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Top News & Analysis Texas

  • NEW YORK, June 21- Oil prices fell about 3 percent to a 10- month low in heavy trading on Wednesday, as nagging fears about the global crude glut fed a sell-off that was interrupted only briefly after news of a larger-than-expected drop in U.S. inventories. "The market wants proof that OPEC cuts are shifting petroleum balances, and it's not getting it.

  • *Healthcare top gainer among S&P sectors. *Oil prices hit seven-month lows. June 21- The Nasdaq Composite index was higher in early afternoon trading on Wednesday, boosted by biotechnology stocks, while the Dow Jones Industrial Average and the S&P 500 were dragged lower by energy and bank shares.

  • June 21- Tropical Storm Cindy is expected to make landfall on the Gulf Coast near the Texas- Louisiana border on Wednesday, threatening to bring flash floods from Texas to Florida, according to the National Hurricane Center. The storm was moving northwest at nearly 10 miles per hour, and forecasters said they expect this motion to continue and landfall to be made...

  • *Healthcare top gainer among S&P sectors. *Adobe rises on strong forecast. June 21- The Nasdaq Composite index was higher in late morning trading on Wednesday, boosted by biotechnology stocks, while the Dow Jones Industrial Average and the S&P 500 were dragged lower by financial stocks.

  • LOS ANGELES, June 21- Major U.S. corporations such as Wal-Mart Stores Inc and General Motors Co have become some of Americas biggest buyers of renewable energy, driving growth in an industry seen as key to helping the United States cut carbon emissions. That's up from just 5 percent in 2013, according to the American Wind Energy Association trade group.

  • 'Serious event': Tropical storm Cindy expected to reach Gulf Coast tonight

    The storm was moving slowly northwest Tuesday night, is expected to reach the northern Gulf Coast tonight and then move inland Thursday over western Louisiana and eastern Texas.

  • *Oil prices have fallen 20 pct this year. June 21- U.S. stocks opened higher on Wednesday as healthcare stocks rose and oil prices steadied but gains were limited as the commodity continued to hover near seven-month lows. Brent crude pared early losses to trade slightly lower at $45.90, while U.S. crude was marginally up at $43.53 after Iran's oil minister said OPEC...

  • June 21- Tropical Storm Cindy is likely to hit the Gulf Coast near the Texas- Louisiana border on Wednesday night, threatening to bring flash floods from Texas to Florida, according to the National Hurricane Center. Cindy was projected to produce 6 to 9 inches of rain that could reach up to 12 inches in parts of Louisiana, Mississippi, Alabama and Florida, and cause "...

  • *Oil prices have fallen 20 pct this year. June 21- U.S. stocks were set to open slightly higher on Wednesday as oil prices steadied but continued to hover near seven-month lows and were on track for their biggest slide in the first half of any year since 1997.. Brent was trading at $46.18, while U.S. crude was at $43.72.

  • *Oil has lost 20 percent in value this year as investors discount evidence of strong compliance by OPEC and non- OPEC producers with a deal to cut global output. *Dallas and Chicago Fed chiefs Robert Kaplan and Charles Evans expressed concerns regarding weak inflation, which remains stubbornly below the central bank's 2 percent target. *However, Boston Fed head...

  • LOS ANGELES, June 21- Major U.S. corporations such as Wal-Mart Stores Inc and General Motors Co have become some of Americas biggest buyers of renewable energy, driving growth in an industry seen as key to helping the United States cut carbon emissions. That's up from just 5 percent in 2013, according to the American Wind Energy Association trade group.

  • *Projects include Gulf of Mexico, Argentine shale gas. Instead, chief executive Patrick Pouyanne told Reuters he can find an edge over rivals by going after cheaper reserves elsewhere, including from shale in Argentina and deepwater wells in the Gulf of Mexico, as well as through new gas technology. "Shale oil is too expensive," said Pouyanne, who has clinched...

  • LOS ANGELES, June 21- Major U.S. corporations such as Wal-Mart Stores Inc and General Motors Co have become some of Americas biggest buyers of renewable energy, driving growth in an industry seen as key to helping the United States cut carbon emissions. That's up from just 5 percent in 2013, according to the American Wind Energy Association trade group.

  • June 20- Communities and oil refining and production facilities from Texas to Florida braced on Tuesday for potential disruptions as Tropical Storm Cindy strengthened over the U.S. On the forecast track, the center of Cindy will approach the coast of southwest Louisiana and southeast Texas late Wednesday, and move inland over southeastern Texas on Thursday,...

  • June 20- Communities and oil refining and production facilities from Texas to Florida braced on Tuesday for potential disruptions as Tropical Storm Cindy meandered over the U.S. It was expected to approach the coast of southwest Louisiana late Wednesday and move inland over western Louisiana and eastern Texas on Thursday. "The winds aren't looking to get...

  • SAN FRANCISCO, June 20- Uber said on Tuesday it will for the first time allow drivers to collect tips through its smartphone app, an about-face from previous company policy, as part of the ride-services firm's broader effort to improve an often-contentious relationship. San Francisco- based Uber Technologies Inc had for years opposed adding a tipping feature...

  • The sales, which aim to raise 6 billion reais, include a 19.2 percent stake in Brazil- based dairy company Vigor Alimentos SA, along with its Northern Ireland unit Moy Park Ltd and Five Rivers Cattle Feeding in North America. It is one of Britain's top 10 food companies, with 13 processing and manufacturing units in Northern Ireland, England, France, the Netherlands...

  • San Francisco- based Uber Technologies Inc had for years opposed adding a tipping feature to its app despite drivers' complaints that the extra money would help compensate for decreasing wages. Beginning on Tuesday, drivers in Houston, Minneapolis and Seattle can collect tips, Uber said. Lyft Inc, which is Uber's chief ride-services competitor in the United...

  • June 20- Oil traders from Texas to Louisiana braced on Tuesday for supply disruptions as Tropical Storm Cindy, formed in the U.S. It is expected to approach the coast of southwest Louisiana late Wednesday or Wednesday night, and move inland over western Louisiana and eastern Texas on Thursday, the NHC said. Cindy is expected to produce 6 to 9 inches of rain with...

  • June 20- Tropical Storm Cindy, the third named storm of the 2017 Atlantic hurricane season, has formed over the Gulf of Mexico, the U.S. National Hurricane Center said on Tuesday. The system is located about 265 miles south of Morgan City, Louisiana with maximum sustained winds of 45 miles per hour, the Miami- based weather forecaster said. Cindy is expected to...