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Top News & Analysis Houston

  • The U.S. dollar index dropped to its lowest in roughly 16 months and a more than 2½-year low against the euro on Monday.

  • ROCKPORT, Texas, Aug 27- When state emergency authorities pulled into the storm shelter in the small city of Rockport, Texas on Saturday, they asked the obvious first question: Whos in charge here? Katie Contrera, of the Texas Emergency Medical Task Force recalled asking him. The slim screenwriter had moved to Rockport from Lexington, Kentucky only three months...

  • NEW YORK, Aug 28- General Electric Co wants its industrial software business to cut costs and lift profits next year under new chief executive John Flannery, and is considering expanded partnerships and the possible sale of some equity in the unit, according to people familiar with the business. Former chief executive Jeffrey Immelt spent six years and more...

  • *Storm to linger off coast of Texas through Tuesday. Harvey came ashore over the weekend as the most powerful hurricane to hit Texas in more than 50 years, killing at least two people, causing large-scale flooding, and forcing the closure of Houston port as well as several refineries. The U.S. National Hurricane Center said on Monday that Harvey was moving away from...

  • *Harvey now about 105 miles from Houston. *Houston residents told to climb on roof if homes flood. HOUSTON, Aug 27- Catastrophic flooding triggered by Tropical Storm Harvey inundated Houston on Sunday, forcing residents of the fourth most populous U.S. city to flee in boats or hunker down in anticipation of several more days of "unprecedented" rainfall.

  • TOKYO, Aug 28- The euro extended gains to a 2-1/ 2- year high against the dollar on Monday after the European Central Bank president held back from talking down the currency and as markets worried about the impact of Tropical Storm Harvey on the U.S. economy. The common currency had already surged about 1 percent on Friday after ECB President Mario Draghi spoke at...

  • *Storm to linger off coast of Texas through Tuesday. Harvey came ashore over the weekend as the most powerful hurricane to hit Texas in more than 50 years, killing at least two people, causing large-scale flooding, and forcing the closure of Houston port as well as several refineries. The U.S. National Hurricane Center said on Monday that Harvey was moving away from...

  • TOKYO, Aug 28- Japan's Nikkei share average edged lower on Monday, as investors assessed the impact of a weaker dollar following a central bank conference in Jackson Hole, Wyoming, as well as the damage from Tropical Storm Harvey. The dollar came under pressure after Federal Reserve Chair Janet Yellen made no reference to U.S. monetary policy in her speech at the...

  • WASHINGTON, Aug 27- Flood damage in Texas from Hurricane Harvey may equal that from 2005' s Hurricane Katrina, the costliest natural disaster in U.S. history, said an insurance research group on Sunday. As heavy rain pounded Houston and Texas's coastal counties, the Insurance Information Institute said it was still too soon to make precise estimates of the damage...

  • *Harvey now about 105 miles from Houston. *Houston residents told to climb on roof if homes flood. HOUSTON, Aug 27- Catastrophic flooding triggered by Tropical Storm Harvey inundated Houston on Sunday, forcing residents of the fourth most populous U.S. city to flee their homes in boats or hunker down in anticipation of several more days of "unprecedented" rainfall.

  • *Storm to linger off coast of Texas through Monday. The storm came shore over the weekend as the most powerful hurricane to hit Texas in more than 50 years, killing at least two people, causing large-scale flooding, and forcing the closure of Houston port as well as several refineries. Texas is home to 5.6 million barrels of refining capacity per day, and Louisiana...

  • Flooding and a damaged home are seen after Hurricane Harvey hit Rockport, Texas, Saturday, Aug. 26, 2017.

    Rescue crews raced against rising floodwaters early on Sunday to pull hundreds of stranded residents from their homes.

  • *EUR/USD extends gains, hits highest since January 2015. TOKYO, Aug 28- The euro extended gains to a 2-1/ 2- year high against the dollar on Monday after the European Central Bank president held back from talking down the currency and as markets worried about the impact of Tropical Storm Harvey on the U.S. economy. Even if he had done so, the euro likely would have risen...

  • SYDNEY, Aug 28- U.S. corn ticked higher on Monday, edging up from a more than seven-month low touched in the previous session, although gains were checked as fears of widespread crop losses eased. *The most active corn futures on the Chicago Board Of Trade were 0.1 percent higher at $3.54 a bushel by 0043 GMT, having closed down 0.8 percent in the previous session when...

  • Texas is home to 5.6 million barrels of refining capacity per day, and Louisiana has 3.3 million barrels. Spot prices for U.S. gasoline futures surged 7 percent to a peak of $1.7799 per gallon, the highest level since late July 2015, as the fierce storm battered large parts of the Gulf coast of Texas, the heart of the U.S. oil industry. The U.S. National Hurricane Center...

  • *Houston residents told to climb on roof if homes flood. HOUSTON, Aug 27- Catastrophic flooding triggered by Tropical Storm Harvey inundated Houston on Sunday, forcing residents of the fourth most populous U.S. city to flee their homes in boats or hunker down in anticipation of several more days of "unprecedented" rainfall. More than 30 inches of rain had fallen in...

  • *EUR/USD extends gains, hits highest since January 2015. TOKYO, Aug 28- The euro extended gains to a 2-1/ 2- year high against the dollar on Monday after the European Central Bank president did not try to talk down the currency and as markets worried about the impact of Tropical Storm Harvey on the U.S. economy. Even if he had done so, the euro likely would have risen...

  • ALL PORT HOUSTON FACILITIES WILL BE CLOSED ON MONDAY DUE TO THE CONTINUED WEATHER THREAT- PORT SPOKESWOMAN.

  • Aug 27- Days before Hurricane Harvey barreled into the Texas coast on Friday, home improvement retailers were preparing truckloads of lumber, shingles and other materials that property owners in the storm-raked communities will need to rebuild. The deliveries will have to wait, however, as 56 stores between Home Depot and Lowe's in southeast Texas remained...

  • *Houston residents told to climb on roof if homes flood. HOUSTON, Aug 27- Catastrophic flooding triggered by Tropical Storm Harvey inundated Houston on Sunday, forcing residents of the fourth most populous U.S. city to flee their homes in boats or hunker down in anticipation of more days of "unprecedented" rainfall. More than 30 inches of rain had fallen in parts of...