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Commodity Futures Investing: Method to the Madness
Texas Business reports:  Commodity futures market participants have traditionally fallen into one of two groups: hedgers and speculators. Hedgers produce or consume a commodity and enter the market to reduce the risk of adverse price movements. Speculators, on the other hand, seek monetary gain by anticipating when and in what direction futures prices will move.

Recently, a third group has entered the marketplace, according to the Federal Reserve Bank of Dallas. Seeking neither to hedge risk nor to speculate on prices, these individuals invest in commodity futures as a separate asset class, not unlike someone buying stocks or bonds.

 Full Story »
TexasBusiness.com

New York Firm Buys Dallas’ CompressorWorks In $37 Million Deal

Texas Business reports: DALLAS—New York’s Standard Motor Products Inc., an automotive replacement parts manufacturer and distributor acquired CompressorWorks, a temperature control company, for approximately $37.4 million.

 Full Story »
TexasBusiness.com

Apache Completes Cordillera Energy Partners III, LLC Acquisition

Texas Business reports: HOUSTON—Apache Corporation completed its previously announced acquisition of Cordillera Energy Partners III  LLC, a privately held company with operations and acreage across the Granite Wash, Tonkawa, Cleveland and Marmaton plays in western Oklahoma and the Texas Panhandle. 

 Full Story »
TexasBusiness.com

Comstock Resources Completes Oil and Gas Property Divestitures

Texas Business reports: FRISCO, Texas—Comstock Resources Inc. completed the previously announced divestiture of certain oil and gas properties located in Tyler and Polk counties in South Texas and Lincoln Parish in North Louisiana.

 Full Story »
TexasBusiness.com

Asset Revitalization Solutions Tops $100 Million Mark in Distressed Loan Purchases

Texas Business reports:  AUSTIN—Asset Revitalization Solutions LLC, an Austin-based distressed commercial real estate asset management company recently completed the acquisition of $73 million in distressed loans from a New York bank.

 Full Story »
TexasBusiness.com

CarFinance Capital Extends National Footprint: Opens Texas Office

Texas Business reports: IRVINE, Califorina—CarFinance Capital LLC, a specialized provider of non-prime financing services for auto dealers, opened a new office in Fort Worth which is expected to eventually house up to an additional 125 employees. 

 Full Story »
TexasBusiness.com

Student Loan Borrowers Dazed and Confused by Servicer Shuffle

The Department of Education has been transferring large batches of federal student loans to new loan-servicing companies — leaving in the lurch some borrowers who are suddenly encountering problems with their loans, such as payments that are mysteriously adjusted up or down.

 Full Story »
Marian Wang for ProPublica

Biometric Signature ID Secures Series A Equity Investment from Mohegan Biometrics LLC

Texas Business reports:  DALLAS—Biometric Signature ID Inc. (BSI), developers of patented gesture biometrics software for Identity authentication over the Internet, closed a Series A financing with Mohegan Biometrics LLC, a subsidiary of the Mohegan Tribe of Indians of Connecticut.

 Full Story »
TexasBusiness.com

McCombs Adds New Master’s Degree In Finance

Texas Business reports:  AUSTIN—College graduates with nonbusiness backgrounds can now earn a master of science degree in finance (MSF) from the McCombs School of Business. The 10-month degree, which is the newest expansion of McCombs' specialized master’s degree programs, will launch in July 2012.

 Full Story »
TexasBusiness.com

Imperial Sugar Company Completes Sale of Wholesome Sweeteners Investment

Texas Business reports: SUGAR LAND, Texas—Imperial Sugar Company completed the sale of its 50% interest in Wholesome Sweeteners Inc. to an affiliate of Arlon Group, a private investment group focused on food and agriculture. 

 Full Story »
TexasBusiness.com

Delta Seaboard International, Inc. and American International Industries, Inc. Sell Delta Seaboard Well Service, Inc.

Texas Business reports:  HOUSTON and KEMAH, Texas—Delta Seaboard International Inc. and American International Industries Inc. sold Delta's wholly-owned subsidiary, Delta Seaboard Well Service, Inc. to Delta Seaboard LLC, ( Delta LLC) an entity controlled by Delta president Robert Derrick, Jr. and Delta vice president Ron Burleigh.

 Full Story »
TexasBusiness.com

Security Service Federal Credit Union membership opens to UTSA   | sanant_txbz, UTSA, Security Services, FCU, credit union,
Security Service Federal Credit Union membership opens to UTSA

Texas Business reports:  San Antonio’s largest credit union is tapping the UTSA market.

 Full Story »
TexasBusiness.com

Round Rock Firm Wins $7.3 Million Military Insurance Support Contract

Texas Business reports:  A Round Rock firm won an $7.3 million contract for support of the military’s health insurance program, according to the U.S. Department of Defense.   

 Full Story »
TexasBusiness.com

Arabian American Receives Approval for Listing on the NYSE

Texas Business reports:  SUGAR LAND, Texas—Arabian American Development Co received notification that its common stock has been approved for listing on the New York Stock Exchange (NYSE) and is currently going through the required regulatory processes associated with the switch to the NYSE.

 Full Story »
TexasBusiness.com

ViewPoint Financial Group Receives Regulatory Approvals for Acquisition of Highlands Bancshares

Texas Business reports:  PLANO—ViewPoint Financial Group Inc. received all regulatory approvals for its acquisition of Highlands Bancshares Inc. and Highlands' subsidiary bank, The First National Bank of Jacksboro. 

 Full Story »
TexasBusiness.com

ULURU to Transition From NYSE Amex to OTC Markets

Texas Business reports:  ADDISON— ULURU advised the NYSE Amex of its intent to initiate a voluntarily delisting of the company's common stock from trading on the exchange.

 Full Story »
TexasBusiness.com

Campus Advantage Closes On $100 Million Joint Venture

Texas Business reports:  AUSTIN—Campus Advantage, a student housing company, receinlty closed its acquisition of two properties, a $100 million joint venture with one of the nation's largest pension funds.

 Full Story »

VHGI Holdings Acquires Lily Group Inc. and Secures $13 Million Financing

Texas Business reports:  Fort Worth—VHGI Holdings Inc. announced its wholly-owned subsidiary, VHGI Coal, Inc. acquired all of the stock of Lily Group Inc.

 Full Story »
TexasBusiness.com

Leagues of Their Own Inc., Professional Sports Wives Association To Create Credit Union

Texas Business reports: KATY—Two pro sports women's associations are teaming up to form a credit union with an educational wealth empowerment program for pro athletes and their families. 

 Full Story »
TexasBusiness.com

Outreach Services Merger With Cardon Healthcare Creates Largest Provider of Eligibility Services to Hospitals

Texas Business reports:  THE WOODLANDS— Cardon Healthcare Network announced that Outreach Services has agreed to a merger between the two companies.

 Full Story »
TexasBusiness.com

Ryan Closes $100 Million Syndicated Credit Facility; Will Support Continued Growth and International Expansion

Texas Business reports:  DALLAS—Ryan, a leading global tax services firm with the largest indirect tax practice in North America, secured a $100 million (expandable to $135 million) syndicated credit facility led by Bank of America, N.A., including Comerica Bank; Citibank, N.A.; and Fifth Third Bank.


 Full Story »
TexasBusiness.com

Prosperity Bancshares To Buy The Bank Arlington

Texas Business reports: HOUSTON—Prosperity Bancshares Inc.  plans to acquire The Bank Arlington. 

 Full Story »
TexasBusiness.com

Texas Trust Credit Union Increases Local Banking Competition in Grand Prairie

Texas Business reports:  MANSFIELD—Texas Trust Credit Union will soon open another branch in Grand Prairie, its ninth in north Texas, giving area consumers more choice for their banking options.


 Full Story »
TexasBusiness.com

Austin’s ARS Expands Florida Investment to Nearly $30 Million Distressed Loans

Texas Business reports:  AUSTIN—Asset Revitalization Solutions,  specialists in distressed asset investments and management, acquired $10 million in distressed loans in Florida.


 Full Story »
TexasBusiness.com

Prosperity Bancshares Inc. Completes Acquisition of Texas Bankers, Inc.

Texas Business reports:  HOUSTON—Prosperity Bancshares Inc. completed the previously announced acquisition of Texas Bankers Inc. and its wholly-owned subsidiary, Bank of Texas, Austin, Texas.

 Full Story »
TexasBusiness.com

Texas Instruments to move to NASDAQ: Ticker symbol to remain TXN

Texas Business reports:  DALLAS—Texas Instruments Incorporated is transferring its stock exchange listing to The NASDAQ Global Select Market from The New York Stock Exchange, effective January 1, 2012.


 Full Story »
TexasBusiness.com

Chicago’s RFG Fund I LLC Closes on Austin-based Excel Acquisition

Texas Business reports:  CHICAGO—RFG Fund I LLC acquired a majority interest in Excel Finance Holding Company ("Excel"), headquartered in Austin, Texas.


 Full Story »
TexasBusiness.com

Frost Insurance to Acquire Houston-based Human Resource Consulting Firm, Stone Partners

Texas Business reports: HOUSTON—Frost Insurance will acquire Stone Partners Inc., a human resource consulting firm that specializes in compensation, benefits and outsourcing services, effective on January 1, 2012.

 Full Story »
TexasBusiness.com

Highland Funds to Spin-off, Form Pyxis Capital

Texas Business reports:  DALLAS—Highland Funds Asset Management LP will spin off from Highland Capital Management LP and form Pyxis Capital, a registered investment adviser serving financial advisers, institutions, and individual investors seeking registered alternative investment solutions.


 Full Story »
TexasBusiness.com

Generational Equity Announces the Acquisition of Trevathan Tool Company by a Private Investor

Texas Business reports:  DALLAS—Generational Equity, a mergers and acquisitions advisor for privately-held and family-owned businesses, announced the sale of its client, Trevathan Tool Company to a private investor.

 Full Story »
TexasBusiness.com

Prosperity Bancshares to Buy East Texas Financial Services

Texas Business reports:  HOUSTON—Prosperity Bancshares Inc. signed a definitive agreement to acquire East Texas Financial Services Inc. and its wholly-owned subsidiary, First Federal Bank Texas (Firstbank).

 Full Story »
TexasBusiness.com

MidSouth Bancorp Completes Acquisition of Beacon Federal Branch in Tyler, Texas

Texas Business reports:  Louisiana-based MidSouth Bancorp Inc. confirmed its subsidiary, MidSouth Bank , completed its acquisition of the Beacon Federal branch in Tyler, Texas.

 Full Story »
TexasBusiness.com

Akard Street Partners Capitalizes Its Newest Operating Company, Capital Health Holdings, L.P.

Texas Business reports: DALLAS—Dallas-based Akard Street Partners, an investment partnership operated by Hunt Realty Investments, agreed to capitalize its newest real estate operating company, Capital Health Holdings LP, which will acquire and selectively develop private pay senior housing assets throughout the U.S., primarily assisted living and memory care facilities.

 Full Story »
TexasBusiness.com

Resort Finance America Acquires Controlling Interest in Prime Las Vegas Resort Property from Westgate Resorts

Texas Business reports:  DALLAS—Resort Finance America LLC  acquired a controlling interest in PH Towers Westgate in Las Vegas, Nevada from Westgate Resorts. 

 Full Story »
TexasBusiness.com

WhaleShark Media Raises $150 Million in Financing to Support Growth and Acquisition Strategies

Texas Business reports: AUSTIN—WhaleShark Media,  the world's leading marketplace for online coupons and deals, received $150 million in funding from J.P. Morgan Asset Management and Institutional Venture Partners (IVP) bringing the company's total funding from investors to nearly $300 million.


 Full Story »
TexasBusiness.com

Nebraska Firm to Acquire Texas Company

Texas Business reports:  Nebraska-based Ameritas Life Insurance Corp. (Ameritas Life) entered into an agreement in principle to acquire BNL Financial Corporation (BNL), the parent company of Brokers National Life Assurance Company (Brokers National), an Austin, Texas-based insurance company domiciled in Arkansas.

 Full Story »
TexasBusiness.com

KKR Selected as Strategic Partner by Teacher Retirement System of Texas

Texas Business reports:  The Teacher Retirement System of Texas (TRS) selected Kohlberg Kravis Roberts & Co. LP to manage $3 billion of TRS' capital across a variety of private markets' asset classes.

 Full Story »
TexasBusiness.com

Weekly Credit Card Rate Report
Texas Business reports:  AUSTIN--The average interest rate on a new credit card offer stayed static this week, according to the CreditCards.com Weekly Credit Card Rate Report, despite a rate bump by one of the nation's largest issuers. Full Story »
TexasBusiness.com

Huntsman Sells Stereolithography and Digitalis Machine Manufacturing Businesses to 3D Systems Corporation For $41 Million

Texas Business reports:  THE WOODLANDS—Huntsman Corporation announced that its Advanced Materials division completed the sale of its stereolithography resin and Digitalis machine manufacturing businesses to 3D Systems Corporation for $41 million in cash.


 Full Story »
TexasBusiness.com

Tens of Thousands Flow Into Texas Credit Unions

Texas Business reports: DALLAS—Many Texas Credit unions had a steady stream of new accounts open on Saturday as "Bank Transfer Day" drew attention online and on the streets across the state.


 Full Story »

MoneyGram International Signs Agreement with Cumberland Farms to Launch MoneyGram Xpress In-lane Money Transfer Service

Texas Business reports:  DALLAS—MoneyGram International signed an agreement with Massachusetts-based Cumberland Farms to launch the first locations of the MoneyGram  Xpress service.


 Full Story »
TexasBusiness.com

State Banking Agency: Agreed Order Signed with Emmitt Lewis, Jr.

Texas Business reports:  BRENHAM--On May 5, 2011, an Emergency Cease and Desist Order was issued to Emmitt Lewis, Jr., dba Lewis Funeral Home and Chapel for the sale of a trust-funded preneed funeral contract without the required state permit and the mishandling of funds as required by Texas Finance Code Chapter 154, the Texas Department of Banking announced this week.


 Full Story »
TexasBusiness.com

Results of Election: Federal Reserve Bank of Dallas Board of Directors
Texas Business reports:  The election of directors to succeed James B. Bexley, Class B Director, and George F. Jones Jr., Class A Director, whose terms expire Dec. 31, 2011, has been duly held in accordance with the requirements of Section 4 of the Federal Reserve Act. Full Story »
TexasBusiness.com

glendonTodd Capital LLC Invests into F&M Bancorporation Inc.

Texas Business reports:  DALLAS--glendonTodd Capital LLC, a private equity firm that focuses on investments in a broad range of industry sectors including financial services, business services, and technology announces the investment into F&M Bancorporation Inc.


 Full Story »
TexasBusiness.com

Ten Start-ups to Pitch New Business Ideas at University of Texas Venture Expo

Texas Business reports:  AUSTIN—Executive teams from 10 Texas Venture Labs (TVL) portfolio companies will pitch their ideas to investors at the upcoming Venture Expo Oct. 27.


 Full Story »
TexasBusiness.com

Texas Gulf Bank Breaks Ground in Friendswood, Texas

Texas Business reports:  FRIENDSWOOD—Texas Gulf Bank broke ground on its new branch location in Friendswood, Texas.


 Full Story »
TexasBusiness.com

Spredfast Secures $12 Million in Venture Capital Funding to Accelerate Product Innovation and Company Growth
Texas Business reports:  AUSTIN—Spredfast, a social media management system provider, raised $12 million in Series B funding led by InterWest Partners. Full Story »
TexasBusiness.com

IBC To Close 55 Branches In Response To Regulations

Texas Business reports:  LAREDO—International Bancshares Corporation plans to close 55 of its smaller in-store branches located in grocery stores.


 Full Story »
TexasBusiness.com

East Texas Financial Services Inc. Changes Stock Ticker Symbol to FFBT
Texas Business reports: East Texas Financial ServicesInc. announced the company received a new ticker symbol from the Financial Industry Regulatory Authority, and effective today the stock will trade under the new ticker symbol "FFBT" on the OTC Bulletin Board. Full Story »
TexasBusiness.com

Forbes Energy Services Enters into $75 Million Revolving Credit Facility with Regions Bank

Texas Business reports:  ALICE, Texas—Forbes Energy Services Ltd. announced that on September 9, 2011, the company and certain of its subsidiaries entered into a five year asset based revolving credit facility with Regions Bank and certain other lenders, which is secured by substantially all of the company's assets. 


 Full Story »
TexasBusiness.com

San Antonio Bank Wins $7 Million Military Banking Option
 Texas Business reports: A San Antonio bank won a $7 million option on a contract to provide banking services to the military, the U.S. Department of Defense announced. Full Story »
TexasBusiness.com

EZCORP Terminates Proposed Transaction With Australia’s Cash Converters

Texas Business reports:  AUSTIN—EZCORP Inc. terminated an agreement to acquire a controlling interest in Cash Converters International.


 Full Story »
TexasBusiness.com

Life Partners Announces NASDAQ's Acceptance of Its Plan to Regain Compliance

Texas Business reports:  WACO—Life Partners Holdings Inc, parent company of Life Partners, Inc., announced  The Nasdaq Stock Market (Nasdaq) accepted the company's plan to regain compliance with Nasdaq Listing Rule 5250(c)(1) (the Rule) which will permit a continued listing of the company's stock on the Nasdaq Global Select market.


 Full Story »
TexasBusiness.com

Forestar Completes $75 Million Sale to Plum Creek

Texas Business reports:  AUSTIN—Forestar Group Inc.  completed the sale of approximately 50,000 acres of timberland in Georgia and Alabama for $75 million to Plum Creek Timber Company, Inc. Forestar reserved mineral rights and retained an option to acquire the mitigation rights to approximately 1,000 acres for use in mitigation banks.


 Full Story »
TexasBusiness.com

International Bancshares Corporation Partners with Elan Financial Services for Its Credit Card Program
Texas Business reports: LAREDO—Minnesota-based Elan Financial Services, an agent credit card issuer, partnered with International Bancshares Corporation of Laredo, an independent bank holding company in Texas, to offer an industry leading credit card program at its 278 locations throughout Texas and Oklahoma. Full Story »
TexasBusiness.com

Kimbia, Inc. Completes $4 Million Series 2 Financing Round Led by S3 Ventures

Texas Business reports:  AUSTIN—Kimbia Inc. raised more than $4 million in a Series 2 round of funding led by S3 Ventures to expand industry adoption of its Web-based fundraising and event management software.

 Full Story »
TexasBusiness.com

SES Advisors Inc. Opens Texas Office

Texas Business reports: SES Advisors Inc., a Philadelphia-based ESOP advisory, transaction and administration firm,  opened a new office in Fort Worth.


 Full Story »
TexasBusiness.com

M.R. Beal Expands in Texas with Opening of Houston and San Antonio Offices

Texas Business reports:   M.R. Beal & Company, an investment banking firm specializing in municipal finance, corporate finance, and equity execution, announced a major expansion in Texas with the opening of offices in Houston and San Antonio to complement the firm’s presence in Dallas.


 Full Story »
TexasBusiness.com

Wunderlich Opens Dallas Branch   | dal_ftw_txbz, Wunderlich, Wunderlich Securities, Murray Roark, Murray (Pap) Roark, Gary Wunderlich,
Wunderlich Opens Dallas Branch

Texas Business reports:  Tennessee’s Wunderlich Securities opened a  branch in Dallas and named Murray (Pap) Roark as managing director – Texas.


 Full Story »
TexasBusiness.com

Weekly Credit Card Rate Report
Weekly Credit Card Rate Report

Texas Business reports:  AUSTIN--Interest rates on new credit card offers stayed at record highs this week, according to the CreditCards.com Weekly Credit Card Rate Report.


 Full Story »
TexasBusiness.com

Stockholders Advised to Take No Action Pending Review by Temple-Inland's Board of Directors | aust_txbz, international Paper, IP, Temple-Inland,
Stockholders Advised to Take No Action Pending Review by Temple-Inland's Board of Directors

Texas Business reports:  AUSTIN—Temple-Inland Inc. acknowledged that International Paper Company IP announced that it will commence an unsolicited offer to acquire all of the outstanding shares of common stock of Temple-Inland for a price of $30.60 per Temple-Inland share in cash.


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TexasBusiness.com

Pioneer Drilling Completes Amended and Restated $250 Million Credit Facility | sanant_txbz, Pioneer Drilling, energy, oil, gas,
Pioneer Drilling Completes Amended and Restated $250 Million Credit Facility

 Texas Business reports:  SAN ANTONIO—Pioneer Drilling Company Inc entered into an amendment and restatement of its existing credit agreement.  The amended and restated credit agreement provides the company with a $250 million, five-year, senior secured revolving credit facility.


 Full Story »
TexasBusiness.com

California Firm Buys Controlling Interest In Houston's WinTec | hou_txbz, WinTec, Medina, harborboat,
California Firm Buys Controlling Interest In Houston's WinTec

Texas Business reports:  A California firm bought 51 percent of a Houston company and made it a subsidiary. Medina International Holdings Inc. of Corona, California, entered into a with WinTec Protective Systems Inc. of Houston, in which Medina will issue three million shares of its restricted common stock in exchange for 20,400,000 shares of the common stock of WinTec.

 Full Story »
TexasBusiness.com

SIPC to Announce Stanford Liquidation Decision in Mid-September

Texas Business reports:  The Securities Investor Protection Corporation (SIPC), which maintains a special reserve fund mandated by Congress to protect the customers of insolvent brokerage firms, said that it expects to announce on or about September 15, 2011 its decision about the referral provided by the U.S. Securities and Exchange Commission (SEC) with respect to the Stanford Group Company, operated by former Waco businessman  Robert Allen Stanford.


 Full Story »
TexasBusiness.com

Global Technologies Signs LOI to Acquire and Merge with Oxygen Orchard  | hou_txbz, GTLL, Teri H. Mathis,
Global Technologies Signs LOI to Acquire and Merge with Oxygen Orchard

Texas Business reports:  ORCHARD—Global Technologies Ltd.  reached an agreement to acquire and merge with Oxygen Orchard  Inc.


 Full Story »
TexasBusiness.com

Foundation Financial Group Opens Branch In Texas | dal_ftw_txbz, Bedford, Foundation Financial Group, Mark W. Boyer, Rochester, New York, Atlanta, Georgia, Charlotte, North Carolina, Jacksonville, Florida Raleigh, Ncrth Carolina, Savannah, Georgia,
Foundation Financial Group Opens Branch In Texas

Texas Business reports: BEDFORD—Foundation Financial Group, a financial services companies in the U.S., will open its seventh U.S. sales center at 1903 Central Drive in Bedford, Texas, between Fort Worth and Dallas.


 Full Story »
TexasBusiness.com

Imperial Resources Obtains Loan Funding for Key Salt Water Disposal Facility Development | Barnette Shale, gas well, salt water, salt water disposal, waste water, fracture, freehold land well, Ellenberger, Ellenberger formation, Imperial, Tom Barr, Green Tide, Imperial Resources, Imperial Oil & Gas, Salt Water Disposal Facility, Gas, Oil & Energy, Utilities, OTC, SmallCap, Financing Agreements,
Imperial Resources Obtains Loan Funding for Key Salt Water Disposal Facility Development
 Texas Business reports:  AUSTIN—Imperial Resources Inc. and its wholly owned subsidiary, Imperial Oil & Gas Inc.  entered into an agreement for the development funding of its Salt Water Disposal Facility located in the heart of the Barnett Shale in Texas. Full Story »
TexasBusiness.com

GreenHunter Energy Raises $3 Million In Equity | equity, GreenHunter Energy, Gary C. Evans, West Coast Opportunity Fund,
GreenHunter Energy Raises $3 Million In Equity

Texas Business reports:  GRAPEVINE—Greenhunter Energy Inc., a diversified renewable energy company focused on water resource management, biomass power generation, wind and solar energy projects, closed a non-brokered private placement of 522,500 units of GreenHunter Energy Inc. at a price of $2.00 per unit, for aggregate gross proceeds of $1,045,000. 

 Full Story »
TexasBusiness.com

Laredo Petroleum and Broad Oak Energy to Merge In $1 Billion Deal | Laredo Petroleum, Tulsa, Oklahoma, BofA Merrill Lynch, Wells fargo, Warburg Pincus, David Braddock, Randy Foutch, John Coss, Robert Skinner, Jim Sherrill, oil, gas, natural gas, energy, exploration, Okie, Texas Business, TexasBusiness,
Laredo Petroleum and Broad Oak Energy to Merge In $1 Billion Deal

 Texas Business reports:  Oklahoma’s Laredo Petroleum, LLC ("Laredo") and Dallas-based Broad Oak Energy  Inc. entered into definitive agreements whereby Broad Oak will become a wholly-owned subsidiary of Laredo in exchange for aggregate consideration of approximately $1 billion.


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TexasBusiness.com

Sidewinder Drilling Inc. Secures Equity Commitment of up to $125 Million From Avista Capital Partners | Sidewinder Drilling, Texas Business, TexasBusiness, Avista Capital, Jon C. Cole, Steven A. Webster, Scorpion Offshore, London, oil and gas, energy,
Sidewinder Drilling Inc. Secures Equity Commitment of up to $125 Million From Avista Capital Partners
Texas Business reports:  HOUSTON—Sidewinder Drilling Inc., a Houston-based land drilling company, entered into an agreement with Avista Capital Partners, a private equity firm, to provide an equity commitment of up to $125 million.  Full Story »
TexasBusiness.com

“Alpha One” Foreign Currency Trader Convicted of Securities Fraud  | hou_txbz, Robert David Watson, Spring, Alpha One, foreign currency, securities fraud, Jose Angel Moreno, Gray H. Miller, SEC, securities and exchange commission, Fort Worth, FBI, IRS, CFTC, Commodities Futures Trading Commission, Stephen L. Corso,
“Alpha One” Foreign Currency Trader Convicted of Securities Fraud
 Texas Business reports:  Houston—Robert David Watson, 50, of Spring, Texas, the “developer and owner” of “Alpha One”, a purportedly profitable foreign currency investment model, has been convicted of securities fraud after defrauding investors of millions of dollars, United States Attorney José Angel Moreno announced today. Full Story »
TexasBusiness.com

Nation’s Largest Deathcare Business Buys 70% Interest Nation’s Largest Direct Cremation Business | SCI, Service Corporation International, deathcare, deathcare products, deathcare services, Neptune Society, cremation, preneed, Neptune Cremation Service, Trident Society, Thomas L. Ryan, Marco Markin,

Lion column from a Neptune memorial reef
Nation’s Largest Deathcare Business Buys 70% Interest Nation’s Largest Direct Cremation Business

Texas Business reports:  Houston—Service Corporation International, the largest provider of deathcare products and services in North America bought 70 percent of the outstanding shares of The Neptune Society Inc.


 Full Story »
TexasBusiness.com

Joint Venture Secures Financing for Renewable Diesel Facility | Darling International, renewable diesel, energy, Diamond Green Diesel, Diamond Green, Norco, Louisiana, Irving, Texas, Valero, San Antonio, animal fats, used cooking oil, cooking oil, grease, feed-grade fats, tallow, bone meal, poultry meal, fuel ingredient, pet food, oleo-chemnical, bio-diesel, grease trap, megawatt, Ultramar, Diamond Shamrock,
Joint Venture Secures Financing for Renewable Diesel Facility
Texas Business reports:  Irving—Darling International Inc. announced that Diamond Green Diesel LLC, its previously announced joint venture project with Valero Energy Corporation, has secured financing for the planned construction of its renewable diesel facility in Norco, Louisiana. Full Story »
TexasBusiness.com

Woodway Man Who Stole From Investment Clients Sentenced To 25 Years | wac_txbz, Limestone County, Groesbeck, Reginald Lee Clark, Clark Investment Advisors, Groesbeck High School Band Boosters Club, State Securities Board, Bennette L. Zivley, Dale Barron, Alexis Goldate,
Woodway Man Who Stole From Investment Clients Sentenced To 25 Years

Texas Business reports:  Groesbeck--A Limestone County jury sentenced Reginald Lee Clark to 25 years in state prison after convicting him of stealing more than $400,000 from clients of his investment advisory business. The 12-member jury convicted Clark on a charge of theft on May 25, according to a statement by the Texas State Securities Board.


 Full Story »
TexasBusiness.com

Justice Department Settles With Texas-based Saxon  Mortgage and Bank of American For Illegally Foreclosures On Military Servicemembers | DOJ, Saxon Mortgage, Justice Department, Texas, Texas lender, Servicemembers Civil Relief Act, SCRA, BOA, Bank of America, Countrywide,
Justice Department Settles With Texas-based Saxon Mortgage and Bank of American For Illegally Foreclosures On Military Servicemembers

Texas Business reports: The Justice Department today announced settlements with two lenders, including a Texas-based lender, under the Servicemembers Civil Relief Act (SCRA) to resolve allegations that the lenders wrongfully foreclosed upon active duty servicemembers without first obtaining court orders, in violation of the SCRA.


 Full Story »
TexasBusiness.com

Rules-Based Medicine Acquires Intellectual Property Assets of Satoris Inc. | rules-based medicine, biomarker panels, frontal temporal dementia, parkinson's disease, Craig Benson, Alzheimer's, Satoris, Myriad Genetics, Myriad RBM,
Rules-Based Medicine Acquires Intellectual Property Assets of Satoris Inc.

Texas Business reports: Austin—Rules-Based Medicine (RBM), a provider of biomarker testing services, bought the intellectual property assets from Satoris Inc. RBM itself has signed an agreement to be bought by a Utah firm.   


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TexasBusiness.com

Mansfield, Texas Man Sentenced to 10 Years in Federal Prison for Commodities Fraud  | mansfield, Ray M. White, Ed Kinkeade, James T. Jacks, Bureau of Prisons, CRW Management, Commodity Futures Trading Commission, CFTC, Securities Exchange Commission, SEC, Northern District of Texas, forex, Hurricane Motorsports, Arlington, Barack Obama, Fiancial Fraud Enforcement Task Force, FBI, U.S. Postal Inspection, Alan Buie, Stephanie Tourk, Bill Bowne, DOJ, Criminal Division, Fraud Section,
Mansfield, Texas Man Sentenced to 10 Years in Federal Prison for Commodities Fraud

 Texas Business reports:  Dallas—Ray M. White, 52, of Mansfield, Texas, who pleaded guilty in June 2010 to one count of commodities fraud, was sentenced by U.S. District Judge Ed Kinkeade to 10 years in federal prison, announced U.S. Attorney James T. Jacks of the Northern District of Texas.

 Full Story »
TexasBusiness.com

SMSA Treemont Acquisition Corp. Signs Share Exchange Agreement with Xiangrui Pharmaceutical International Limited | Argyle, SMSA Treemont Acquisition, Xiangrui Pharmaceutical, British Virgin Islands, XPI, China, corn products, food-grade, pharmaceutical-grade, Guangyin Meng,
SMSA Treemont Acquisition Corp. Signs Share Exchange Agreement with Xiangrui Pharmaceutical International Limited

Texas Business reports:  Argyle—SMSA Treemont Acquisition Corp. consummated a share exchange agreement with Xiangrui Pharmaceutical International Limited, a British Virgin Islands company (“XPI”), and the sole shareholder of XPI.


 Full Story »
TexasBusiness.com

Weekly Credit Card Rate Report | credit cards, aust_txbz, rates,
Weekly Credit Card Rate Report
Texas Business reports: Austin--Interest rates on new credit card offers jumped this week, according to the CreditCards.com Weekly Credit Card Rate Report, after Discover raised rates on a business card. Full Story »
TexasBusiness.com

Commissioner Issues Order Against Company Targeting Laid-Off And Retired Teachers  | Insignia Energy Group, IEG Permian Basin, partnership interests, oil and gas projects, current teachers, former teachers, school districts, Texas, Martin D. Lewis, J.W. Willis, Jarvis Wayne Willis, Addison,
Commissioner Issues Order Against Company Targeting Laid-Off And Retired Teachers

Texas Business reports:  Securities Commissioner Benette L. Zivley on May 13 entered an Emergency Cease and Desist Order against a North Texas company and its affiliate, alleging the fraudulent sale and marketing of oil and gas interests to teachers and other school district employees.


 Full Story »
TexasBusiness.com

A good story can trump a bad credit score in peer-to-peer lending | Rice University, Rice, bad credit score, good story, peer-to-peer, University of Deleware, Prosper.com, Scott Sonenschein, Utpal Dholakia, Jones Graduate School, Michael Herzenstein, credit history,
A good story can trump a bad credit score in peer-to-peer lending
Texas Business reports:  These days a bad credit score will get you turned away by a bank, but if you tell a good story about that score, you can improve your chances of getting a microloan from a peer-to-peer lender, according to new research from Rice University and the University of Delaware. Full Story »
TexasBusiness.com

Alabama's TriNovus to Buy Lubbock's eBank Systems | lub_txbz, ebank, TriNovus, eBank Systems, David Brasfield, Tripp Boren,
Alabama's TriNovus to Buy Lubbock's eBank Systems

Texas Business reports:  TriNovus LLC, a Birmingham, Alabama company focused on delivering relevant technology solutions to the financial marketplace, will buy eBank Systems LLC, a Lubbock, Texas-based solutions provider specializing in delivering complete turnkey core processing systems to community banks.


 Full Story »
TexasBusiness.com

InComm Takes Texas-Based Grocery Retailer Into the Prepaid Business | hou_txbz, aust_txbz, dal_ftw_txbz, Fiesta Mart, prepaid, InComm, Mark Leonard,
InComm Takes Texas-Based Grocery Retailer Into the Prepaid Business

Texas Business reports:   InComm, a provider of sales and marketing of prepaid products and  transaction processing, recently partnered with Texas-based Fiesta Mart, Inc., a Texas-based grocery store chain to go into the prepaid business.


 Full Story »
TexasBusiness.com

Federal Reserve Proposes Rule Under Regulation E to Create New Consumer Protections for Remittance Transfers					  | Federal Reserve, federal register, Regulation E, electronic fund transfers, Dodd-frank street reform,
Federal Reserve Proposes Rule Under Regulation E to Create New Consumer Protections for Remittance Transfers

Texas Business reports:  The Federal Reserve Board on Thursday requested public comment on a proposed rule that would create new protections for consumers who send remittance transfers to recipients located in a foreign country.


 Full Story »
TexasBusiness.com

Austin’s Asset Revitalization Solutions LLC Buys Florida Based Commercial Loan Portfolio | aust_txbz, ARS, Asset Revitalization Solutions, commercial real estate loans, Everbank, Clayton Reese, Cathy Vann, REO, real estate mortgage, nonperforming,
Austin’s Asset Revitalization Solutions LLC Buys Florida Based Commercial Loan Portfolio

Texas Business reports:  Asset Revitalization Solutions LLC bought $18 million in commercial real estate loans secured by Jacksonville Area properties from an undisclosed seller.


 Full Story »
TexasBusiness.com

Four Charged, Including Two Tellers, in March 2011 Robbery of International Bank of Commerce | bank robbery, heist, International Bank of Commerce, FBI, Estefany Danelia Martinez, Anna Margarita Rivera, Ricky Gonzalez,Arturo Solano, Suzanne Elmilady, Kebharu Smith, Crimestoppers,
Four Charged, Including Two Tellers, in March 2011 Robbery of International Bank of Commerce
Texas Business reports:  Two former female bank tellers and two males have been indicted for bank robbery and embezzlement of bank funds arising from the March 23, 2011 robbery of the International Bank of Commerce (IBOC) in Houston, United States Attorney José Angel Moreno announced. Full Story »
TexasBusiness.com

US Dataworks Lands Contract With Cabela's Receivables Processing Subsidiary | hou_txbz, Sugar Land, US Dataworks, Cabela's, WFB, World's Foremost Bank, accounts receivable, Computer Electronics, Computer Software, Banking & Financial Services, OTC, SmallCap,
US Dataworks Lands Contract With Cabela's Receivables Processing Subsidiary
 Texas Business reports:  Sugar Land—US Dataworks Inc., a payment-processing solutions business,  announced that World's Foremost Bank (WFB), a wholly owned subsidiary of hunting, fishing and camping outfitter Cabela's, will modernize its receivables processing on the Clearingworks Cloud-based platform from US Dataworks. Full Story »
Texas

Attempt to Hack Houston ATMs Nets North Carolina Resident a Prison Term | hou_txbz, ATM, Thor Morris, North Carolina, Jacksonville, computer hacker, Vanessa Gilmore, cyber crimes, Suzanne Elmilady, Craig Faezel,
Attempt to Hack Houston ATMs Nets North Carolina Resident a Prison Term

Texas Business reports:  A 20-year-old computer hacker from North Carolina has been sentenced to prison for planning to hack into Houston-area ATMs, United States Attorney José Angel Moreno announced.


 Full Story »
TexasBusiness.com

Austin’s Rev Worldwide Launches Brazil's First Prepaid Card for Everyday Purchases With Banco PanAmericano and MasterCard    | aust_txbz, sao paulo, Rev Worldwide, reloadable prepaid card, Banco PanAmericano, Mastercard, PanAmerican, ATM, mobile phone, text message, Brazilian Central Bank, IPEA, Eliel Teixeira de Almeida, Roy sosa, Marcelo Tangioni, CPF, BTG, BTG Pactual, CAIXA, MPOWER, multi-currency,
Austin’s Rev Worldwide Launches Brazil's First Prepaid Card for Everyday Purchases With Banco PanAmericano and MasterCard

Texas Business reports:  SAO PAULO—Austin’s Rev Worlwide launched Brazil's first reloadable prepaid card for everyday purchases with Banco PanAmericano and MasterCard in participating PanAmericano.


 Full Story »
TexasBusiness.com

Spiceworks Raises $25 Million to Bring Integrated Commerce to World’s Largest Social Network of IT Buyers | Spiceworks, SMB, IT, Tenaya Capital, Adams Street Partners, D funding, social business network, technology vendor, it professionals, Soctt Abel,
Spiceworks Raises $25 Million to Bring Integrated Commerce to World’s Largest Social Network of IT Buyers

Texas Business reports:  Spiceworks Inc. closed a $25 million financing round with new investors Adams Street Partners and Tenaya Capital and participation from existing investors.


 Full Story »
TexasBusiness.com

Tennessee Healthcare Entity Expands Texas Presence With Houston Hospital Buy | hou_txbz, healthcare, Tennessee, IASIS, IASIS Healthcare, St. Joseph, Carl Whitmer,
Tennessee Healthcare Entity Expands Texas Presence With Houston Hospital Buy

Texas Business reports: A Tennessee firm completed its buy of a controlling interest in a Houston hospital. IASIS Healthcare LLC completed the acquisition of a 79 percent ownership interest in St. Joseph Medical Center (“St. Joseph”), a 792 licensed bed facility in downtown Houston.

 Full Story »
TexasBusiness.com

Weekly Credit Card Rate Report | credit cards, creditcard.com, national average, low interest, balance transfer, business, cash back, student, airline, reward, instant approval, bad credit,
Weekly Credit Card Rate Report
Texas Business reports:  Austin--Interest rates on new credit card offers were unchanged this week, according to the CreditCards.com Weekly Credit Card Rate Report. Full Story »
TexasBusiness.com

Dell Signs Agreement to Acquire Dell Financial Services Canada Ltd. | aust_txbz, Round rock, CIT Vendor, Dell Partnership, Dell Financial Services, finance, customer finance cycle,
Dell Signs Agreement to Acquire Dell Financial Services Canada Ltd.

Texas Business reports:  Round Rock—Dell plans to buy Dell Financial Services (DFS) Canada Ltd., a CIT Vendor Finance and Dell partnership.


 Full Story »
TexasBusiness.com

Dallas’ Cotton Creek Capital Buys Fort Worth’s Graco Supply & Integrated Services | Graco Supply, Cotton Creek Capital, Jim Braden, Tim Holland, aircraft overhaul, aircraft maintenance, chemical management, supply chain, military aerospace, industrial, conglomerate,
Dallas’ Cotton Creek Capital Buys Fort Worth’s Graco Supply & Integrated Services

Texas Business reports:  Dallas—Cotton Creek Capital and its co-investors completed the acquisition of Fort Worth-based Graco Supply & Integrated Services.


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TexasBusiness.com

Texas To Invest $1.2 Million In Fort Worth Ameritrade Expansion | dal_ftw_txbz, TEF, TD Ameritrade, Texas Enterprise Fund, investment firm, technology infrastructure, Fred Tomczyk
Texas To Invest $1.2 Million In Fort Worth Ameritrade Expansion

Texas Business reports:  Texas is investing $1.2 million through the Texas Enterprise Fund (TEF) in TD Ameritrade Holding Corporation for the expansion of their Fort Worth facility.


 Full Story »
TexasBusiness.com

Weekly Credit Card Rate Report | aust_txbz, credit cards, teaser rates, national average, instant approval, cash back,
Weekly Credit Card Rate Report

Texas Business reports:  Austin-Interest rates on credit card offers rose for the first time in nearly two months, according to the CreditCards.com Weekly Credit Card Rate Report, thanks to a move by Chase.


 Full Story »
TexasBusiness.com

Federal Regulators Put Richardson-based Texans Credit Union Into Conservatorship | dal_ftw_txbz, NCUA, Texans Credit Union, conservatorship, Collin county, Dallas, County, Rockwall County, Travis County, Williamson County, Denton County,
Federal Regulators Put Richardson-based Texans Credit Union Into Conservatorship
Texas Business reports:  The National Credit Union Administration (NCUA) placed Texans Credit Union of Richardson, Texas, into conservatorship. Full Story »
TexasBusiness.com

Momentum Oil & Gas LLC Executes $100 Million Credit Agreement

Texas Business reports:  Houston—Momentum Oil & Gas LLC executed a four year, $100 million credit agreement with BNP Paribas, Union Bank, and Bank of Texas.


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TexasBusiness.com

Proposal on How Federal Reserve Intends to Apply Its Bank Holding Companies Program to Savings and Loan Holding Companies | Federal Reserve Board, Dallas Fed, SLHC, savings and loan, bank holding, Dodd-Frank, Wall street reform, rule-writing, regulation,
Proposal on How Federal Reserve Intends to Apply Its Bank Holding Companies Program to Savings and Loan Holding Companies

Texas Business reports:  The Federal Reserve Board is seeking comment on a notice that outlines how it intends to apply certain parts of its current consolidated supervisory program for bank holding companies to savings and loan holding companies (SLHCs) after assuming supervisory responsibility for the SLHCs.


 Full Story »
TexasBusiness.com

GreenHunter Energy Reports Fiscal Year 2010 Financial and Operating Results | dal_ftw_txbz, grapevine, Greenhunter Energy, water resource management, solar energy project, biomass power generation,
GreenHunter Energy Reports Fiscal Year 2010 Financial and Operating Results

 Texas Business reports:  Grapevine—Greenhunter Energy Inc., a renewable energy company focused on biomass power generation, wind and solar energy projects, and water resource management, announced financial and operating results for the fiscal year ended December 31, 2010.


 Full Story »
TexasBusiness.com

CreditCards.com: Weekly Credit Card Rate Report   | aust_txbz, credit card offer, credit card average,
CreditCards.com: Weekly Credit Card Rate Report

Texas Business reports:  Austin—Interest rates on credit card offers remained unchanged for a record fifth straight week, according to the CreditCards.com Weekly Credit Card Rate Report, and experts say that's good news for consumers.

 Full Story »
TexasBusiness.com

Arabian American Announces Audit Committee Realignment | Arabian American Development, nasdaq, beau_pta_txbz, SEC, Ghazi Sultan, Allen McKee, Mohammed Al Omair, Dick Townsend, Nick Carter,
Arabian American Announces Audit Committee Realignment

Texas Business reports:  Dallas—Arabian American Development Co., which owns and operates a petrochemical facility north of Beaumont, realigned the audit committee of the board of directors to regain compliance with the listing rules of the Nasdaq Stock Market.


 Full Story »
TexasBusiness.com

Federal Reserve Seeks Comment on Proposed Rule to Repeal Regulation Q | Regulation Q, section 627, Dodd-Frank Wall Street Reform, Consumer Protection Act, Federal Reserve Act, Federal Reserve Branch of Dallas,
Federal Reserve Seeks Comment on Proposed Rule to Repeal Regulation Q

Texas Business reports:  The Federal Reserve Board requested comment on a proposed rule to repeal the Board's Regulation Q, which prohibits the payment of interest on demand deposits by institutions that are member banks of the Federal Reserve System.


 Full Story »
TexasBusiness.com

First Financial Bank Eastland to Open New Location in Cisco  | abil_txbz, Cisco, Eastland, Movie Gallery, Thomas O'Neil, First Financial Bankshares, Rising Star, Ranger, Cisco Kid,
First Financial Bank Eastland to Open New Location in Cisco

Texas Business reports:  Eastland—First Financial Bank, Eastland plans to open a new branch bank in Cisco.


 Full Story »
TexasBusiness.com

Weekly Credit Card Rate Report | credit card, national average, low interest, cash back, balance transfer, instant approval, bad credit,
Weekly Credit Card Rate Report

Texas Business reports:  Austin—Interest rates on credit card offers remained unchanged for the fourth straight week, according to the CreditCards.com Weekly Credit Card Rate Report, but issuers are still tweaking offers.


 Full Story »
TexasBusiness.com

Retractable Technologies Inc. Reports Net Income of $2.4 Million in 2010   | dal_ftw_txbz, Little elm, Retractable Technologies, safety needle, Health and Human Services,
Retractable Technologies Inc. Reports Net Income of $2.4 Million in 2010

Texas Business reports:  Little Elm—Retractable Technologies Inc., a maker of safety needle devices, announces net income of more than $2.4 million in 2010 compared to a net loss of more than $9.4 million in 2009.


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TexasBusiness.com

VGM Insurance Contracts With 4Sight Business Intelligence | aust_txbz, VGM Insurance, 4Sight, property, casualty, insurance,
VGM Insurance Contracts With 4Sight Business Intelligence

Texas Business reports:  Austin—VGM Insurance Company chose 4Sight Business Intelligence, a provider of off-the-shelf property and casualty specific business intelligence products , for property and casualty insurance.


 Full Story »
TexasBusiness.com

Transcontinental Realty Investors Inc. Reports Fourth Quarter and Full Year 2010 Results | dal_ftw_txbz, Transcontinental Realty,
Transcontinental Realty Investors Inc. Reports Fourth Quarter and Full Year 2010 Results

Texas Business reports: Dallas--Transcontinental Realty Investors Inc., a Dallas-based real estate investment company, reported results of operations for the fourth quarter ended December 31, 2010.

The company reported net loss applicable to common shares of $68.3 million or $8.42 per diluted earnings per share, as compared to a net loss applicable to common shares of $80.7 million or $9.94 per diluted earnings per share for the same period ended 2009.


 Full Story »
TexasBusiness.com

Former Bank Officers and Homebuilder Convicted of Bank Fraud | Arsenio Alfaro, Elizabeth Aguirre, Texas National Bank, TNB, John Guzman, McAllen, Ricardo Hinojosa, Jose Angel Moreno, Greg Saikin, Jason Honeycutt, insufficient funds, negative balance, overdraft report,
Former Bank Officers and Homebuilder Convicted of Bank Fraud

Texas Business reports:  McAllen—The former president and vice president of a McAllen-area bank and an area homebuilder have been convicted of bank fraud after pleading guilty, United States Attorney José Angel Moreno announced.


 Full Story »
TexasBusiness.com

 Court’s $1.2 million judgment orders JK Harris & Company to pay restitution to Texas clients | JK Harris, JK Harris & Co., JKH Financial Recovery, Professional Fee Financing, South Carolina, IRS, taxpayer, OIC, Offer in Compromise,
Court’s $1.2 million judgment orders JK Harris & Company to pay restitution to Texas clients

Texas Business reports:  The Texas Attorney General’s office resolved the state’s enforcement action against South Carolina-based income tax consulting firm JK Harris & Company.


 Full Story »
TexasBusiness.com

Texas Instruments Agrees To Buy National Semiconductor | Texas Instruments, TI, National Semiconductor, Santa Clara, California, analog semiconductor, electronic systems,
Texas Instruments Agrees To Buy National Semiconductor

Texas Business reports: Dallas--Texas Instruments will buy California’s National Semiconductor in a $6.5 billion  transaction.


 Full Story »
TexasBusiness.com

Assured Pharmacy Reports Same Store Sales for the Month of January 2011 | Assured Pharmacy, Frisco, chronic pain, specialty pharmacy, Robert DelVecchio,
Assured Pharmacy Reports Same Store Sales for the Month of January 2011

Texas Business reports:  Frisco—Assured Pharmacy, a specialty pharmacy group that provides prescription medications to more than 3,000 sufferers of chronic pain, announced total sales on a same store basis for the month of January  2011 were $1,430,278 which equates to $68,108 per business day. 


 Full Story »
TexasBusiness.com

Universal Power Group Reports Improved 2010 Earnings | dal_ftw_txbz, carrolton, UPG, Universal Power Group, Ian Edmonds,
Universal Power Group Reports Improved 2010 Earnings
Texas Business reports:  Carrolton—Universal Power Group Inc., a Texas-based distributor and supplier of batteries and related power accessories and a third-party logistics provider,  announced improved earnings for the fourth quarter and full year ended Dec. 31, 2010. Full Story »
TexasBusiness.com

Credit Union Members Make Check Deposits With Scanner And Computer

Credit union customers deposit checks with scanner, computer.
Credit Union Members Make Check Deposits With Scanner And Computer

Texas Business reports:  Fort Worth:  A federal credit union added a service that allows its customers to deposit checks with a computer and scanner.


 Full Story »
TexasBusiness.com

Fort Worth Holding Company Buys Austin Insurance Firm | dal_ftw_txbz, aust_txbz, Hallmark Financial Services, TBIC, insurance holding company, risk management,
Fort Worth Holding Company Buys Austin Insurance Firm
Texas Business reports:  Fort Worth—A Fort Worth insurance holding company bought an Austin based insurance firm. Full Story »
TexasBusiness.com

FelCor Announces Public Offering of Common Stock To Finance An Acquisition | dal_ftw_txbz, felcor, Felcor lodging Trust, public offering, Bofa, Merrill Lynch, J.P. Morgan,
FelCor Announces Public Offering of Common Stock To Finance An Acquisition
Texas Business reports:  Irving—FelCor Lodging Trust Incorporated  announced that it plans to make a public offering of 24 million shares of its common stock. Full Story »
TexasBusiness.com

Exterran Holdings Inc. Closes Over-Allotment Sale of Common Units | Exterran, natural gas compression, oil production, gas production,
Exterran Holdings Inc. Closes Over-Allotment Sale of Common Units

Texas Business reports:  Exterran Holdings Inc. and Exterran Partners L.P. announced that the underwriters of the previously announced secondary offering by Exterran Holdings of 5,250,000 common units representing limited partner interests in Exterran Partners at $28.65 per common unit, which closed on March 4, 2011, partially exercised their over-allotment option and purchased an additional 664,466 common units.


 Full Story »
TexasBusiness.com

Federal Reserve Expands Consumer Protection Regulations for Credit Transactions and Leases of Higher Dollar Amounts | Federal Reserve, consumer protection, credit transaction, Regulation Z, Truth in Lending, Regulation M, Consumer Leasing, Dodd-Frank Wall Street Reform, Consumer Protection Act, TILA, CLA,
Federal Reserve Expands Consumer Protection Regulations for Credit Transactions and Leases of Higher Dollar Amounts

Texas  Business reports:  The Federal Reserve Board on Friday adopted two rules that would expand the coverage of consumer protection regulations to credit transactions and leases of higher dollar amounts.

 Full Story »
TexasBusiness.com

Credit card interest rates unchanged for second straight week | credit cards, APR, CreditCards, Lauren Guenveur, low interest, cash back, balance transfer, Texas,
Credit card interest rates unchanged for second straight week

Texas Business reports:  The average annual percentage rate (APR) on new credit card offers remained unchanged at 14.65 percent for the second straight week, according to CreditCards.com's Weekly Rate Report.


 Full Story »
TexasBusiness.com

Midland’s Dawson Geophysical and Plano’s TGC Industries To Merge In $157 Million Transaction | Dawson Geophysical, TGC Industries, seismic, seismic data acquisition, multicomponent seismic, 2D seismic, 3D seismic, oil, gas, petroleum, ground vibration,
Midland’s Dawson Geophysical and Plano’s TGC Industries To Merge In $157 Million Transaction

Texas Business reports:  Midland—Dawson Geophysical Company and TGC Industries Inc.  entered into a merger agreement dated March 20, 2011 whereby Dawson will acquire TGC in a tax-free stock-for-stock transaction.  

 Full Story »
TexasBusiness.com

AirTran Shareholders Approve Southwest Airlines' Acquisition of AirTran | Airtran, Southwest Airlines, Newark, New Jersey, Love Field,

outhwest Airlines Buys Airtran
AirTran Shareholders Approve Southwest Airlines' Acquisition of AirTran

Texas Business reports:  Shareholders of AirTran Holdings Inc., the parent company of AirTran Airways (AirTran), approved the proposed acquisition of AirTran by Southwest Airlines.


 Full Story »
TexasBusiness.com

Rent-A-Center Inc. Announces Cash Dividend for the Second Quarter of 2011 | dal_ftw_txbz, Rent-A-Center, Plano, ColorTyme,
Rent-A-Center Inc. Announces Cash Dividend for the Second Quarter of 2011

Texas Business reports:  Rent-A-Center Inc.,  the nation’s largest rent-to-own operator,  announced that its board of directors has declared a $0.06 per share cash dividend for the second quarter of 2011 to be paid to the company’s common stockholders.


 Full Story »
TexasBusiness.com

Austin’s EZcorp To Buy Controlling Interest In Cash Converters | aust_txbz, EZcorp, Cash Converter, Australia, controlling interest, strategic alliance, pawnshop, pawn,
Austin’s EZcorp To Buy Controlling Interest In Cash Converters

Texas Business reports:  An Austin firm entered an agreement to buy a controlling interest in Australia’s Cash Converters.


 Full Story »
TexasBusiness.com

Permian Basin Royalty Trust Announces March Cash Distribution | dal_ftw_txbz, Permian Basin Royalty Trust, Waddell Ranch, Texas Royalty Properties,
Permian Basin Royalty Trust Announces March Cash Distribution

Texas Business reports: Permian Basin Royalty Trust declared a cash distribution to the holders of its units of beneficial interest of $.135350 per unit, payable on April 14, 2011, to unit holders of record on March 31, 2011. 


 Full Story »
TexasBusiness.com

Fitch Rates Baylor University General Rev Bonds 'AA-'; Outlook Stable | wac_txbz, fitch, baylor University, financing, bonds, fitch ratings,
Fitch Rates Baylor University General Rev Bonds 'AA-'; Outlook Stable
Texas Business reports:  Fitch Ratings assigned an underlying 'AA-' rating to approximately $120 million Clifton Higher Education Finance Corporation revenue bonds, Baylor University Issue, series 2011 issued on behalf of Baylor University. Full Story »
TexasBusiness.com

Lubbock Car Wash Sells for $1.7 Million  | lub_txbz, Mace Security, car wash, Dennis R. Raefield, Dennis Raelfield, Merlin Partners,
Lubbock Car Wash Sells for $1.7 Million

Texas Business reports:  Pennsylvania’s Mace Security International Inc. sold another non-security asset, a full-service car wash facility and convenience store located in Lubbock.


 Full Story »
TexasBusiness.com

Commercial Metals Company Declares Quarterly Cash Dividend | dal_ftw_txbz, Commercial Metals, quarterly dividend, irving,
Commercial Metals Company Declares Quarterly Cash Dividend

Texas Business reports:  The board of directors of Commercial Metals Company declared a quarterly cash dividend of twelve cents per share on common stock to stockholders of record on April 1, 2011.  

 Full Story »
TexasBusiness.com

PYDS Projects First Quarter Transaction Growth | sanant_txbz, pyds, ficentive,
PYDS Projects First Quarter Transaction Growth

Texas Business reports: San Antonio—Payment Data Systems Inc., an integrated electronic payments solutions provider, announced the payment processing projections for the first quarter of 2011 and provides an update on the selection of a new sponsoring bank for its card issuing division, FiCentive.


 Full Story »
TexasBusiness.com

Fitch Affirms Kirby's IDR at BBB, Outlook Stable | Fitch, Kirby Corporation, hou_txbz, K-Sea, KEX, BBB, rating outlook,
Fitch Affirms Kirby's IDR at BBB, Outlook Stable
Texas Business reports:  Fitch Ratings has affirmed the ratings of Kirby Corporation following its announcement that KEX will acquire K-Sea Transportation Partners. Full Story »
TexasBusiness.com

Romero To Leave SEC Fort Worth Office | SEC, dal_ftw_txbz, Rose Romero, acxiom, foreign corrupt practices, wilbros group, perot systems, TXU, Home Solutions,
Romero To Leave SEC Fort Worth Office
 Texas Business reports:  The Securities and Exchange Commission today announced that Rose Romero, Director of the SEC’s Fort Worth Regional Office, will leave the agency in mid-April after 21 years of government service as a federal prosecutor and securities regulator. Full Story »
TexasBusiness.com

TI updates first-quarter 2011 business outlook | Texas instruments, quarterly report, narrowed earnings, eps,
TI updates first-quarter 2011 business outlook

Texas Business reports:  In a scheduled update to its business outlook for the first quarter of 2011, Texas Instruments Incorporated narrowed its expected ranges for revenue and earnings per share (EPS).


 Full Story »
TexasBusiness.com

Oasis Petroleum Inc. Announces Quarter and Year Ending December 31, 2010 Earnings and Year-over-Year Production Growth of 167% | hou_txbz, Oasis petroleum, Thomas B. Nusz,
Oasis Petroleum Inc. Announces Quarter and Year Ending December 31, 2010 Earnings and Year-over-Year Production Growth of 167%
Texas Business reports:  Houston's Oasis Petroleum Inc. announced financial and operational results for the quarter and year ended December 31, 2010 Full Story »
TexasBusiness.com

FINRA Fines Southwest Securities $500,000 for Paying Former Texas Municipal Issuer Officials and Others to Solicit Municipal Securities Business on it | FINRA, Southwest Securities, MSRB, fines, paid consultants, municipal securities, municipal issuer,
FINRA Fines Southwest Securities $500,000 for Paying Former Texas Municipal Issuer Officials and Others to Solicit Municipal Securities Business on it

Texas Business reports:  The Financial Industry Regulatory Authority (FINRA) announced today that it has fined Southwest Securities, Inc. of Dallas $500,000 for using paid consultants to solicit municipal securities business and for violations of other Municipal Securities Rulemaking Board (MSRB) rules.

 Full Story »
TexasBusiness.com

Federal Reserve Proposes Amendments Regarding Collection of Checks and Availability of Funds | federal reserve, federal reserve bank of dallas, availability of funds, collection of checks,
Federal Reserve Proposes Amendments Regarding Collection of Checks and Availability of Funds

Texas Business reports:  The Federal Reserve Board on Thursday requested public comment on proposed amendments to Regulation CC (Availability of Funds and Collection of Checks) to encourage banks to clear and return checks electronically, add provisions that govern electronic items cleared through the check-collection system, and shorten the "exception" hold periods on deposited funds.


 Full Story »
TexasBusiness.com

American Airlines Offers Senior Secured Notes   | American Airlines, senior secured notes, AMR, financing, institutional buyer, 144A, SEC, dal_ftw_txbz,
American Airlines Offers Senior Secured Notes

Texas Business reports:  Fort Worth—American Airlines Inc., the principal operating subsidiary of AMR Corporation announced the private offering of $1,000,000,000 aggregate principal amount of its senior secured notes.  


 Full Story »
TexasBusiness.com

BancInsure Announces Upcoming Rate Adjustments in Texas | bancinsure, TBA, Texas Bankers Association, bank insurance, rate increase,
BancInsure Announces Upcoming Rate Adjustments in Texas

Texas Business reports:  Oklahoma-based BancInsure announced that Texas bankers would see rate adjustments.


 Full Story »
TexasBusiness.com

Federal Reserve Seeks Comment on Proposed Rules on Risk-Based Pricing Notices and Adverse Action Notices 	 | federal reserve, Consumer protection act, Dodd-Frank, FTC, fair credit, disclosure requirement,
Federal Reserve Seeks Comment on Proposed Rules on Risk-Based Pricing Notices and Adverse Action Notices

Texas Business reports:  The Federal Reserve Board and the Federal Trade Commission (FTC) proposed regulations regarding the credit score disclosure requirements of the Dodd-Frank Wall Street Reform and Consumer Protection Act.

 Full Story »
TexasBusiness.com

LINN Energy Announces Pricing of Its Public Offering of 16,000,000 Units | hou_txbz, Linn energy, public offering, underwriting discount, citi, Barclays, RBC capital, UBS investment bank, Bofa, Credit Suisse, Raymond James, Wells Fargo,
LINN Energy Announces Pricing of Its Public Offering of 16,000,000 Units

Texas Business reports:  Houston’s LINN Energy, LLC  announced the pricing of its public offering of 16,000,000 units of its limited liability company interests at a price to the public of $38.80 per unit.


 Full Story »
TexasBusiness.com

Allstate Plans To Open 140 Agencies Across Texas In 2011 | abil_txbz, amar_txbz. aust_txbz, beau_pta_txbz, brn_har_txbz, colsta_bry_txbz, corp_chr_txbz,  dal_ftw_txbz, elp_txbz, hou_txbz, kil_tem_fth_txbz, lar_txbz, lngv_txbz, lub_txbz, mca_edi_miss_txbz, mid_txbz, odes_txbz, sanang_txbz, sanant_txbz, shrm_den_txbz,  txrkn_txbz, tyl_txbz, vic_txbz, wac_txbz, wicfal_txbz, Allstate, agency,
Allstate Plans To Open 140 Agencies Across Texas In 2011

Texas Business reports:  Allstate Insurance Company plants to open a miminum of 140 agencies in Texas this year. 


 Full Story »
TexasBusiness.com

Susser Holdings Reports Fourth Quarter and Full Year 2010 Results | corp_chr_txbz, Stripes, Susser Holdings, Susser Petroleum, Town & Country,
Susser Holdings Reports Fourth Quarter and Full Year 2010 Results

Texas Business reports:  Corpus Christi’s Susser Holdings Corporation   reported that same-store merchandise sales for the fourth quarter of 2010 increased by 7.3 percent, compared with growth of 3.4 percent in the third quarter and a decline of 1.2 percent in the fourth quarter of 2009. 


 Full Story »
TexasBusiness.com

Final Rule and Request for Comment on Proposed Revisions to Escrow Account Requirements for Home Mortgage Loans 						  | abil_txbz, amar_txbz. aust_txbz, beau_pta_txbz, brn_har_txbz, colsta_bry_txbz, corp_chr_txbz,  dal_ftw_txbz, elp_txbz, hou_txbz, kil_tem_fth_txbz, lar_txbz, lngv_txbz, lub_txbz, mca_edi_miss_txbz, mid_txbz, odes_txbz, sanang_txbz, sanant_txbz, shrm_den_txbz,  txrkn_txbz, tyl_txbz, vic_txbz, wac_txbz, wicfal_txbz, Federal Reserve, Dodd-Frank, home mortgage, regulation Z,
Final Rule and Request for Comment on Proposed Revisions to Escrow Account Requirements for Home Mortgage Loans

Texas Business reports:  The Federal Reserve Board this week issued a final rule and requested public comment on a second rule under Regulation Z to revise the escrow account requirements for certain home mortgage loans.


 Full Story »
TexasBusiness.com

Houston's Endeavour Announces Increase in Proved and Probable Reserves in 2010 | hou_txbz, Endeavour International, proven reserves, probable reserves, Cygnus North, North Sea, West Rochelle, Bacchus, Texas Haynesville,
Houston's Endeavour Announces Increase in Proved and Probable Reserves in 2010

Texas Business reports:  Houston’s Endeavour International Corporation announced an increase in proved and probable reserves as of December 31, 2010 resulting in a 419 percent reserve replacement rate of 2010 production, based on 2P reserves.


 Full Story »
TexasBusiness.com

Petrohawk Energy Corporation Announces Fourth Quarter and Full Year 2010 Financial Results | hou_txbz, Petrohawk, Haynesville, Bossier, Eagle Ford Shale, Schlumberger, Hiway Frac,
Petrohawk Energy Corporation Announces Fourth Quarter and Full Year 2010 Financial Results

Texas Business reports:  Houston—Petrohawk Energy Corporation   announced its fourth quarter and full year 2010 financial results and provided guidance on its production and unit cost outlook for 2011.


 Full Story »
TexasBusiness.com

Westlake Chemical Declares Quarterly Dividend of 6.35 Cents per Share | hou_txbz, westlake chemical, quartlery dividend, ethylene, styrene, propylene, VCM, PVC, polyethylene,
Westlake Chemical Declares Quarterly Dividend of 6.35 Cents per Share

Texas Business reports:  Houston—The board of directors of Westlake Chemical Corporation  declared on Friday a dividend of 6.35 cents per share, payable on March 25, 2011, to stockholders of record on March 11, 2011.

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TexasBusiness.com

Imperial Sugar Company Declares $0.02 Per Share Regular Quarterly Cash Dividend Payable March 10, 2011 | Imperial Sugar, Sugar Land, hou_txbz, Dixie Crystals, Holly barnd, retail grocer,
Imperial Sugar Company Declares $0.02 Per Share Regular Quarterly Cash Dividend Payable March 10, 2011

Texas Business reports:  Sugar Land—Imperial Sugar Company announced that its board of directors declared a regular quarterly cash dividend of $0.02 per share payable on March 10, 2011 to shareholders of record on March 1, 2011.

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TexasBusiness.com

Southside Bancshares Inc. Declares Cash Dividend | tyl__txbz, dal_ftw_txbz, aust_txbz, southside bancshares,
Southside Bancshares Inc. Declares Cash Dividend

Texas Business reports:  The board of directors of Southside Bancshares Inc., parent company of Southside Bank declared a regular quarterly cash dividend of $0.17 per common share. 


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TexasBusiness.com

Nevada’s KeyOn Enters Into Agreement to Acquire Texas Wireless Broadband Assets and Subscribers   | keyOn, tyl_txbz, lngv_txbz, internet, wireless broadband, East Central Texas, East Texas, Central Texas,
Nevada’s KeyOn Enters Into Agreement to Acquire Texas Wireless Broadband Assets and Subscribers

Texas Business reports:  KeyOn Communications Holdings Inc., one of the largest providers of wireless broadband, satellite video and voice over Internet protocol (VoIP) services in the United States, entered into a definitive asset purchase agreement with ERF Wireless, Inc.  to acquire certain wireless broadband networks and subscribers in East Central Texas.


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TexasBusiness.com

Allied and Austin's Combined Agents of America Hook Up to Form Partnership | aust_txbz, CAA, Combined Agents, Allied Insurance, managing general agency, independent insurance,
Allied and Austin's Combined Agents of America Hook Up to Form Partnership

Texas Business reports: Austin’s Combined Agents of America LLC partnered with two new companies, Allied Insurance and Allied General Agency Company.


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TexasBusiness.com

Fitch Affirms Granbury AA Rating | Granbury, Fitch Ratings, AA,
Fitch Affirms Granbury AA Rating

Texas Business reports:  Fitch Ratings has affirmed its 'AA' rating on the following Granbury bonds as part of its surveillance efforts:


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TexasBusiness.com

Swank Capital Announces Cushing MLP Asset Management  | dal_ftw_txbz, Cushing MLP, Swank Capital, Jerry Swank,
Swank Capital Announces Cushing MLP Asset Management

Texas Business reports:  Swank Capital LLC changed the name of its investment advisor subsidiary to Cushing MLP Asset Management LP.


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TexasBusiness.com

Diversified Recovery of Texas Closes Recapitalization, Prepares for Market Expansion | aust_txbz, repossession, repo man, default,
Diversified Recovery of Texas Closes Recapitalization, Prepares for Market Expansion
Texas Business reports:  Hale Holdings Group LLC, an Austin-based private equity group, completed an investment in Diversified Recovery of Texas, Inc., a business-to-business services company that provides collateral recovery services.
 Full Story »
TexasBusiness.com

Connecticut Company Buys Austin’s STA Consulting | aust_txbz, information services group, ISG, STA Consulting, strategic planning, technology advisor,
Connecticut Company Buys Austin’s STA Consulting

Texas Business reports:  Information Services Group Inc., a Connecticut information-based services company, acquired Austin’s STA Consulting (Salvaggio, Teal & Associates) an independent information technology advisor serving the public sector.


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Alpheus Acquires Fiber Rings from FiberLight | hou_txbz, alpheus, fiber ring, fiberlight,
Alpheus Acquires Fiber Rings from FiberLight

Texas Business reports:  Houston’s Alpheus Communications, the largest competitive fiber network operator in Texas, announced acquired new fiber rings in east Dallas County and downtown Fort Worth from FiberLight.


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TexasBusiness.com

Torchmark Corporation Announces Fourth Quarter 2010 Earnings Release and Conference Call | dal_ftw_txbz, wac_txbz, American Income Life, Liberty National Life, Torchmark,
Torchmark Corporation Announces Fourth Quarter 2010 Earnings Release and Conference Call

Texas Business reports:  McKinney’s Torchmark Corporation, which owns American Income Life Insurance Company of Waco and Liberty National Life Insurance Company of McKinney, will release fourth quarter 2010 earnings after the market closes on Wednesday.


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TexasBusiness.com

Huntsman Announces First Quarter 2011 Common Dividend  | hou_txbz, huntsman corp, Waterway Marriott,
Huntsman Announces First Quarter 2011 Common Dividend

Texas Business reports: Huntsman Corporation announced that the company's board of directors has declared a $0.10 per share cash dividend on its common stock.


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TexasBusiness.com

Austin's Convio Buys Kansas Firm for $5 Million Plus Sales Target Bonus | Convio, StrategicOne, marketing, fundraising,
Austin's Convio Buys Kansas Firm for $5 Million Plus Sales Target Bonus
Texas Business reports: Austin’s Convio Inc. bought StrategicOne of Kansas, a provider of analytics, predictive modeling and database marketing services. Full Story »
TexasBusiness.com

Intrusion Inc. Announces Financial Release Date and Conference Call | Instrusion, Richardson, identification system, data privacy, financial result, regulated information,
Intrusion Inc. Announces Financial Release Date and Conference Call

Texas Business reports: Richardson’s Intrusion Inc. will announce fourth quarter 2010 financial results on Wednesday.   


 Full Story »
TexasBusiness.com

Integrated Security Systems Inc. Completes Sale of B&B ARMR | dal_ftw_txbz, Integrated Security Systems, Strait Lane,
Integrated Security Systems Inc. Completes Sale of B&B ARMR
Texas Business reports:  Integrated Security Systems Inc. completed the sale of substantially all of the assets of B&B ARMR, a wholly owned subsidiary of the company, and the company’s only operating unit. Full Story »
TexasBusiness.com

Fitch Affirms McAllen $38 Million International Toll Bridge System Revenue Bonds at 'A'  | mca_edi_miss_txbz, fitch, Hidalgo-McAllen Bridge, toll road,
Fitch Affirms McAllen $38 Million International Toll Bridge System Revenue Bonds at 'A'

Texas Business reports:  Fitch Ratings affirmed its 'A' rating on the City of McAllen’s approximately $38 million in outstanding International Toll Bridge System (the system) revenue bonds, series 2007A and 2007B.


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TexasBusiness.com

Amarillo National Bank Selects VINtek’s ELT Services | amar_txbz, ELT, electronic lien, electronic title, DMV, Vintek,
Amarillo National Bank Selects VINtek’s ELT Services

Texas Business reports: VINtek, a provider of automotive collateral management, electronic lien and title (ELT) and direct auto finance solutions, contracted to provide ELT services to Amarillo National Bank.


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TexasBusiness.com

Swiss Firm To Buy Remaining Interest in Texas Materials Company | Lattimore Materials, Holcim, concrete plante, rail terminal, mixer truck, Hart-Scott,
Swiss Firm To Buy Remaining Interest in Texas Materials Company

 Texas Business reports:  A Swiss firm bought out  the rest of a Texas materials firm.


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TexasBusiness.com

Southwest Airlines Declares 138th Consecutive Quarterly Dividend | dal_ftw_txbz, southwest airlines, quarterly dividend,
Southwest Airlines Declares 138th Consecutive Quarterly Dividend

Texas Business reports.  The Southwest Airlines board of directors declared a quarterly dividend of $.0045 per share to shareholders of record at the close of business on March 3, 2011 on all shares then issued and outstanding.

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TexasBusiness.com

Arlington’s Petmate Bought By Chicago Firm  | dal_ftw_txbz, Arlington, Westar Capital, Doskocil, Wind Point, pet supply, leveraged buy-out,
Arlington’s Petmate Bought By Chicago Firm

Texas Business reports:  An Arlington pet supply firm was sold to a Chicago equity firm.


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TexasBusiness.com

Patterson-UTI Energy, Inc. Announces Earnings Conference Call and Webcast | hou_txbz, odes_txbz, mid_txbz, lub_txbz, abil_txbz, Patterson-uti, fourth quarter,
Patterson-UTI Energy, Inc. Announces Earnings Conference Call and Webcast
Texas Business reports: Patterson-UTI Energy Inc. will hold its conference call to discuss fourth quarter results on Thursday.

 

 Full Story »
TexasBusiness.com

Dr Pepper Snapple Group to Webcast Conference Call and Slide Presentation on Fourth Quarter and Full Year 2010 Earnings | dal_ftw_txbz, Dr Pepper, Snapple, DPS, Larry Young, quarterly report, 7Up, A&W, Mott's, Hawaiian Punch,
Dr Pepper Snapple Group to Webcast Conference Call and Slide Presentation on Fourth Quarter and Full Year 2010 Earnings

Texas Business reports:  Plano’s Dr Pepper Snapple GroupInc., will issue its fourth quarter and full year 2010 financial results on Thursday, February 17, before the market opens. 


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TexasBusiness.com

Holly Energy Partners Declares Distribution | dal_ftw_txbz, cash distribution, petroleum product, crude oil,
Holly Energy Partners Declares Distribution

Texas Business reports:  Holly Energy Partners L.P. today announced declaration of its cash distribution, for the fourth quarter of 2010, of $0.845 per unit.


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TexasBusiness.com

TETRA Technologies, Inc. Announces 2011 Earnings Guidance and Preliminary Fourth Quarter 2010 Results Press Release and Conference Call Scheduleh
Texas Business reports:  THE WOODLANDS—TETRA Technologies, Inc. (TETRA or the Company) expects to release 2011 earnings guidance and a preliminary estimate of fourth quarter 2010 results on Friday, February 11, 2011, and will host a conference call at 10:30 a.m. Eastern Time that day to discuss the earnings guidance and the preliminary estimated results. Full Story »
TexasBusiness.com

CSG Partners Closes ESOP Buyout for Houston Burnett Staffing   | esop, CSG, Burnett staffing, Sue Burnett, George Thacker, staffing, investment bank,
CSG Partners Closes ESOP Buyout for Houston Burnett Staffing

Texas Business reports:  A New York-based bank closed out an buyout by employees of a Houston staffing firm.


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TexasBusiness.com

Houston Oil Company Secures $50 Million Equity Commitment | XOG, Kayne Anderson, Common Resources, Force 5, hou_txbz, oil industry, natural gas,
Houston Oil Company Secures $50 Million Equity Commitment

 

Texas Business reports:  XOG LLC, an independent oil and natural gas company headquartered in Houston received a $50 million equity commitment from Kayne Anderson Energy Funds and management.


 

 Full Story »
TexasBusiness.com

Green Star Energies Completes Reverse Takeover With North Texas Energy | Green Star, North Texas Energy, dal_ftw_txbz,
Green Star Energies Completes Reverse Takeover With North Texas Energy
Texas Business reports:  Green Star Energies Completes Reverse Takeover With North Texas Energy Full Story »
TexasBusiness.com

USAA Selects Addison for North Texas Expansion, To Employ 200 | USAA, business expansion, Rexel, dal_ftw_txbz,
USAA Selects Addison for North Texas Expansion, To Employ 200

Texas Business reports  USAA, a financial services provider,selected Addison as the location for its new Financial Advice Contact Center, which is expected to employ up to 200 people by the end of next year.

 

 Full Story »
Texas Business

Reserve Bank Income and Expense Data and Transfers to the Treasury for 2010 | abil_txbz, amar_txbz. aust_txbz, beau_pta_txbz, brn_har_txbz, colsta_bry_txbz, corp_chr_txbz,  dal_ftw_txbz, elp_txbz, hou_txbz, kil_tem_fth_txbz, lar_txbz, lngv_txbz, lub_txbz, mca_edi_miss_txbz, mid_txbz, odes_txbz, sanang_txbz, sanant_txbz, shrm_den_txbz,  txrkn_txbz, tyl_txbz, vic_txbz, wac_txbz, wicfal_txbz, Federal Reserve, U.S. Treasury,
Reserve Bank Income and Expense Data and Transfers to the Treasury for 2010
Texas Business reports:  The Federal Reserve Board on Monday announced preliminary unaudited results indicating that the Reserve Banks provided for payments of approximately $78.4 billion of their estimated 2010 net income of $80.9 billion to the U.S. Treasury. Full Story »
TexasBusiness.com

TOR Minerals Enters Into New $3 Million U.S. Credit Agreement | corp_chr_txbz, Tor Minerals, American Bank,titanium dioxide, color pigments, specialty aluminas, mineral fillers,
TOR Minerals Enters Into New $3 Million U.S. Credit Agreement

Texas Business reports:  Corpus Christi-based TOR Minerals International Inc.  entered into a new U.S. credit agreement with American Bank, N.A.  

 

 Full Story »
TexasBusiness.com

Doral Energy Corp. Closes Business Merger; Changes Name to Cross Border Resources | Doral Energy, Cross Border Resources, DRLYD, sanant_txbz, mid_txbz, odes_txbz,
Doral Energy Corp. Closes Business Merger; Changes Name to Cross Border Resources

Texas Business reports:  Doral Energy Corp. and Pure Energy Group completed a merger, forming Cross Border Resources Inc. of San Antonio.


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TexasBusiness.com

Texas Gulf Bank Opens Friendswood Branch  | hou_txbz, Texas Gulf Bank,
Texas Gulf Bank Opens Friendswood Branch

Texas Business reports:  Texas Gulf Bank opened new location in Friendswood.


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Texas Business

Solar start-up raises $6.1 million
Texas Business notes this story by  Kirk Ladendorf of the Austin American-Statesman:  Austin startup Solar Power Technologies Inc. has raised $6.1 million through the sale of stock to investors including Austin Ventures, according to a filing Monday with the Securities and Exchange Commission. Full Story »

Mace Security International Sells Texas Car Wash | Mace Security, car wash, Arlington, dal_ftw_txbz,
Mace Security International Sells Texas Car Wash
Texas Business reports:  A Pennsylvania-based security firm continued its exit from the car service business by selling off an Arlington, Texas car wash, the company announced in a prepared statement. Full Story »
TexasBusiness.com

Apartment, retail development underway at Greenville Avenue and SMU Boulevard
Texas Business notes this story by Steve Brown of the Dallas Morning News:  Developers have broken ground on a mixed-use project just east ofSouthern Methodist University on the former site of the Shamburger Building Center, which closed in 2005. Full Story »

 Federal Reserve Issues Interim Rule Amending Regulation Z to Clarify Certain Disclosure Requirements of the Mortgage Disclosure Improvement Act | Federal Reserve, Truth In Lending, TILA, abil_txbz, amar_txbz. aust_txbz, beau_pta_txbz, brn_har_txbz, colsta_bry_txbz, corp_chr_txbz,  dal_ftw_txbz, elp_txbz, hou_txbz, kil_tem_fth_txbz, lar_txbz, lngv_txbz, lub_txbz, mca_edi_miss_txbz, mid_txbz, odes_txbz, sanang_txbz, sanant_txbz, shrm_den_txbz,  txrkn_txbz, tyl_txbz, vic_txbz, wac_txbz, wicfal_txbz,
Federal Reserve Issues Interim Rule Amending Regulation Z to Clarify Certain Disclosure Requirements of the Mortgage Disclosure Improvement Act

Texas Business reports:  The Federal Reserve Board on Wednesday approved an interim rule amending Regulation Z, which implements the Truth in Lending Act (TILA).

 Full Story »
TexasBusiness.com

Federal Reserve Proposed Expanded Coverage of Consumer Protection Regulations | abil_txbz, amar_txbz. aust_txbz, beau_pta_txbz, brn_har_txbz, colsta_bry_txbz, corp_chr_txbz,  dal_ftw_txbz, elp_txbz, hou_txbz, kil_tem_fth_txbz, lar_txbz, lngv_txbz, lub_txbz, mca_edi_miss_txbz, mid_txbz, odes_txbz, sanang_txbz, sanant_txbz, shrm_den_txbz,  txrkn_txbz, tyl_txbz, vic_txbz, wac_txbz, wicfal_txbz
Federal Reserve Proposed Expanded Coverage of Consumer Protection Regulations

Texas Business reports:  The Federal Reserve Board proposed two rules that would expand the coverage of consumer protection regulations to credit transactions and leases of higher dollar amounts.


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TexasBusiness.com

Arizona’s Montage Partners acquires Clowe & Cowan of El Paso	 | elp_txbz, Clowe & Cowan, Montage Partners, McGladrey Capital Markets,
Arizona’s Montage Partners acquires Clowe & Cowan of El Paso

Texas Business reports:  An Arizona firm bought Clowe & Cowan of El Paso Inc., a wholesale distributor of waterworks supplies. 

 Full Story »
TexasBusiness.com

Dallas’ Tenet Healthcare Rejects $7.3 Billion Buyout | dal_ftw_txbz, Tenet Healthcare, Community Health, buoyout,
Dallas’ Tenet Healthcare Rejects $7.3 Billion Buyout

Texas Business reports:  Dallas-based Tenet Healthcare Corporation  rejected a $7.3 billion buyout offer from Tennessee-based Community Health Systems Inc. 

 Full Story »
Texas Business

Waco's Dwyer  Group,to be Acquired by New York's TZP Capital Partners I | Dwyer Group, TPZ, Aire Serv, Glass Doctor, The Grounds Guys, Mr. Appliance, Mr. Electric, Mr. Rooter, Drain Doctor, Rainbow International, Portland Glass, wac_txbz,
Waco's Dwyer Group,to be Acquired by New York's TZP Capital Partners I

Texas Business reports:  The Dwyer Group Inc. of Waco,  one of the world’s largest franchising companies of trades service brands,  will be acquired by an investor group led by New York’s TZP Capital Partners I, LP private equity fund. 

 Full Story »
TexasBusiness.com

Texas Rare Earth Resources New Trading Symbol is TRER | corp_chr_txbz, tyl_txbz, elp_txbz, Texas Rare Earth, FINRA, Round Top Mountain, uranium, beryllium, FINRA, TRER,
Texas Rare Earth Resources New Trading Symbol is TRER

Texas Business reports:  Texas Rare Earth Resources Corporation changed its trading symbol from SDSR to TRER. 

 Full Story »
Texas Business

Austin's Multimedia Games Authorizes $15 Million Share Repurchase Program | aust_txbz, Multimedia Games,
Austin's Multimedia Games Authorizes $15 Million Share Repurchase Program

Texas Business reports:  Multimedia Games Inc. authorized the repurchase of up to $15 million of the Company’s common stock over the next three years.

 Full Story »
Texas Business

Irving’s Darling International Inc. Prices $250 Million of 8.50 Percent Senior Notes  | dal_ftw_txbz, Griffin Industries, Darling Internation, Notes Offering,
Irving’s Darling International Inc. Prices $250 Million of 8.50 Percent Senior Notes
Texas Business reports:  Irving’s Darling International Inc., a provider of rendering, recycling and recovery services to the nation's food industry, priced its private offering  of $250 million in aggregate principal amount of its 8.50 percent senior notes due 2018.  Full Story »
TexasBusiness.com

Conn's Completes Refinancing Plan | beau_pta_txbz, aust_txbz, dal_ftw_txbz, hou_txbz, Conn's, refinance, LIBOR, sanant_txbz, corp_txbz,
Conn's Completes Refinancing Plan

Texas Business reports:  The Beaumont-based Conn's Inc, a specialty retailer of consumer electronics, home appliances, furniture, mattresses, computers and lawn and garden products completed its refinancing plan. 

 Full Story »
TexasBusiness.com

Los Angeles’ Firm Buys Houston’s Revenew International | hou_txbz, Revenew, LLCP, Levine Leichtman,
Los Angeles’ Firm Buys Houston’s Revenew International
Texas Business reports:  A Los Angeles firm bought a Houston cost recovery company. Full Story »
TexasBusiness.com

Lewisville’s Uranium Resources Seeks $7.9 Million Through Common Stock Offering | dal_ftw_txbz, Uranium Resources, URI, NRC, common stock, Roth Capital,
Lewisville’s Uranium Resources Seeks $7.9 Million Through Common Stock Offering

Texas Business reports:  A Lewisville firm is looking to raise $7.9 million in a common stock offering. 

 Full Story »
TexasBusiness.com

NetSpend pulls off IPO
Texas Business notes this story by Kirk Ladendorf and Lori Hawkins of the Austin American-Statesman:  Austin-based NetSpend Holdings Inc. and its investors pulled the trigger on a $204 million public stock offering Monday after overcoming a stumbling block that delayed the process last week. Full Story »

Fort Worth Firm Invests $48 Million Salt Lake's Schiff Nutrition International
Texas Business notes this story by the Salt Lake Tribune:  Salt Lake City’s Schiff Nutrition International is on the prowl for new acquisitions after selling 25 percent of its shares to a Texas private-equity firm led by a name familiar to the nutritional supplements industry. Full Story »

SP Bancorp Inc. Extends Community Offering
Texas Business reports: PLANO—At a time of a downed economy, a proposed bank holding company announced it is allowing anyone to invest in its venture. Full Story »
TexasBusiness.com

More than 200 distressed Texas homeowners to get help with loans | abil_txbz, amar_txbz. aust_txbz, beau_pta_txbz, brn_har_txbz, colsta_bry_txbz, corp_chr_txbz,  dal_ftw_txbz, elp_txbz, hou_txbz, kil_tem_fth_txbz, lar_txbz, lngv_txbz, lub_txbz, mca_edi_miss_txbz, mid_txbz, odes_txbz, sanang_txbz, sanant_txbz, shrm_den_txbz,  txrkn_txbz, tyl_txbz, vic_txbz, wac_txbz, wicfal_txbz
More than 200 distressed Texas homeowners to get help with loans
Texas Business reports:  EL PASO – The Texas Attorney General’s office reached an agreement with Wells Fargo & Co. that will provide $5 million in relief to more than 200 Texas homeowners who had “payment option” adjustable rate mortgage loans with the bank. Full Story »
TexasBusiness.com

Cash America Completes Acquisition of 39 Store Chain of Pawn Lending Locations
Texas Business reports:  FORT WORTH—Cash America International Inc.  completed the previously announced acquisition of. substantially all of the assets of Maxit Financial  LLC.  Full Story »
TexasBusiness.com

Grit Petroleum Texaqs To Be Listed On Frankfurt Exchange
Texas Business reports:  GRANDE PRAIRIE—Grit International Inc  announced that its Canadian based oil and gas subsidiary Grit Petroleum Incorporated, will spin out a newly listed public division called Grit Petroleum Texas which will be listed on the Frankfurt Stock Exchange. Full Story »
TexasBusiness.com

Texas Tech's Rawls College one of the best
Texas Business notes this story by Fox34News:  Texas Tech's Rawls College of Business Administrationis one of the best in the nation for preparing graduate students for the CPA exam. Full Story »

States, DOJ Reach Agreement with Credit Card Networks over Anti-Competitive Merchant Restraints | abil_txbz, amar_txbz. aust_txbz, beau_pta_txbz, brn_har_txbz, colsta_bry_txbz, corp_chr_txbz,  dal_ftw_txbz, elp_txbz, hou_txbz, kil_tem_fth_txbz, lar_txbz, lngv_txbz, lub_txbz, mca_edi_miss_txbz, mid_txbz, odes_txbz, sanang_txbz, sanant_txbz, shrm_den_txbz,  txrkn_txbz, tyl_txbz, vic_txbz, wac_txbz, wicfal_txbz
States, DOJ Reach Agreement with Credit Card Networks over Anti-Competitive Merchant Restraints

Texas Business reports:  AUSTIN – The State of Texas, six other states and the U.S. Department of Justice today resolved a lengthy antitrust investigation into the anti-steering and non-discrimination rules of MasterCard International and Visa Inc.

 Full Story »
TexasBusiness.com

NexBank Announces Formation of SBA Lending Division | dal_ftw_txbz
NexBank Announces Formation of SBA Lending Division

Texas Business reports:  A Dallas bank formed a lending division dedicated to Small Business Administration loans. 

 Full Story »
TexasBusiness.com

Insurer reaping returns from death benefits
Texas Business notes this story by David Evans of Bloomburg News:  When Prudential Financial invests death benefits owed to survivors of soldiers killed in battle, the money comes from a source with deep pockets: the federal government. Full Story »

Dallas Federal Reserve Bank: Credit Quality of the Shared National Credit Portfolio Improved in 2010
Texas Business reports:  The credit quality of large loan commitments owned by U.S. bank organizations, foreign bank organizations (FBOs) and nonbanks remained weak in 2010, but improved from 2009, according to the Shared National Credits (SNCs) Review for 2010. Full Story »
TexasBusiness.com

NCUA Puts Southwest Corporate Credit Union Into Conservatorship

 Texas Business reports:  Regulators from the National Credit Union Administration took over Southwest Corporate, the wholesale credit union that serves as a central payment processing and investment facility for many Texas credit unions. 

 Full Story »
TexasBusiness.com

Six Flags Receives $41 Million in Cash
Texas Business reports:  Six Flags Entertainment Corporation, the world's largest regional theme park company,  announced that it has received a $41 million cash distribution with respect to its equity investment in dick clark productions.  Full Story »
TexasBusiness.com

KEC International completes acquisition of SAE Towers
Texas Business notes this story by the Economic Times:  MUMBAI: RPG Group company, KEC International, on Thursday said it has completed the acquisition process of US-based SAE Towers, along with its subsidiary firms in Brazil, Mexico and America.  Full Story »

MoneyGram International Moves Global Corporate Headquarters to Dallas

Texas Business reports:  MoneyGram International, a leading global payments company, announced today that it will move its corporate headquarters to Dallas from Minneapolis, Minnesota. 

 Full Story »
TexasBusiness.com

Blockbuster files for Chapter 11 bankruptcy protection
Texas Business notes this story by Maria Halkias of the Dallas Morning News:  Blockbuster Inc. said Thursday that it has filed for bankruptcy protection under a pre-arranged plan that slashes its nearly $1 billion debt and gives it financing to try to reorganize its business. Full Story »

BU President Announces $100 Million Scholarship Goals
Texas Business notes this story by Sara Tirrito of the Baylor Lariat:  President Ken Starr will announce the President's Scholarship Initiative today, which poses a goal of increasing student scholarship funds by $100 million by the end of the 2013 fiscal year. Full Story »

Dallas-based F&M Bank & Trust Company Establishes Texas Energy Lending Group

Texas Business reports:  As the oil & gas industry players frantically scrambles to position themselves in Texas, Dallas-based F&M Bank & Trust Company established a Texas Energy Lending Group. 

 Full Story »
TexasBusiness.com

U.S. Banking Agencies Express Support for Basel Agreement

Texas Business reports:  The Dallas Federal Reserve Bank announced the U.S. federal banking agencies support the agreement reached at the September 12, 2010, meeting of the G-10 Governors and Heads of Supervision.

 Full Story »
TexasBusiness.com

Dell shifts its focus back to larger businesses
Texas Business notes this story by John Schwarz of  USA Today:  Deep in the heart of Dell headquarters here, where it is 99 degrees in the shade outside in early September, something else was heating up. Full Story »

Houston’s Genesis Energy L.P. Moves to the New York Stock Exchange
Texas Business reports:  Houston’s Genesis Energy L.P. announced today that it has received authorization to list its limited partner units on the New York Stock Exchange. Full Story »
TexasBusiness.com

Federal Reserve Announces Agenda for September 16 Public Hearing on Home Mortgage Disclosure Act
Texas Business reports:  The Federal Reserve Board will hold four public hearings this year on potential revisions to Regulation C, which implements the Home Mortgage Disclosure Act (HMDA), the Federal Reserve Bank of Dallas announced. Full Story »
TexasBusiness.com

Dell pockets $1.5B in spending cash with debt sale
Texas Business notes this story by Kirk Ladendorf of the Austin American-Statesman:  Dell Inc. raised $1.5 billion Tuesday through an offering of three- and five-year notes and 30-year bonds. Full Story »

Board Authorizes Ongoing Small-Value Offerings of Term Deposits
 Texas Business reports:  The Federal Reserve Board announced that it authorized ongoing small-value offerings of term deposits under the Term Deposit Facility (TDF). Full Story »
TexasBusiness.com

Thomas Group Meets NASDAQ Compliance for Continued Listing

Texas Business reports:  A publicly traded Irving firm was able to keep its stock listed on NASDAQ. 

 Full Story »
TexasBusiness.com

Teletouch Now Trading on OTC Bulletin Board With Ticker Symbol TLLE
Texas Business reports:  Teletouch Communications  Inc.  of Fort Worth,  a  U.S. cellular services and consumer electronics provider, announced the company is now quoted on the OTC Bulletin Board electronic quotation system under the company's current ticker symbol, "TLLE." Full Story »
Texas Business

uControl gets second wind with new strategy
Texas Business recommends this story by Lori Hawkins of the Austin American-StatesmanIn 2008, Jim Johnson crisscrossed the country trying to raise venture capital for his company, uControl Inc., which was developing a Web-based home security system. Full Story »

American International Industries, Inc. to Repurchase Up to $1 million of its Common Stock

Texas Business reports:  American International Industries Inc. announced the approval by its board of directors to repurchase up to $1 million worth of its common stock.

 Full Story »
Texas Business

Waco companies search for ways to cut insurance costs
Texas Business notes this story by Bill Teeter of the Waco Tribune-Herald:  Insurance premiums are costly and many business owners expect increases with federal reforms, but several Waco employers remain determined to keep their workers covered. Full Story »

NetSpend aims for $200M initial stock offering
 Texas Business  notes this story by Lori Hawkins of the Austin American-Statesman: Austin-based NetSpend Holdings Inc. , one of the largest national providers of prepaid debit cards, is hoping to raise $200 million in an initial public offering of its stock, according to a securities filing ThursdayFull Story »

Fed Proposes New Truth In Lending Rules

Texas Business reports:  On a day of numerous final and proposed rules announced by the Federal Reserve Board, the agency on Monday proposed enhanced consumer protections and disclosures for home mortgage transactions.  

 Full Story »
Texas Business

Federal Reserve Proposes Rule to Revise Escrow Account Requirements for Jumbo Mortgages

Texas Business reports:  The Federal Reserve Board on Monday proposed a rule to revise the escrow account requirements for higher-priced, first-lien "jumbo" mortgage loans. 

 Full Story »
Texas Business

Federal Reserve issues rules to protect mortgage borrowers from unfair, abusive, or deceptive lending practices

Texas Business  reports:  The Federal Reserve Board on Monday announced final rules to protect mortgage borrowers from unfair, abusive, or deceptive lending practices that can arise from loan originator compensation practices.

 Full Story »
Texas Business

Texas Emerging Technology Fund reopens for applications
TexasBusiness.com notes this story by Laylan Copelin of the Austin American-Statesman:  The state's Emerging Technology Fund is open for business again.

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Hallmark Financial Services, Inc. to Acquire State Auto National Insurance Company
TexasBusiness.com reports:  Fort Worth’s Hallmark Financial Services  Inc. today announced it bought an Ohio-based automobile insurance firm for $14 million cash and an option worth up to $2 million on a percentage of new premiums. Full Story »
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More than 550 FEMA trailers to be sold at Houston auction | hou_txbz

An auctioneer takes bids.
More than 550 FEMA trailers to be sold at Houston auction

TexasBusiness.com reports:  HOUSTON—Ritchie Bros. Auctioneers, the world's largest industrial auctioneer, will sell more than 550 FEMA trailers and 75 cranes during the next multi-million dollar unreserved public auction at its auction site in Houston on August 26-27, the company announced today. 

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Federal Reserve to Disclose Information About Discount Window Borrowing

TexasBusiness.com reports:  The Dallas Federal Reserver announced that it will disclose certain information regarding discount window borrowing.

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Arthur J. Gallagher buys Texas benefits consultant
TexasBusiness.com notes:  Arthur J. Gallagher & Co., an insurance brokerage and risk management services firm, said Tuesday it acquired employee benefits consulting firm Benefits Unlimited Inc, reports Bloomberg Businessweek.  Full Story »

Owner Resource Group Buys Gila Corporation

TexasBusiness.com reports:  Austin-based Owner Resource Group in partnership with the management of Gila Corporation, announced today that it has acquired Austin-based Gila Corporation.

 

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Cash America Buys 39 Pawn Shops for $70 Million
TexasBusiness.com reports: Fort Worth-based Cash America International  Inc. announced today that it has signed a $70 million asset purchase agreement for the purchase of a 39-store chain of pawn lending locations owned by Maxit Financial  LLC.

The pawn lending locations operate in the states of Washington and Arizona under the names Pawn X-Change and Maxit.

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Independent banks challenging Compass for Waco-McLennan County market share
TexasBusiness.com notes: BBVA Compass, an international powerhouse with $765 billion in total assets, has the largest share of the McLennan County banking market, the Federal Deposit Insurance Corp. reports, reports the Waco Tribune-Herald.  Full Story »

Banks won't take Fort Hood shooting suspect's paychecks

TexasBusiness.com notes:  As he sits in the Bell County Jail, accused of the Nov. 5 Fort Hood shooting that left 13 dead, Maj. Nidal Hasan continues to receive his monthly U.S. Army paycheck, which based on his rank and experience is probably more than $6,000.

That's standard procedure for soldiers who are confined before military trial, according to Army officials, reports Jeremy Schwarz of the Austin American-Statesman.

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Range Resources plans $350 M debt offering
Energy company Range Resources Corp. said Thursday it will offer $350 million in senior subordinated notes due in 2020 to help pay down its senior credit facility and redeem some other notes, reports Bloomberg Businessweek.  Full Story »

San Antonio Bank wins $7.2 million military service banking contract

TexasBusiness.com reports:  The overseas division of Bank of America San Antonio won a $7.2 million contract to provide military banking services, the U.S. Department of Defense announced today.  

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Life Partners plans to “spin” $100 million in assets into a separate vehicle

TexasBusiness.com reports:  In an announcement of its annual shareholders meeting, Life Partner Holdings Inc. said it plans to spin out $100 million in net assets into a separate vehicle to be owned by its shareholders pro-rata to their share holdings. 

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Dallas Fed Taking Nominations For Advisory Council
TexasBusiness.com reports: The Federal Reserve Board has announced that it is seeking nominations for appointments to its Consumer Advisory Council. Ten new members will be appointed to serve three-year terms beginning in January 2011. Full Story »
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Eco-friendly bank to lend more green on real estate
 TexasBusiness.com notes:  The bank with the green building (and name) is expanding to ramp up its commercial real estate lending.  Green Bank is buying the Dallas operations of La Jolla Bank, reports Nancy Sarnoff of the Houston Chronicle Full Story »

XTO Energy Inc. Announces Purchase of $2.048 Billion Principal Amount of Its Debt Securities
 TexasBusiness.com notes:   XTO Energy Inc. (“XTO”), a wholly-owned subsidiary of Exxon Mobil Corporation (“ExxonMobil”) announced today that the previously announced cash tender offers (each, an “Offer”) for any and all of its outstanding debt securities in the series specified in the table below (the “Securities”) expired at 5:00 p.m., New York City time, on July 26, 2010. Full Story »
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Fee fears: Relief from overdraft charges may be short-lived
 McALLEN — Pedro Garcia may never pay $40 for a sandwich again. A new federal rule requires banks to get permission from account holders before providing them with overdraft protection services. For Garcia, a 21-year-old student at the University of Texas-Pan American, that means he won’t have to worry about owing his bank hundreds of dollars in overdraft fees each time he accidentally busts through his balance, reports Ana Ley of The Monitor.  Full Story »

Pamela And Jack Wright: Houston's Pawn Stars
TexasBusiness.com recommends this story by John Nova Lomax of the Houston Press:  Pawn Stars--the History Channel's beer-gutted, blue-collar answer to PBS's effete, pinky-sipping Antiques Roadshow.  Thanks to its Las Vegas setting, and of course the fact that it is, after all, on TV, the brand of reality on view in the Harrison family's Gold & Silver Pawn Shop is not quite the same reality you would find in most pawn shops, reports John Nova Lomax of the Houston Press.  

 

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Texas Bank Starts New Era With Tyler Location
 After 37 years in business in East Texas, with locations across the area, Henderson-based Texas Bank this week opened its first-ever branch in Tyler.  The locally owned and operated financial institution on Monday unveiled its latest location, a branch situated at the intersection of Shiloh and Rhones Quarter roads, reports the Tyler Morning Telegraph. 

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Killeen’s Shilo Inn in foreclosure
 Killeen's prestigious Shilo Inn Suite Hotel is in foreclosure — though a senior official with the hotel chain says it's just a technicality. A posting this week by Harvey Public Records in Waco states that a foreclosure sale for the hotel is scheduled Aug. 3, reports the Killeen Daily News.  Full Story »

Bridge360 Joins Partner Camelot Information Systems to Ring The Opening Bell at the NYSE
  In celebration of China-based Camelot Information Systems Initial Public Offering on the New York Stock Exchange, executives from Camelot, joined by Bridge360 CEO, rang The Opening Bell.

Bridge360 CEO Brenda Hall, joined partner Camelot Information Systems  Inc.,  chief executive Simon Ma and COO Heidi Chou to ring The Opening Bell at the New York Stock Exchange Friday.

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Tyler’s Southside Bancshares announces a 1.3 percent decrease in net quarterly income from last year
 Southside Bancshares Inc. today reported its financial results for the three and six months ended June 30, 2010. Southside Bancshares, Inc. is a bank holding company with approximately $3.0 billion in assets that wholly owns Southside Bank.  Southside Bank currently has 46 banking centers in Texas and operates a network of 49 ATMs.  

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GM to pay $3.5B for Fort Worth-based AmeriCredit
 Fort Worth’s AmeriCredit Corp. Thursday said General Motors has agreed to pay $3.5 billion for the finance company to help sell cars to consumers with less-than-perfect credit. If completed, the deal would be yet another loss to Fort Worth’s stock of large publicly-traded companies, reports Eric Torbenson of the Dallas Morning News. 

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Comerica Reports Second Quarter Net Income of $70 Million
  Dallas-based Comerica Incorporated  today reported second quarter 2010 net income from continuing operations of $70 million, compared to $35 million for the first quarter 2010. Second quarter net income attributable to common shares of $69 million, compared to a net loss attributable to common shares of $71 million for the first quarter 2010, reflected a lower provision for loan losses resulting from continued improvement in credit quality and the benefit of the first quarter 2010 full redemption of $2.25 billion of preferred stock issued to the U.S. Treasury.  Full Story »

Venture capital investing rebounding in Austin

After sliding to a 13-year low in 2009, venture investing in Austin companies rebounded sharply in the first half of 2010,  reports Lori Hawkins of the Austin American-Statesman.

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Bank enters Rangers sale fray with suit of its own
 The country’s second largest bank flexed its muscles in the Texas Rangers bankruptcy this weekend by threatening not to release its rights over the crucial lease on Rangers Ballpark in Arlington, which could stymie the Aug. 4 auction for the team, reports Barry Shlacter of the Fort Worth Star Telegram.
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Blockbuster rejects shareholders' push for revote after stock delisting
 Blockbuster Inc. told shareholders Friday that it won't hold a special meeting to reconsider two proposals that led to the company's removal from the New York Stock Exchange, reports the Dallas Morning News.  Full Story »

Kimbell foundation to sell bonds to finance museum expansion
 The Kimbell Art Foundation will sell $60.4 million in bonds to help fund construction of the Renzo Piano-designed expansion of the Kimbell Art Museum in Fort Worth, reports Gail Robinson of DFW.com. Full Story »

Dr Pepper Snapple approves $1B buyback plan
 Dr Pepper Snapple Group said Tuesday it has board approval to buy back an additional $1 billion of its common stock over the next three years, reports Karen Robinson-Jacobs of the Dallas Morning News.  Full Story »

Dallas police and fire system's investment in Museum Tower part of pension fund trend
 Museum Tower will be the fund's biggest real estate investment, and real estate makes up about a quarter of its holdings, along with stocks, bonds and other assets, reports Steve Brown of the Dallas Morning News. 
 
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Friendly Hills Bank Selects Austin-based Banker's Toolbox to Automate Wire Process & Monitor Suspicious Activity
 Banker's Toolbox, a provider of comprehensive solutions to help financial institutions detect and eliminate money laundering and check fraud, announced that Whittier, Calif.-based Friendly Hills Bank, ($90 million in assets) has implemented Banker's Toolbox's Bank Secrecy Act / Anti-Money Laundering Management (BAM(R)) software to provide comprehensive automated money laundering prevention services and WirePro(R) for complete wire processing automation. Full Story »

Ag Lending Co-ops Merge
 AgCredit of South Texas and Texas AgFinance, two Farm Credit System lending cooperatives serving South Texas, have merged. Full Story »

Proposed holding company for Plano's SharePlus Federal Bank to go public
 The proposed holding company of Plano-based SharePlus Federal Bank is aiming to raise up to $19.8 million in an initial public offering, according to documents filed Friday with the U.S. Securities and Exchange Commission, reports Brendan Case of the Dallas Morning News.  Full Story »

Blockbuster shares lose spot on NYSE
 Blockbuster Inc. lost a battle Thursday to keep its shares trading on the New York Stock Exchange, but its debt holders haven't given up on the Dallas-based company yet, reports the Dallas Morning News.  Full Story »

Bank of Scotland Refinances Waco's FirstCity Financial Corporation's senior credit facilities
 FirstCity Financial Corporation today announced that it has successfully refinanced its existing senior credit facilities with Bank of Scotland and BoS(USA) (collectively, "Bank of Scotland").  Full Story »

Click Forensics raises $6M to fund expansion
 Austin-based Click Forensics Inc., which develops software that detects online advertising fraud, has raised $6 million in venture capital for new product development, reports Lori Hawkins of the Austin American-Statesman.  Full Story »

Scottrade Opens Denton Office
 Online investing firm opens its 475th brick-and-mortar office.

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State targeting 2nd settlement company
 Another New Braunfels life-settlement company has landed in the cross hairs of state regulators, Patrick Danner of the Express-News reports. Full Story »

AG says no conflict for Johnson County Sheriff on bail bond issue
The Attorney General opines that the Johnson County Sheriff doesn't has a conflict on the performance of bail bond and forfeiture duties when his stepson or stepson's wife are agents of a bail bond surety company.  See the Attorney General's opinion here.  Full Story »

Life Partners to Report Quarterly Results
 Life Partners Holdings, Inc. today announced that it expects to report a 5% increase in net income to $7.8 million or $0.52 per share for the three months ended May 31, 2010, including a one-time charge of $750,445 in deferred revenue.  Full Story »

County Attorney Asks for AG Opinion On County Investments
Because of the economic downturn, traditional investment vehicles for counties don't pay much interest.  Richard Miller, Belton County Attorney, asks the Texas Attorney General for an opinion on whether counties can invest funds in interest-bearing checking accounts and money market accounts rather than traditional investments.  See his letter here.  Full Story »

Blockbuster to keep NYSE listing
  Maria Halkias of the Dallas Morning News reports Blockbuster Inc. said Tuesday that it has a confidential agreement with the New York Stock Exchange to keep it stock listed on the exchange. Full Story »

Uranium Resources, Inc. Prices Common Stock Offering
The Lewisville company  announced the pricing of an underwritten public offering of 23,809,500 shares of common stock at a price of $0.42 per share Full Story »

Amen Properties, Inc. Announces Repurchase Program for Common Stock
   Amen Properties, Inc. announced today that its Board of Directors has approved a share repurchase program authorizing the Company to repurchase from time to time, at management's discretion, up to 5,000 shares of the Company's common stock.  Full Story »

Act provides $30 billion in lending for small business
 The Small Business Lending Fund Act and Credit Tax Relief Act provide up to $30 billion in loans for small businesses through a lending fund for small and medium-sized community banks. Full Story »

Stealth Trucking Completes Negotiations to Increase Credit Line
 Stealth Trucking and CLXM Inc.announce the completion of a receivable finance program with Capital Credit Incorporated, a national invoice factoring company. Full Story »

Border violence hurts Laredo insurance business
TexasBusiness.com recommends this Pro8 News story:  Insurance agents  in Laredo say in some cases, businesses is down at least 60-percent. Full Story »

Herring Bank buys downtown building
 Herring Bank has purchased the former Blackburn-Shaw Memorial Chapel and Funeral Home at Southeast Fifth Avenue and Pierce Street to house the bank's downtown branch, CEO Campbell Burgess said. Full Story »

Intel's Impact on Dell
 Dell Inc. and Michael Dell, its founder and chief executive, may soon help to reveal what role did rebates from Intel Corp. play in the computer maker's finances. Full Story »

Dallas' Insential acquires Chicago firm
 Insential, Inc., a national full-service wholesale agency, acquires Source One Benefits, Inc., a Chicago based wholesale general agent of ancillary benefits.  Full Story »

State Farm to Increase Tarrant County Rates
 State Farm rate increases have more Tarrant homeowners shopping for new insurance

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How The Federal Reserve Came To Dallas
TexasBusiness.com recommends this story by the Dallas Morning News:  In early 1914, a Dallas banker and a reporter with The Dallas Morning News traveled to St. Louis on a sensitive mission.
 
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State Farm To Increase Tyler Insurance Rates
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Waco Investment Advisor Featured In WSJ blog
Waco investment advisor is featured in a Wall Street Journal blog.   Full Story »

Victoria Bank Robbery Investigation Continues
Police released more information about a suspect who robbed the First Bank downtown branch of Victoria. Full Story »

Texarkana Woman Sues Dallas Collection Agency
A Texarkana woman alleges a Dallas credit agency called her at work four times in search of her son. Full Story »

Houston's Sterling Bancshares Set For Warrant Auction

The government  will auction  warrants it received from Houston-based Sterling Bancshares Inc. as part of its effort to recoup a $700 billion financial bailout.

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Highest Auto Insurance Rates In Laredo, TX
Laredo now has the nation's highest auto insurance rates for a metro. Full Story »

A-Rod Is A Creditor of the Texas Rangers

The Texas Rangers owe Alex Rodriguez $25 million.  The Texas Rangers are in bankruptcy.  Rodriguez requested a seat on the creditors' committee.

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Radio Shack Credit Rating
Morningstar rates RadioShack. Full Story »