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Monthly Home Sales Near 7,800, Topping Pre-Recession High

Houston monthly home sales and average home prices both set new records in May.
 


Oil And Gas Hiring Set To Increase Over Next Six Months

The pace of hiring in the oil and gas industry is likely to pick up soon, according to a national survey by Houston-based Rigzone.


Mexico Prepares To Ramp Up Imports Of US Natural Gas

Houston is benefiting from rising U.S. natural gas exports to Mexico. Those exports are on track to grow significantly over the next few years.


Vehicle Sales Level Off After Year-Long Rocket Ride

Houston vehicle sales for May were virtually unchanged from a year earlier — according to Tex Auto Facts, published by InfoNation of Sugar Land.


Marathon CEO To Retire August 1

Marathon Oil has announced long-time CEO Clarence Cazalot Jr. is preparing to step down as head of the Houston-based company.


Texas Workers Recover $6.3 Million In Unpaid Wages Under Payday Law

The Texas Workforce Commission helped working Texans collect more than $6 million in unpaid wages in 2012.


Four Months After Nightmare At Sea, Carnival Triumph Set To Sail Again

A Carnival Cruise Lines ship that spent several days adrift in the Gulf of Mexico after an engine fire has been repaired and will resume cruises from Galveston on Thursday.


As Istanbul Protests Turn Violent, Houston Businesses Look On Warily

Houston companies with business interests in Turkey are growing anxious as clashes in between protesters and government forces escalate.


Interest.com: Texans Aren't Saving Enough for Retirement

A study by personal finance website Interest.com finds that senior citizens in 48 out of 50 states are not putting aside enough money for retirement.


Houston Employment, Sales Growth Level Off

Houston economic activity slipped for the third month in a row, according to the latest survey by the Institute for Supply Management – Houston.


What Makes A Job A STEM Job?

A new study from the Brookings Institution finds that jobs tied to science, technology, engineering or mathematics — or STEM fields — make up a far larger proportion of the economy than previously believed.


Grocers Supply, Fiesta Mart Parent, Buys Gerland

Grocers Supply, the Houston-based distributor and owner of Fiesta Mart, is purchasing Gerland Corporation for an undisclosed sum.


Uneven Job Gains For Class of 2013

For the last five years, high school and college graduates entering the workforce have faced bleak prospects. While the Class of 2013 has cause for more optimism, the job market for many graduates remains challenging.


Interior Dept. Extends Comment Period On Fracking Rule

Companies that drill for oil and natural gas — and their critics — will have 60 more days to comment on a new rule regulating hydraulic fracturing operations on public lands.


Texas Businesses See Below-Average Gains From Online Advertising

Google is reporting an uptick in revenues for Texas businesses and nonprofits, due to increased awareness of their Internet presence.


Spending On US Oil And Gas Reserves Tops $185 Billion

Spending by U.S. oil and gas producers to find and develop new supplies rose 20% last year compared to 2011. That's according to a study released by the Houston office of Ernst & Young.


State Green Lights Expansion Of Sweeny Chemical Complex

The Texas Commission on Environmental Quality has approved Chevron Phillips Chemicals' request to expand ethylene production at its Sweeny complex in Brazoria County.


Houston, Galveston Push for Swifter Adoption Of Cleaner Fuels For Trucks

The Houston-Galveston Area Council is gearing up for the region's annual Clean Fleet Technologies Conference this week.


Falling Oil Prices, Construction Volatility Ding Texas Economy In March

Economic indicators for Texas appeared to cool in March, according to the latest survey by Comerica Bank. But that's likely to be a small bump in the road.


Despite Drug Violence, US Companies Say Risks Of Doing Business In Mexico Falling

A majority of foreign companies doing business in Mexico say the security climate is either steady or improving.


Houston IT Firm Aims To Woo Publishing Giants At Book Expo America

Book Expo America gets underway today in New York, and one Houston IT firm is hoping the event will help it win over some of the publishing industry's heavyweights.


As Economy Improves, Labor Shortages Threaten

While much of the country is still struggling with higher-than-normal unemployment, some key sectors are facing the opposite problem — labor shortages.


Comicpalooza Shatters 2012 Attendance Record

Comicpalooza wrapped up its three-day run at the George R. Brown Convention Center Sunday.


True The Vote Sues IRS, Charging Unfair Targeting

Houston-based True the Vote has announced it is suing the Internal Revenue Service. The Tea Party affiliated group charges IRS unfairly targeted it for audits after it filed for tax-exempt status.


Texas Joins Multi-State Settlement In E-Book Price Fixing Case

The Office of Attorney General Greg Abbot announced Texas has joined 32 other states to settle a case against Penguin Group over price fixing in the electronic book market.


New Construction Starts Up 4% Over Past Year

The value of building contracts for Greater Houston over the twelve months ending in April were up slightly compared to the previous twelve months.


Will A Stricter Sulfur Rule Drive Up Gas Prices?

The Environmental Protection Agency has proposed slashing the sulfur content of gasoline by 2017. Refiners say the rule would cost billions of dollars to implement.


Plunging Inventory Pushes Houston Home Prices To Record Highs

Houston home sales continued climbing in April, sending home prices to all-time highs.


Consumers Reluctant to Boost Spending, Despite Falling Gas Prices

U.S. gasoline prices have fallen roughly thirty cents a gallon since February. But few consumers are pumping their savings back into the economy.


Jobs Outlook Improves For All But Youngest Vets

As Memorial Day 2013 approaches, the job market for post-9/11 veterans is showing unusual strength. But unemployment remains stubbornly high for the youngest veterans.


New Apartment Construction Still Chasing Demand

The Houston Apartment Association held its annual conference and expo at Reliant Center on Thursday.


GHP Seeks To Head Off Labor Crunch

The Greater Houston Partnership has announced a new effort head off potential shortages of skilled labor that could limit the region's economic growth.


Houston Business Plants Trees To Offset Pipeline Construction

Resource Environmental Solutions is approaching a milestone. The Montrose-based company has planted nearly 6 million trees to offset the effect of economic development on vulnerable wetlands.


Despite April Slowdown, Houston Auto Sales On Track For Strong Year

Houston auto sales in April were down compared to March but overall sales for the past year performed strongly.


More Hiring Managers Insist On Degrees For Low-Skilled Jobs

Job opportunities for workers without college degrees are dwindling faster than ever.


Sales Slide In April, But Job Growth Remains Solid

Houston industry slowed in April according to the latest survey by the Institute for Supply Management — Houston.


Houston Retains Top Spot For US Seaborne Trade With Brazil

Houston has held onto its ranking as Brazil's largest U.S. seaborne trade partner, both by value and by weight.


Women Filling Larger Percentage Of Oil & Gas Jobs

The pace of hiring in the oil and gas industry slowed in the first quarter of 2013, compared to the fourth quarter of 2012. But the workforce itself is growing more diverse.


Ex-Enron CEO Skilling's Sentence To Be Reduced

Federal prosecutors and attorneys for former Enron CEO Jeffrey Skilling say they have reached an agreement that will reduce the jailed executive's sentence for his role in the energy giant's collapse.


Energy Star Sales Tax Holiday Approaches

Consumers get a break, and retailers don't do so badly, either.  The opportunity for Texans to save money on energy efficient appliances is fast approaching.


State Sales Tax Revenues Up 3.9% Compared To A Year Ago

The Texas State Comptroller's Office says that state sales tax revenue was up $2.15 billion in April. That's up 3.9 percent compared to April 2012.


OTC: One Exhibitor Talks Of Thousands Of Jobs In Oil And Gas

The Offshore Technology Conference has hundreds of panel discussions about all aspects of the oil and gas industry this week at Reliant Park.


Why BMC Sale Could Affect Jobs In Houston

The announcement that a Houston-based business software giant will be sold to a private equity group could mean eventual layoffs and other changes at the company.


Texas Unemployment Lowest In Metros And Energy-Focused Areas

The unemployment picture in Texas is substantially better than other states, and the energy sector is a big factor. Areas that are energy-focused fare better than other parts of the state. But large cities are also contributing to better numbers in Texas.


Texas Medical Center Plans Job Fair For Veterans

The Texas Medical Center is hosting a job fair for military veterans next Wednesday.


Could Outsourcing Help Your Small Business Grow?

If you're short on qualified people, outsourcing is one way you can help scale up.


Safeguards Discussed For Preventing Social Media Distortion Of Markets

A recent false report about explosions at the White House, posted on social media and picked up by news web sites, caused an immediate drop in the Dow Jones Industrial Average. So now, additional safeguards are being discussed.


Small Business Survey Finds Optimism for Hiring, Raises

A majority of Texas business owners plan to grow their businesses over the next six months, according to a survey of small businesses.


CarShare Program Offers Options For Those Using Alternative Transportation

There's another transportation option in the Energy Corridor — shared vehicles that can be used for errands while at work.


Acting Secretary Of Labor Pushes Minimum Wage Increase

The Acting Secretary of Labor has been making the rounds in 20 U.S. cities to stump for the president's plan to raise the minimum wage.


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