Business

Monday PM November 5th, 2007

Posted on · City Of Seabrook craft agreement to settle Bayport legal issues…Gasoline prices climb about 16 cents nationwide over last two weeks…Chinese national oil company capitalization passes $1 trillion mark… Officials of Seabrook and the Port of Houston have signed an agreement to settle legal issues surrounding the port’s new Bayport container terminal. The memorandum of settlement […]

Business

Friday AM November 2nd, 2007

Posted on · Number of homeowners struggling to make mortgage payments soars…Consumer spending rises three-tenths of a percent…Willbros Group agrees to pay more than $32 million to settle alleged violations of Foreign Corrupt Services Act… A mortgage data company says a soaring number of U.S. homeowners struggled to make mortgage payments in the third quarter. RealtyTrac says more […]

Business

Friday PM November 2nd, 2007

Posted on · Employment holding steady despite housing collapse and credit crunch…Gasoline up a dime, but Houston’s average is lowest in Texas…Alabama Supreme Court throws out much of record $3.6 billion verdict against ExxonMobil… The Labor Department reports the unemployment rate is holding steady, while payrolls rose by a surprisingly strong 166,000 in October, the most in five […]

Business

Thursday AM November 1st, 2007

Posted on · Houston’s airport director updates activities at city’s three airports…Lyondell Chemical and Basell announce post-merger name…GDP expands at 3.9 percent–strongest in one and a-half years… The director of Houston’s Department of Aviation says all three of the city’s airports are healthy. Rick Vacar spoke to the Greater Houston Partnership about the role of the airports in […]

Business

Thursday PM November 1st, 2007

Posted on · American Airlines raises airfares to compensate for rising fuel costs…City workers to rally as contract negotiations continue…Appeals court overturns gag order for jurors who served in BP Texas City refinery explosion civil trial… American Airlines has raised U.S. round-trip fares by $20. That’s the biggest in a series of hikes airlines have pushed through in […]

Business

Friday PM October 19th, 2007

Posted on · Gasoline prices creep back up…Schlumberger profits rise 35 percent in third quarter…Texas unemployment in September rises to 4.3 percent… Rising crude oil prices began to boost retail gasoline prices across Texas this week. The AAA Texas Gas Price Survey shows regular, self serve is averaging $2.68 per gallon in the 11 Texas cities surveyed. That’s […]

Business

Thursday AM October 18th, 2007

Posted on · Capital markets to be discussed in breakfast forum…Inflation at consumer level rises at fastest pace in four months; economy experiences slower growth with troubled housing and credit markets… Houston business owners are hearing an assessment of the capital markets in a breakfast forum this morning at the Houstonian Hotel, hosted by Houston law firm Boyar […]

Business

Thursday PM October 18th, 2007

Posted on · Plaintiffs seek deposition frmo BP’s former chief…Union Carbide-Dow chemical pipeline explodes in Port Arthur; ExxonMobil refinery fire in Montana brought under control…Apple to allow third-party applications on iPhone… Attorneys for plaintiffs in several lawsuits over the deadly 2005 Texas City explosion are asking the Texas Supreme Court to allow them to question BP’s former top […]

Business

HUD Releases Funds for Lead-Based Paint Removal

Posted on · The Secretary of the Department of Housing and Urban Development announced an $8.1 million grant for Houston to help identify and clean up lead-based paint hazards in older low-income housing. Houston Public Radio’s Ed Mayberry reports. Click to Listen HUD Secretary Alphonso Jackson made the announcement at the home of Frank & Esther Ramirez, whose […]

Business

Wednesday PM October 17th, 2007

Posted on · Court rejects attempts to block Allstate’s homeowner rate increase…Government says new home construction even weaker than thought last month…Crude futures surge after Turkey’s parliament authorizes incursion into northern Iraq… A district court judge has rejected an attempt by state regulators to block Allstate’s recent increase of homeowner rates by nearly six percent. The judge ruled […]

Business

Wednesday AM October 17th, 2007

Posted on · ExxonMobil CEO urges Congressional focus on energy security…Association for the Study of Peak Oil looks at worldwide oil reserves…Consumer Electronics Association says holiday sales of electronics up seven percent… ExxonMobil CEO Rex Tillerson says energy legislation being considered in Congress is too focused on supply independence and not enough on security. Speaking at an energy […]

Business

Tuesday AM October 16th, 2007

Posted on · Fox Business Network debuts…Dell layoffs prompt new legislation…Greater Houston Partnership and UK Trade & Investment group at British Consulate host day-long conference on future of liquid fuels… Rupert Murdoch’s News Corporation has launched Fox Business Network. It is a challenge to General Electric’s highly profitable CNBC. Murdoch is no stranger to targeting established leaders. Fox […]

Business

Tuesday PM October 16th, 2007

Posted on · Houston realtors note decline in sales…Dallas-based homebuilder records 39 percent fall in orders…Cigna Healthcare of Texas and Kelsey-Seybold Clinic offer new HMO… The decline in real estate sales experienced in September was the largest in more than a decade, according to the Houston Association of Realtors. Houston remained ahead of 2005 in terms of sales […]

Business

Monday AM October 15th, 2007

Posted on · Chick-Fil-A executive speaks about ethics at UH Bauer College of Business…Producer Price Index shows 1.1 percent jump; retail sales rise six-tenths of a percent…”No Nukes” musicians to deliver same message to Congress… The operations chief at Chick-Fil-A spoke to students at the University of Houston as part of its Leadership and Ethics Week at the […]

Business

Upcoming Bond Election Seeks $250 Million for Port of Houston

Posted on · The Port of Houston is asking voters next month to consider its request for $250 million worth of port bonds. Houston Public Radio’s Ed Mayberry reports. Click to Listen Port of Houston Chief Executive Tom Kornegay says the money would be earmarked for physical expansion, as well as for security and environmental improvements.  He says […]