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  • American Airlines sued by mechanics union organizers Friday, 23 Jan 2015 | 7:53 PM ET

    Jan 23- Union organizers sued American Airlines on Thursday, alleging that maintenance directors pressured workers to skimp on federal safety procedures and threatened discipline if they reported too many maintenance flaws. They demanded punitive damages, an injunction to restrain airline managers from making further threats, as well as a trial by jury,...

  • BILLINGS, Mont.— Federal officials have issued a $1 million penalty against Exxon Mobil Corp. for safety violations stemming from a pipeline rupture in 2011 that spilled 63,000 gallons of crude into Montana's Yellowstone River. Safety regulators said in part that Exxon Mobil had failed to adequately heed warnings that its 20- year-old Silvertip Pipeline...

  • DALLAS— A union group is suing American Airlines, claiming supervisors are pressuring mechanics to release planes before they are safe to fly. American Airlines denies the allegations, saying that it complies with federal safety rules. Airline spokesman Casey Norton said American works with the FAA "so that American's maintenance programs, practices,...

  • KANSAS CITY, Mo.— Twenty-eight oil companies and retailers have agreed to settle litigation claiming customers were knowingly overcharged when gas station fuel temperatures rose, plaintiffs announced Friday. Federal officials earlier consolidated about 50 lawsuits filed since 2006 from consumers across the country in the U.S. District Court in Kansas...

  • $2 gasoline: Good times keep rolling at the pump Friday, 23 Jan 2015 | 1:30 PM ET

    But for the first time since 2009, most Americans are paying less than $2 a gallon. "It's crazy," says Michael Noel, an economics professor at Texas Tech University who studies oil and gasoline prices. U.S. crude oil traded Friday just below $46 a barrel and the average price for a gallon of gas was $2.04.

  • FORT HOOD, Texas— Army: Fort Hood lacked system to identify soldier as threat before 2014 shooting that killed 4..

  • Kimberly-Clark reports 4Q loss Friday, 23 Jan 2015 | 7:57 AM ET

    IRVING, Texas _ Kimberly-Clark Corp. on Friday reported a fourth-quarter loss of $83 million, after reporting a profit in the same period a year earlier. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $1.37 per share. Kimberly-Clark expects full-year earnings in the range of $5.60 to $5.80 per share.

  • *Disease outbreaks high on Davos agenda after Ebola. DAVOS, Switzerland, Jan 23- The worst-ever Ebola epidemic is waning, but after ravaging three West African nations and spreading fear from Dallas to Madrid, it has hammered home the message that the world needs a better detective system for emerging diseases. Risks posed by pandemic threats such as deadly...

  • Prosperity Bancshares tops Street 4Q forecasts Friday, 23 Jan 2015 | 6:24 AM ET

    HOUSTON _ Prosperity Bancshares Inc. on Friday reported fourth-quarter earnings of $78.2 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $1.08 per share. Prosperity Bancshares shares have dropped 15 percent since the beginning of the year.

  • Celanese reports 4Q loss Thursday, 22 Jan 2015 | 5:27 PM ET

    IRVING, Texas _ Celanese Corp. on Thursday reported a fourth-quarter loss of $84 million, after reporting a profit in the same period a year earlier. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $1.19 per share. Analysts expected $1.69 billion, according to Zacks.

  • First Financial misses Street 4Q forecasts Thursday, 22 Jan 2015 | 5:10 PM ET

    ABILENE, Texas _ First Financial Bankshares Inc. on Thursday reported fourth-quarter profit of $22.6 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 36 cents per share. Analysts expected $70.2 million, according to Zacks.

  • DALLAS— Leaders of United and Southwest gave an upbeat forecast for 2015 that combined strong travel demand and cheaper fuel. Southwest Airlines Co. expects its fuel bill for 2015 to be $1.7 billion lower than in 2014. "Our earnings outlook is superb if for no other reason than fuel costs are down dramatically," said CEO Gary Kelly. Southwest's net income dropped...

  • "It is unclear at this point whether or not this move up in the trend reflects issues seasonally adjusting the data around the holidays or if it represents a more meaningful deterioration in the labor market," said Daniel Silver, an economist at JP Morgan in New York. State-level data for the week ending Jan. 10 showed an increase in claims in the oil-producing...

  • Southwest beats Street 4Q forecasts Thursday, 22 Jan 2015 | 8:39 AM ET

    DALLAS— Southwest Airlines Co.' s fourth-quarter net income slipped 10 percent due to the effect of fuel-hedging contracts that lost value as oil prices tumbled, but the company's results beat Wall Street expectations. That reduces Southwest's spending— labor surpassed fuel as the airline's biggest single expense in 2014. And it should get better— Southwest...

  • WASHINGTON— Treasury Secretary Jacob Lew dismissed efforts in Congress to overhaul the nation's tax laws by lowering the top income tax rate paid by individuals, saying lawmakers should instead focus on simplifying taxes paid by businesses. "I don't think that there's any advantage in pretending that there aren't big disagreements on the individual tax...

  • WASHINGTON— Macau, the Chinese territory known for casino gambling, outperformed the rest of the world's major cities economically last year, according to a report out Thursday. Cities in the developing world, especially China, dominated the top of the annual economic rankings of 300 cities worldwide by the Brookings Institution and JPMorgan Chase.

  • The Brookings Institution and JPMorgan Chase ranked 300 major cities worldwide for economic performance last year.

  • House committee passes border security bill Wednesday, 21 Jan 2015 | 10:26 PM ET

    House GOP leaders scheduled the bill for a floor vote next week, as Republicans sought to demonstrate that they can chart their own course on immigration— not just oppose President Barack Obama. Michael McCaul of Texas, chairman of the House Committee on Homeland Security. Conservatives who have scuttled past attempts by GOP leaders to deal with immigration...

  • Reports: Google planning to sell wireless phone service Wednesday, 21 Jan 2015 | 9:35 PM ET

    SAN FRANCISCO— Google is planning to sell wireless phone service directly to consumers using the networks of Sprint and T-Mobile, according to reports published Wednesday. If everything falls into place, Google Inc. could offer discounted wireless data plans that would pressure other major carriers to offer better deals and services or risk losing...

  • Jan 21- Motiva Enterprises confirmed on Wednesday that maintenance activities had begun at its Port Arthur, Texas, refinery. The 600,250 barrel-per-day refinery, the largest in the United States, informed its neighbors about the scheduled work during the next several weeks, according to a message on a community information phone line on Wednesday.