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Top News & Analysis Texas

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  • IRVING, Texas _ Fluor Corp. on Thursday reported second-quarter profit of $148.5 million. The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of $1.05 per share. Twelve analysts surveyed by Zacks expected $5.15 billion.

  • GRAPEVINE, Texas— Three passengers were slightly hurt while evacuating an American Airlines jet after smoke was detected in the plane as it prepared to leave Dallas-Fort Worth International Airport. American spokeswoman Andrea Huguely says the crew of Flight 1658 deployed the emergency slides during Thursday's incident. Huguely says American officials...

  • WASHINGTON, July 30- General Electric Co is taking steps to shift some U.S. manufacturing work overseas now that the U.S. Export-Import Bank will be shuttered at least until September, the industrial giant's global operations boss told Reuters on Thursday. The prospective government partners include Canada, the United Kingdom, France, Germany, China and...

  • July 30- Virgin America Inc, a low-cost airline partly owned by billionaire Richard Branson, said it expects business to improve in Dallas, a major airline hub where competition has led to increased discounting. Dallas, which accounts for 12 percent of Virgin America's total capacity, is the hometown of No. 1 U.S. airline American Airlines Group Inc and Southwest...

  • Just days into the second-quarter earnings season, Chevron Corp and Royal Dutch Shell Plc said they would slash a combined 8,000 thousand jobs around the world. In North Dakota, Whiting Petroleum Corp, the top producer in the No. 2 U.S. oil patch, cut its capital expenditure budget days after optimistically raising it 15 percent on bets the renewed downturn in...

  • July 30- Oil and gas producer Penn Virginia Corp had put itself on the block but received no "credible bids," Chairman Edward Cloues said on Thursday, a day after the company cut its 2015 production forecast. Penn Virginia's shares plunged 35 percent to an all-time low of $1.33, valuing the company at about $96 million. Radnor, Pennsylvania- based Penn Virginia is an...

  • SAN ANTONIO _ Harte-Hanks Inc. on Thursday reported a second-quarter loss of $4.2 million, after reporting a profit in the same period a year earlier. On a per-share basis, the San Antonio- based company said it had a loss of 7 cents. This story was generated by Automated Insights using data from Zacks Investment Research.

  • *HollyFrontier shares surge, Tesoro falls. July 30- Tesoro Corp held talks to buy smaller rival oil refiner HollyFrontier Corp earlier this year in a bid to join the top echelons of the competitive U.S. refining industry, according to people familiar with the matter. The sources did not disclose Tesoro's offer price for HollyFrontier, which has a market...

  • CVR posts 2Q profit Thursday, 30 Jul 2015 | 10:03 AM ET

    SUGAR LAND, Texas _ CVR Energy Inc. on Thursday reported second-quarter earnings of $101.9 million. On a per-share basis, the Sugar Land, Texas- based company said it had profit of $1.17. Keywords: CVR Energy, Earnings Report.

  • FEDERAL CIRCUIT COURT OF APPEALS REVERSES TEXAS COURT ALLOWING STAY PENDING REVIEW OF VALIDITY OF SMARTFLASH PATENTS- DECISION.

  • Dril-Quip beats 2Q profit forecasts Thursday, 30 Jul 2015 | 9:45 AM ET

    HOUSTON _ Dril-Quip Inc. on Thursday reported second-quarter profit of $39.2 million. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.21 per share. Dril-Quip shares have decreased 17 percent since the beginning of the year.

  • Ultra Petroleum reports 2Q loss Thursday, 30 Jul 2015 | 9:07 AM ET

    HOUSTON _ Ultra Petroleum Corp. on Thursday reported a second-quarter loss of $24.7 million, after reporting a profit in the same period a year earlier. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 18 cents per share. Ultra Petroleum shares have fallen 39 percent since the beginning of the year.

  • Virgin America's 2Q profit beats Wall Street forecasts Thursday, 30 Jul 2015 | 8:51 AM ET

    Virgin America's second-quarter profit beat Wall Street expectations on cheaper fuel, and the airline plans to grow at a double-digit rate next year after it starts flying to Hawaii. For example, he said, Virgin will resume flights between San Francisco and Fort Lauderdale, Florida, and offer an additional daily flight to New York from both San Francisco and Los...

  • Nationstar misses 2Q profit forecasts Thursday, 30 Jul 2015 | 8:48 AM ET

    COPPELL, Texas _ Nationstar Mortgage Holdings Inc. on Thursday reported second-quarter net income of $74.6 million. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 48 cents per share. Three analysts surveyed by Zacks expected $555.5 million.

  • Clear Channel Outdoor misses Street 2Q forecasts Thursday, 30 Jul 2015 | 8:18 AM ET

    SAN ANTONIO _ Clear Channel Outdoor Holdings Inc. on Thursday reported second-quarter earnings of $1.4 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 2 cents per share. Clear Channel Outdoor shares have fallen 12 percent since the beginning of the year.

  • July 30- U.S. refiner Valero Energy Corp reported a better-than-expected quarterly profit as its refining margins rose due to a steep fall in crude oil prices. Valero said on Thursday that it was on track to start operations at two light crude processing units at the Corpus Christi and Houston refineries in the first quarter of 2016.. Net income from continuing...

  • July 30- ConocoPhillips, the largest U.S. independent oil and gas company, reported quarterly results that beat analysts' expectations Thursday and said it would cut capital expenditure as low crude oil prices persist. The Houston- based company said it would cut 2015 capital spending to $11 billion from $11.5 billion, and also lowered its forecast for...

  • Valero Energy beats Street 2Q forecasts Thursday, 30 Jul 2015 | 7:48 AM ET

    SAN ANTONIO _ Valero Energy Corp. on Thursday reported second-quarter net income of $1.35 billion. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $2.41 per share. Three analysts surveyed by Zacks expected $19.39 billion.

  • HOUSTON— ConocoPhillips lost $179 million in the second quarter, after booking a profit in the same period last year, as a sizeable drop in oil prices weighed on the energy company's results. ConocoPhillips countered some of the hit from oil prices by cutting expenses. Shares of ConocoPhillips edged down 3 cents to $52.87 in morning trading shortly after the...

  • Refiner Valero Energy's quarterly profit doubles Thursday, 30 Jul 2015 | 7:39 AM ET

    July 30- U.S. refiner Valero Energy Corp's quarterly profit more than doubled as refining margins rose due to a steep fall in oil prices. Net income from continuing operations attributable to Valero's stockholders rose to $1.35 billion, or $2.66 per share, in the second quarter ended June 30 from $651 million, or $1.22 per share, a year earlier.