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Top News & Analysis Texas

  • WASHINGTON, July 13- The Trump administration announced its first offshore oil and gas lease sale on Thursday, offering 76 million acres in the Gulf of Mexico and reduced royalty rates for shallow water leases to encourage drilling at a time of low oil prices. Interior Secretary Ryan Zinke said the sale to take place on August 16 will offer leases offshore Texas,...

  • NEW YORK, July 13- Over the last seven trading days, investors have more than doubled the amount of cash invested in a key financial sector fund, in a bet that second-quarter bank earnings will be robust. Big U.S. banks start reporting quarterly results on Friday and according to data from State Street, the Financial Select Sector SPDR Fund, which tracks the S&P 500...

  • NEW YORK, July 13- Over the last seven trading days, investors have more than doubled the amount of cash invested in a key financial sector fund, in a bet that second-quarter bank earnings will be robust. Big U.S. banks start reporting quarterly results on Friday and according to data from State Street, the Financial Select Sector SPDR Fund, which tracks the S&P 500...

  • HOUSTON, July 13- Exxon Mobil Corp has been fined about $165,000 by U.S. regulators for safety lapses including inadequate training and equipment maintenance over an explosion that injured four workers at an aging Baton Rouge, Louisiana, refinery last year. Exxon said it is contesting the OSHA citations and fines. The Nov. 22, 2016 explosion on a sulfuric-acid...

  • HOUSTON, July 13- ExxonMobil Corp has been fined about $165,000 by U.S. regulators for safety lapses including inadequate training and equipment maintenance over an explosion that injured four workers at an aging Baton Rouge, Louisiana, refinery last year. Exxon said it is contesting the OSHA citations and fines. The facility was faulted five years ago by the...

  • HOUSTON/ HAVANA, July 13- Venezuela's crude and fuel deliveries to Cuba have slid almost 13 percent in the first half this year, according to documents from state-run oil company PDVSA viewed by Reuters, threatening to worsen gasoline and power shortages in the communist-run island. Venezuela's shipments of crude for Cuba's refineries dropped 21 percent to...

  • LONDON, July 13- Alcoa is bringing one of its U.S. aluminium smelters back from the dead. The Warrick smelter in Indiana has annual capacity of 269,000 tonnes, its own coal-based power source and is integrated with a rolling mill. But now, miraculously, Warrick is back and Alcoa will fire up three of the plant's five production lines, with capacity of 161,400 tonnes of...

  • LONDON, July 13- Alcoa is bringing one of its U.S. aluminum smelters back from the dead. The Warrick smelter in Indiana has annual capacity of 269,000 tonnes, its own coal-based power source and is integrated with a rolling mill. But now, miraculously, Warrick is back and Alcoa will fire up three of the plant's five production lines, with capacity of 161,400 tonnes of...

  • WILMINGTON, Del., July 12- An attorney for Elliott Management on Wednesday complained to a bankruptcy court judge that the owner of Texas's largest power distribution business did not provide the investment fund with information needed to line up financing for its offer of more than $18 billion to buy the company. Instead, Energy Future Holdings Corp, the...

  • CAPE CANAVERAL, Fla., July 12- A privately owned company plans to use robotic spacecraft to launch a series of commercial missions to the moon, some 45 years after NASAs last lunar landing, officials said on Wednesday. Cape Canaveral, Florida- based Moon Express is developing a fleet of low-cost robotic spacecraft that can be assembled like Legos to handle...

  • BUENOS AIRES, July 12- Argentina needs oil rigs to develop its vast shale oil and gas resources. But moving that machinery from the plains of Texas to the windswept Patagonian desert is proving complex and costly for global oil majors who say Argentina's protectionist past is slowing efforts to spark its own shale revolution. A move by Argentina's government to...

  • NEW YORK, July 12- Wells Fargo& Co is scaling back and remolding its auto lending business in response to growing stress in the market, as well as a bank-wide push for more centralized risk controls. Wells, which was the No. 2 U.S. provider of auto loans less than a year ago, has already cut quarterly originations by nearly 30 percent over the nine months leading into...

  • BUENOS AIRES, July 12- Argentina needs oil rigs to develop its vast shale oil and gas resources. But moving that machinery from the plains of Texas to the windswept Patagonian desert is proving complex and costly for global oil majors who say Argentina's protectionist past is slowing efforts to spark its own shale revolution. A move by Argentina's government to...

  • Julie Albertson, founder of the Texas Pie Company, says the environment in Texas has buoyed the growth of her business.

    Entrepreneurs are opting to set up shop in business-friendly states with low taxes, financing options and a rich talent pool.

  • One of two Apple campuses in Austin. Texas' Apple operations are second only to the Cupertino/Bay Area in California. Apple employs more than 8,000 people in the Lone Star State.

    Texas again beat California as the top technology-exporting state in America as it attracts Apple, Amazon, Google, Facebook and others.

  • An employee puts a low price dollar sign together at a Walmart store.

    You'll be surprised at the most affordable places to live in the U.S., thanks to low food prices, great home values and low utility costs.

  • Members of the media tour the Tesla Gigafactory in Sparks, Nevada, which produces lithium-ion batteries for the electric-car maker.

    Elon Musk has displayed a mastery for political deals, and it will be put to the test again as states bid on a planned Tesla SUV plant.

  • Top states for business

    In its 11th annual ranking, CNBC unveils the top 10 states for business in America in 2017. Can you guess the state that leads the league?

  • These are the five cheapest states to live in 2017

    It doesn't cost an arm and a leg to live in these five states.

  • Job seekers job fair

    US unemployment has fallen to levels not seen since the turn of the millennium. See which states are adding jobs and growing their economy.