Business news

By nssl0001, National Severe Storms Laboratory (NSSL) Collection / Wikimedia Commons

DALLAS — Texas home insurers saw a third straight year of healthy profits in 2014 due to higher rates and fewer severe storms across the state.

But The Dallas Morning News reports a rising tide of lawsuits filed by homeowners in recent years has companies worried that more could be on the way. The industry seeks legislation that would curb homeowners’ ability to sue insurers for unpaid claims or unfair practices.

State insurance department records show though that those lawsuits didn’t hurt companies’ bottom line last year, but Mark Hanna of the Insurance Council of Texas says the number of lawsuits against insurers has been “off the charts” in recent years and companies are worried that more are on the way.

Texas Businesses Stand Ready For Trade With Cuba

Apr 20, 2015

From Texas Standard:

Two years ago, the WestStar Food Company’s business with Cuba was good. Patrick Wallesen, the company’s president, says WestStar exported agricultural products through the port of Corpus Christi for more than a decade.

“We averaged about 5,000 metric tons a year of product. Primarily into beans, black beans, great northern beans,” Wallesen says.

The Chatham House / Wikimedia Commons

DALLAS — Think flying is getting worse? A pair of university researchers who track the airline business say it’s a fact.

More flights are late, more bags are getting lost, and customers are lodging more complaints about U.S. airlines, government data shows. Dean Headley, a marketing professor at Wichita State and one of the co-authors of an annual report — now in its 25th year — being released Monday, said passengers already know that air travel is getting worse. “We just got the numbers to prove it.”

For the third straight year, Virgin America led the rankings. The niche airline with a limited route network was followed by Hawaiian Airlines and Delta Air Lines.

Among other findings in the report:

LATENESS: The percentage of flights that arrived on time fell to 76.2 percent last year from 78.4 percent in 2013. Best: Hawaiian Airlines. Worst: Envoy Air, which operates most American Eagle flights.

FORT WORTH — American Airlines is marking a merger milestone and US Airways is one step closer toward extinction. The Federal Aviation Administration on Wednesday granted the two airlines the authority to operate as a single carrier.

The FAA decision means that American Airlines Group Inc. can combine work forces, websites and reservations systems starting this fall, but passengers won’t notice much difference right away.

Sourced from

HOUSTON — Oil and gas drilling services company Halliburton plans to sell several businesses in order to complete its $34.6 billion acquisition of competitor Baker Hughes.

Houston-based Halliburton said Tuesday that it will sell its directional drilling and logging- and measurement-while-drilling businesses and part of its drill bits division. Halliburton will market the businesses separately.

The sales will not close until regulators approve Halliburton’s planned purchase of Baker Hughes.