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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
Posted on · ConocoPhillips CEO to meet with Lukoil counterpart in Houston this week…Nobel prize for economics awarded to three Americans…Platts economist predicts oil and natural gas companies will need to spend $21 trillion in capital expenditures by 2030… ConocoPhillip’s chief executive James Mulva said he’ll meet later this week in Houston with the chairman of the Russian […]