Business News

State agriculture officials say the relentless drought is causing a major economic disaster for Texas farmers. It's the worst drought in the state's history, and the most costly. Texas agriculture losses could exceed $5.2 billion statewide if the drought doesn't end soon.

Retail stores across Texas are preparing and bracing for the onslaught of customers during the state’s annual tax holiday Friday through Sunday.

It's happening in Tyler and Longview.  About 75 contract employees who help people who are out of work will be unemployed by the end of September.

Google announced on Monday that it would acquire Motorola Mobility Holdings for $40 a share, or $12.5 billion. The offer is the search engine giant’s largest acquisition in its history.

U.S. consumer confidence fell sharply in early August, falling to the lowest index level since 1980, as fears of a stalled recovery combined with despair over government policies.

Since 1993, Joan R. Ginther has hit the lotto jackpot four times, to the tune of $2 million, $3 million, $5.4 million and $10 million. The chances of this happening are one in 18 septillion. For a point of reference, there are about one septillion grains of sand on earth.

Two unions representing 45,000 Verizon workers went on strike Sunday over stalled contract negotiations. The Communication Workers of America and the International Brotherhood of Electrical Workers represents service techs, customer service reps and operators at the New York-based phone company. The unions plan to hold more than 100 rallies from Massachusetts to Washington D.C. on Monday. Read Mor

Secretary of State Hillary Clinton says the Canadian company that wants to pipe oil from western Canada to Texas is working with U.S. officials to develop safety standards beyond those required by law, and make the pipeline as safe as possible.