BP should set aside $20 billion to compensate affected industries for economic damages from the Gulf oil spill and to repay the federal government for cleanup costs, U.S. Democratic senators demanded more…

BP Plc’s stock continued its roller coaster ride Monday, dropping nine percent, as the British oil giant outlined its next plans in dealing with the massive oil spill in the Gulf of Mexico. (BP) more…

Funeral services will be held June 15 for Houston businessman and philanthropist James A. Elkins III. more…

Just Energy is plunking down $2 million to expand its new Houston call center and operations. more…

Video rental giant Blockbuster Inc. is negotiating with bondholders to obtain $150 million in debtor-in-possession financing that would allow the company to operate in bankruptcy, according to unnamed more…

Texas Rangers bidders Chuck Greenberg and Nolan Ryan stand to earn a $10 million breakup fee if they do not buy the club, according to documents filed as part of the team’s bankruptcy proceedings. more…

Kohlberg Kravis Roberts & Co. said Monday it will invest up to $400 million in a newly formed partnership, Hilcorp Resources LLC, to develop Hilcorp Energy Co.’s 100,000 acres in the Eagle Ford more…

Continental Airlines Inc. is planning a nonstop service between its Houston hub and Lagos, Nigeria — the air carrier’s first African destination. (CAL) more…