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The Galveston County Daily News: Business

April 30, 2016

Business

Top Story

US rig count drops 11 this week to 420, another all-time low

HOUSTON (AP) — The number of rigs exploring for oil and natural gas in the U.S. dropped by 11 this week to 420, again reaching an-time low amid depressed energy industry prices.

Latest Headlines

Friday 04/29/2016
American Airlines apologizes to musician for barring violin
Posted: April 29, 2016

FORT WORTH, Texas (AP) — American Airlines apologized to a concert violinist after she was not permitted to board a plane with her antique violin.

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Texas court blocks Houston from using tougher clean-air laws
Posted: April 29, 2016

HOUSTON (AP) — The Texas Supreme Court has blocked Houston from enforcing tougher clean-air laws over the hub of industrial pollution that makes it one of the smoggiest cities in the U.S.

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Whole Foods exec: No tattoo shops planned for new chain yet
Posted: April 29, 2016

NEW YORK (AP) — Whole Foods is prepping for the launch of its hipster new grocery chain. But shoppers won't be able to get a tattoo with their cheese just yet.

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Exxon tops Street 1Q forecasts
Posted: April 29, 2016

IRVING, Texas (AP) _ Exxon Mobil Corp. (XOM) on Friday reported first-quarter earnings of $1.81 billion.

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Xcel Energy approves $40M in new transmission projects
Posted: April 29, 2016

CARLSBAD, N.M. (AP) — More than 30 miles of transmission lines and several electrical substations will be upgraded as part of eight infrastructure projects being planned by Xcel Energy.

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Thursday 04/28/2016
FAA begins early inspection of Allegiant Air operations
Posted: April 28, 2016

DALLAS (AP) — Federal safety officials are reviewing operations at Allegiant Air two years ahead of schedule, spurred by incidents including an aborted takeoff and a plane that landed low on fuel.

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Caterpillar closing 5 more plants amid low demand
Posted: April 28, 2016

OXFORD, Miss. (AP) — Caterpillar Inc. says it will close five more factories — including an Oxford, Mississippi plant — as the Peoria, Illinois-based heavy equipment maker reacts to slowing demand for construction and mining equipment worldwide.

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Texas man in Iowa to face lottery jackpot fraud charges
Posted: April 28, 2016

DES MOINES, Iowa (AP) — A Texas man accused of helping a lottery computer manager in Iowa collect jackpots from rigged lottery games has given up an extradition fight to face charges in Iowa.

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CSU alumni gives $13 million for scholarships, construction
Posted: April 28, 2016

FORT COLLINS, Colo. (AP) — Colorado State University says an energy company CEO who graduated from the school is donating $13 million for scholarships and construction projects.

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