Top News & Analysis Texas

  • SAN FRANCISCO, Sept 28- The chief executive of North Dakota's largest oil producer, Whiting Petroleum Corp, says the standoff over the $3.7 billion Dakota Access pipeline could be solved by giving economic opportunities, including supply and delivery contracts, to the Standing Rock Sioux and other Native Americans. Thousands of protesters from all over the...

  • Sept 27- Investors in U.S. privately owned prisons may be rewarded if they keep their stocks given sector watchers have said presidential candidate Hillary Clinton would have difficulty realizing her goal of doing away with for-profit detention. This came on the heels of a U.S. Justice Department announcement on Aug. 18 that it would phase out its use of...

  • Sept 27- Stewart Information Services Corp, one of the largest U.S. title insurers, is close to reaching a deal with activist investor Starboard Value LP over the composition of its board of directors, two people familiar with the matter said. The settlement with Starboard would involve replacing four sitting directors of its nine-member board, including...

  • WASHINGTON, Sept 27- A stop-gap funding bill to avoid a federal government shutdown later this week failed to garner enough votes to move forward in the Senate on Tuesday, with Democrats and Republicans both opposing the measure. The must-pass continuing resolution, or CR, which would keep federal agencies operating from Saturday through Dec. 9, received only 45...

  • HOUSTON _ Synthesis Energy Systems Inc. on Tuesday reported a loss of $11.6 million in its fiscal fourth quarter. The Houston- based company said it had a loss of 13 cents per share. For the year, the company reported that its loss narrowed to $23.1 million, or 27 cents per share.

  • WASHINGTON, Sept 27- A leading Republican lawmaker in Congress on Tuesday said Wells Fargo would be right to recover pay from executives involved in a scandal in which up to 2 million accounts and credit cards were set up without customers' consent. Jeb Hensarling, chairman of the House of Representatives Financial Services Committee, said he wants to see such a...

  • Two former Weatherford senior accounting executives also agreed to settle charges that they were behind the scheme, which inflated the company's earnings more than $900 million over that period, the SEC said. Weatherford fraudulently lowered the year-end sum set aside for income taxes each year by $100 million to $154 million to "better align its earnings...

  • Initial funding has been approved for a $105 million redevelopment of the Houston Astrodome that would include raising the two bottom floors to accommodate about 1,400 parking spaces. HOUSTON— Initial funding has been approved for a $105 million redevelopment of the Houston Astrodome that would include raising the two bottom floors to accommodate about...

  • Two Weatherford senior accounting executives at the time also agreed to settle charges that they were behind the scheme, which inflated the company's earnings by over $900 million between 2007 and 2012, the SEC said. Weatherford fraudulently lowered the year-end sum it set aside for income taxes each year by $100 million to $154 million so that it "could...

  • BATON ROUGE, La.— Arleen Weise was apprehensive when she learned Hollywood was making a movie about the offshore explosion that killed her son, Adam, and 10 other men aboard the Deepwater Horizon drilling rig. Weise said she's still struggling to decide how she ultimately feels about how "Deepwater Horizon" portrays the last day of her son's life before he died in...

  • MIDLOTHIAN, Texas _ Ennis Inc. on Tuesday reported fiscal second-quarter net income of $6.8 million. The Midlothian, Texas- based company said it had profit of 26 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • Sept 27- Democrat Hillary Clinton and Republican Donald Trump traded barbs and accusations on Monday in the first debate ahead of the Nov. 8 U.S. presidential election. Following is a compilation of reaction to the debate from investors, economists and financial market analysts:. JAMES ATHEY, INVESTMENT MANAGER AT ABERDEEN ASSET MANAGEMENT:.

  • The rules are considered essential to the United States meeting emissions-reduction targets in a global climate agreement signed in Paris last year. Appearing Tuesday before a 10- judge panel of the U.S. Court of Appeals for the District of Columbia Circuit, West Virginia Solicitor General Elbert Lin argued that the EPA had overstepped the regulatory...

  • CANNON BALL, N.D./ WASHINGTON, Sept 26- Three days after guard dogs attacked Native Americans protesting an oil pipeline project in North Dakota in early September, an unprecedented event took place at the White House. Brian Cladoosby, president of the National Congress of American Indians, which represents more than 500 tribes, spoke to nearly a dozen of...

  • BISMARCK, N.D.— A North Dakota state inspection of an oil pipeline site has found no sign of the Native American artifacts or human remains that an American Indian Tribe says are present, the state's chief archaeologist said in a draft memo. Chief Archaeologist Paul Picha said in the memo first published Monday by conservative blogger Rob Port that seven state...

  • Obama spoke at his eighth and final Tribal Nations Conference, which he created during his first year in office. Leaders of more than 560 Native American tribes gathered for the Washington event as one of the largest Native American protests in decades continues in North Dakota. The $3.7 billion project is being built by the Dakota Access subsidiary of Dallas-...

  • Rice Energy shares slid 4.2 percent to $26 in after market trading after it said it would pay about $1.02 billion in cash, issue about 39.1 mln shares worth about $980 million and assume about $700 million in debt. The deal follows others this month by EOG Resources Inc, which is buying privately-held Yates Petroleum Corp for $2.5 billion, and Enbridge of Canada's...

  • Sept 26- High-end apartment owner Monogram Residential Trust Inc is exploring a sale, the Wall Street Journal reported, citing people familiar with the matter. The Plano, Texas- based real estate investment trust has sounded out potential buyers and deal talks are in early stage, according to the report. Monogram Residential, which had a market capitalization of...

  • SAN ANTONIO, Sept 26- Dallas Federal Reserve President Robert Kaplan said on Monday he would have been comfortable with an interest rate increase at the Fed's policy meeting last week when the central bank chose to keep rates steady. I would have been comfortable seeing that accommodation removed in September, "Kaplan told a banking conference in San Antonio.

  • NEW YORK— American Express did not violate antitrust laws by barring merchants from asking customers to use one credit card over another and steering consumers to another form of payment, a federal appeals court said Monday. To do so, it said, likely would increase the market shares of Visa and MasterCard at the expense of American Express, whose card members tend...