Top News & Analysis Texas

More

  • The rout in oil prices since 2014 has hurt banks that made loans to oil and gas companies across the United States. At a conference on Tuesday ahead of the downgrade, senior executives at Comerica Inc estimated it would need to set aside an additional $75 million to $125 million in loan-loss reserves over the course of a year if oil prices remain at $30 per barrel.

  • NEW BRAUNFELS, Texas _ Rush Enterprises Inc. on Tuesday reported fourth-quarter profit of $9.8 million. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 43 cents per share. Rush Enterprises shares have decreased 15 percent since the beginning of the year.

  • WASHINGTON, Feb 9- The U.S. Supreme Court on Tuesday delivered a major blow to President Barack Obama by blocking federal regulations to curb carbon dioxide emissions from power plants, the centerpiece of his administration's strategy to combat climate change. The states, led by coal producer West Virginia and oil producer Texas, and several major business...

  • HOUSTON _ RCI Hospitality Holdings Inc. on Tuesday reported fiscal first-quarter earnings of $2.6 million. RCI Hospitality shares have decreased 24 percent since the beginning of the year. Keywords: RCI Hospitality, Earnings Report.

  • AUSTIN, Texas _ Digital Turbine Inc. on Tuesday reported a loss of $5.8 million in its fiscal third quarter. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 7 cents per share. Digital Turbine expects full-year revenue in the range of $90 million to $93 million.

  • NEW YORK, Feb 9- Oil traders have scrambled to scoop up options as additional protection against wild swings in prices, sending a key index to its highest level since the worst of the global economic crisis in 2008, data shows. The flurry comes as oil benchmarks have tested new 12-1/ 2- year lows, falling nearly 8 percent on Tuesday, as one of the worst supply gluts in...

  • HOUSTON _ Pros Holdings Inc. on Tuesday reported a loss of $17.7 million in its fourth quarter. Five analysts surveyed by Zacks expected $41.8 million. For the current quarter ending in April, Pros Holdings expects its results to range from a loss of 36 cents per share to a loss of 34 cents per share.

  • HOUSTON— Anadarko Petroleum Corp. says its board approved an 81.5 percent cut in its dividend in a money-saving move. The Houston company set its quarterly dividend at 5 cents, down from 27 cents. Shares of Anadarko ended Tuesday down 7 percent, or $2.81, to $37.24.

  • NEW YORK, Feb 9- U.S. oil and gas pipeline companies including Williams Companies Inc and Kinder Morgan Inc have contracts worth billions of dollars that might be at risk as Chesapeake Energy Corp aims to slash its debts amid collapsing energy prices. But with oil prices at their lowest in 12 years due to a global supply glut with OPEC unwilling to slow production,...

  • Feb 9- Oil and gas producer Anadarko Petroleum Corp slashed its quarterly dividend by 82 percent on Tuesday, preserving cash at a time when sliding oil prices have fueled losses. The cut will save about $450 million annually, the company said. Anadarko said it would issue a first-quarter payout of 5 cents, down from 27 cents last quarter.

  • SAN FRANCISCO, Feb 9- Global economic uncertainty and worries about weak spending on information technology are forcing investors in cloud computing stocks and related enterprise companies to take a reality check. That's the mentality of technology investors right now, "said Michael James, managing director of equity trading at Wedbush Securities in Los...

  • NEW YORK, Feb 9- Burberry Group Plc, the British luxury fashion brand, sued J. C. Penney Co on Tuesday, accusing the U.S. retailer of trademark infringement for selling outerwear that featured exact copies of its famous "Burberry check" pattern. In a complaint filed in U.S. district court in Manhattan, Burberry accused J.C. The Levy Group, a Manhattan distributor accused...

  • Feb 9- Goldman Sachs Group Inc and other U.S. banks are looking at ways to slash expenses further this year as market turmoil, declining oil prices and concerns about Germany's Deutsche Bank AG have sent the sector's shares down sharply. "We can absolutely do a lot more on the cost side if we have to, especially now, when you have to deliver a return," Goldman Chief...

  • Feb 9- The new chief executive officer of Spirit Airlines Inc said on Tuesday he wants to make the U.S. budget carrier more reliable and somewhat slow its growth in flight capacity. Shares shot up as much as 10 percent Tuesday following CEO Bob Fornaro's comments, but are off more than 40 percent in the last 52 weeks. Analysts have speculated that a tie-up with...

  • Feb 9- Oil and gas producer WPX Energy Inc said on Tuesday it has agreed to sell natural gas assets in Colorado's Piceance Basin for $910 million to a private firm, in a deal viewed by investors as a bright spot in the sluggish market for oil and gas properties. WPX said its unit, WPX Energy Rocky Mountain LLC, will be bought by Terra Energy Partners LLC, a private company...

  • NEW YORK, Feb 9- U.S. oil and gas pipeline companies including Williams Companies Inc and Kinder Morgan Inc have contracts worth billions of dollars that might be at risk as Chesapeake Energy Corp aims to slash its debts amid collapsing energy prices. But with oil prices at their lowest in 12 years due to a global supply glut with OPEC unwilling to slow production,...

  • KANSAS CITY, Mo.— One of North America's biggest makers of aluminum foil is seeking bankruptcy protection to restructure, citing falling aluminum prices and other market challenges that also will force it to idle production at a Missouri smelter. Noranda Aluminum Holding Corp., which refines aluminum and mines bauxite, made the Chapter 11 filing Monday in St....

  • Feb 9- Goldman Sachs Group Inc's chief executive officer signaled the U.S. bank could cut costs yet again as market turmoil, declining oil prices and concerns about Germany's Deutsche Bank AG have cratered the sector's shares this year. "We can absolutely do a lot more on the cost side if we have to, especially now, when you have to deliver a return," CEO Lloyd Blankfein...

  • SOUTHLAKE, Texas _ Sabre Corp. on Tuesday reported fourth-quarter net income of $129.4 million. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 26 cents per share. Four analysts surveyed by Zacks expected $762.1 million.

  • Feb 9- Oil and gas producer WPX Energy Inc said it would sell natural gas assets in Colorodo's Piceance basin for $910 million to boost its liquidity amid a prolonged slump in oil prices. WPX said its unit, WPX Energy Rocky Mountain LLC, will be bought by Terra Energy Partners LLC, a private company owned by investment manger Kayne Anderson and private equity firm...