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• Dallas Fed: Area economy sees moderate gains
  The Federal Reserve’s 11th district, which includes all of Texas, saw moderate economic growth during the past six weeks, according to the Federal Reserve Bank of Dallas’ Economic Beige Book.
  
  
  
  
• Nabors plans $2B asset sale
  Nabors Industries Inc. said it plans to raise $2 billion from the sale of assets to fund new purchases and pay off debt. (NBR)
  
  
  
  
• Carnahan says ‘Hell no’ to $10B BP tax credit
  BP Plc said it plans to cut its U.S. tax bill by $10 billion by deducting costs related to the oil spill. (BP)
  
  
  
  
• BP has paid out $256M in spill claims to date
  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)
  
  
  
  
• Enbridge Energy works to contain Michigan oil spill
  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 the spill. (ENB) (EEP) (APL)
  
  
  
  
• Baker Hughes names Martin Craighead president
  Baker Hughes Inc. has appointed senior vice president and chief operating officer Martin Craighead to president. (BHI)
  
  
  
  
• Comfort Systems acquires ColonialWebb
  Comfort Systems USA Inc. has agreed to acquire ColonialWebb Contractors Co. — its third acquisition this year. (FIX)
  
  
  
  
• Baylor, Texas Children's get $14.9M NIH grant
  Baylor College of Medicine and Texas Children’s Hospital have received a $14.9 million infusion from the National Institutes of Health.
  
  
  
  
• Houston ranked No. 1 in job growth over past 5 years
  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 Labor Statistics.
  
  
  
  
• Texan files bill to block part of health care reform
  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.