<?xml version="1.0" encoding="UTF-8"?><rss version="2.0" xmlns:atom="http://www.w3.org/2005/Atom"><channel><atom:link href="http://cbs11tv.com/wireapbusinesstx/resources_rss.xml" rel="self" type="application/rss+xml"/><title>Dallas / Fort Worth news, weather, sports, traffic and video from cbs11tv.com</title><link>http://cbs11tv.com/wireapbusinesstx</link><description><![CDATA[Dallas / Fort Worth news, weather, sports, traffic and video from cbs11tv.com]]></description><language>en-US</language><copyright><![CDATA[(c)  MMIX, CBS Stations Group of Texas L.P. All Rights Reserved.]]></copyright><pubDate>Mon, 23 Nov 2009 00:07:16 GMT</pubDate><ttl>5</ttl><item><title><![CDATA[More Americans Expected To Travel For Thanksgiving]]></title><guid>http://cbs11tv.com/wireapbusinesstx/More.Americans.expected.2.1326264.html</guid><link>http://cbs11tv.com/wireapbusinesstx/More.Americans.expected.2.1326264.html</link><description><![CDATA[The number of Americans traveling away from home for Thanksgiving will be up only slightly this year from 2008, according to a report from the AAA auto club. The group, which surveyed 1,350 households, said there will be about 33.2 million people traveling by car this year — a 2.1 percent increase from last year. But there will be a 6.7 percent decrease in the number of air travelers, totaling 2.3 million this year, continuing a decade-long decline of Thanksgiving air travel.]]></description><pubDate>Sat, 21 Nov 2009 21:17:08 GMT</pubDate></item><item><title><![CDATA[Stanford Investors To Antigua: Remove Liquidator]]></title><guid>http://cbs11tv.com/wireapbusinesstx/Investors.seeking.Stanford.2.1326322.html</guid><link>http://cbs11tv.com/wireapbusinesstx/Investors.seeking.Stanford.2.1326322.html</link><description><![CDATA[A group of investors is urging an Antiguan court to remove a British accounting firm appointed to collect assets of a Caribbean offshore bank at the center of an alleged Ponzi scheme by Texas financier R. Allen Stanford. Martin Kenney, a lawyer for the group led by Florida businessman Alexander Fundora, said his clients have asked the High Court of Antigua to remove Vantis Business Recovery Services as liquidator because a Canadian court found earlier this year that it had deleted data from computers in the Montreal branch of Stanford International Bank Ltd. "In order to recover and apportion the bank's assets in the fairest and most efficient way possible for the victims of this apparent grand fraud, it is crucial to have Vantis removed and replaced as soon as possible," Kenney said Friday from the British Virgin Islands.]]></description><pubDate>Sat, 21 Nov 2009 18:43:33 GMT</pubDate></item><item><title><![CDATA[LyondellBasell Gets Buyout Offer From Reliance]]></title><guid>http://cbs11tv.com/wireapbusinesstx/Financially.troubled.LyondellBasell.2.1326143.html</guid><link>http://cbs11tv.com/wireapbusinesstx/Financially.troubled.LyondellBasell.2.1326143.html</link><description><![CDATA[LyondellBasell Industries said Saturday Reliance Industries offered to acquire a controlling interest in the beleaguered chemical company, which is under Chapter 11 bankruptcy protection. LyondellBasell declined to disclose the value of the cash offer. India-based Reliance did not immediately respond to requests for comment. Reliance's offer "represents a potential alternative to the initial plan of reorganization," LyondellBasell said, and it "will continue to work with all parties to design an approach that maximizes value for the company's creditors."]]></description><pubDate>Sat, 21 Nov 2009 17:10:55 GMT</pubDate></item><item><title><![CDATA[Texas High Court Agrees To Rehear Exxon Case]]></title><guid>http://cbs11tv.com/wireapbusinesstx/Texas.Supreme.Court.2.1324844.html</guid><link>http://cbs11tv.com/wireapbusinesstx/Texas.Supreme.Court.2.1324844.html</link><description><![CDATA[The Texas Supreme Court on Friday said it will again hear arguments in the nearly 15-year legal battle over accusations that Exxon Mobil Corp. loaded abandoned wells with junk, sludge and even explosives to keep other companies from drilling there. A small drilling company that tried to enter the wells near Corpus Christi, and the land owners, accused the world's largest publicly traded oil company of intentionally wrecking the wells. The plaintiffs won at trial in 1999, but the Texas Supreme Court reversed the finding in March. That ruling from the state's highest civil court sparked a campaign to rehear the case led by the Texas land commissioner and state comptroller.]]></description><pubDate>Sat, 21 Nov 2009 02:09:43 GMT</pubDate></item><item><title><![CDATA[Pa. Residents Sue Gas Driller Over Polluted Wells]]></title><guid>http://cbs11tv.com/wireapbusinesstx/Northeast.Pa.residents.2.1324223.html</guid><link>http://cbs11tv.com/wireapbusinesstx/Northeast.Pa.residents.2.1324223.html</link><description><![CDATA[Pat Farnelli says there's something in the water at her house. The last time she drank it, she says she vomited four times. It's made her children sick, too. Like her neighbors in this rural community 15 miles south of the New York border, Farnelli signed a lease with a major natural gas driller to explore a potentially lucrative formation beneath her land. Now Farnelli and others are plaintiffs in a lawsuit that alleges Houston-based Cabot Oil & Gas Corp. polluted their wells with methane gas and other contaminants, destroying the value of their homes and threatening their health. A Cabot spokesman said the lawsuit, filed late Thursday in federal court in Scranton, was without merit.]]></description><pubDate>Sat, 21 Nov 2009 01:36:35 GMT</pubDate></item><item><title><![CDATA[Neb. Ethanol Plant Fire Produces Lawsuit]]></title><guid>http://cbs11tv.com/wireapbusinesstx/Neb.ethanol.plant.2.1324599.html</guid><link>http://cbs11tv.com/wireapbusinesstx/Neb.ethanol.plant.2.1324599.html</link><description><![CDATA[The owners of a Lexington ethanol plant and their insurer are suing a subsidiary of a Houston-based natural gas provider they say is responsible for an explosion and fire that shut down the plant for weeks. Cornhusker Energy Lexington and its insurer say the plant lost more than $1.8 million after a pipeline carrying natural gas outside the plant ruptured last December. On Thursday, an attorney for Cornhusker Energy filed a federal lawsuit against pipeline operator Kinder Morgan Interstate Gas Transmission. The lawsuit alleges the explosion was caused by a buildup of moisture in the gas provided by Kinder Morgan.]]></description><pubDate>Fri, 20 Nov 2009 22:49:15 GMT</pubDate></item><item><title><![CDATA[D.R. Horton Sees 26 Perecent Spike In 4Q Orders]]></title><guid>http://cbs11tv.com/wireapbusinesstx/Homebuilder.D.R.2.1323958.html</guid><link>http://cbs11tv.com/wireapbusinesstx/Homebuilder.D.R.2.1323958.html</link><description><![CDATA[Homebuilder D.R. Horton Inc., saw new home orders spike 26 percent from a year ago in the latest quarter as buyers raced to close deals and take advantage of a federal tax credit. But a wider-than-anticipated loss fueled by write-downs sent shares tumbling more than 15 percent Friday. The surge in orders came as many first-time homebuyers sought to qualify for an $8,000 tax credit that was set to expire at the end of this month before Congress extended it into next year. D.R. Horton, which caters primarily to first-time buyers, and other builders have seen home orders improve thanks to the incentive. But the tax credit also has raised concerns that it has merely pulled sales forward.]]></description><pubDate>Fri, 20 Nov 2009 22:20:08 GMT</pubDate></item><item><title><![CDATA[Oil Prices Drop Below $77 On Economic Doubt]]></title><guid>http://cbs11tv.com/wireapbusinesstx/Oil.edges.down.2.1323693.html</guid><link>http://cbs11tv.com/wireapbusinesstx/Oil.edges.down.2.1323693.html</link><description><![CDATA[Oil prices fell below $77 a barrel on Friday on a stronger dollar and amid concern about the strength of the global economic recovery. Benchmark crude gave up 74 cents to settle at $76.72 a barrel on the last trading day for the December contract. Crude prices for January delivery lost 58 cents to settle at $77.47. Crude prices were dragged down by uncertainty about the economic outlook, including concerns about deflation and a possible double-dip recession.]]></description><pubDate>Fri, 20 Nov 2009 21:44:17 GMT</pubDate></item><item><title><![CDATA[Flurry Of IPOs Signals IPO Rebound To Continue]]></title><guid>http://cbs11tv.com/wireapbusinesstx/Busy.week.for.2.1325095.html</guid><link>http://cbs11tv.com/wireapbusinesstx/Busy.week.for.2.1325095.html</link><description><![CDATA[The flurry of initial public offerings this week is confirmation that this fall's rebound in the market wasn't a fluke and sets the stage for more companies to raise money through IPOs in 2010. But the response to two of the newly public companies shows that investors continue to be careful about where they place their bets. This week was the second-biggest for new issues — with five IPOs — since the market began heating up in mid-September. There have been 22 new offerings so far this quarter, compared to just one in the final three months of last year. There are more than 90 companies in the 2010 IPO pipeline. "This week has been a preview of coming attractions next year," said John Fitzgibbon of IPOScoop. "There is a demand for IPOs."]]></description><pubDate>Fri, 20 Nov 2009 21:39:03 GMT</pubDate></item><item><title><![CDATA[More States Add Jobs, But Many For Temporary Staff]]></title><guid>http://cbs11tv.com/wireapbusinesstx/28.states.added.2.1324788.html</guid><link>http://cbs11tv.com/wireapbusinesstx/28.states.added.2.1324788.html</link><description><![CDATA[In a sharp improvement, more than half of U.S. states added jobs in October, though economists said many of the gains likely occurred in temporary employment. That's customarily a positive a sign. Employers usually hire temporary workers before they add full-time jobs. But in this case, the temporary hiring may be inflated by the auto sector, which has boosted production to replace depleted inventories. As a result, the increase might not be sustainable. Some of last month's job gains also were in sectors such as education, health care and government, which have fared relatively well during the recession. By contrast, there's little evidence that companies in hard-hit industries are hiring permanent staff.]]></description><pubDate>Fri, 20 Nov 2009 20:46:42 GMT</pubDate></item></channel></rss>