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Top News & Analysis Texas

  • Shares of Dean Foods Co spin-off closed at $16.75 after pricing at $17 on Thursday evening. Reuters reported late on Thursday that Mexico's Grupo Lala, Michael Foods and Apollo were eyeing the Morningstar business, which could be valued between $1 billion and $1.5 billion.

  • HOUSTON-- Robbins& Myers Inc. still intends to close a $2.5 billion sale of the company to National Oilwell Varco Inc. by the end of the year, despite additional regulatory review of the deal.

  • Shares of the Dallas, Texas- based Dean Foods Co spin-off changed hands at $16.87, after pricing at $17 on Thursday evening. Reuters reported late on Thursday that Mexico's Grupo Lala, Michael Foods and Apollo were eyeing the Morningstar business, which could be valued between $1 billion and $1.5 billion.

  • DALLAS-- Specialty chemicals company Celanese Corp. said Friday that it will increase the price of acrylic-based emulsions sold in the Americas.

  • JACKSON, Miss.-- Arkansas regulators are giving cautious approval to Entergy Corp.' s plans to let an outside group manage power transmission. Entergy wants its utilities to join the Midwest Independent Transmission System Operator, or MISO. Entergy still needs blessings from Mississippi and New Orleans city officials.

  • HOUSTON-- Global Geophysical Services Inc. on Friday named Richard White its new president and chief executive officer. He replaces Richard Degner as president and CEO; Degner will continue as non-executive chairman of Global Geophysical and as president of Autoseis Inc., a subsidiary. Global Geophysical shares fell 15 cents, or 3 percent, to close at $4.88.

  • HOUSTON-- The Public Utility Commission of Texas has approved NRG Energy Inc.' s proposed all-stock acquisition of GenOn Energy Inc., the companies said Friday. The deal must still receive the approval of state regulators in New York, the Federal Energy Regulatory Commission and the two companies' shareholders before it can go forward.

  • FORT WORTH, Texas-- So many mechanics at American Airlines are taking buyouts that the company expects it will need to lay off only a small fraction of the number it had originally planned.

  • The offers cover passengers flying in or out of just about any airport from Latin America to New Hampshire. The airlines have only canceled a handful of flights so far, nearly all of them in and out of Florida and the Caribbean. Hurricane Sandy killed at least 20 people in the Caribbean, and left Bahamas this afternoon.

  • HOUSTON-- Oil and gas company Endeavour International Corp. said Friday it was given 7 new licenses to explore areas in the U.K. North Sea. The licenses were awarded by the Department of Energy and Climate Change. Houston- based Endeavour focuses on acquiring, exploring and developing energy reserves in the North Sea and U.S.

  • HOUSTON, Oct 26- A federal judge on Friday delayed until February 2013 the start of a massive trial to determine liability from the 2010 Deepwater Horizon oil spill, citing tourist events that will keep New Orleans' hotels booked.

  • SANTA FE, N.M.-- An oil refinery in New Mexico will pay a $400,000 fine in a settlement over safety violations stemming from an explosion that killed two employees and injured two others.

  • Texas- based oilfield services company Baker Hughes Inc. reported Friday that 1,408 rigs were exploring for oil and 416 were searching for gas. Of the major oil- and gas-producing states, Texas dropped seven rigs and New Mexico fell by 5. Alaska and Oklahoma lost three apiece, and West Virginia was down by two.

  • Oct 26- WhiteWave Foods Co shares rose almost 12 percent in their New York Stock Exchange debut on Friday, as investors bet on the growth of the organic foods sector. Shares of the Dallas, Texas- based Dean Foods Co spinoff opened at $19, up 11.8 percent, after pricing at $17, above the expected range.

  • Oct 26- WhiteWave Foods Co shares rose almost 12 percent in their New York Stock Exchange debut on Friday, as investors bet on the growth of the organic foods sector. Shares of the Dallas, Texas- based Dean Foods Co spinoff opened at $19, up 11.8 percent, after pricing at $17, above the expected range.

  • WASHINGTON-- The students in the Saturday morning class trickle in and, as they introduce themselves around a table, reveal far more intimate biographies than just name and hometown. Forgive me, "an Iraq war veteran begins haltingly."

  • RAPID CITY, S.D.-- A Texas- based pipe maker has started construction on a manufacturing plant in Rapid City, South Dakota. WL Plastics Director Mike Dahl says the South Dakota plant will help supply North Dakota's oil industry. WL Plastics also has facilities in Texas, Kentucky, Utah, Wyoming and the Canadian province of Alberta, Canada.

  • Oct 26- Chemical producer LyondellBasell Industries NV posted a 6 percent drop in quarterly profit on Friday due in part to higher costs in European operations. For the third quarter, the company reported net income fell to $846 million, or $1.46 per share, from $895 million, or $1.33 per share, in the year-ago period.

  • The company was spun off from Dean Foods Co. at a time when the organic and natural foods segment is growing faster than the broader packaged food market.

  • The maximum wholesale rate will rise from $4,500 a megawatt hour now to $5,000 in June 2013, $7,000 in June 2014 and $9,000 in June 2015. State officials have warned that higher prices are needed to encourage companies to build more power plants as the Texas population grows.