Charge impacts GulfMark’s fourth quarter

GulfMark Offshore Inc. ended the year with record net income despite a charge that reduced fourth-quarter earnings by 61 percent.
The Houston marine transportation services company reported net income of $12.7 million, or 55 cents per share, on revenue of $91.5 million, for the three months ended Dec. 31, 2007. That compared with […]

Kroger set to open largest North Houston store

Kroger is planning to open its new signature store in Spring on March 2.
The 81,000-square-foot store, located at 2301 Rayford Road, is the largest of the Cincinnati-based grocer’s North Houston locations.
The store will feature "All About You," a health and beauty department that caters specifically to women.
In addition, the […]

Trichet May Not Cut Rates in 2008, Merrill's Baader Predicts

Financial markets have it wrong: Jean-Claude Trichet isn't about to cut interest rates, according to the Merrill Lynch & Co. economist who defied conventional wisdom by correctly predicting the European Central Bank president's course two years ago.
Klaus Baader, Merrill's London-based chief European economist, said he doesn't expect Trichet to lower borrowing costs […]

OmegaCon to invade Birmingham

The science fiction and fantasy convention OmegaCon will be held in Birmingham in March and is expected to attract thousands of attendees and numerous celebrity guests.
According to a news release, the convention, which will be held at the Sheraton Birmingham Hotel, will open the city’s St. Patrick’s Day Parade in downtown on […]

China's Trade Surplus Climbs 23% to $19.5 Billion

China's trade surplus jumped more than economists estimated in January, a sign that the world's fourth-biggest economy may keep powering global growth as a recession looms in the U.S.
The gap widened 23 percent from a year earlier to $19.5 billion, the customs bureau said on its Web site today. That was more […]

Houston companies report results

Swift Energy Co., Comsys IT Partners and Natural Resource Partners LP reported fourth quarter and annual results Thursday, while U.S. Dataworks Inc. reported third-quarter figures.

Swift Energy Co. reported net income from continuing operations for the fourth quarter ended Dec. 31, 2007 of $52.7 million, or $1.71 a share, on revenue of $196.4 million, […]

Ascent Solar relocating to Thornton

Ascent Solar Technologies Inc., a developer of thin-film photovoltaic modules to generate electricity from the sun, said Monday it is moving from Littleton to a new manufacturing space and headquarters in Thornton.
Ascent (NASDAQ: ASTI) is currently based on Shaffer Parkway in Littleton. The new location, with about 120,000 square feet of office and […]

Maui resort gets new restaurant

Mala Wailea, a new restaurant, has opened in the Wailea Beach Marriott Resort & Spa on Maui.
The restaurant, led by Shep Gordon and his business partner, chef Mark Ellman, is located in the former Hula Moons restaurant space.
Mala Wailea, which serves breakfast and dinner, uses local and organic ingredients for its […]

D.R. Stephens pays $14 million for Fremont R&D buildings

D.R. Stephens & Co. purchased two research and development buildings in the Warm Springs area of Fremont for $14 million.
McMorgan & Co. sold the single-story concrete tilt-up buildings, 48502 Kato Road and 48507 Milmont Drive, for about $112 per square foot. The portfolio totals 125,818 square feet.
McMorgan was represented by Reed Payne, […]

U.K. Economy May Slow as Inflation Accelerates, NIESR Says

Britain's economy will grow slower than forecast this year, and inflation will accelerate, the National Institute of Economic and Social Research said.
The London-based research group, whose clients include the Bank of England and the Treasury, cut its prediction for economic expansion to 2 percent from the 2.2 percent it forecast in October. […]