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Top News & Analysis Texas

  • NEW YORK, July 17- Some billionaires are household names, but others like John Arnold are virtual unknowns. Arnold, 44, an energy trader at Enron Corp before its collapse in 2002 in an epic financial scandal, founded Houston- based hedge fund Centaurus Advisors but retired in 2012 at the prime of his career to focus with his wife on philanthropy.

  • NEW YORK, July 17- Some billionaires are household names, but others like John Arnold are virtual unknowns. Arnold, 44, an energy trader at Enron Corp before its collapse in 2002 in an epic financial scandal, founded Houston- based hedge fund Centaurus Advisors but retired in 2012 at the prime of his career to focus with his wife on philanthropy.

  • *Oil worker strike in Norway intensified on Monday. TOKYO, July 17- Oil prices fell for a second day on Tuesday as worries about possible disruptions to supply eased and as investors focused on potential damage to global growth from the festering Sino-U.S. trade spat. Brent crude futures fell 32 cents, or 0.5 percent, to $71.52 a barrel by 0638 GMT to the lowest since...

  • *Oil worker strike in Norway intensified on Monday. TOKYO, July 17- Oil prices fell for a second day on Tuesday as worries about possible disruptions to supply eased and as investors focused on potential damage to global growth from the festering Sino-U.S. trade spat. Brent crude futures had dropped 12 cents, or 0.2 percent, to $71.72 a barrel by 0614 GMT after...

  • TOKYO, July 17- Brent crude prices rose from a three-month low on Tuesday after more oil workers went on strike in Norway, supporting a market that has been dominated by oversupply issues in recent days. Brent crude futures had climbed 28 cents, or 0.4 percent, to $72.12 a barrel by 0331 GMT. An oil worker strike in Norway intensified on Monday when hundreds more...

  • July 16- A $1.1 billion U.S. shale pipeline on Monday was denied an exclusion to the Trump administration's tariff on imported steel, the first such ruling on a major energy project since the tariff went into effect. Pipeline operator Plains All American Pipeline LP's request was denied because suitable product is available from domestic producers, the...

  • TOKYO, July 17- Brent crude prices rose from a three-month low on Tuesday after more oil workers went on strike in Norway, supporting a market that has been dominated by oversupply issues in recent days. Brent crude futures had climbed 36 cents, or 0.5 percent, to $72.20 a barrel by 0106 GMT. An oil worker strike in Norway intensified on Monday when hundreds more...

  • July 16- A $1.1 billion U.S. shale pipeline project on Monday was denied an exclusion to the Trump administration's tariff on imported steel, the first ruling on a major energy export project. U.S. pipeline operator Plains All American Pipeline LP's bid to avoid the 25 percent tariff on pipe imported from Greece was denied because domestic product is available,...

  • July 16- U.S. pipeline operator Plains All American Pipeline LP's bid for an exemption to the Trump administration's 25 percent steel tariff for a major shale oil project was rejected on Monday, according to a Commerce Department filing. The decision was the first to hit a major energy export project. Plains sought to use imported steel for its $1.1 billion...

  • Luis Carlos de Leon-Perez, a 42- year-old dual citizen of the United States and Venezuela, admitted his role in the scheme to bribe officials of Venezuela's state-owned-and-controlled oil company, Petroleos de Venezuela, or PDVSA, the U.S. Attorney's Office in Houston announced. Ramirez was one of Venezuela's most powerful officials until he resigned as...

  • Mexico's Damojh says steep take-off caused Cuba plane crash. MEXICO CITY- Mexican aviation company Damojh said on Monday a very steep take-off angle led one of its planes to crash in Cuba in May, killing 112 people, according to black boxes retrieved from the wreckage. Texas fetal tissue burial law on trial at U.S. court.

  • He became the 12th person to plead guilty as part of a larger investigation by the Justice Department into bribery at Petroleos de Venezuela SA that became public with the arrest of two Venezuelan businessmen in December 2015. De Leon is scheduled to be sentenced on Sept. 24. De Leon was arrested in October 2017 in Spain and was extradited to the United States...

  • WASHINGTON, July 16- The United States in certain cases will consider waivers for countries that need more time to wind down imports of oil from Iran as it seeks to avoid disrupting global oil markets while reimposing sanctions against Tehran, U.S. Treasury are expected for talks in Delhi this week to discuss Iran sanctions, according to Indian officials.

  • Luis Carlos De Leon-Perez, 42, pleaded guilty in federal court in Houston to conspiring to violate the Foreign Corrupt Practices Act and to conspiring to commit money laundering, the U.S. Justice Department said. He became the 12th person to plead guilty as part of a larger investigation by the Justice Department into bribery at Petroleos de Venezuela SA that...

  • John D. Schiller Jr agreed to settle the case without admitting or denying the charges, by paying a $180,000 penalty and not serving as an officer or director of a public company for five years, the SEC said on Monday. Schiller cooperated fully with the SEC in its investigation and is happy to put this matter behind him with this settlement, "Schiller's attorney,...

  • LONDON— Aviation is soaring: Passenger traffic is up, fuel prices are under control and rising demand from Asia is driving aircraft orders. "Well over of 80 percent of U.S. commercial aerospace is exported," said Richard Aboulafiah, a respected aviation analyst at the Teal Group. Boeing and Airbus, its European rival based in Toulouse, France, dominate the commercial...

  • FORT WORTH, Texas— The two things that stand out most about Spirit Airlines are its low fares and high number of complaints. Christie sat down with The Associated Press recently at Dallas-Fort Worth International Airport and talked about how Spirit will handle rising fuel costs, the airline's plan for growth, and how it will improve its reputation.

  • HOUSTON _ Luby's Inc. on Monday reported a loss of $14.6 million in its fiscal third quarter. The Houston- based company said it had a loss of 49 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • WASHINGTON, July 16- As November's U.S. elections approach, Republicans in the House of Representatives and the Trump administration are planning another deficit-financed tax-cut plan, but one widely seen as a vote-getting exercise with little chance of becoming law. House tax committee Chairman Kevin Brady says his panel and the White House are...

  • *U.S. now world's No. 2 oil producer behind Russia. LONDON/ NEW YORK, July 15- The world's biggest oil traders are counting hefty losses after a surprise doubling in the price discount of U.S. light crude to benchmark Brent in just a month, as surging U.S production upends the market. It highlights the challenges of trading in WTI futures, the benchmark for U.S. crude, when...