex-Cowboy Lockhart get prison Thursday, 25 Oct 2012 | 9:24 AM ET

    DALLAS-- Two business associates of former Dallas Cowboys linebacker Eugene Lockhart Jr. have been sentenced to prison in a $20 million mortgage scam. A federal judge in Dallas on Wednesday sentenced William Randolph Tisdale Jr. to 10 years for conspiracy to commit wire fraud and bank fraud.

  • Precision Castparts profit rises but misses views Thursday, 25 Oct 2012 | 9:21 AM ET

    PORTLAND, Ore.-- Precision Castparts Corp. said Thursday its fiscal second-quarter net income rose 13 percent on demand for commercial airplane parts and the benefit of recent acquisitions. The company earned $332.7 million, or $2.29 per share, compared with $294.7 million, or $2.07 per share, a year earlier.

  • Big jump in young adults moving out of state Thursday, 25 Oct 2012 | 9:20 AM ET

    The latest numbers show that young adults 25-29 are the primary out-of-state movers; they had the biggest gain in 13 years as they struck out on their own to test the job market in urban, high-tech meccas such as Washington, D.C.; Denver; Portland, Ore.; Seattle; and Austin, Texas.

  • At least 8 hurt in Texas City chemical leak Thursday, 25 Oct 2012 | 9:03 AM ET

    Emergency authorities in Texas City lifted the shelter-in-place order shortly after 5 a.m. Thursday in a storage tank spill involving hydrochloric acid. Diane Tracy with the Dallas Group of America Inc. says company officials are investigating Wednesday night's accident.

  • Cash America's revenue up, income hurt by charges Thursday, 25 Oct 2012 | 8:28 AM ET

    FORT WORTH, Texas-- Cash America, a pawn shop and payday lender, on Thursday reported a big drop in earnings but still beat Wall Street's expectations for the third quarter. Cash America International Inc. makes money from loans to consumers, from service fees and from selling jewelry, electronics and other goods in its pawn shops.

  • CPR less likely for minorities on street or home Thursday, 25 Oct 2012 | 8:06 AM ET

    CHICAGO-- People who collapse from cardiac arrest in poor black neighborhoods are half as likely to get CPR from family members at home or bystanders on the street as those in better-off white neighborhoods, according to a study that found the reasons go beyond race. The findings suggest a big need for more knowledge and training, the researchers said.

  • 2 pilots home in Houston after Panama drops case Thursday, 25 Oct 2012 | 8:01 AM ET

    HOUSTON-- Two Texas pilots who were released after being arrested in Panama on suspicion of money laundering arrived home Wednesday in Houston. American Jet International pilots Carl Moody and Kenneth Chonoski were greeted at George Bush Intercontinental Airport by a crowd of family, friends and co-workers that included company CEO Roger Woolsey and U.S.

  • 9 hurt in overnight Texas City chemical leak Thursday, 25 Oct 2012 | 6:43 AM ET

    Emergency authorities in Texas City lifted the shelter-in-place order shortly after 5 a.m. Thursday in a storage tank spill involving hydrochloric acid. Homeland Security coordinator Bruce Clawson says four firefighters and five workers at the Dallas Group of America Inc. unit were transported to a hospital.

  • Texas troubles weigh on chemicals firm BASF in Q3 Thursday, 25 Oct 2012 | 2:52 AM ET

    FRANKFURT, Germany-- BASF SE saw third-quarter profits fall 21 percent as its chemicals business suffered from lower demand, as well as from troubles at a key Texas facility. However, stronger oil sales helped soften the blow, now that the company's facilities in Libya are working again after being shut down last year during the civil war.

  • BASF sees profit fall 21 pct, holds on to outlook Thursday, 25 Oct 2012 | 2:01 AM ET

    FRANKFURT, Germany-- Chemicals and oil company BASF SE says profits fell 21 percent in the third quarter as its chemicals business suffered from lower demand and troubles at a key Texas facility. Stronger oil sales helped soften the blow now that now that the company's facilities in Libya are working again after being shut down by fighting last year.