Sears and Edwin Watts Golf Shops LLC will unveil the golf industry’s first U.S. based “store-within-a-store” retail location inside of Sears at Baybrook Mall on June 12. more…

The University of Texas Medical Branch at Galveston’s Claude D. Pepper Older Americans Independence Center has received a renewal of a $5.8 million grant from the National Institute on Aging. more…

Amphora Inc. has relocated to a larger office in Hyderabad, India, after nearly doubling its headcount with 82 percent growth. more…

The U.S. Treasury Department announced Thursday it has sold warrants of Sterling Bancshares Inc. that were collected as part of the bank’s participation in the Troubled Assets Relief Program. (SBIB) more…

Shares of Contango Oil & Gas Co. fell Thursday after the company lowered its estimates of oil and natural gas reserves and cut bonuses for employees. more…

BP Plc’s shares rebounded Thursday after seeing a 16 percent drop on Wednesday as the company provided an update on its efforts to clean up the massive oil spill in the Gulf of Mexico. more…

Apache Corp. on Thursday closed its $1.05 billion acquisition of Devon Energy Corp’s oil and gas assets in the shallow water Gulf of Mexico. (APA) (DVN) more…

A Toronto integrated energy company with an office in Houston is buying Clockwork Home Services in Sarasota for $183 million. more…

Chief information officers in Texas expect IT hiring to pick up over the course of the next three months, according to Robert Half Technology’s IT Hiring Index and Skills Report. more…

Men’s Wearhouse Inc.’s stock jumped 14.4 percent Thursday after the men’s clothing retailer’s first quarter results were nearly double analysts’ estimates. (MW) more…