by Henry Strother | Apr 26, 2021 | Business
In the nineties, Texans lost their minds—and their shirts—investing in ostriches and emus. But some think the industry could take flight again. When the ostrich reached in to nip at his collar, Boyd Clark bopped it gently in the face with his cowboy hat. The bird drew...
by Henry Strother | Apr 22, 2021 | Business
The pandemic has wreaked havoc in the rental car industry, leading to a shortage of cars and sticker shock for travelers. Here are some tips for finding an affordable one. On March 31, the day before he moved from San Diego, Calif., to Austin, Texas, Clay Hebert went...
by Brant Foy | Apr 22, 2021 | Business
Baker Hughes reported a loss in the first quarter after its investment in an artificial intelligence company plunged in the stock market. The Houston oil-field services giant lost $452 million in the quarter ended March 31, compared with a $653 million profit in the...
by Henry Strother | Apr 20, 2021 | Business
The oil and gas sector is currently enjoying a mini-boom cycle as economies gradually re-open and oil demand begins to return to a semblance of normalcy. The oil markets are in an upbeat mood once again, with oil futures trading sharply higher on Wednesday after the...
by Brant Foy | Apr 16, 2021 | Business
Sparton Corporation, a DeLeon Springs-based provider of sonobuoys for the U.S. Navy and engineered products for the defense industry, was recently acquired by Elbit Systems of America LLC from an affiliate of Cerberus Capital Management L.P. for $380 million. The...
by Brant Foy | Apr 12, 2021 | Business
Nowhere are completions climbing faster than in the Permian Basin, analysts said. The data is borne out by the rising rig count in West Texas and southeastern New Mexico. The number of wells completed in the Permian between January and March “exceeded the required...
