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Top News & Analysis Houston

  • *Flooding expected to peak Wednesday or Thursday in Houston. National Guard troops, police officers, rescue workers and civilians raced in helicopters, boats and special high-water trucks to rescue the hundreds of people still stranded in and around Houston, the nation's fourth-largest city. The storm was the most powerful hurricane to strike Texas in more...

  • WASHINGTON, Aug 28- U.S. lawmakers are expected to pass a large aid package for victims of Hurricane Harvey, but specifics of the plan and its price tag are unclear as Congress awaits a funding request from the Trump administration. Historic flooding from Harvey, which came ashore in Texas last week as a powerful Category 4 hurricane and is now a tropical storm, has...

  • *Flooding expected to peak Wednesday or Thursday in Houston. National Guard troops, police officers, rescue workers and civilians raced in helicopters, boats and special high-water trucks to rescue the hundreds of people still stranded in and around Houston, the nation's fourth-largest city. The storm was the most powerful hurricane to strike Texas in more...

  • *Flooding expected to peak Wednesday or Thursday in Houston. Thousands of National Guard troops, police, rescue workers and civilians raced in helicopters, boats and special high-water trucks to rescue the hundreds of people still believed trapped in Houston, the nation's fourth-largest city. The storm was the most powerful hurricane to strike Texas in more...

  • NEW ORLEANS, Aug 28- Dick Gremillion has watched Houston officials come under fire for deciding not to order an evacuation ahead of the epic flooding that has left hundreds of people in the country's fourth-largest city trapped in their homes. But as the Louisiana parish where he serves as emergency preparedness director faces its own deluge from Tropical...

  • Aug 28- U.S. mortgage agencies face possible losses on some of the 400,000 mortgages they guarantee on homes ravaged by Hurricane Harvey, but they will not know the extent of the damage until the wind and rain stop in Texas and Louisiana. More than 200,000 homes with mortgages guaranteed by Fannie Mae and Freddie Mac are in areas hit by Hurricane Harvey, the most...

  • WASHINGTON, Aug 28- U.S. lawmakers are expected to pass a large aid package for victims of Hurricane Harvey, but specifics of the plan and its price tag are unclear as Congress awaits a funding request from the Trump administration. Rain continued to pound Houston and the Gulf Coast on Monday as President Donald Trump said he expected rapid funding from Congress...

  • *Flooding expected to peak Wednesday or Thursday in Houston. Thousands of National Guard troops, police, rescue workers and civilians raced in helicopters, boats and special high-water trucks to rescue the hundreds of people still believed trapped in Houston, the nation's fourth-largest city. The storm was the most powerful hurricane to strike Texas in more...

  • *Storm to dump more rain on Texas. Sources said the Motiva Port Arthur refinery in Texas, the country's largest refinery, was considering shutting down as water poured into the plant. "This flooding issue could be a persistent issue with the staff unable to repopulate the facilities," said John Kilduff, partner with energy hedge fund Again Capital in New York.

  • HOUSTON, Aug 28- U.S. fuel prices surged on Monday as two more Gulf Coast refiners cut output and a third considered reductions, leaving more than 13 percent of the country's refining capacity offline after Tropical Storm Harvey flooded plants and shut seaports. The storm swung back over the Gulf of Mexico on Monday and was expected to bring another 10 to 15 inches...

  • NEW YORK/ HOUSTON, Aug 27- Tropical Storm Harvey's effect is expected to ripple through Latin America after it shut in over 1 million barrels per day of U.S. gasoline and diesel exports typically destined for countries such as Mexico and Brazil. "Any hiccup in U.S. refined product exports is highly disruptive to the supply chain given the dependency of nations like...

  • BOSTON/ FRANKFURT, Aug 28- Hurricane Harvey's whipsaw of wind and rain across Houston and the Texas Gulf Coast hurt the shares of U.S. property and casualty insurers on Monday as Wall Street analysts estimated insured losses as high as $20 billion. "Our best guess at this point is Harvey could result in $10 billion to $20 billion of industry insured losses, making it...

  • *Flooding expected to peak Wednesday or Thursday in Houston. Thousands of National Guard troops, police, rescue workers and civilians raced in helicopters, boats and special high-water trucks to rescue the hundreds of people still believed trapped in Houston, the nation's fourth-largest city, during a brief lull in the storm. Harvey became the most powerful...

  • *Kite Pharma soars after $11.9 bln deal with Gilead. NEW YORK, Aug 28- The S&P 500 and Dow ended little changed on Monday, with energy and bank shares lower as Tropical Storm Harvey crippled the U.S. energy hub in Texas, while tech and healthcare gave a light boost to the Nasdaq. Harvey, the most powerful hurricane to strike the southern U.S. state in more than 50 years when...

  • WASHINGTON, Aug 28- President Donald Trump said on Monday he would talk with Congress about how to fund what will be a very expensive recovery from Hurricane Harvey as deadlines loom on the U.S. budget and federal debt ceiling. It is unclear how the hurricane relief will impact budget talks in Washington. Trump will visit Texas on Tuesday.

  • NEW YORK, Aug 28- Shares of U.S. home improvement retailers and oil refiners climbed on Monday as flooding from Tropical Storm Harvey in Houston, Texas, was likely to worsen in the fourth-largest U.S. city. Harvey, which made landfall late on Friday as the most powerful hurricane to hit Texas in more than 50 years, has killed at least two people. It has since hovered...

  • WASHINGTON, Aug 28- President Donald Trump said on Monday hurricane recovery efforts will be very expensive and said he would be talking to the U.S. Congress about it as he prepared for a trip to the storm zone. Speaking to reporters in the Oval Office, Trump lauded the efforts by Texans to extract storm victims from flooded areas of Houston and beyond after record...

  • WASHINGTON, Aug 28- President Donald Trump said on Monday hurricane recovery efforts will be very expensive and said he would be talking to the U.S. Congress about it as he prepared for a trip to the storm zone. Speaking to reporters in the Oval Office, Trump lauded the efforts by Texans to extract storm victims from flooded areas of Houston and beyond after record...

  • WASHINGTON, Aug 28- President Donald Trump said on Monday hurricane recovery efforts will be very expensive and said he would be talking to the U.S. Congress about it as he prepared for a trip to the storm zone. Speaking to reporters in the Oval Office, Trump lauded the efforts by Texans to extract storm victims from flooded areas of Houston and beyond after record...

  • WASHINGTON, Aug 28- President Donald Trump said on Monday hurricane recovery efforts will be very expensive and said he would be talking to the U.S. Congress about it as he prepared for a trip to the storm zone. Speaking to reporters in the Oval Office, Trump lauded the efforts by Texans to extract storm victims from flooded areas of Houston and beyond after record...