Top News & Analysis Texas

  • Sept 29- Wells Fargo& Co's Chief Executive John Stumpf returns to Capitol Hill on Thursday with his job still under threat and the bank facing rising political pressure over a sales scandal that has become a major issue in Washington and on Wall Street. California, Wells Fargo's home state, suspended business relationships with the bank for a year on Wednesday...

  • CANBERRA, Australia— A rush by Australia's state governments to switch to clean electricity sources could undermine the country's energy security, the federal government warned Thursday after an entire state lost power. South Australia state lost power on Wednesday as it was lashed by two tornados, thunder storms and fierce winds that caused traffic chaos,...

  • HARTFORD, Conn.— The Latest on the Connecticut General Assembly approving a $220 million agreement that will keep Sikorsky Aircraft Corp. in the state.:. The Connecticut General Assembly has given final legislative approval to a $220 million agreement that will keep Sikorsky Aircraft Corp. in the state to produce a new line of heavy cargo helicopters.

  • OPEC says to limit output to 32.5 mln bpd. *After reaching group target, OPEC will seek non-member support. NEW YORK, Sept 28- Oil prices settled up nearly 6 percent on Wednesday after OPEC struck a deal to limit crude output at its policy meeting in November, its first agreement to cut production since 2008 and after the market crashed on oversupply.

  • *OPEC will limit output at 32.5-33.0 million bpd. *To seek non- OPEC support once output reduced. ALGIERS, Sept 28- OPEC agreed on Wednesday modest oil output cuts in the first such deal since 2008, with the group's leader Saudi Arabia softening its stance on arch-rival Iran amid mounting pressure from low oil prices.

  • FORT WORTH, Texas _ Pier 1 Imports Inc. on Wednesday reported a fiscal second-quarter loss of $4.1 million, after reporting a profit in the same period a year earlier. The average estimate of nine analysts surveyed by Zacks Investment Research was also for a loss of 5 cents per share. Seven analysts surveyed by Zacks expected $408.9 million.

  • *OPEC says to limit output to 32.5 mln bpd. *After reaching group target, OPEC will seek non-member support. NEW YORK, Sept 28- Oil prices settled up nearly 6 percent on Wednesday after OPEC sources said the group has struck a deal to limit crude output at its policy meeting in November, its first agreement to cut production since the market crashed two years ago on...

  • *OPEC will limit output at 32.5 million bpd- sources. ALGIERS, Sept 28- OPEC agreed on Wednesday to cut its oil output for the first time since 2008, with the group's leader Saudi Arabia softening its stance on arch-rival Iran amid mounting pressure from low oil prices. How much each country will produce is to be decided at the next formal meeting of OPEC in November,...

  • OPEC production in August was 33.24 million barrels a day, it said in its monthly oil market report. One source also said that once production targets were reached, OPEC would reach out to non- OPEC producers for cooperation. *Saudi Energy Minister Khalid al-Falih said on Tuesday Iran, Nigeria and Libya would be allowed to produce "at maximum levels that make sense"...

  • OPEC production in August was 33.24 million barrels a day, it said in its monthly oil market report. One source also said that once production targets were reached, OPEC would reach out to non- OPEC producers for cooperation. *Saudi Energy Minister Khalid al-Falih said on Tuesday Iran, Nigeria and Libya would be allowed to produce "at maximum levels that make sense"...

  • *OPEC will limit output at 32.5 million bpd- sources. ALGIERS, Sept 28- OPEC agreed on Wednesday to cut its oil output for the first time since 2008, with the group's leader Saudi Arabia softening its stance on arch-rival Iran amid mounting pressure from low oil prices. How much each country will produce is to be decided at the next formal meeting of OPEC in November,...

  • OPEC production in August was 33.24 million barrels a day, it said in its monthly oil market report. One source also said that once production targets were reached, OPEC would reach out to non- OPEC producers for cooperation. *Saudi Energy Minister Khalid al-Falih said on Tuesday Iran, Nigeria and Libya would be allowed to produce "at maximum levels that make sense"...

  • OPEC production in August was 33.24 million barrels a day, it said in its monthly oil market report. One source also said that once production targets were reached, OPEC would reach out to non- OPEC producers for cooperation. *Saudi Energy Minister Khalid al-Falih said on Tuesday Iran, Nigeria and Libya would be allowed to produce "at maximum levels that make sense"...

  • WASHINGTON, Sept 28- Federal Reserve Chair Janet Yellen was thrust into the election-year boxing ring during a congressional committee hearing on Wednesday, defending the central bank's regulatory role, taking and landing punches on Wells Fargo and other banks considered too big to fail, and addressing accusations of political conflicts of interest.

  • BISMARCK, N.D.— North Dakota Attorney General Wayne Stenehjem is asking the developer of the four-state Dakota Access oil pipeline to explain its purchase of a ranch where a protest turned violent earlier this month. Texas- based Energy Transfer Partners recently purchased the 7,000- acre ranch last week for an undisclosed price. North Dakota law generally...

  • HARTFORD, Conn.— A $220 million agreement that would keep Sikorsky Aircraft Corp. in Connecticut for at least the next 16 years to produce a new line of heavy cargo helicopters for the U.S. military easily cleared the General Assembly on Wednesday, with some lawmakers hailing the deal as a positive sign for manufacturing in the state. Dannel P. Malloy's...

  • Democratic advocates for Flint are now satisfied with renewed guarantees that Flint will get funding later this year to help rid its water system of lead. The White House said Obama will sign the measure and praised the progress on Flint. The temporary spending bill sped through the House shortly after the chamber passed a water projects bill containing the...

  • Donald Trump says he saved former Miss Universe Alicia Machado's job by shaming her into losing weight. Trump told Fox News host Bill O'Reilly Wednesday night that he "saved her job because they wanted to fire her for putting on so much weight." Donald Trump wants to know how many Christian conservatives are backing him in Iowa.

  • ALGIERS, Algeria— OPEC nations reached a preliminary agreement Wednesday to curb oil production for the first time since the global financial crisis eight years ago, in an effort to reduce a global glut of crude that has depressed oil prices for more than two years and weakened the economies of oil-producing nations. The deal was reached after several hours of...

  • 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...