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Top News & Analysis Texas

  • The spill of an estimated 210,000 gallons of crude oil in South Dakota on Thursday from TransCanada's Keystone Pipeline is one of the 20 largest onshore oil or petroleum product spills since 2010. —July 25, 2010: 843,444 gallons, crude oil, Enbridge Energy, Marshall, Michigan, $927,270,213. —June 4, 2011: 513,618 gallons, crude oil, Enterprise Crude Pipeline LLC,...

  • CALGARY, Alberta/ LINCOLN, Neb., Nov 17- A major oil spill on the Keystone pipeline in South Dakota helped push U.S. crude prices higher on Friday, while fueling opposition to another pipeline project by owner TransCanada Corp that faces a crunch decision in Nebraska next week. Keystone carries 590,000 barrels per day of crude from Alberta's oil sands to markets in...

  • CALGARY, Alberta/ LINCOLN, Nebraska, Nov 17- The crude oil spill on the Keystone pipeline in South Dakota will take months to clean up, a state official said on Friday, just days before Nebraska was due to decide on another pipeline project by the owner, TransCanada Corp.. Keystone carries 590,000 barrels per day of crude from Alberta's oil sands to markets in the...

  • Among major oil- and gas-producing states, Texas gained seven rigs, Louisiana added four and Ohio and Utah were up one apiece. Alaska, Colorado, New Mexico, North Dakota, Oklahoma and Wyoming declined by one each. Arkansas, California, Pennsylvania and West Virginia were unchanged.

  • SAN JUAN, Puerto Rico— The director of Puerto Rico's power company resigned on Friday amid ongoing blackouts and scrutiny of a contract awarded to a small Montana- based company to help rebuild the electric grid destroyed by Hurricane Maria. Puerto Rico's Electric Power Authority said Ricardo Ramos presented his letter of resignation to the company's board...

  • WASHINGTON, Nov 17- U.S. homebuilding jumped to a one-year high in October as disruptions caused by recent hurricanes in the South faded and communities in the region started replacing houses damaged by flooding. The sharp rebound in home construction reported by the Commerce Department on Friday was also driven by robust gains in the Northeast and Midwest...

  • WASHINGTON— Unemployment rates fell to record lows in Idaho and Tennessee in September, and dropped in 9 other states. The Labor Department's report on state unemployment, released Friday, also showed the extent of Hurricane Irma's damage in Florida, which lost 127,400 jobs that month, or about 1.5 percent of the state's total jobs. The jobless rate dropped to 2.8...

  • WASHINGTON, Nov 17- U.S. homebuilding jumped to a one-year high in October likely as disruptions caused by recent hurricanes in the South faded and communities in the region started replacing houses damaged by flooding. The sharp rebound in home construction reported by the Commerce Department on Friday could ease concerns about the housing market, which has...

  • WASHINGTON, Nov 16- From Pataskala, Ohio, to Conroe, Texas, local government leaders worry that if Republican tax-overhaul plans moving through the U.S. Congress become law, it will be harder for them to pave streets, put out fires, fight crime and pay teachers. The proposed repeal of the state and local tax deduction is part of an "assault on local governments" by...

  • CARACAS, Nov 16- Venezuela's cash-strapped leftist government has defaulted on sovereign debt and bonds issued by state oil firm PDVSA after failing to make timely payments, a New York- based derivatives group ruled on Thursday. But investors said they did not expect a significant market reaction from the ISDA decision, given that Venezuela is making efforts...

  • WASHINGTON, Nov 16- From Pataskala, Ohio, to Conroe, Texas, local government leaders worry that if Republican tax-overhaul plans moving through the U.S. Congress become law, it will be harder for them to pave streets, put out fires, fight crime and pay teachers. The proposed repeal of the state and local tax deduction is part of an "assault on local governments" by...

  • CARACAS, Nov 16- Venezuela's cash-strapped leftist government has defaulted on sovereign debt and bonds issued by state oil firm PDVSA after failing to make timely payments, a New York- based derivatives group ruled on Thursday. But investors said they did not expect a significant market reaction from the ISDA decision, given that Venezuela is making efforts...

  • DALLAS— The county that's home to Houston has asked a state court to order safeguards and fine the owner of a chemical plant that partially exploded during Hurricane Harvey. In a lawsuit filed Thursday, the Harris County Attorney's Office says Arkema Inc.' s facility in Crosby violated Texas environmental laws by releasing toxic chemicals during flooding and...

  • *OPEC expected to extend cuts at Nov 30 meeting. NEW YORK, Nov 16- Oil prices ended lower again on Thursday on increased concerns about growth in U.S. production and inventories, despite expectations that major world producers will extend a supply-cut deal later this month. Expectations that the Organization of the Petroleum Exporting Countries will agree to...

  • NEW YORK, Nov 16- A federal jury in Dallas on Thursday ordered Johnson& Johnson and its DePuy Orthopaedics unit to pay $247 million to six patients who said they were injured by defective Pinnacle hip implants. Six New York residents implanted with the devices said they experienced tissue death, bone erosion and other injuries they blamed on design flaws.

  • District Judge James Boasberg is requiring the Army Corps of Engineers to further review the pipeline's impact on tribal interests, but he's allowing oil to continue flowing while that work is done over the next several months. The tribes fear any oil spill beneath the Lake Oahe reservoir on the Missouri River would contaminate their water supply.

  • NEW YORK, Nov 16- A federal jury in Dallas on Thursday ordered Johnson& Johnson and its DePuy Orthopaedics unit to pay $247 million to six patients who said they were injured by defective Pinnacle hip implants. Six New York residents implanted with the hip devices said they experienced tissue death, bone erosion and other injuries they blamed on design flaws.

  • NEW YORK, Nov 16- A federal jury in Dallas on Thursday ordered Johnson& Johnson and its DePuy Orthopaedics unit to pay $247 million to six patients who said they were injured by defective Pinnacle hip implants. The jury found that the metal-on-metal hip implants were defectively designed and that the companies failed to warn consumers about the risks.

  • Nov 16- Best Buy Co Inc took a $100 million hit in the third quarter from the late launch of the iPhone X and gave a profit forecast for the holiday period that fell short of analysts' estimates, as it competes in a brutal U.S. retail market. The United States' largest electronics chain raised its revenue guidance for the full year and said earnings in the crucial fourth...

  • THE NUMBERS: Applications for jobless aid rose by a seasonally adjusted 10,000 last week after a similar increase in the previous week, the Labor Department reported Thursday. The government reported that employers added 261,000 jobs in October as many businesses in Texas and Florida re-opened after being hit by devastating hurricanes.