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Top News & Analysis Texas

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  • Oct 24- Chili's Grill& Bar parent Brinker International Inc on Wednesday said a cool-down in sales at established restaurants was stretching into the current quarter, sending its shares down more than 10 percent.

  • Oklahoma tribe on track to buy La., Miss. casinos Wednesday, 24 Oct 2012 | 4:39 PM ET

    JACKSON, Miss.-- An Oklahoma Indian tribe is moving forward with buying the DiamondJacks casinos in Bossier City, La., and Vicksburg, Miss.. Wilmington Trust, a Delaware institution, leads a syndicate holding $181 million in secured debt with the first claim on Legends assets.

  • Chief: Texas' battered $3B cancer effort endures Wednesday, 24 Oct 2012 | 3:55 PM ET

    AUSTIN, Texas-- An embattled $3 billion cancer-fighting fund in Texas will recover from a controversy that led two Nobel laureates and others to resign over allegations that politics trumped science in spending decisions, state officials told stakeholders Wednesday.

  • Oct 24- Marathon Oil Corp said on Wednesday it is in negotiations to sell a portion of its 20 percent stake in the Athabasca Oil Sands Project in Canada as part of a strategy to shed less profitable assets. No sale of the non-operated Athabasca interest can be assured, Houston- based Marathon said.

  • Ally mortgage servicing unit OKs $3B buyout offer Wednesday, 24 Oct 2012 | 3:15 PM ET

    NEW YORK-- Ally Financial Inc.' s mortgage lending and servicing subsidiary has given preliminary approval to a $3 billion buyout offer from a unit of Ocwen Financial Corp..

  • Oct 24- Marathon Oil Corp said on Wednesday it is in negotiations to sell a portion of its 20 percent stake in the Athabasca Oil Sands Project in Canada as part of a strategy to shed less profitable assets. No sale of the non-operated Athabasca interest can be assured, Houston- based Marathon said.

  • Panama drops money laundering case vs US pilots Wednesday, 24 Oct 2012 | 2:39 PM ET

    HOUSTON-- Two Texas pilots who were arrested in Panama on suspicion of money laundering headed home for good Wednesday after authorities decided there is no case against them, their employer said. Carl Moody and Kenneth Chonoski were arrested after landing in Panama in May last year.

  • Rural Media Group buys another cable network Wednesday, 24 Oct 2012 | 2:36 PM ET

    OMAHA, Neb.-- The Rural Media Group has purchased another cable network to expand its programming into more markets. Rural Media produces RFD-TV and Rural TV with rural-themed programming. The deal gives the company access to several major markets, including New York, Chicago, Atlanta, Dallas and Los Angeles.

  • Dr. Pepper Snapple 3Q profit up, revenue flat Wednesday, 24 Oct 2012 | 1:58 PM ET

    PLANO, Texas-- Dr. Pepper Snapple Group Inc.' s net income climbed 16 percent in the third quarter as the company continued to raise prices. The company, which makes 7 Up, Sunkist, Mott's and other drinks, earned $179 million, or 84 cents per share, for the three months ended Sept. 30. That's up from $154 million, or 71 cents per share, a year ago.

  • Commercial Metals returns to profit in 4Q Wednesday, 24 Oct 2012 | 1:47 PM ET

    IRVING, Texas-- Commercial Metals returned to a profit in its fiscal fourth quarter, helped by lower costs. Revenue fell 16 percent to $1.88 billion from $2.24 billion, which missed Wall Street's estimate of $2.02 billion. For the full year, Commercial Metals Co. earned $207.5 million, or $1.78 per share.

  • Trustmark profit rises as bad loans fall Wednesday, 24 Oct 2012 | 1:32 PM ET

    JACKSON, Miss.-- Trustmark Corp. says profit in the third quarter of 2012 rose 10.9 percent from the same three months of 2011, as it paid less interest on deposits and set aside less money to cover future bad loans.

  • Chili's parent sees 1Q profit rise 18 pct Wednesday, 24 Oct 2012 | 11:18 AM ET

    However, earnings for Dallas- based Brinker International Inc. missed expectations, sending its shares down $2.81, more than 8 percent, to $30.63 Wednesday morning. Brinker, which also has a stake in Romano's Macaroni Grill, said Wednesday that it earned $27.9 million, or 36 cents per share for the three months ended Sept. 26.

  • States With the Most 'One Percenters' Wednesday, 24 Oct 2012 | 11:12 AM ET
    States With the Most 'One Percenters'

    CNBC.com presents a list of the 10 states with the most ultra-high net worth individuals on a per capita basis.

  • Study: ND electrical demand to triple in oil patch Wednesday, 24 Oct 2012 | 11:09 AM ET

    Montana-Dakota Utilities Co. and Basin Electric Power Cooperative also provided funds for the $284,000 study. The state Industrial Commission said in a statement that the study provides valuable information that will be used in addressing the future power demand and infrastructure needs in 22 western North Dakota counties.

  • AEP 3Q earnings fall on lower power demand Wednesday, 24 Oct 2012 | 11:01 AM ET

    COLUMBUS, Ohio-- American Electric Power's net income fell 48 percent in the third quarter as customers' conservation efforts and a slow economy reduced demand for electricity. AEP earned $487 million, or $1 per share, on revenue of $4.16 billion.

  • Mother found guilty in airport pat-down case Wednesday, 24 Oct 2012 | 9:17 AM ET

    NASHVILLE, Tenn.-- A woman was found guilty Tuesday of disorderly conduct for berating security officers trying to pat down her teenage daughter and then refusing to submit to the procedure herself at a Tennessee airport. Jurors deliberated four hours before convicting Andrea Abbott.

  • US Airways posts record 3Q profit Wednesday, 24 Oct 2012 | 8:29 AM ET

    DALLAS-- US Airways turned in a strong performance during a three-month stretch that covers much of the peak summer vacation season. The results are especially important to US Airways Group Inc. as it pursues a merger with American Airlines.

  • US Airways Wednesday, 24 Oct 2012 | 8:25 AM ET

    DALLAS-- US Airways says it earned $245 million in the third quarter, its best profit ever for the 3- month period that covers much of the peak summer vacation season. The airline says it would have earned $192 million, or 98 cents per share, before gains such as a swap of airport landing slots with Delta Air Lines.

  • American to add new US, international flights Wednesday, 24 Oct 2012 | 7:32 AM ET

    DALLAS-- American Airlines says it will start new international routes next year, seeking to capitalize on growth in international travel, especially among high-fare corporate travelers.

  • SAN FRANCISCO, Oct 23- Zynga Inc laid off 5 percent of its full-time workforce and shut its Boston office on Tuesday as it embarked on a sweeping cost-cutting campaign that may eventually see the ``FarmVille'' game creator close its Japanese and British studios as well.