Top News & Analysis Texas

  • WASHINGTON— Rick Perry was for "all of the above" on energy production before President Barack Obama embraced the strategy. During Perry's record 14- year tenure as governor, Texas maintained its traditional role as a top driller for oil and natural gas, while also emerging as the leading producer of wind power in the United States and a top 10 provider of solar...

  • *Companies to focus on east Europe, Latin America, Africa. "You're seeing the majors sharpening their pencils after a long while and actually flipping around from disposals to acquisitions," said Tony Durrant, chief executive of British energy firm Premier Oil, which is looking to sell several stakes in its North Sea operations. Total acquisitions of oil and gas...

  • *Companies to focus on east Europe, Latin America, Africa. "You're seeing the majors sharpening their pencils after a long while and actually flipping around from disposals to acquisitions," said Tony Durrant, chief executive of British energy firm Premier Oil, which is looking to sell several stakes in its North Sea operations. Total acquisitions of oil and gas...

  • President-elect Donald Trump criticized United Technologies Corp's Carrier unit in November for its plan to move some 800 jobs to Mexico, the parent-company made a swift decision to keep the factory in Indiana. "We're going to make up $16 million investment in that factory in Indianapolis to automate, to drive the cost down so that we can continue to be...

  • NEW YORK— Donald Trump has vowed his company will do "no new foreign deals" while he is president. Richard Painter, who served as chief ethics lawyer for President George W. Bush, said there are so many pending issues before local governments at each stage of a real estate project, it's like a new deal every time. The Scottish expansion is especially worrisome, Painter...

  • WASHINGTON, Jan 18- The U.S. Department of Defense and Lockheed Martin Corp are close to deal for a contract worth almost $9 billion as negotiations are poised to bring the price per F-35 below $100 million for the first time, people familiar with the talks said Wednesday. The U.S. Defense Department expects to spend $391 billion in the coming decades to develop and...

  • Mallinckrodt's share price dropped sharply to just under $43 from above $49 on a report Wednesday, which proved incorrect, that the FTC would sue Mallinckrodt. Questcor was acquired by Mallinckrodt in 2014.. Acthar, which is off patent, represented 34 percent of Mallinckrodt's $3.4 billion in net sales for fiscal 2016, the company said in a government filing.

  • WASHINGTON, Jan 18- Mallinckrodt Plc, which bought Questcor Pharmaceuticals in 2014, has agreed to pay $100 million to settle allegations that Questcor broke U.S. antitrust laws in pricing its multiple sclerosis drug H.P. Mallinckrodt, an Irish company headquartered in the United Kingdom, did not immediately respond to requests for comment.

  • HOUSTON _ Kinder Morgan Inc. on Wednesday reported fourth-quarter net income of $209 million, after reporting a loss in the same period a year earlier. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 18 cents per share. Kinder Morgan shares have risen slightly more than 8 percent since the beginning of the year,...

  • Kinder Morgan reported a net profit attributable to shareholders of $170 million, or 8 cents per share, in the fourth quarter ended Dec. 31, compared with a loss of $721 million, or 32 cents per share, a year earlier. The year-earlier quarter included a $1.1 billion impairment charge. The Houston- based company's revenue fell to $3.39 billion from $3.64 billion.

  • PHILADELPHIA— Sarah Feinberg was on the job as the nation's chief railroad regulator for just three weeks when a packed commuter train slammed into an SUV stopped on tracks north of New York City, killing six people. Feinberg, whose tenure as the Federal Railroad Administrator ends with Donald Trump's inauguration as president on Friday, embraced her outsider...

  • WASHINGTON— The U.S. economy grew a bit faster at the end of last year, spurred by healthier sales for manufacturers and steady hiring that is slowly pushing up wages. Growth was slight in the Cleveland district and largely unchanged in New York. Consumers stepped up their shopping in most districts, the report found, though holiday sales disappointed in the...

  • WASHINGTON, Jan 18- A pickup in manufacturing, "widespread" reports of labor shortages and improving business investment set the stage for the Federal Reserve's December rate hike amid signs of steady economic growth across the country, the Fed reported Wednesday in its latest Beige Book compendium of economic conditions. Manufacturers in "most" of the Federal...

  • Mick Mulvaney, President-elect Donald Trump's choice to run the White House budget office, failed to pay more than $15,000 in payroll taxes for a household worker more than a decade ago, prompting the Senate's top Democrat to issue a statement saying the lapse should disqualify his nomination. "I have come to learn, during the confirmation review process, that I...

  • Former President George H.W. Bush, left, talks with former Secretary of State and close friend James Baker III at NRG Stadium on November 2, 2014 in Houston, Texas.

    the 92-year-old former president was placed under sedation for a procedure to protect and clear his airway.

  • American Airlines announced Wednesday that passengers will be able to buy "basic economy" tickets starting next month that will be similar to bare-bones fares already offered by Delta Air Lines and soon to be matched by United Airlines. On randomly chosen flights next month on Delta, the basic-economy price ranged from $7 to $25 cheaper than a regular economy...

  • BISMARCK, N.D.— The Latest on disputes over the construction of the Dakota Access oil pipeline in North Dakota:. The justices said Wednesday that there's no evidence that any defendants have been denied counsel because they couldn't find a lawyer in North Dakota, but recognize the potential for "delay or inconvenience" due to the large number of arrests.

  • IRVING, Texas— Oil and gas giant Exxon Mobil Corp. is buying the Bass family's Permian Basin holdings in a more than $6 billion stock and cash deal. Exxon Mobil, based in Irving, Texas, announced the agreement in a statement Tuesday. It says the deal for 275,000 acres of leasehold will more than double Exxon Mobil's Permian Basin resources to 6 billion barrels of oil...

  • BISMARCK, N.D.— A federal judge said Wednesday he won't keep the U.S. Army Corps of Engineers from launching a full environmental study of the $3.8 billion Dakota Access pipeline's disputed crossing under a Missouri River reservoir in North Dakota. District Judge James Boasberg denied Texas- based Energy Transfer Partners' request to stop the Corps from...

  • IRVING, Texas— 7- Eleven is offering a breakfast pizza. It has a biscuit crust topped with bacon, sausage, ham, scrambled eggs, cheese and cream gravy. 7- Eleven vice president Nancy Smith bills it as "a hearty option for customers craving a warm breakfast." The Irving, Texas- based company says hot pizza has become one of its biggest ready-to-eat sellers, and mornings are...