Business

Thursday AM November 8th, 2007

Posted on · Business Confidence Survey indicates expectations for higher growth rates…Worker productivity surges at fastest pace in four years…Survey finds consumers reducing spending this holiday season; concerns about all product recalls… Fifty-five percent of small business executives are optimistic about the economy heading into 2008, according to an Administaff survey. Their Business Confidence Survey says nearly 55 […]

Business

Wednesday AM November 7th, 2007

Posted on · $ continues losing ground against ‘ and ?…Plains Exploration & Production and Pogo Producing shareholders approve combination… resident Bush proposes tougher policing of products from abroad… The dollar’s new low against the Euro comes amid expectations of more interest rate cuts in the U.S. and concern about the strength of the economy. The Euro rose […]

Business

Wednesday PM November 7th, 2007

Posted on · Coast Guard continues monitoring offshore pipeline leak in east Texas…Oil supplies fall for third straight week as gas prices continue rising…HUD giving Harris County $20 million to help cover costs from Hurricanes Katrina and Rita evacuees… The U.S. Coast Guard and other responders are monitoring an offshore crude oil pipeline release about four miles offshore […]

Business

Tuesday AM November 6th, 2007

Posted on · Supply managers see economic growth…Hiring managers rate permanent staff higher than consulting staff…Dell buys Equallogic in $1.4 billion deal… A faster pace of business for the nation’s services sector. The Institute for Supply Management says its index covering services rose a point in October to 55.8. Any reading above 50 indicates growth. The reading was […]

Business

Tuesday PM November 6th, 2007

Posted on · Houston home starts and closings continue falling…Mayor Bill White calls for chemical industry to improve air quality…Crude oil futures prices end at new record… Houston home starts and closings continued falling in the third quarter, according to Houston-based MetroStudy, as reported in the Houston Chronicle. The research group blames poor mortgage lending practices. Developers started […]

Business

Monday AM November 5th, 2007

Posted on · Robert Half International expects higher salaries in 2008 for accounting, financing, administrative and IT professionals…Spectra Energy plans $3 billion pipeline connecting Rocky Mountain natural gas supplies with Western markets…North Harris Montgomery Community College District approves name change… Robert Half International has released its 2008 salary guides for accounting, financing, administrative and IT professionals. Starting salaries […]

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 […]