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Top News & Analysis Texas

  • "Today, rig count growth is showing signs of plateauing, and customers are tapping the brakes," said Dave Lesar, Executive Chairman. "This tapping of the brakes is happening all over the place in North America." Earlier this month, senior vice president for global business development and marketing at Halliburton, Mark Richard, told Reuters the U.S. shale drilling...

  • *Customers are "tapping the brakes" in North America- call. "This tapping of the brakes is happening all over the place in North America." On Monday, Halliburton swung to a quarterly profit and handily beat analysts' expectations on higher demand in North America, sending the world's No.3 oilfield services provider's shares up 2.5 percent.

  • Damage to thousands of cars in dealership lots across Texas, Nebraska, Oklahoma and other states are just some of the weather-related losses that have been hitting U.S. property insurers particularly hard in the first half of this year. "It got everything on the car- roofs, sides, mirrors and back glasses," said Ronnie Cohen, new car director of Subaru of Plano,...

  • Damage to thousands of cars in dealership lots across Texas, Nebraska, Oklahoma and other states are just some of the weather-related losses that have been hitting U.S. property insurers particularly hard in the first half of this year. "It got everything on the car- roofs, sides, mirrors and back glasses," said Ronnie Cohen, new car director of Subaru of Plano,...

  • HOUSTON/ WASHINGTON, July 21- The United States is considering financial sanctions on Venezuela that would halt dollar payments for the country's oil, according to a senior White House official and an adviser with direct knowledge of the discussions. Sanctions prohibiting any transaction in U.S. currency by Venezuela's state-run oil firm, PDVSA, are among the...

  • *Europe stock index drops, Germany's DAX falls 1.7 pct. NEW YORK, July 21- The weakening U.S. dollar fell to its lowest in more than a year against key world currencies on Friday as investors assessed comments from the European Central Bank and obstacles to U.S. The euro built on sharp gains from a day earlier, rising to near two-year highs against the dollar and...

  • *Europe stock index drops, Germany's DAX off 1.7 pct. NEW YORK, July 21- The U.S. dollar sank to its lowest in more than a year against key world currencies on Friday as investors assessed comments from the European Central Bank and obstacles to U.S. The euro built on sharp gains from a day earlier, rising to near two-year highs against the dollar and undermining...

  • *Europe stock index drops, Germany's DAX down nearly 2 pct. NEW YORK, July 21- The U.S. dollar sank to its lowest in more than a year against key world currencies on Friday as investors assessed comments from the European Central Bank and obstacles to U.S. The euro built on sharp gains from a day earlier, rising to near two-year highs against the dollar and undermining...

  • LONDON, July 21- Tissue Regenix said on Friday it had raised 40 million pounds by selling new shares to buy CellRight Technologies, a U.S regenerative medicine company that specialises in spine surgery and orthopaedics. The British company struck a deal to buy CellRight after the market closed on Thursday, agreeing to pay up to $30 million for the San Antonio,...

  • Chinese companies and investors eyeing U.S. assets could face more roadblocks as a result, at a time when the Chinese government is also restricting the flow of capital out of China following a bonanza of Chinese overseas deals. CFIUS's more conservative stance towards deals coincides with growing political and economic tensions between the United States...

  • WASHINGTON/ HOUSTON, July 20- Exxon Mobil Corp sued the U.S. government on Thursday, blasting as "unlawful" and "capricious" a $2 million fine levied against it for a three-year-old oil joint venture with Russia's Rosneft. The U.S. Treasury Department on Thursday morning slapped the world's largest publicly traded oil producer with the fine for "reckless disregard"...

  • BOSTON, July 20- Chipotle Mexican Grill Inc shares fell to a four-year low on Thursday after testing confirmed Norovirus in a customer who ate at one of the chain's Virginia restaurants and a video of rodents crawling on the floor of a Dallas shop went viral. Testing confirmed Norovirus in one customer who ate at the Virginia Chipotle restaurant that was briefly...

  • SAN FRANCISCO/ WASHINGTON, July 20- Tech entrepreneur Elon Musk on Thursday said he had received "verbal" approval to start building an ultra-high-speed underground transport system linking New York and Washington that would cut travel time between the cities to about half an hour. Musk recently started an enterprise called the Boring Company to build...

  • BOSTON, July 20- Chipotle Mexican Grill Inc shares fell 4.5 percent on Thursday after testing confirmed Norovirus in a customer who ate at the one of the chain's Virginia restaurants and a video of rodents crawling on the floor of a Dallas shop went viral. Testing confirmed Norovirus in one customer who ate at the Virginia Chipotle restaurant that was briefly...

  • Elon Musk

    Despite Musk tweeting he was optimistic about his tunnel going up quickly, red tape has a way of slowing things down.

  • The arrangement with Venezuela's state-owned oil firm, PDVSA, has drawn fire from U.S. senators who do not want Russia in a position to own a substantial stake of U.S.-based energy assets in potential violation of existing economic sanctions. President Donald Trump threatened to impose "strong economic actions" on Venezuela unless embattled leftist...

  • WASHINGTON/ HOUSTON, July 20- The United States on Thursday admonished Exxon Mobil Corp for "reckless disregard" of U.S. sanctions in dealings with Russia in 2014 when Secretary of State Rex Tillerson was the global oil company's chief executive, and fined it $2 million. The fine came after a U.S. review of deals Exxon signed with top Russian oil producer Rosneft...

  • He recently started a project, the Boring Company, to build transport tunnels for the system, which he says would be far faster than current high-speed trains and use electromagnetic propulsion. In tweets on Thursday Musk said he had "just received verbal government approval for the Boring Company to build an underground NY-Phil-Balt-DC hyperloop.

  • He recently started a project, the Boring Company, to build transport tunnels. In tweets on Thursday he said he had "just received verbal government approval for the Boring Company to build an underground NY-Phil-Balt-DC hyperloop. Without clarifying, he also tweeted that a first set of tunnels would be to "alleviate greater LA urban congestion," adding that the...

  • Then came word that two Republican senators not at the dinner- Mike Lee of Utah and Jerry Moran of Kansas- had announced their opposition to the healthcare proposals put forward by party leaders in the Senate. He called 49 Republican senators over to the White House for lunch and a scolding on Wednesday, telling them they needed to settle their differences and...