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Top News & Analysis Texas

  • Sept 12- Magellan Midstream Partners LP said on Tuesday it was investigating the cause of a nearly 11,000- barrel gasoline spill from two above-ground fuel storage tanks at its Houston- area terminal in Texas during Hurricane Harvey. The leak at the Galena Park terminal is the biggest spill reported so far relating to the storm, which unleashed record flooding...

  • NEW YORK, Sept 12- The U.S. Energy Information Administration on Tuesday revised both its 2017 and 2018 oil production forecast figures lower to reflect, in part, the effects of Hurricane Harvey. The statistical arm of the Department of Energy lowered its growth forecast to 400,000 barrels per day to 9.25 million bpd. Hurricane Harvey, which raged through Texas...

  • TORONTO, Sept 12- Home Capital's shareholders on Tuesday rejected a proposal for Warren Buffett's Berkshire Hathaway to raise its stake in the company, voting against the board's recommendation in a third defeat for the U.S. billionaire this year. The deal would have allowed Berkshire Hathaway to buy new shares in the company at a price of C $10.30 per share, a...

  • WASHINGTON, Sept 12- U.S. job openings rose to a record high in July, suggesting a slowdown in job growth in August was an aberration and that the labor market was strong before the recent disruptive hurricanes. The monthly Job Openings and Labor Turnover Survey, or JOLTS, released by the Labor Department on Tuesday showed the labor market continued to tighten amid...

  • WASHINGTON, Sept 12- The U.S. Agriculture Department unexpectedly raised its U.S. corn and soybean harvest forecasts on Tuesday, adding further bearish pressure to a market already struggling with massive global supplies. "They are keeping the numbers good and high," said Jack Scoville, broker at the Price Futures Group. U.S. corn production in the 2017/ 18 crop year...

  • U.S. corn production in the 2017/ 18 crop year will total 14.185 billion bushels, based on an average yield of 169.9 bushels per acre, USDA said in the report. Farmers also will harvest a record 4.431 billion bushels of soybeans, USDA said, based on an average yield of 49.9 bushels per acre. In August, USDA pegged the soybean harvest at 4.381 billion bushels, based on a...

  • Olga Teakell, on right, and her family clean her mobile home after it was damaged by Hurricane Irma in Naples, Florida, September 11, 2017.

    Between charities and crowdfunding sites, there's no shortage of ways to support storm victims.

  • FLORIDA CITY/ MARCO ISLAND, Fla., Sept 12- Florida began allowing some residents to return to their homes hammered by Hurricane Irma on Tuesday, but officials warned that it would take a long time to repair the damage wrought by high winds and pounding surf, particularly in the Keys archipelago. Irma, which had rampaged through the Caribbean as one of the most...

  • HOUSTON, Sept 12- U.S. refineries are restarting after Hurricane Harvey forced them to shut down two weeks ago, raising the risk of fires and explosions that could prolong fuel supply disruption as plants simultaneously reheat units and reactivate catalysts. Already, some of the difficulties are appearing, as market sources told Reuters on Monday that Total's...

  • *Parts of Florida Keys to re-open to residents. FLORIDA CITY/ MARCO ISLAND, Fla., Sept 12- Florida allowed some residents to return to their shuttered homes and reopened several airports on Tuesday after Hurricane Irma's pounding winds and storm surges ripped through the state, prompting the evacuation of 6.5 million people. Local authorities told around 90,000...

  • It caused record flooding in parts of Florida after it left a path of deadly destruction on several Caribbean islands. The U.S. aircraft carrier Abraham Lincoln has arrived off Florida's east coast and two amphibious assault ships will arrive on Tuesday to help in the Keys, where Irma first made landfall on Sunday as a Category 4 hurricane.

  • HOUSTON, Sept 12- U.S. refineries are restarting after Hurricane Harvey forced them to shut down two weeks ago, raising the risk of fires and explosions that could prolong fuel supply disruption as plants simultaneously reheat units and reactivate catalysts. Already, some of the difficulties are appearing, as market sources told Reuters on Monday that Total's...

  • *Over 7.4 million in Florida, other states without power. FLORIDA CITY/ MARCO ISLAND, Fla., Sept 11- S torm-shocked Floridians returned to shattered homes on Monday as the remnants of Hurricane Irma pushed inland, leaving more than half of all state residents without power and city streets underwater from Orlando and Jacksonville into coastal Georgia and South...

  • *Irma downgraded to tropical storm, heads into Georgia. *Over 7.4 million in Florida, other states without power. FLORIDA CITY/ MARCO ISLAND, Fla., Sept 11- S torm-shocked Floridians returned to shattered homes on Monday as the remnants of Hurricane Irma pushed inland, leaving more than half of all state residents without power and city streets underwater from...

  • HOUSTON, Sept 11- The U.S. Environmental Protection Agency is investigating whether chemical maker Arkema SA followed safety rules at its Crosby, Texas, plant where chemical containers exploded and burned for days after flooding from Hurricane Harvey, an EPA official said on Monday. The EPA sent Arkema a letter asking for information that would help the agency...

  • **LONDON- British Finance Minister Philip Hammond speaks at the inaugural annual dinner of UK Finance, formerly known as the British Bankers' Association- 1900 GMT. **LONDON- Swedish Deputy Central Bank Governor Henry Ohlsson gives a speech in order to present the Riksbank's latest monetary policy report.- 1330 GMT. TALLINN- European Central Bank Executive Board...

  • **LONDON- British Finance Minister Philip Hammond speaks at the inaugural annual dinner of UK Finance, formerly known as the British Bankers' Association- 1900 GMT. **LONDON- Swedish Deputy Central Bank Governor Henry Ohlsson gives a speech in order to present the Riksbank's latest monetary policy report.- 1330 GMT. TALLINN- European Central Bank Executive Board...

  • NEW YORK, Sept 11- Financial institutions with exposure to U.S. properties hit by Hurricanes Harvey and Irma are tempering their loss estimates, as the damage to homes and businesses has been far less severe than expected. Harvey, which hammered Louisiana and Texas in late August, was also downgraded to a tropical storm and lost steam as it moved inland.

  • HOUSTON, Sept 11- The U.S. Environmental Protection Agency is investigating whether chemical maker Arkema SA followed safety rules at its Crosby, Texas, plant, where several chemical containers caught fire after flooding from Hurricane Harvey, an EPA official said on Monday. The EPA sent Arkema a letter asking for information that would help the agency...

  • *About 7.3 million in Florida, other states without power. FLORIDA CITY/ MARCO ISLAND, Fla., Sept 11- S torm-shocked Floridians returned to their shattered homes on Monday as the remnants of once-powerful Hurricane Irma pushed inland, leaving well over half of residents without power and flooding cities in the state's northeastern corner. Especially hard hit was...