Top News & Analysis Texas


  • TEXT-S&P may raise Nexstar Broadcasting Friday, 5 Oct 2012 | 2:23 PM ET

    --On July 19, 2012, U.S. broadcaster Nexstar entered into an agreement to purchase 12 TV stations owned by Newport Television Holdings for $285 million, concluding the company's strategic review process. --We are placing our' B' rating on the company on CreditWatch with positive implications.

  • NASHVILLE, Tenn., Oct 5- Tennessee confirmed on Friday four more cases of rare fungal meningitis, as health officials in 23 states scrambled to notify thousands of patients who received steroid injections linked to an outbreak that has killed five people. Three of the dead were in Tennessee, where the outbreak began, and one each in Virginia and Maryland.

  • By Braden Reddall and Nichola Groom. SAN FRANCISCO/ LOS ANGELES, Oct 5- Californians awoke on Friday to yet another unprecedented spike in the price of gasoline that brought the one-week increase in the Golden State to a whopping 36 cents a gallon. "It's insane," said Matt Hurd, 35, as he filled up at a San Francisco gas station near the Bay Bridge. "

  • AA's Eagle airline in deal with maintenance crews Friday, 5 Oct 2012 | 1:44 PM ET

    FORT WORTH, Texas-- Maintenance workers at American Eagle will vote on a contract agreement reached with the American Airlines affiliate. The Transport Workers Union said Friday that 1,300 maintenance workers and 10 ground instructors will vote for the next two weeks, with results announced by Oct. 19.

  • US drops 11 to 1,837 rigs exploring for oil, gas Friday, 5 Oct 2012 | 1:34 PM ET

    Texas- based oilfield services company Baker Hughes Inc. reported Friday that 1,398 rigs were exploring for oil and 437 were searching for gas. Of the major oil- and gas-producing states, Texas lost 10 rigs, Louisiana and North Dakota each dropped by three and Alaska and Oklahoma were down two apiece.

  • Oct 5- Southwest Airlines Co reported softer September traffic on Friday as fewer passengers boarded its planes, and its shares were off 1.5 percent as a widely watched revenue measure was below some analysts' expectations. In the third quarter, unit revenue likely increased about 1 percent, Southwest added.

  • CORRECTED-Dave & Buster's withdraws IPO (Oct 5) Friday, 5 Oct 2012 | 1:03 PM ET

    Nutritional supplements seller ViSalus Inc and semiconductor company Cortina Systems Inc also withdrew their IPOs last month. Dave& Buster's owns and operates stores that combine dining and entertainment, providing a casual dining menu with a range of entertainment options. Dave& Buster's is majority backed by Oak Hill Capital Partners.

  • Key revenue measure stops climbing at Southwest Friday, 5 Oct 2012 | 11:47 AM ET

    DALLAS-- Southwest Airlines Co. was left at the gate when other airline stocks rose strongly on Friday morning after the company gave a weak report on September traffic and revenue trends. THE SPARK: Southwest, which also operates AirTran Airways, said September traffic dropped by 2.1 percent and a key revenue measure fell by 2 to 3 percent.

  • Salmonella confirmed in peanut butter plant Friday, 5 Oct 2012 | 11:44 AM ET

    WASHINGTON-- Salmonella has been found in a New Mexico plant that produces nut butters for retailer Trader Joe's and several other large national grocery chains, the Food and Drug Administration said Friday.

  • Atlanta transit system selects new leader Friday, 5 Oct 2012 | 11:12 AM ET

    ATLANTA-- Atlanta's public transit system has named a Texas transportation official as its new chief executive officer and general manager. Before that, he was the CEO of the Charlotte Area Transit System in North Carolina. Parker was selected after a nationwide search for a new CEO and general manager of the Metropolitan Atlanta Rapid Transit Authority.

  • Energy Transfer Partners closes deal for Sunoco Friday, 5 Oct 2012 | 10:43 AM ET

    DALLAS-- Energy Transfer Partners LP said Friday that it completed its acquisition of Sunoco Inc. for about $5.5 billion, creating one of the more diverse pipeline companies in the country.

  • Travel Picks: Top 10 U.S. destinations in October Friday, 5 Oct 2012 | 10:41 AM ET

    NEW YORK, Oct 5- As the calendar page flips to October, we are fully and unquestionably into autumn.

  • NEW YORK, Oct 5- U.S. natural gas futures mostly edged up slightly on Friday, backed by cold U.S. weather forecasts for the next week that should stir more demand despite early pressure from Thursday's bearish weekly inventory report and a mild mid-month outlook. I don't see how you get bullish here, "a Texas- based cash trader said.

  • Romney shifts to center as his confidence grows Friday, 5 Oct 2012 | 10:23 AM ET

    WASHINGTON-- Republican presidential nominee Mitt Romney is shifting sharply to the political center as he begins to deliver a closing argument aimed at a slice of moderate, undecided voters a month before Election Day.

  • Retail gasoline price falls 4 cents at Texas pumps Friday, 5 Oct 2012 | 10:17 AM ET

    IRVING, Texas-- Regular unleaded gasoline prices in Texas have fallen by an average of 4 cents to $3.54 per gallon in the weekly AAA Texas Weekend Gas Watch survey. The state's cheapest gasoline is found in Fort Worth, where the average price fell a nickel to $3.47 per gallon.

  • --Houston- based McJunkin Red Man Corp. is seeking to issue a $750 million term loan due 2019 and plans to use proceeds to refinance existing debt. Rating Action On Oct. 5, 2012, Standard& Poor's Rating Services revised its rating outlook on McJunkin Red Man Corp. to positive from stable and affirmed the' B+' corporate credit rating on the company.

  • Oct 5- Southwest Airlines Co said on Friday traffic fell 2.1 percent in September, as fewer passengers boarded its planes. The Dallas- based discount carrier said traffic, measured by revenue passenger miles, fell to 7.76 billion in the month from 7.93 billion a year earlier. In the third quarter, unit revenue likely increased about 1 percent, Southwest added.

  • Daryl Hannah arrested in Texas protesting pipeline Friday, 5 Oct 2012 | 9:22 AM ET

    HOUSTON-- Actress Daryl Hannah of "Splash" fame was arrested in northeast Texas on Thursday, along with a 78- year-old landowner as the pair protested an oil pipeline designed to bring crude from Canada to the Gulf Coast.

  • Recalled steroid in outbreak went to 23 states Friday, 5 Oct 2012 | 9:18 AM ET

    The steroid medication suspected in an outbreak of a rare kind of meningitis was shipped to 23 states, according to the Centers for Disease Control and Prevention. The specialty pharmacy that made the steroid, New England Compounding Center of Framingham, Mass., recalled three lots of the drug last week and has shut down operations.

  • AP Exclusive: Wyo. Range gas lease buyout planned Friday, 5 Oct 2012 | 9:08 AM ET

    CHEYENNE, Wyo.-- A land conservation group has reached a long-sought agreement with a petroleum company to prevent a controversial gas drilling project inside a national forest by buying out a vast area of federal oil and gas leases in northwest Wyoming.