Top News & Analysis Texas

  • Oct 3- Emerald Bay Energy Inc:. *To offer up to a maximum of 24.0 million units at a subscription price of. *Net proceeds will be used for exploration and expansion of the corporation's.

  • NEW DEAL: Bristol-Myers Squibb and France's Sanofi are revamping their longtime partnership marketing some of their best-selling medications, blood thinner Plavix and blood pressure drugs Avapro and Avalide. THE TERMS: Bristol-Myers will keep selling Plavix in the U.S. through December 2019.

  • WASHINGTON-- Washington's Pennsylvania Avenue, sometimes called "America's Main Street," is being listed among the nation's endangered landscapes because of neglect and deferred maintenance by the National Park Service.

  • Oct 3- The outbreak of West Nile virus that has hit Texas and other states remains on pace to make 2012 the second-worst year on record for the disease in the United States, with another 424 cases and 16 deaths reported last week, government figures showed on Wednesday.

  • --U.S.-based offshore drilling company Vantage Drilling Co.. Rating Action On Oct. 3, 2012, Standard& Poor's Ratings Services revised its outlook on Houston- based offshore drilling company Vantage Drilling Co. to stable from positive.

  • DALLAS-- A federal appeals court has ruled against American Airlines, which tried to block a union election among nearly 10,000 employees. It argued that the union didn't gather enough signed cards from employees to qualify for an election under new rules approved by Congress. In February, Congress raised the standard to 50 percent.

  • HOUSTON-- Phillips 66, a refining and pipeline company that split from ConocoPhillips in May, is raising its quarterly dividend by 25 percent to 25 cents. The Houston company's previous payout was 20 cents. Shares fell $1.02, or 2.2 percent, to $45.40 in afternoon trading.

  • NEW YORK, Oct 3- U.S. natural gas futures lost ground on Wednesday after six straight days of gains, pressured by profit-taking ahead of Thursday's weekly inventory report despite cooler weather forecasts for next week that should stir more heating demand.

  • HOUSTON, Oct 3- An exploration and production resurgence in the Gulf of Mexico two years after a six-month drilling shutdown because of the BP Plc oil spill is expected to increase output nearly 43 percent by 2019, energy consultancy Wood Mackenzie said on Wednesday.

  • Oct 3- 3 M Co said Wednesday it had restructured into five major business groups, down from six, and set up new roles for some of its senior executives.

  • Perry on Texas' Power Market

    Texas Governor Rick Perry talks to CNBC's David Faber about his state's efforts to develop power sources in Texas.

  • --Dallas- based Roofing Supply Group LLC plans to increase its seven-year bank term loan B by $25 million to $315 million and will utilize proceeds to repay revolving credit borrowings.

  • LITTLE ROCK, Ark.-- More than four dozen rice farmers in Arkansas, Louisiana and Texas who sought to intervene in a lawsuit against RiceTec Inc. have decided to withdraw from the legal action. Alvin, Texas,- based RiceTec announced Tuesday that the 51 farmers are opting out of the lawsuit.

  • BERLIN-- Struggling cellphone companies T-Mobile USA and MetroPCS Communications are set to merge, in a deal that will create an operator with more than 40 million subscribers.

  • *Seadrill may move to London, Singapore.

  • NEW YORK, Oct 3- U.S. natural gas futures slid more than 3 percent early Wednesday amid profit-taking after gaining more than 24 percent over six straight winning sessions. But many traders remained concerned that gas priced at well above $3 per million British thermal units would continue to lose market share to coal for power generation.

  • NEW YORK, Oct 3- U.S. natural gas futures slid n early 3 pe rcent early W ednesday a mid p rofit-taking a fter gaining more than 24 percent ov er s ix straight wi nning se ssions. But many traders remained concerned that gas priced at well above $3 per million British thermal units will continue to lose market share to coal for power generation.

  • SAN DIEGO-- The U.S. government began flying Mexican deportees home on Tuesday in a two-month experiment aimed at relieving Mexican border cities overwhelmed by large numbers of people ordered to leave the United States, some who fall prey to criminal gangs.

  • BERLIN-- The parent company of T-Mobile USA says it is merging its cell phone business with MetroPCS Communications. MetroPCS's shareholders will have the remaining stake and receive a payment of about $1.5 billion.

  • LONDON-- Pearson PLC, the U.K. publisher and education company, said Wednesday that chief executive Marjorie Scardino has decided to step down.