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Top News & Analysis Texas

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  • *Freeport-McMoRan rises after Icahn discloses stake. "Today's selloff is normal after the two enormous upward days that we had," said Randy Frederick, managing director of trading and derivatives for Charles Schwab in Austin, Texas. Data for August 20-26 showed a record $28 billion in outflows from equity funds.

  • Aug 27- GameStop Corp, the world's largest retailer of video games and related products, reported higher-than-expected quarterly revenue and profit, helped by new releases such as "Batman: Arkham Knight" and "The Witcher 3: Wild Hunt". GameStop is set to benefit from a strong slate of video game releases in the second half of the year, mainly in the fourth quarter, such...

  • Texas judge wants $10M set aside in 'Fifty Shades' case Thursday, 27 Aug 2015 | 4:38 PM ET

    DALLAS— A Texas judge has told lawyers for an Australian woman and her publishing company to set aside $10 million for a former business partner who says she was defrauded out of her rightful share from the sale of the erotic best-seller "Fifty Shades of Grey" and two companion novels. State District Judge Susan McCoy said Wednesday that she wants the money...

  • Zoe's beats Street 2Q forecasts Thursday, 27 Aug 2015 | 4:33 PM ET

    PLANO, Texas _ Zoe's Kitchen Inc. on Thursday reported second-quarter net income of $120,000. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 4 cents per share. Five analysts surveyed by Zacks expected $53.5 million.

  • GameStop beats Street 2Q forecasts Thursday, 27 Aug 2015 | 4:21 PM ET

    GRAPEVINE, Texas _ GameStop Corp. on Thursday reported fiscal second-quarter earnings of $25.3 million. GameStop expects full-year earnings in the range of $3.66 to $3.86 per share. GameStop shares have increased 37 percent since the beginning of the year, while the Standard& Poor's 500 index has dropped 3.5 percent.

  • NEW YORK— Sprint is offering DirecTV customers one free year of cellphone service in a bold move aimed at the satellite TV company's new owner, AT&T. AT&T, which bought DirecTV for $48.5 billion in July, has been promoting a bundle that knocks $10 a month off a combined bill for video and wireless phone service. For a single line, the value of Sprint's promotion is...

  • SAN ANTONIO, Venezuela, Aug 27- The border bridge is usually choked with motorbikes and U.S. gas guzzling cars, leading into loud and grimy streets where traders hawk wares but smugglers hide theirs. Yet San Antonio, on Venezuela's border with Colombia, is this week a ghost town. The city's reliance on Colombia is starkly evident after Venezuela closed the border...

  • PARIS, Aug 27- Pernod Ricard delivered full-year profit below expectations on Thursday, sending its shares down 5 percent as a writedown on its flagship Absolut vodka brand highlighted difficulties in its U.S. market. The world's second-biggest spirits group behind Britain's Diageo also poured cold water on recent hopes of an improvement in China, pointing...

  • IRVING, Texas— Shares of Michaels Cos. The Irving, Texas, company said it now expects full-year earnings of between $1.66 and $1.72 per share, up a penny on both ends of the range from a forecast it made in June. That beat average expectations on Wall Street by a penny, according to Zacks Investment Research.

  • Greatbatch buying Lake Region Medical in $1.73B deal Thursday, 27 Aug 2015 | 7:03 AM ET

    FRISCO, Texas— Medical components maker Greatbatch is buying Lake Region Medical in a cash-and-stock deal valued at about $1.73 billion. Greatbatch Inc. will pay about $478 million in cash, assume approximately $1 billion of Lake Region Medical Inc.' s debt and issue 5.1 million shares of common stock and options to Lake Region Medical's shareholders.

  • PMFG reports 4Q loss Thursday, 27 Aug 2015 | 6:18 AM ET

    DALLAS _ PMFG Inc. on Thursday reported a loss of $6.7 million in its fiscal fourth quarter. The Dallas- based company said it had a loss of 31 cents per share. For the year, the company reported that its loss narrowed to $8.5 million, or 40 cents per share.

  • Labor trouble with pilots deepens at Republic Airways Wednesday, 26 Aug 2015 | 7:18 PM ET

    DALLAS— The Teamsters group representing pilots at Republic Airways is balking at allowing a vote on the company's contract offer, deepening the rift between labor and management at the regional airline. He said the Teamsters national organization could override the local and order a ratification vote. Shares of Indianapolis- based Republic Airways...

  • *Wall Street closes significantly higher after late rally. NEW YORK, Aug 26- Wall Street rebounded sharply on Wednesday after six straight days of large declines caused by China worries, while long-dated bond prices fell after a top Federal Reserve official scaled back expectations of a September rate increase. Bets about the timing of a rate increase was...

  • Aug 26- Wall Street racked up its biggest one-day gain in four years on Wednesday as fears about China's economy gave way to bargain hunters emboldened by expectations the U.S. Led by Silicon Valley stalwarts Apple, Amazon and Google, the surge put the brakes on a six-day losing streak that saw the S&P 500 surrender 11 percent. Some of the late-day rally was driven...

  • Judge reverses manslaughter conviction due to GM ignition Wednesday, 26 Aug 2015 | 4:16 PM ET

    PITTSBURGH— A Pennsylvania judge reversed the involuntary manslaughter conviction of a woman Wednesday after determining a faulty General Motors ignition switch contributed to her crashing into a school bus and utility pole, killing her teenage passenger. Police determined Ward-Green was driving 75 mph in a 35 mph zone when she crashed in 2010 in Penn...

  • The American Tort Reform Association and DRI-The Voice of the Defense Bar told Reuters on Tuesday that medical funders take advantage of the people they claim to be helping. The U.S. Chamber of Commerce, another proponent of business-friendly tort reform, said in a statement Tuesday that medical funding is "a blatant abuse of the system" that leaves "actual...

  • In the latest case of gift card holders caught up in the bankruptcy of a major retailer, attorneys on Wednesday outlined a plan under which some holders of RadioShack gift cards would be paid in full for their outstanding balances. The plan is part of a tentative settlement between Fort Worth- based RadioShack and the Texas attorney general's office, which filed...

  • Airfare deals pop up as airlines wage limited fare wars Wednesday, 26 Aug 2015 | 12:46 PM ET

    Don't expect widespread sales or cheap flights home for Thanksgiving. Fliers have been able to fly Chicago to Boston for $80 roundtrip, San Francisco to Las Vegas for $67 roundtrip and New York to Los Angeles, with a connection, for $150 roundtrip. "This is the big break consumers have been waiting for in response to lower fuel prices," says Seth Kaplan, managing...

  • Growing US economy causing traffic woes Wednesday, 26 Aug 2015 | 12:01 PM ET

    Los Angeles, San Francisco and New York come next on the list of urban areas with the longest delays. Overall, American motorists are stuck in traffic about 5 percent more than they were in 2007, the pre-recession peak, says the report from the Texas A&M Transportation Institute and INRIX Inc., which analyzes traffic data. Rounding out the Top 10 worst commuting...

  • Schlumberger buying Cameron International in $12.71B deal Wednesday, 26 Aug 2015 | 6:45 AM ET

    HOUSTON— Schlumberger is buying Cameron in a cash-and-stock deal valued at about $12.71 billion that would create an oilfield equipment and service powerhouse. Schlumberger and Cameron put the acquisition's total value at $14.8 billion. "We believe that the next industry technical breakthrough will be achieved through integration of Schlumberger's...