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Top News & Analysis Texas

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  • UPDATE 1-3M follows other big companies - reorganizes Wednesday, 3 Oct 2012 | 1:08 PM ET

    Oct 3- 3 M Co said Wednesday it had restructured into five major business groups, down from six, and set up new roles for some of its senior executives.

  • Perry on Texas' Power Market Wednesday, 3 Oct 2012 | 12:00 PM ET
    Perry on Texas' Power Market

    Texas Governor Rick Perry talks to CNBC's David Faber about his state's efforts to develop power sources in Texas.

  • TEXT-S&P ratess Roofing Supply Group proposed loan Wednesday, 3 Oct 2012 | 11:38 AM ET

    --Dallas- based Roofing Supply Group LLC plans to increase its seven-year bank term loan B by $25 million to $315 million and will utilize proceeds to repay revolving credit borrowings.

  • Interveners drop out of lawsuit against RiceTec Wednesday, 3 Oct 2012 | 10:45 AM ET

    LITTLE ROCK, Ark.-- More than four dozen rice farmers in Arkansas, Louisiana and Texas who sought to intervene in a lawsuit against RiceTec Inc. have decided to withdraw from the legal action. Alvin, Texas,- based RiceTec announced Tuesday that the 51 farmers are opting out of the lawsuit.

  • T-Mobile USA set to merge with MetroPCS Wednesday, 3 Oct 2012 | 10:10 AM ET

    BERLIN-- Struggling cellphone companies T-Mobile USA and MetroPCS Communications are set to merge, in a deal that will create an operator with more than 40 million subscribers.

  • UPDATE 3-Seadrill looks to move from Norway, CEO quits Wednesday, 3 Oct 2012 | 10:00 AM ET

    *Seadrill may move to London, Singapore.

  • NEW YORK, Oct 3- U.S. natural gas futures slid more than 3 percent early Wednesday amid profit-taking after gaining more than 24 percent over six straight winning sessions. But many traders remained concerned that gas priced at well above $3 per million British thermal units would continue to lose market share to coal for power generation.

  • NEW YORK, Oct 3- U.S. natural gas futures slid n early 3 pe rcent early W ednesday a mid p rofit-taking a fter gaining more than 24 percent ov er s ix straight wi nning se ssions. But many traders remained concerned that gas priced at well above $3 per million British thermal units will continue to lose market share to coal for power generation.

  • US begins flying home deported Mexicans Wednesday, 3 Oct 2012 | 9:12 AM ET

    SAN DIEGO-- The U.S. government began flying Mexican deportees home on Tuesday in a two-month experiment aimed at relieving Mexican border cities overwhelmed by large numbers of people ordered to leave the United States, some who fall prey to criminal gangs.

  • T-Mobile USA to merge with MetroPCS Wednesday, 3 Oct 2012 | 9:06 AM ET

    BERLIN-- The parent company of T-Mobile USA says it is merging its cell phone business with MetroPCS Communications. MetroPCS's shareholders will have the remaining stake and receive a payment of about $1.5 billion.

  • Pearson chief executive to step down Wednesday, 3 Oct 2012 | 9:00 AM ET

    LONDON-- Pearson PLC, the U.K. publisher and education company, said Wednesday that chief executive Marjorie Scardino has decided to step down.

  • Labor standoffs silence orchestras in Minn., Ind. Wednesday, 3 Oct 2012 | 8:57 AM ET

    MINNEAPOLIS-- The Minnesota Orchestra was called the world's greatest not long ago, welcome recognition for musicians based outside a top cultural center. In Minneapolis, the Minnesota Orchestra has already cancelled concerts through Nov. 25 as negotiators argue over a proposal to trim the performers' average salary by $46,000 a year.

  • Ranchers see increase in grass thefts amid drought Wednesday, 3 Oct 2012 | 3:07 AM ET

    VAUGHN, N.M.-- Petty crime and burglaries aren't unusual in New Mexico's isolated Guadalupe County, but lately Sheriff Michael Lucero has seen thieves steal something a bit unexpected: grass.

  • Rare century-old $5 Alaska bill to be auctioned Wednesday, 3 Oct 2012 | 3:02 AM ET

    ANCHORAGE, Alaska-- The $5 bill displayed for decades on Charles Fairbanks IV's wall was long a treasured family heirloom from Alaska. The rare find is expected to fetch as much as $300,000 at auction this month when a Texas auctioneer plans to put it up for bids in Dallas and online as part of the American Numismatic Association National Money Show.

  • LONDON, Oct 3- European stocks were set for a slightly lower open on Wednesday as new gloomy economic data and uncertainty about Spain's debt crisis eclipsed underlying optimism about coordinated monetary support from central banks across the world.

  • UPDATE 1-NORDIC STOCKS - Factors to watch on Oct 3 Wednesday, 3 Oct 2012 | 2:29 AM ET

    HELSINKI, Oct 3- The following stocks may be affected by newspaper reports and other factors on Wednesday:. The government, which owns 13.5 percent of Nordea's shares, has been clear it wants to sell its stake and has a mandate from the parliament. It already sold 6.3 percent of Nordea shares in February 2011.

  • NORDIC STOCKS - Factors to watch on Oct 3 Wednesday, 3 Oct 2012 | 2:11 AM ET

    HELSINKI, Oct 3- The following stocks may be affected by newspaper reports and other factors on Wednesday:. The Oslo- listed oil driller said it plans to replace Chief Executive Alf Thorkildsen with Fredrik Halvorsen, the head of its Archer affiliate, and is looking to relocate management outside Norway.

  • AA jet returns to DFW due to landing-gear warning Wednesday, 3 Oct 2012 | 12:39 AM ET

    FORT WORTH, Texas-- American Airlines says a jet returned to Dallas-Fort Worth International Airport shortly after takeoff because of a cockpit indicator that showed a problem with the landing gear. Airline spokesman James Faulkner said Tuesday that the landing gear was still working and the plane made a safe landing.

  • AA and unions agree to resume contract talks Wednesday, 3 Oct 2012 | 12:10 AM ET

    DALLAS-- American Airlines and its pilots' union have agreed to resume stalled contract negotiations. Thomas Horton, CEO of American parent AMR Corp., which is operating under bankruptcy protection, said Tuesday he was pleased that "intensive bargaining" was scheduled to begin this week.

  • Cash-strapped states weigh tax policy on drilling Wednesday, 3 Oct 2012 | 12:01 AM ET

    COLUMBUS, Ohio-- For decades, one tiny county in the rolling hills of Ohio's rural reaches was a depressed farm community saddled with double-digit unemployment. Now, Carroll County boasts more active oil and gas wells than any other in the state, and the tax dollars are flowing right along with the crude and natural gas.