Valero Energy posts 2nd-quarter loss of $254 million as weak demand, margins hurt resultsHOUSTON — Valero Energy Corp. on Tuesday reported a $254 million loss for the normally robust second quarter, and the nation’s largest independent refiner said it could lose money for the rest of the year if a weak economy persists. Census: Public school spending per pupil varies among states in 2007, smallest chunk from fedsHOUSTON — Per pupil spending in public schools varies widely from state to state, but the federal government contributes comparatively little to K-12 education, according to a Census report released Monday. Texas grand jury declines to indict father of Packers WR Donald DriverHOUSTON — A Harris County grand jury has declined to indict the father of Green Bay Packers wide receiver Donald Driver, who said three Houston police officers beat him during a traffic stop. AP source: Jackson’s doc administered anesthetic that authorities believe killed the pop starLOS ANGELES — Michael Jackson had been using a powerful anesthetic to help him sleep, and authorities are working under the theory that a dose of it administered by his personal physician killed him, a law enforcement official told The Associated Press. Spectra Energy declares quarterly dividend of 38 cents, payable Aug. 14HOUSTON — Natural gas storage and transport company Spectra Energy Partners LP said Monday the board of directors for its general partner has declared a cash distribution of 38 cents per unit for the quarter ended June 30. Boardwalk Pipeline 2nd-qtr profit falls sharply on costs related to expanded pipelinesHOUSTON — Boardwalk Pipeline Partners LP, which transports and stores natural gas, on Monday said its second-quarter profit fell 69 percent on higher expenses related to newly expanded pipelines. Houston store clerk teaches robber a lesson with knuckle sandwich, TaserHOUSTON — A robbery attempt in Houston turned into a knuckle sandwich for the suspect. Sandwich store clerk Yava Matthews punched the man in the mouth as he tried to get away with some money. Matthews said the man Monday night lunged over the counter and grabbed her cash drawer. Matthews said her “initial response was to hit him. So I hit him.” Baker Hughes says number of active oil rigs jumps by 23 to 943HOUSTON — The number of rigs actively exploring for oil and natural gas in the United States rose by 23 this week to 943. Schlumberger second-quarter profit falls 57 percent as oilfield activity declinesHOUSTON — Schlumberger Ltd. exemplified the ongoing troubles for oil and gas industry, reporting Friday its second-quarter earnings tumbled 57 percent and offering an uncertain outlook for the rest of 2009 and beyond. Houston police say 8 people ages 14 to 21 were wounded in Texas Southern drive-by shootingHOUSTON — Houston police on Thursday increased to eight the injury toll from a drive-by shooting at a community rally on the Texas Southern University campus. Occidental Petroleum profit falls 70 percent but still beats Wall Street expectationsHOUSTON — Occidental Petroleum Corp. said Thursday its second-quarter earnings fell 70 percent from a year ago as results were hit hard by lower oil and natural gas prices. But the company’s profit topped Wall Street expectations and its production rose. Occidental Petroleum profit falls 70 percent on plummeting oil and gas pricesHOUSTON — Occidental Petroleum says its first-quarter profit fell 70 percent from a year ago as results were hit hard by lower oil and natural gas prices. 6 shot, wounded in drive-by attack at community rally on Texas Southern University campusHOUSTON — Gunfire on the Texas Southern University campus wounded six people and scattered the crowd at a community rally, and police on Thursday were investigating whether a gang rivalry was behind the drive-by shooting. Shootings reported at Texas Southern University event, spokesman says at least 3 woundedHOUSTON — Multiple shootings were reported at a Wednesday night concert on the Texas Southern University campus where a spokeswoman said at least three people were wounded. Lawyer for Jackson’s doctor says LA police, DEA searching for evidence of manslaughterHOUSTON — Dozens of police and federal agents descended on the Houston clinic of Michael Jackson’s doctor Wednesday in what his attorney said was a search for evidence of manslaughter, thrusting the doctor back under suspicion in the King of Pop’s death. LA police, DEA raid Michael Jackson doctor’s clinic in HoustonHOUSTON — Los Angeles police and federal drug agents searched the Houston clinic of Michael Jackson’s doctor Wednesday, while investigators in California sought more information from him. Federal drug agents raid Michael Jackson doctor’s clinic in HoustonHOUSTON — Los Angeles police and federal drug agents searched the Houston clinic of Michael Jackson’s doctor Wednesday, even as investigators in California sought more information from him. Report: DEA raids Jackson doctor’s Houston clinicHOUSTON — Federal drug agents searched the Houston clinic of Michael Jackson’s doctor Wednesday, according to a news report, even as investigators in California sought more information from the man. Ex-Houston congressman Washington accused of firing at teens agrees to deal, avoids trialHOUSTON — A former Houston congressman accused of firing a gun at two teens in a car avoided going to trial Monday after working out a deal with prosecutors that would result in the charge against him being dropped at a later date. Stanford’s attorneys file appeal of judge’s decision to revoke Texas financier’s bondHOUSTON — Texas financier R. Allen Stanford is not a flight risk and a federal judge’s decision to keep him jailed while awaiting trial on fraud charges should be reversed, his lawyers said in an appeal filed Monday. Halliburton 2Q profit falls 48 pct; CEO says no end to natural gas glut this yearHOUSTON — Halliburton on Monday said its profit tumbled for a second straight quarter, primarily from a falloff in natural-gas production in North America, and the oilfield services giant offered little hope for an uptick in drilling before year’s end. Halliburton 2Q profit falls 48 pct on sluggish oilfield activityHOUSTON — Halliburton says its second-quarter profit tumbled 48 percent as sluggish exploration and production activity, particularly in North America, crimped results. Many key players of Apollo 11 still alive 40 years after moon landing, have books outCAPE CANAVERAL, Fla. — In the 40 years since Apollo 11, some of the key players, most notably Neil Armstrong, have steered clear of the increasingly bright glare of the moonlight cast by the historic lunar landing. Others have embraced it. Almost all have written books detailing not only themselves but the glory days of space. Cronkite, authoritative anchor called ‘most trusted man in America,’ remembered as ‘an icon’NEW YORK — The death of Walter Cronkite elicited tributes from colleagues, presidents past and present, world-famous astronauts and those who hoped in vain to fill his empty anchor chair, all honoring the avuncular face of TV journalism who became the “most trusted man in America.” Baker Hughes says number of active oil rigs rises by 4 to 920HOUSTON — The number of rigs actively exploring for oil and natural gas in the United States rose by 4 this week to 920. Continental CEO Kellner to step down at year-end, be replaced by company president SmisekDALLAS — Chairman and CEO Lawrence W. Kellner will leave Continental Airlines Inc. at the end of the year to return to the private-equity business and will be replaced by company president Jeffery Smisek. Continental CEO Kellner departing for private-equity firm, Jeff Smisek named as successorHOUSTON — Continental Airlines says CEO Larry Kellner is stepping down to go into the private-equity business and will be replaced by company president Jeff Smisek. Judge to allow victims of Stanford fraud to be heard before exec’s plea deal acceptedHOUSTON — Individuals who believe they are victims of an alleged $7 billion fraud that prosecutors say was perpetrated by Texas financier R. Allen Stanford’s business empire will have a chance to tell their stories at a court hearing next month, a judge ruled Tuesday. Texas considers 55-mile ‘Ike Dike’ to protect the coast from floodingGALVESTON, Texas — It has been dubbed the “Ike Dike” — a 55-mile barrier, 17 feet high, that would be built along the Texas Gulf Coast to fend off the sort of devastating flooding inflicted by last year’s Hurricane Ike. Continental to take $31M charge against value of 737s; expects total 2Q charges of $44 millionHOUSTON — Continental Airlines Inc. says it will record a $31 million charge against the value of its Boeing 737s in its fiscal second-quarter results because of the falling market value of those planes. |
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