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Top News & Analysis Texas

  • MEXICO CITY, Aug 17- A tanker carrying a cargo of about 1 million barrels of Venezuelan heavy crude has been stranded for more than a month off the coast of Louisiana for lack of a bank letter of credit to discharge, three sources have told Reuters. Major banks are cutting exposure to Venezuela as a result of political upheaval in the South American country.

  • Aug 17- Elliott Management Corp has quietly ramped up pressure on Energen Corp to explore a sale, according to two people familiar with the matter, as the U.S. oil and gas producer fends off heavy pressure from activist investors to sell itself. The behind-the-scenes push by Elliott comes as fellow activist shareholder, Corvex Management, has waged a public...

  • ZURICH, Aug 17- Straumann shares hit an all-time high on Thursday after the Swiss dental implant maker's first-half profit beat analyst expectations and as it plowed more than $150 million into acquisitions aimed at accelerating growth. Straumann bought Texas- based ClearCorrect for about $150 million and took a separate 38 percent stake in Spain's Geniova...

  • Aug 16- The energy unit of Warren Buffett's Berkshire Hathaway Inc said on Wednesday it will "stand firm" on its $9 billion offer to acquire 80 percent of Oncor Electric Delivery Company LLC and will not increase its offer. Elliott Management Corp, the largest creditor of Oncor's bankrupt parent Energy Future Holdings Corp, has tried to best Berkshire's offer for...

  • Aug 16- The energy unit of Warren Buffett's Berkshire Hathaway Inc said on Wednesday it will "stand firm" on its $9 billion offer to acquire 80 percent of Oncor Electric Delivery Company LLC and will not increase its offer. Elliott Management Corp, the largest creditor of the bankrupt parent of Oncor Electric Delivery Co, has tried to best Berkshire Hathaway Inc's...

  • Aug 16- The energy unit of Warren Buffett's Berkshire Hathaway Inc said on Wednesday it will stand firm on its $9 billion offer to acquire 80 percent of Oncor Electric Delivery Company LLC and will not be increasing its offer.

  • WASHINGTON, Aug 16- A sale of oil and gas leases in U.S. waters in the Gulf of Mexico generated $121.14 million in high bids for 90 tracts covering 508,096 acres, Interior Secretary Ryan Zinke said on Wednesday. Twenty-seven companies participated, submitting 99 bids totaling $137 million, the Interior Department said in a statement. The sale was the largest in...

  • LUBBOCK, Texas- Federal Reserve Bank of Dallas President Robert Kaplan participates in a moderated question-and-answer session at the "Dialogue with the Dallas Fed" event hosted by the Lubbock Chamber of Commerce- 1700 GMT. FRIDAY, AUGUST 18 DALLAS, Texas- Federal Reserve Bank of Dallas President Robert Kaplan participates in a moderated question-and-answer...

  • LUBBOCK, Texas- Federal Reserve Bank of Dallas President Robert Kaplan participates in a moderated question-and-answer session at the "Dialog with the Dallas Fed" event hosted by the Lubbock Chamber of Commerce- 1700 GMT. FRIDAY, AUGUST 18 DALLAS, Texas- Federal Reserve Bank of Dallas President Robert Kaplan participates in a moderated question-and-answer...

  • NEW YORK, Aug 16- Proprietary trading firm DRW Holdings on Wednesday said it agreed to buy RGM Advisors, in the latest example of consolidation among high-frequency trading firms, which have struggled remain profitable amid rising costs and low market volatility. That has led to many smaller, and some larger, HFT firms being sold, including Chopper Trading to...

  • HOUSTON, Aug 16- Major oil producers pushed up high bids at a Gulf of Mexico offshore auction to $121 million on Wednesday, a nearly seven-fold increase from a year ago, as their return to deep water exploration gained momentum. This compared with $18 million in high bids at the Bureau of Ocean Energy Management's Outer Continental Shelf auction last summer.

  • LUBBOCK, Texas- Federal Reserve Bank of Dallas President Robert Kaplan participates in a moderated question-and-answer session at the "Dialogue with the Dallas Fed" event hosted by the Lubbock Chamber of Commerce- 1700 GMT. EDINA, Minnesota- Federal Reserve Bank of Minneapolis President Neel Kashkari participates in a moderated question-and-answer...

  • LUBBOCK, Texas- Federal Reserve Bank of Dallas President Robert Kaplan participates in a moderated question-and-answer session at the "Dialog with the Dallas Fed" event hosted by the Lubbock Chamber of Commerce- 1700 GMT. EDINA, Minnesota- Federal Reserve Bank of Minneapolis President Neel Kashkari participates in a moderated question-and-answer session...

  • WASHINGTON, Aug 15- The U.S. Department of Energy said on Tuesday it will sell 14 million barrels of crude oil from the nation's emergency reserve in late August. The sale from the Strategic Petroleum Reserve was expected as it was required under laws signed by former President Barack Obama in 2015 and 2016 to help fund medical research and the overall federal...

  • *China, Russia to get priority for Venezuelan oil if U.S. sanctions hit. SINGAPORE/ HOUSTON, Aug 15- Asia would be the biggest beneficiary of any potential sanctions by the United States on Venezuela's oil sector, said traders and analysts, as exports from the South American OPEC member could be redirected to the region, filling a vacuum left by producer supply cuts.

  • **NEW YORK- The Federal Reserve Bank of New York issues Q2 2017 Household Debt and Credit Report, an updated snapshot of household trends in borrowing and indebtedness, including mortgages, student loans, credit cards and auto loans- 1500 GMT. LUBBOCK, Texas- Federal Reserve Bank of Dallas President Robert Kaplan participates in a moderated question-and-answer...

  • **NEW YORK- The Federal Reserve Bank of New York issues Q2 2017 Household Debt and Credit Report, an updated snapshot of household trends in borrowing and indebtedness, including mortgages, student loans, credit cards and auto loans- 1500 GMT. LUBBOCK, Texas- Federal Reserve Bank of Dallas President Robert Kaplan participates in a moderated question-and-answer...

  • Corvex- already the biggest shareholder in Energen- said in a filing disclosed on Monday that it raised its stake to 10.1 percent, eclipsing a threshold that allows shareholders of Alabama- domiciled companies to call a special meeting. The $5.5 billion fund, run by activist investor Keith Meister, has often used proxy fights to press for changes at companies.

  • SINGAPORE, Aug 14- Oil prices dipped on Monday as a slowdown in Chinese refining activity growth cast doubts over its crude demand outlook, while rising U.S. shale output suggested supplies would likely remain high. Brent crude futures, the international benchmark for oil prices, were at $51.92 per barrel at 0652 GMT, down 18 cents, or 0.4 percent, from their last...

  • SINGAPORE, Aug 14- Oil prices dipped on Monday as a slowdown in Chinese refining activity growth cast doubts over its crude demand outlook, while rising U.S. shale output suggested supplies would likely remain high. Brent crude futures, the international benchmark for oil prices, were at $52.00 per barrel at 0504 GMT, down 10 cents, or 0.2 percent, from their last...