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Top News & Analysis Texas

  • SIOUX FALLS, South Dakota- Federal Reserve Bank of Minneapolis President Neel Kashkari participates in a moderated question-and-answer session at a Sioux Falls Rotary Club event 1725 GMT. NEW YORK- Federal Reserve Bank of New York President William Dudley participates in an economic briefing on employment trends and wage inequality in the Second District,...

  • Net income for Omaha, Nebraska- based Berkshire fell to $4.26 billion, or $2,592 per Class A share, from $5 billion, or $3,042 per share, a year earlier. Operating profit declined 11 percent to $4.12 billion, or $2,505 per Class A share, from $4.61 billion, or $2,803 per share. "They had a good quarter," said Bill Smead, chief executive of Smead Capital Management Inc in...

  • Toyota North America chief Jim Lentz told Reuters in an interview the automaker has not started searching for sites for the plant, expected to employ 4,000 workers, but would locate the factory near Toyota's existing supply chain. Toyota has 10 U.S. plants in eight states in an arc that runs from West Virginia through Kentucky, Indiana, Alabama, Mississippi and...

  • **Far and away the largest subsidy was the $2.3 billion in state and local incentives given to GM in 2009 for its Orion Township plant north of Detroit, which builds the Chevrolet Bolt EV and the Sonic. **Nevada has provided $1.6 billion in incentives since 2014 to two relatively young automakers: $1.3 billion to Tesla Inc for its battery factory outside Reno and $335...

  • *OPEC oil exports hit record high in July. NEW YORK, Aug 4- Oil prices rose on Friday after a strong U.S. jobs report bolstered hopes for growing energy demand, but crude prices declined for the week, pressured by rising OPEC exports and strong U.S. output. "Oil prices were supported by good news this morning on the U.S. jobs front," said Andrew Lipow, president of Lipow Oil...

  • Aug 4- U.S. energy firms cut the number of oil rigs for the second in three weeks, slowing the pace of a 15- month drilling recovery, amid plans to spend less in reaction to declines in crude prices over the past several months. RIG-OL-USA- BHI> There were 381 active oil rigs during the same week a year ago. U.S. crude production in May hit a 16- month high on gains in Texas and...

  • *OPEC oil exports hit record high in July. NEW YORK, Aug 4- Oil prices rose after a strong U.S. jobs report bolstered hopes for growing energy demand, but crude prices remained on track for a small weekly decline, pressured by rising OPEC exports and strong output from the United States. "Oil prices were supported by good news this morning on the U.S. jobs front," said...

  • WASHINGTON/ DETROIT Aug 3- Toyota Motor Corp and rival Mazda Motor Corp are expected to announce plans on Friday to build a $1.6 billion U.S assembly plant as part of a new joint venture, a person briefed on the matter said. Japan's Nikkei reported earlier on Thursday that Toyota would take a roughly 5 percent stake in Mazda Motor Corp to develop key electric...

  • **LEICESTER- Bank of England Chief Economist Andy Haldane participating in town hall event in Leicester, England in partnership with the Muslim Council of Britain- 1715 GMT. SIOUX FALLS, South Dakota- Federal Reserve Bank of Minneapolis President Neel Kashkari participates in a moderated question-and-answer session at a Sioux Falls Rotary Club event 1725 GMT.

  • **LEICESTER- Bank of England Chief Economist Andy Haldane participating in town hall event in Leicester, England in partnership with the Muslim Council of Britain- 1715 GMT. SIOUX FALLS, South Dakota- Federal Reserve Bank of Minneapolis President Neel Kashkari participates in a moderated question-and-answer session at a Sioux Falls Rotary Club event 1725 GMT.

  • HOUSTON, Aug 3- With slumping crude oil prices stuck below where they started this year, U.S. shale oil producers have cut more than $1.2 billion from their 2017 spending budgets, even as they pledge to pump more oil. "We essentially can do more with less," said Lee Tillman, chief executive of Marathon Oil Corp, which on Wednesday shaved its 2017 spending plan by between...

  • WASHINGTON/ DETROIT Aug 3- Toyota Motor Corp and rival Mazda Motor Corp are expected to announce plans on Friday to launch a joint venture and build a new U.S assembly plant, a person briefed on the matter said. Japan's Nikkei reported on Thursday that Toyota would take a roughly 5 percent stake in Mazda Motor Corp to develop key electric vehicle technologies and...

  • Aug 3- U.S. natural gas producer Chesapeake Energy Corp beat quarterly profit estimates, but said it planned to cut its rig count and bring fewer wells into production this year. The company, which operates in the Eagle Ford Shale in South Texas, the Utica Shale in Ohio and the Anadarko Basin in northwestern Oklahoma among others, said it would run 14 rigs by the end of...

  • "We expect our total production to move higher throughout the year, driven by large turn-in-line projects underway in the Eagle Ford, Utica and Powder River Basin operating areas," CEO Doug Lawler said. Chesapeake Energy, which operates in the Eagle Ford Shale in South Texas and Utica Shale in Ohio and the Anadarko Basin in northwestern Oklahoma among others, said...

  • CHICAGO, Aug 3- If you are hovering around retirement age today, you will be closing in on your eighties in the year 2030. The United States is headed toward a severe shortage of caregivers- paid and unpaid- in the decades ahead, according to human resources expert Paul Osterman. A professor of human resources and management at the Massachusetts Institute of...

  • FRANKFURT- ECB Governing Council meeting. THURSDAY, AUGUST 3 LONDON- Bank of England announces rate decision and publishes the minutes of the meeting after the rate decision and also Bank of England to release Inflation Report- 1100 GMT. SIOUX FALLS, South Dakota- Federal Reserve Bank of Minneapolis President Neel Kashkari participates in a moderated...

  • FRANKFURT- ECB Governing Council meeting. THURSDAY, AUGUST 3 LONDON- Bank of England announces rate decision and publishes the minutes of the meeting after the rate decision and also Bank of England to release Inflation Report- 1100 GMT. SIOUX FALLS, South Dakota- Federal Reserve Bank of Minneapolis President Neel Kashkari participates in a moderated...

  • NEW YORK/ SINGAPORE, Aug 2- Standard Chartered is planning to launch an energy trading business in New York, two sources familiar with the matter said, in what appears to be the first major bank move into the sector in the United States after years of retreat on Wall Street due to cutbacks and stricter regulation. The British bank has hired Matthew Hastings, a former...

  • HOUSTON, Aug 2- Shares of Pioneer Natural Resources Co plunged on Wednesday after the U.S. shale producer cut its oil-production growth forecast and said it would pump more natural gas this year, spooking investors. Pioneer said unexpected pockets of pressure delayed some production in the Permian Basin, the largest U.S. oilfield, and that its output for the year...

  • Aug 2- Volkswagen AG, trying to put a massive emissions-cheating scandal behind it, has asked a U.S. judge to reject a lawsuit by Wyoming potentially seeking more than $1 billion in additional penalties for environment damages. District Judge Charles Breyer in a court hearing in San Francisco on Monday "you run the math on the Wyoming penalties.