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 […]

Business

Monday PM October 15th, 2007

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 […]

Business

Friday AM October 12th, 2007

Posted on · National foreclosures double from last year’s figures…Southwest Airlines cautious about air travel demand this fall; no immediate plans to cut back on expansion…Airgas plans new liquid carbon dioxide plant at Shell Deer Park refinery complex… A real estate information company says foreclosure filings across the U.S. nearly doubled last month compared with September 2006. More […]

Business

Friday PM October 12th, 2007

Posted on · Centex Corporation reports continuing fall in home sales…Retail gasoline prices continue dropping…Produce Marketing Association hosts four-day 2007 Fresh Summit International Convention and Exposition… Dallas-based homebuilder Centex Corporation reports the slump continues in the housing industry. It says its home sales fell 13 percent in its most recent quarter, and the company will take nearly $1 […]

Business

Thursday AM October 11th, 2007

Posted on · Port of Houston-Wide Job Fair set for today…Public TXU Corporation ownership passes to private investors led by Kohlberg Kravis Roberts and TPG…Entrepreneurship program at University of Houston’s Bauer College of Business ranks second in nation… The Port of Houston-Wide Job Fair is set for today at the Jimmy Burke Activity Center in Deer Park. Public […]

Business

Thursday PM October 11th, 2007

Posted on · Government investigators raid EGL offices in surcharge probe…BP plans organizational changes…Waste Management announces “green” initiative… The FBI raided the Houston and London offices of EGL on Wednesday in an industry-wide antitrust investigation. An EGL spokesperson says the investigation is related to surcharge practices in the global freight industry for fuel costs and customs handling. The […]

Business

Wednesday AM October 10th, 2007

Posted on · Houston technology start-ups awarded more than $3.86 million in grants from Texas Emerging Technology Fund…Secretary of State Condoleezza Rice urges Congress to pass three Latin American free trade agreements…UAW threatens strike against Chrysler if agreement isn’t reached by this morning… The Houston Technology Center hosted its fourth annual showcase at the Hyatt downtown, with Texas […]

Business

Wednesday PM October 10th, 2007

Posted on · Bush announces initiative to help homeowners avoid foreclosure…Realtors cut forecast for home sales…Chrysler and United Auto Workers suspend talks after thousands walk off job… The Bush administration has announced a new effort to help homeowners avoid being trapped in a rising tide of foreclosures. Treasury Secretary Henry Paulson says the initiative will bring together 11 […]

Business

Tuesday AM October 9th, 2007

Posted on · American Airlines to resume talks with ground workers union next month…Supreme Court considers case that could affect Enron investors…Mozambique to develop $1.1 billion steel project cancelled after Enron’s collapse… American Airlines is profitable again after racking up $8 billion in losses since 2001. Now the Fort Worth-based carrier faces a three-front battle to limit labor […]