Top News & Analysis Texas

More

  • --Group 1 Automotive Inc.' s credit measures, in our opinion, have the potential for continued modest improvement in the year ahead. --We are revising our' BB' rating outlook on Group 1 to positive from stable. Rating Action On Oct. 2, 2012, Standard& Poor's Ratings Services revised its rating outlook on Houston- based automotive retailer Group 1 Automotive Inc..

  • LONDON, Oct 2- Somalia, hoping to share in East Africa's oil and gas boom, has invited back international oil companies that held exploration licences before civil war broke out two decades ago, an adviser to the government said.

  • HOUSTON-- Shares of Genesis Energy LP fell after the oil and gas pipeline and refining company said an offering of 6 million units from its shareholders priced at a 7 percent discount to Monday's closing price. Units closed at $34.56 Monday and were priced at $32.15. Shares fell $1.25, or 3.6 percent, to $33.31 in afternoon trading Tuesday.

  • DALLAS-- American Airlines says passenger seats on a third flight came loose as the plane was airborne, and it's continuing to inspect other jets with similar seating. Separately an American flight on Tuesday from Chicago to London was diverted to Shannon Airport in Ireland after a report of smoke in the cabin.

  • Lynn Helms says North Dakota crude oil also could be in demand to make jet fuel for Delta Air Lines Inc.. He says they'll make it easier for North Dakota crude oil to flow to refineries in Texas and the Gulf Coast. The airline is exploring getting North Dakota crude, because it's cheaper than oil from Britain's North Sea.

  • SIOUX FALLS, S.D.-- A company that planned to build a $10 billion oil refinery said Monday it has allowed land-purchase options to expire for thousands of acres of southeastern South Dakota farmland.

  • The investigation, one of the several involving the company, was initiated in 2005 and covered DaVita's joint ventures, financial relationships with physicians and services provided to patients, and included the administration and billing of DaVita's anemia drug, Epogen.

  • DENVER-- Court documents show Dallas- based Elm Ridge Exploration Co. has agreed to pay $275,000 to settle allegations that it violated emission standards at its Ignacio gas treating plant on the Southern Ute Indian Reservation in Colorado.

  • By Robin Paxton and Mariya Gordeyeva ASTANA, Oct 2- U.S. oil major ConocoPhillips. Asked on Tuesday whether ConocoPhillips would sell its stake in the consortium, Kazakh Oil and Gas Minister Sauat Mynbayev told reporters: "They have informed that they have the intention of selling."

  • Jim Nash is such a big Yankees fan that he named his son George Mattingly Nash, combining two of his favorite players: George Herman Ruth and Don Mattingly. Now, power up the computer and get a prize from the likes of R.A. Dickey, Cliff Lee, Andrew McCutchen and Clayton Kershaw.

  • NEW YORK, Oct 2- U.S. natural gas futures slid nearly 2 percent early on Tuesday in some profit-taking from their five-day, nearly 23 percent run up to their highest mark this year. There are a lot of nuclear plants off line and some near-term cold, but we need to see where the market stands after this cold spell, "one Texas- based trader said.

  • DENVER-- Republican presidential candidate Mitt Romney says he would honor temporary work permits for young illegal immigrants who were allowed to stay in the U.S. because of an executive order signed this summer by President Barack Obama.

  • HOUSTON-- A man accused of killing his ex-girlfriend in Houston and then driving hundreds of miles to dump her body in a West Texas oil field taped an interview about the case with the "Dr. Mark Augustin Castellano, a 37- year-old computer technician, has been charged with murder in the Sept. 22 death of 31- year-old Michelle Warner.

  • HOUSTON-- The electric power producer Dynegy Inc. has emerged from Chapter 11 bankruptcy protection. Dynegy filed for Chapter 11 in July after years of falling electricity prices and debt that surpassed $5 billion last year. As part of the restructuring, Dynegy Holdings and Dynegy Inc. were combined on Sept. 30.

  • The decision conflicts with rulings by several other federal circuits, possibly setting the stage for a Supreme Court challenge.

  • Oct 2- Quanta Services Inc:. *Federal court order rules in favor of Quanta Services in patent infringement. *Houston court entered order finding that a product line sold by Liveline.

  • TEL AVIV, Oct 2- The Shimshon reservoir off Israel's southern Mediterranean coast has the potential for about 550 billion cubic feet of natural gas, Modiin Energy. ATP Oil& Gas Corp holds a 40 percent working interest in the well, Modiin Energy owns 10 percent and Isramco.

  • *More assertive Kazakhstan sets eyes on ConocoPhillips stake. *Kashagan key to rapid rise in Kazakh oil output* Kazakh minister hopes field to produce first oil in March By Robin Paxton ASTANA, Oct 2- U.S. oil firm ConocoPhillips.