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Top News & Analysis Texas

  • June 22- Wall Street was higher in late morning trading on Thursday as health stocks got a boost after Republicans unveiled a bill to repeal Obamacare and the energy sector took a breather with oil prices edging up from multi-month lows. The S&P healthcare index rose 1.08 percent to hit a record high as investors cheered the bill, which is aimed at curbing...

  • June 22- Ford Motor Co said on Thursday it would expand its shuttle service Chariot to Seattle, making the city its third market in the United States. Ford agreed to buy San Francisco- based Chariot last year to expand beyond auto manufacturing and take another step toward becoming a mobility company. Chariot operated 100 Ford Transit shuttles in the San...

  • DALLAS— State-owned Qatar Airways is attempting to buy 10 percent of American Airlines, a surprising move that would trigger an antitrust review by the U.S. government and carry political and trade-policy implications. Qatar Airways, however, said it sees a "strong investment opportunity" in American and plans to be only a passive investor with no role in...

  • June 22- Tropical storm Cindy moved inland near the Louisiana- Texas border on Thursday morning, bringing heavy rainfall and life-threatening conditions over the northern Gulf Coast, the U.S. National Hurricane Center said. "Life-threatening" flash flooding was possible as the storm could drop three to six inches of rain and as much as 12 inches in some parts of...

  • IRVING, Texas _ Commercial Metals Co. on Thursday reported fiscal third-quarter net income of $39.3 million. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 23 cents per share. Commercial Metals shares have dropped 15 percent since the beginning of the year.

  • JERUSALEM, June 22- Israeli oil company Delek Drilling has set up a company that will take over a 9.25 percent stake in the Tamar natural gas field and list on the Tel Aviv Stock Exchange. Delek must sell its entire 31.25 percent stake in Tamar, a large offshore field that is Israel's main gas supply, by 2021 under government plans to open the market to competition.

  • *Anxiety in New Delhi that India has lost diplomatic ground. NEW DELHI/ WASHINGTON, June 22- India is pushing for U.S. approval of its request to buy a naval variant of the Predator drone, officials said, as Prime Minister Narendra Modi tries to revitalise relations with Washington when he meets President Donald Trump for the first time. Trump met Chinese President...

  • WASHINGTON— Senate Republicans launched their plan for shriveling Barack Obama's health care law Thursday, edging a step closer to their dream of repeal with a bill that would slice and reshape Medicaid for the poor, relax rules on insurers and end tax increases on higher earners that have helped finance expanded coverage for millions. Four conservative GOP...

  • TAIPEI, Taiwan— The chairman of Taiwanese electronics giant Foxconn said Thursday it may spend more than $10 billion to set up manufacturing in the United States, and will announce investment plans by early August for at least three states. Terry Gou gave no new information about where Foxconn will locate a U.S. display panel factory he said in January would cost...

  • DALLAS— Americans are expected to put down the TV remote and hit the road in record numbers for the July 4th weekend. Even though pump prices usually rise as summer begins, the national average for a gallon of regular was $2.28 on Wednesday— 4 cents lower than last year's holiday weekend, and down more than 7 cents from a month ago. Bill Sutherland, a AAA senior vice...

  • DOVER, Del.— A federal judge in Delaware has blocked a Utah- based nuclear waste disposal company from buying a Texas- based competitor. The judge on Wednesday ruled in favor of the U.S. Justice Department in an antitrust lawsuit aimed at blocking Salt Lake City- based EnergySolutions' planned $367 million acquisition of rival Waste Control Specialists, based in...

  • HOUSTON, June 21- Crude oil's bear market is highlighting the haves and have nots among U.S. shale producers, with the stronger promising to keep pumping even as prospects dim for some of their financially strapped peers. Crude prices have dropped more than 20 percent since late February, in part because of rising U.S. shale production that is offsetting OPEC's...

  • HOUSTON, June 21- Crude oil's bear market is highlighting the haves and have nots among U.S. shale producers, with the stronger promising to keep pumping even as prospects dim for some of their financially strapped peers. Crude prices have dropped more than 20 percent since late February, in part because of rising U.S. shale production that is offsetting OPEC's...

  • June 21- Tropical Storm Cindy churned slowly on Wednesday across the Gulf of Mexico toward an expected landing on the Texas- Louisiana border, after claiming the life of a vacationing child and threatening to bring flash floods from Texas to Florida. Louisiana Governor John Bel Edwards declared a state of emergency and readied emergency vehicles and the...

  • FORT WORTH, Texas— American Airlines will change uniform suppliers after employees complained the uniforms were causing reactions from hives to wheezing. American told employees Wednesday that it will not renew a contract with Twin Hill, a division of Houston- based Tailored Brands Inc., when the deal expires in 2020.. Fort Worth- based American Airlines Group...

  • OKLAHOMA CITY— Officials from Oklahoma and more than a dozen other states have sent two letters to California's insurance commissioner, asking that he stop pressing insurance companies to publicly disclose fossil fuel investments and divest from the coal industry, saying it only confuses consumers and unnecessarily brings politics into the insurance...

  • "We would expect a decision sometime after that, probably September," said Jan Hasselman, an attorney for the Standing Rock Sioux, which filed the lawsuit last summer that was later joined by three other Sioux tribes. The Standing Rock tribe sued because it believes the $3.8 billion pipeline built by Texas- based Energy Transfer Partners threatens cultural sites...

  • President Donald Trump- when GM canceled the third shift at its Lordstown small-car factory here. Layoffs at Lordstown and other auto plants point to a broader challenge for the economy in Midwestern manufacturing states and for the Trump administration. "This is about economics, not what Trump says," said Robert Morales, president of United Auto Workers union...

  • June 21- Tropical Storm Cindy weakened slightly on Wednesday afternoon as it headed toward landfall on the Texas- Louisiana border, but it still threatened to bring flash floods from Texas to Florida, according to the National Hurricane Center. Louisiana Governor John Bel Edwards declared a state of emergency and readied emergency vehicles and the Louisiana...

  • June 21- Tropical Storm Cindy was moving north-westward toward the U.S. Gulf Coast, the U.S. National Hurricane Center said in its latest advisory on Wednesday. The center of Cindy will approach the coast of southwest Louisiana and southeast Texas late Wednesday and move inland over southeastern Texas or southwestern Louisiana on Thursday, the NHC said.