Business news

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.

Eileen Pace

The construction industry took a hit in March, posting a decrease of 1,000 jobs nationwide. The decline followed a steady increase in construction jobs over the last 14 months.  

But the national news is not true for Texas, where construction jobs are increasing and 48 percent of firms are still having a hard time filling positions.

Doug McMurry of the Associated General Contractors, San Antonio chapter, said now that oil companies were reducing operations, he was hoping that workers who had left to work in the Eagle Ford Shale would come back to construction.

The U.S. Labor Department reports that the latest national unemployment rate is 5-point-5 percent. That’s good news for the economy overall and the sluggish recovery. But if you are still one of those without a job then the unemployment rate is 100%. But for minority communities the recovery has yet to arrive.  A coalition of community and labor groups in Texas is calling for the Federal Reserve to focus on full employment and higher wages for blacks, Latinos, native peoples and others in poor neighborhoods who have been left out of the recovery.

Refinery Strike Continues Into Fourth Week

Feb 25, 2015

A nationwide oil refinery strike continued this week and expanded to 15 plants. The United Steelworkers union organized the walkout, after the union’s contract with oil companies expired.

One of the latest refineries to be impacted is the Motiva Enterprises refinery in Port Arthur, Texas, the largest of its kind in the country. CNN’s Maggie Lake joins Here & Now’s Robin Young with details.

Eileen Pace


Eagle Ford Shale communities are zeroing in on new areas of business they can fall back on once fracking is no longer bringing income into South Texas.

UTSA has been working with the communities on finding new opportunities to keep their economies strong, and for some, the question is not “If” – but “When.” 

DeWitt County Judge Daryl Fowler says his county has used its tax structure to prepare for a future without fracking.