Posts Tagged ‘houston’

TEXT-S&P summary: Sonic Automotive Inc.

by on November 21, 2012 2:24 pm BST
Wed Nov 21, 2012 9:24am EST We believe U.S. sales of new light vehicles could improve to 14.4 million units in 2012, a 12% increase year over year, despite continuing high unemployment and unsettled consumer sentiment. We assume this positive demand trend will continue through 2013, with new vehicle sales increasing about 7% because

Search for two missing ongoing after Gulf blast

by on November 17, 2012 1:29 am BST
Black Elk representatives could not provide any details after repeated calls to its office in Houston throughout the day Friday. Early reports said two people had died in the explosion in West Delta Block 32. As of 19:30 in Houston, no confirmation of the fatalities was available. The four injured are reported

Fire reported on Gulf platform

by on November 16, 2012 4:31 pm BST
Initial reports said two people had died, but that has not been confirmed. CNBC reported that the fire had been contained around 10:30 am local time.The four injured were airlifted to the West Jefferson Medical Centre in Louisiana, local reports said, citing the US Coast Guard. Three of them are

Brent crude steadies as Middle East tensions escalate

by on November 15, 2012 5:11 am BST
Oil rose, diverging from most other riskier assets, as Israel launched a major offensive against Palestinian militants in Gaza and announced there was more to come. But gains were capped as the US and Europe grappled with their financial woes, pushing Asian shares and base metals lower, Reuters stated.Brent