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Top News & Analysis Texas

  • Last year El Paso, Texas consumer products firm Helen of Troy bought it for $210 million. Now it sells more than 100 products in 17 countries, with prices ranging from $25 for a 12 oz. thermos up to $60 for a 64 oz. wide-mouth version. Scott Allan, Hydro Flask's CEO since 2012, recently spoke with The Associated Press about Hydro Flask's history and how it's managed its...

  • STOCKHOLM- Swedish Central Bank Deputy Governor Cecilia Skingsley will talk on electronic payment forms of the future at a lunch meeting arranged by the Royal Swedish Academy of Engineering Sciences- 1100 GMT. BOISE, United States- Federal Reserve Bank of San Francisco President John Williams speaks on "Getting to Know the Fed" before Boise State University...

  • STOCKHOLM- Swedish Central Bank Deputy Governor Cecilia Skingsley will talk on electronic payment forms of the future at a lunch meeting arranged by the Royal Swedish Academy of Engineering Sciences- 1100 GMT. BOISE, United States- Federal Reserve Bank of San Francisco President John Williams speaks on "Getting to Know the Fed" before Boise State University...

  • WILMINGTON, Del., Feb 17- Energy Future Holdings Corp, which owns the largest power network in Texas, received court approval on Friday to confirm its plan to exit bankruptcy and be acquired by NextEra Energy Inc in a deal valued at around $18 billion. Approval from the Public Utility Commission of Texas is required for the purchase of Energy Future's power...

  • Houston oilfield services company Baker Hughes Inc. said Friday that 597 rigs sought oil and 153 explored for natural gas this week. Louisiana lost three rigs, New Mexico declined by two and Alaska, North Dakota and Oklahoma each lost one. Arkansas, California, Colorado, Kansas, Ohio, Pennsylvania, West Virginia and Wyoming were all unchanged.

  • *Bank stocks weigh on Wall Street. NEW YORK, Feb 17- Stocks on major world markets dipped on Friday in the wake of consecutive sessions of record highs, as investors looked for clarity on U.S. Wall Street was lower for a second straight day as softness in financial stocks, down 0.5 percent, weighed on equities.

  • DALLAS— Southwest Airlines Co. is suing a major union and its leaders, charging that they did nothing to stop mechanics from boycotting overtime assignments. Dallas- based Southwest, the nation's fourth-biggest airline, says it relies on mechanics working consistent overtime hours to keep up with maintenance work, and that a boycott has driven up costs by...

  • Pennsylvania environmental regulators have found a likely correlation between a natural gas company's fracking operation and a series of tiny earthquakes in western Pennsylvania last year. Fracking, a method to extract gas or oil from underground shale rock, has been tied to earthquakes in neighboring Ohio and other states, but never before in...

  • AUSTIN, Texas _ Pain Therapeutics on Friday reported a loss of $2.5 million in its fourth quarter. The Austin, Texas- based company said it had a loss of 6 cents per share. Keywords: Pain Therapeutics, Earnings Report.

  • *Original plan was to make Aramco "industrial conglomerate". *But this could make valuation more complex, lower. RIYADH, Feb 17- Saudi Arabia is considering two options for the shape of Saudi Aramco when it sells shares in the national oil giant next year: a global industrial conglomerate, and a specialised international oil company, industry and banking sources...

  • *Fourth-quarter adjusted loss $0.34 vs. est. *Revenue falls 32 pct to $71.5 mln vs. est. "Our customers are announcing larger capital spending programs in 2017 and demand for all of our four core services is increasing," Chief Executive Stacy Locke said in a statement on Friday.

  • IRVING, Texas _ Fluor Corp. on Friday reported fourth-quarter net income of $70.5 million, after reporting a loss in the same period a year earlier. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 80 cents per share. Six analysts surveyed by Zacks expected $4.83 billion.

  • Stacy Locke said in a statement on Friday. The company's net loss narrowed to $36.1 million, or 53 cents per share, in the quarter ended Dec. 31, from $48.3 million, or 75 cents per share, a year earlier. Excluding items, it posted a loss of 34 cents per share, bigger than analysts' average estimate of 31 cents, according to Thomson Reuters I/B/E/S.

  • HOUSTON _ Spectra Energy Corp. on Friday reported fourth-quarter net income of $115 million, after reporting a loss in the same period a year earlier. The Houston- based company said it had profit of 16 cents per share. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 33 cents per share.

  • SAN ANTONIO _ Pioneer Energy Services Corp. on Friday reported a loss of $36.1 million in its fourth quarter. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of 31 cents per share. Five analysts surveyed by Zacks expected $70.7 million.

  • TOKYO, Feb 17- Japan's Toshiba, scrambling to fill the balance sheet hole left by a $6.3 billion hit to its nuclear operations, is also on the hook to pay billions of dollars for a U.S. natural gas contract. The Toshiba spokesman said the company had an agreement with Japan's Jera, the world's biggest single buyer of LNG, to help sales and marketing of the fuel from 2019,...

  • Feb 16- The U.S. Justice Department has joined a whistleblower lawsuit against UnitedHealth Group Inc that claims the country's largest health insurer and its units and affiliates overcharged Medicare hundreds of millions of dollars, a law firm representing the whistleblower said on Thursday. The lawsuit, filed in 2011 and unsealed on Thursday, alleges...

  • SARASOTA, United States- Federal Reserve Bank of Chicago Executive Vice President and Director of Research Daniel Sullivan will speak on the economic outlook before a Central Banking Series event hosted by the Global Interdependence Center in Sarasota. GOLDEN VALLEY, United States- Federal Reserve Bank of Minneapolis President Neel Kashkari...

  • SARASOTA, United States- Federal Reserve Bank of Chicago Executive Vice President and Director of Research Daniel Sullivan will speak on the economic outlook before a Central Banking Series event hosted by the Global Interdependence Center in Sarasota. GOLDEN VALLEY, United States- Federal Reserve Bank of Minneapolis President Neel Kashkari...

  • Feb 16- Ashford Hospitality Prime Inc has reached a deal with hedge fund Sessa Capital, agreeing to add three directors to the real estate investment trust's board in exchange for a two-year truce in a shareholder dispute. Sessa, which owned 8.5 percent of the stock as of late last year, began a proxy fight against Dallas- based Ashford Prime last spring, nominating...