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  • 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.

  • 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.

  • 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.

  • 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.

  • 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.