BP Plc said it plans to cut its U.S. tax bill by $10 billion by deducting costs related to the oil spill. (BP) more…

BP Plc said Wednesday it has paid out $256 million so far in claims to those who have lost income or net profits as a result of the Gulf oil spill. (BP) more…

A day after Enbridge Energy Partners LP said it had shut in the pipeline that had been leaking oil into a river in southern Michigan since Monday morning, efforts were doubled to contain and clean up more…

Baker Hughes Inc. has appointed senior vice president and chief operating officer Martin Craighead to president. (BHI) more…

Comfort Systems USA Inc. has agreed to acquire ColonialWebb Contractors Co. — its third acquisition this year. (FIX) more…

Baylor College of Medicine and Texas Children’s Hospital have received a $14.9 million infusion from the National Institutes of Health. more…

Houston and the three other major Texas markets registered the nation’s strongest employment gains during the past five years, according to figures released Wednesday morning by the U.S. Bureau of L more…

A Texas Republican legislator is leading the charge to block the Independent Payment Advisory Board, slated for launch as part of the federal health care reform passed last year. more…

ConocoPhillips on Wednesday said it is moving forward with its plan to unload its entire stake in Russian oil company OAO Lukoil, selling an initial 7.6 percent stake to Lukoil for $3.4 billion. (COP) more…

A day after Enbridge Energy Partners LP said it had shut in the pipeline that had been leaking oil into a river in southern Michigan since Monday morning, the Houston-based pipeline company announced more…