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Top News & Analysis Texas

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  • Urban areas where commuters endure the most extra hours Wednesday, 26 Aug 2015 | 12:01 AM ET

    Traffic congestion nationally reached a new peak last year and is greater than ever before, according to a report by the Texas A&M Transportation Institute and INRIX Inc. Their analysis is based on federal data on the number of cars on the road and on traffic speed data collected by INRIX on 1.3 million miles of urban streets and highways. 1. Washington, D.C.-...

  • WELLINGTON, New Zealand— New Zealand's national airline on Wednesday posted a 24 percent jump in annual profit after benefiting from lower fuel costs and continuing its expansion in Asia and North America. Air New Zealand announced after-tax profits of 327 million New Zealand dollars for the year to the end of June. The company said it plans to add routes to...

  • Solera reports 4Q loss Tuesday, 25 Aug 2015 | 4:39 PM ET

    WESTLAKE, Texas _ Solera Holdings Inc. on Tuesday reported a fiscal fourth-quarter loss of $146.8 million, after reporting a profit in the same period a year earlier. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 80 cents per share. Solera shares have fallen 19 percent since the beginning of the year.

  • *China cuts interest rates, helping global stock market rebound. NEW YORK, Aug 25- Oil rose as much as 3 percent on Tuesday as oversold conditions brought some buyers back to the market, but a lingering supply glut and worries about the slowing economy in top commodities consumer China kept crude prices near 6-1/ 2- year lows. "Forty dollars a barrel is not sustainable...

  • Aug 25- Exxon Mobil Corp's $225 million settlement with the administration of New Jersey Governor Chris Christie of a longstanding environmental pollution case won approval on Tuesday from a state judge, over the objections of critics who called the accord a sellout. Judge Michael Hogan of the State Superior Court called the accord a "reasonable compromise...

  • ALBUQUERQUE, N.M.— Tens of thousands of low-income New Mexicans will have more time to meet work and job-training requirements if they want to remain eligible for food stamps, state officials announced Tuesday. New Mexico Human Services Secretary Brent Earnest told The Associated Press that his department decided to delay implementation of the...

  • The Silverton Board of Trustees and the San Juan County Commission approved a joint resolution Monday to seek the money. The U.S. Environmental Protection Agency had pushed for 25 years to grant Superfund status to the Gold King mine and other idled 19th century mines leaking heavy metals above Silverton. Local authorities spurned federal intervention,...

  • WASHINGTON, Aug 25- Five Federal Reserve banks renewed their calls in July for the central bank to raise the rate it charges commercial banks for emergency loans, minutes from the Fed's discount rate meeting last month showed. Ahead of the Fed's July 28-29 policy-setting meeting, directors of the Cleveland, Dallas, Philadelphia, Kansas City and Richmond Fed...

  • Ripple effects of oil plunge Tuesday, 25 Aug 2015 | 1:43 PM ET
    Ripple effects of oil plunge

    CNBC's Morgan Brennan reports on Midland, Texas, where unemployment remains low because of fewer workers in the energy sector.

  • The lawsuits were filed between last month and Monday by Ashley Madison users in California, Texas, Missouri, Georgia, Tennessee and Minnesota. "Needless to say, this dumping of sensitive personal and financial information is bound to have catastrophic effects on the lives of the website's users," according to a lawsuit filed Friday on behalf of an anonymous Los...

  • Albemarle moving corporate headquarters to Charlotte Tuesday, 25 Aug 2015 | 12:53 PM ET

    NEW YORK— Albemarle is moving its corporate headquarters and performance chemicals business from Baton Rouge, Louisiana, to Charlotte, North Carolina. The specialty chemicals company said that it's also moving workers at its refining solutions business in Baton Rouge to an existing office in Clear Lake, Texas. Albemarle Corp. said that about 120 of its...

  • *New home sales increase 5.4 percent in July. WASHINGTON, Aug 25- New U.S. single-family home sales rebounded in July and consumer confidence increased to a seven-month high in August, pointing to underlying strength in the economy that could still allow the Federal Reserve to raise interest rates this year. New home sales increased 5.4 percent to a seasonally...

  • NEW YORK, Aug 25- U.S. single-family home prices rose a tad faster from a year ago in June, suggesting resilience in the housing sector as the Federal Reserve has stuck to a near-zero interest rate policy, a closely watched survey said on Tuesday. Denver, San Francisco, and Dallas again experienced the biggest year-over-year home appreciation among the 20 cities...

  • US home prices rise steadily in June as sales pick up Tuesday, 25 Aug 2015 | 9:06 AM ET

    Prices rose 10.2 percent in Denver, 9.5 percent in San Francisco and 8.2 percent in Dallas. Chicago posted the smallest gain, just 1.4 percent. The National Association of Realtors said last week that sales of existing homes rose 2 percent in July to a seasonally adjusted annual rate of 5.59 million, the fastest pace since February 2007.

  • NEW YORK, Aug 25- U.S. single-family home prices rose a tad faster from a year ago in June, suggesting resilience in the housing sector as the Federal Reserve has stuck to a near-zero interest rate policy, a closely watched survey said on Tuesday. Denver, San Francisco, and Dallas again experienced the biggest year-over-year home appreciation among the 20 cities...

  • BILLINGS, Mont.— U.S. and China officials took a major step Tuesday toward an agreement to advance "clean coal" technologies that purport to reduce the fuel's contribution to climate change— and could offer a potential lifeline for an industry that's seen its fortunes fade. The agreement between the U.S. Department of Energy and China's National Energy...

  • NEW YORK, Aug 24- The U.S. Patent and Trademark Office on Monday rejected an attempt by prominent hedge fund manager Kyle Bass to challenge two patents on Acorda Therapeutics Inc's flagship multiple sclerosis drug, Ampyra. Bass, founder of Dallas- based Hayman Capital Management, has said big companies were improperly extending patent protection in...

  • It was the S&P 500' s worst day since 2011 and followed an 8.5 percent slump in China markets, which sparked a sell-off in global stocks along with oil and other commodities. Wall Street had stayed in a narrow range for much of 2015, but volatility returned this month as investors became increasingly concerned about a potential stumble in China's economy and...

  • *China stocks fall almost 9 pct, hurt by Beijing's inaction. *More than 1 trillion euros wiped off European stocks in August Dollar slides vs euro, yen; Treasury yields hit 4- month low. NEW YORK, Aug 24- A near-9 percent dive in China shares sent world stocks and commodity prices tumbling on Monday, and U.S. stocks ended a volatile day with the S&P 500 and Nasdaq composite...

  • Documents released by U.S. officials have revealed that the Environmental Protection Agency knew of the potential for a blowout of toxic wastewater from a Colorado mine more than a year before a government cleanup team accidentally triggered such a release earlier this month. About 3 million gallons of water from the mine flowed into Colorado's Animas...