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Top News & Analysis Texas

  • 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.

  • Construction workers pour concrete as part of a bridge expansion project in California.

    These 10 states have the best infrastructure in America, from roads and bridges to railways, ports, airports and utilities.

  • 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?

  • *$1.6 billion award reduced in March to $188 million. NEW YORK, July 11- A U.S. appeals court said on Tuesday that Exxon Mobil Corp cannot enforce a large international arbitration award against Venezuela stemming from an asset seizure in 2007, when the country was nationalizing its oil industry. The 2nd U.S. Circuit Court of Appeals in Manhattan said a lower court...

  • NEW YORK, July 11- A federal judge granted the FDIC permission to revive lawsuits against Citigroup Inc, Bank of New York Mellon Corp and U.S. District Judge Andrew Carter in Manhattan said the FDIC could try to show it still had legal standing to sue as the receiver for Austin- based Guaranty Bank, despite having transferred its claims to a "resecuritization trust"...

  • July 11- Shale oil producer Halcón Resources Corp said on Tuesday it would sell most of its North Dakota operations for $1.4 billion cash, part of a plan to shift its focus to Texas' Permian Basin, the largest U.S. oilfield. The deal with privately held Bruin E&P Partners LLC focuses Halcón on the most-active area in the U.S. oil industry and marks a stunning...

  • Texas drops to 4th place in top states for business

    CNBC's Scott Cohn reports on the Top States for Business in America and reveals that Texas, while overall placing fourth, is the top state for infrastructure.

  • Satya Nadella, chief executive officer of Microsoft, speaks during a Microsoft launch event to introduce the new Microsoft Surface laptop and Windows 10 S operating system, May 2, 2017 in New York City.

    The company’s so-called Rural Airband Initiative is an attempt to partner with local providers to boost wireless internet.

  • CHICAGO, July 11- American technology. In Texas, Microsoft is testing a smart trap to isolate and capture Aedes aegypti mosquitoes, known Zika carriers, for study by entomologists to give them a jump on predicting outbreaks. The Zika epidemic that emerged in Brazil in 2015 and left thousands of babies suffering from birth defects has added urgency to the effort.

  • July 10- Elliott Management Corp, the largest creditor of the bankrupt parent of Oncor Electric Delivery Co, unveiled a plan on Monday to best Berkshire Hathaway Inc's deal for the Texas utility with a bid worth $18.5 billion, including debt. Elliott revealed in documents published on its website it was unhappy with the recovery to some creditors under an $18.1...

  • NEW YORK, July 10- Vintage Capital has offered to buy Rent-A-Center Inc for around $800 million, according to a letter seen by Reuters, in a move that would add another rent-to-own company to the private equity firm's portfolio. "While there are multiple avenues we would be eager to explore... today Vintage proposes to acquire 100 percent of the common stock... in a...

  • CARACAS, July 10- Venezuela's state oil producer, PDVSA, said in a statement it is guaranteeing "legal security" for all foreign companies in the leftist-run nation, rebuffing a government adviser's suggestion that their operations could be nationalized. But PDVSA, whose full name is Petroleos de Venezuela, was quelling fears that a more radical wing of the...

  • July 10- Elliott Management Corp, the largest creditor of the bankrupt parent of Oncor Electric Delivery Co, unveiled a plan on Monday to best Berkshire Hathaway Inc's deal for the Texas utility with a bid worth $18.5 billion, including debt. Elliott revealed in documents published on its website it was unhappy with the recovery to some creditors under an $18.1...

  • CARACAS, July 10- Venezuela's PDVSA is guaranteeing "legal security" for all foreign companies in the leftist-run nation, the state oil producer said in a statement, rebuffing a government adviser's suggestion that their operations could be nationalized. But PDVSA, whose full name is Petroleos de Venezuela, was quelling fears that a more radical wing of the...

  • WASHINGTON, July 10- President Donald Trump's effort to roll back Obamacare faced growing obstacles on Monday as Republicans who control the U.S. Senate remained divided over how to curb the costs of their proposed healthcare bill and prevent millions from losing coverage. White House chief of staff, Reince Priebus, told "Fox News Sunday" that Trump still...

  • White House chief of staff Reince Priebus told "Fox News Sunday" that Trump, who made repeal and replacement of Obamacare a central plank of his 2016 campaign, still expected the Senate to pass a healthcare bill either before the scheduled start of Congress' August recess "or maybe a little bit into" the recess. "My view is that it's probably going to be dead," Senator...

  • Dejardins, a backer of Kinder Morgan Canada Ltd's high-profile expansion of its Trans Mountain pipeline, has been evaluating its policy for such lending for months, Bouchard said. Patrick Bonin, a campaigner with the environmental group Greenpeace, praised Desjardins for temporarily halting pipeline funding, but called on the lender to make it permanent and...

  • HOUSTON, July 7- Shares tumbled on Friday for miners that supply sand to U.S. shale producers for use in fracking, as investors worried about a possible glut of the material the day after a major supplier announced a big new mine in West Texas, home to the Permian Basin, the largest U.S. oilfield. On Thursday, privately held Unimin Corp, the third largest supplier by...

  • **Warren Buffett's Berkshire Hathaway Inc said on Friday it agreed to pay $9 billion to buy the parent of Texas power transmission company Oncor Electric Delivery Co, stepping up its pursuit of steady profits from utilities and infrastructure deals. **Elliott Management Corp, the largest creditor of the bankrupt parent of Texas power transmission company...