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Top News & Analysis Texas

  • HOUSTON, July 25- Indonesia is open to rejoining the Organization of the Petroleum Exporting Countries as long as it is not forced to curb its own crude oil production, the nation's energy and mineral resources minister said on Tuesday. Indonesia said two months ago that it was considering rejoining OPEC after it had left and rejoined several times over the...

  • HOUSTON, July 25- Indonesia is open to rejoining the Organization of the Petroleum Exporting Countries as long as it is not forced to curb its own crude oil production, the nation's energy and mineral resources minister said on Tuesday. "We would have to have a concession for not following cuts from time to time," the minister, Ignasius Jonan, said in an interview in...

  • LOS ANGELES, July 25- Chipotle Mexican Grill Inc is retraining kitchen crews on food safety and enforcing a zero-tolerance policy for employees refusing to abide by new rules, after identifying a sick employee as the cause of a Norovirus outbreak that forced it to briefly close a restaurant in Virginia last week. The company's stock had flirted around $750 two...

  • LOS ANGELES, July 25- Chipotle Mexican Grill Inc's quarterly profit more than doubled on stronger sales, fewer giveaways and lower labor costs, as the burrito seller tries to win back customers after several food safety lapses tarnished its brand. The company said on Tuesday it is retraining kitchen crews on food safety and implementing a zero-tolerance...

  • Buoyed by its performance, the company forecast third-quarter profit of between $1.04 per share and $1.18 per share and revenue of $3.74 billion to $4.06 billion, above analysts' average expectation of a profit of $1.05 per share and revenue of $3.76 billion, according to Thomson Reuters I/B/E/S. Texas Instruments said net income rose to $1.06 billion, or $1.03...

  • LOS ANGELES, July 25- Chipotle Mexican Grill Inc's profit more than doubled on stronger sales, fewer giveaways and lower labor costs as the burrito seller tries to win back customers after food safety lapses tarnished its brand. The company's shares rose nearly 3 percent in after-hours trading on Tuesday, a turnaround from last week when the Denver- based chain...

  • The lawsuit alleged that Celgene violated the laws of 28 states and the District of Columbia by submitting fraudulent claims to state healthcare programs, including California's Medi-Cal program. Brown, a former sales representative for the company, sued New Jersey- based Celgene in 2010, bringing claims on behalf of the federal government and about two...

  • Domestic consumers and businesses have been embracing solar energy at a furious pace- thanks to a big assist from China. Low-cost photovoltaic cells and panels made in China and other Asian countries have helped drive down costs by around 70% since 2010, enabling more Americans to go solar. About 95% of cells and panels sold in the U.S. last year were made abroad,...

  • July 24- U.S. oil producer Anadarko Petroleum Corp posted a larger-than-expected quarterly loss on Monday and said it would cut its 2017 capital budget by $300 million because of depressed oil prices, the first major U.S. oil producer to do so. Shares of Houston- based Anadarko fell 3.8 percent to $42.55 in after-hours trading on Monday. Anadarko in March had...

  • July 24- QEP Resources Inc said it would sell its natural gas assets in Wyoming to privately held Pinedale Energy Partners LLC for about $740 million, as the U.S. oil and gas producer focuses on liquids-rich, higher-margin assets. In a separate transaction, QEP closed the sale of certain non-core natural gas assets in southern Wyoming for $37.5 million.

  • July 24- Rent-A-Center Inc snubbed takeover interest from private equity firms HIG Capital and Lone Star Funds before it turned down an offer of $800 million from buyout firm Vintage Capital this month, people familiar with the matter said on Monday. HIG and Lone Star did not offer a price for the company, but each said it would pay a premium for the business, the...

  • NEW YORK, July 24- A sluggish forecast for U.S. economic growth as well as an increase in U.S. states' Medicaid and pension contribution costs is creating a budgetary squeeze in many state capitols, according to a research report issued by S&P Global Ratings on Monday. "And while the risk that federal policy could trigger a recession has eased, the potential for a...

  • The chain's stock shed nearly 13 percent of its value last week on reports of a Norovirus outbreak at a restaurant in Sterling, Virginia, and mice in a Dallas eatery. CFRA Research analyst Tuna Amobi on Monday chopped his 12- month price target by more than a third, reducing it by $190 to $350 per share, and downgraded Chipotle shares to "hold" from "buy."

  • The chain's stock shed nearly 13 percent of its value last week on reports of a Norovirus outbreak at a restaurant in Sterling, Virginia, and mice in a Dallas eatery. CFRA Research analyst Tuna Amobi on Monday chopped his 12- month price target by more than a third, reducing it by $190 to $350 per share, and downgraded Chipotle shares to "hold" from "buy."

  • "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...