Recent Articles

Fourth quarter sales of 2017 at Sears and Kmart decline 16-17 percent

Sears Holdings Corporation ("Holdings," "we," "us," "our," or the "Company") (NASDAQ: SHLD) announced Wednesday, Jan 10 that it has raised $100 million in new financing and is pursuing an additional $200 million from other counterparties.

Southeast Texas Emergency Relief fund receives more than $150,000 in grants from local industry for Hurricane Harvey relief

The Southeast Texas Emergency Relief Fund (SETERF) announces grants of more than $150,000 from local industry, including $100,000 from OCI, $35,000 from Sempra and $20,000 from Chevron Phillips, to assist in Hurricane Harvey relief and recovery efforts.

Southeast Texas Emergency Relief Fund receives $26,700 contribution from Mobiloil Federal Credit Union for Hurricane Harvey relief

Mobiloil Federal Credit Union has presented the Southeast Texas Emergency Release Fund (SETERF) with a contribution in the amount of $26,700 to assist in Hurricane Harvey relief and recovery efforts.

“With the majority of our region devastated by this disaster, Southeast Texans are still overwhelmed with inconceivable needs. Many individuals and companies have bolstered their support,” said Robert Edgar, SETERF chair. “Their funding will enable us to help many displaced families."

Southeast Texas Emergency Relief Fund receives $25,000 Valero grant for Port Arthur ISD victims of Hurricane Harvey

Valero has presented the Southeast Texas Emergency Relief Fund (SETERF) with a $25,000 grant designated to help Port Arthur Independent School District teachers, faculty and school leaders affected by Hurricane Harvey and to help the families of special needs children who lost equipment and supplies due to the storm.

Valero’s grant will help return a sense of normalcy to many educators, young people and their families whose lives have been uprooted since the hurricane.

Holiday retail sales increased 5.5 percent in 2017, showing strongest gain since Great Recession

Holiday sales during November and December increased 5.5 percent over the same period in 2016 to $691.9 billion as growing wages, stronger employment and higher confidence led consumers to spend more than had been expected, the National Retail Federation said today. The number, which excludes restaurants, automobile dealers and gasoline stations, includes $138.4 billion in online and other non-store sales, which were up 11.5 percent over the year before.

Harbor Hospice to open new in-patient facility in Jasper

Harbor Hospice is expanding its footprint to the Jasper area. The hospice care provider is building a new, 13,367-square-foot in-patient facility at 1440 FM 777 in Jasper.

According to the Harbor Hospice, construction began in January 2017 and is expected to be completed this spring. The contractor for the job is BEGA Design + Construction out of Houston. According to the city of Jasper, the cost of the project is $600,000.

Port Arthur Chamber of Commerce calls on Congress to pass hurricane relief package

Today, the Greater Port Arthur Chamber of Commerce announced it has officially called on Congress to pass a new appropriations bill to help Texas recovery from the devastation of Hurricane Harvey.

H.R. 4667, the federal hurricane relief bill, which passed the House of Representatives on December 21, 2017, is now awaiting a Senate vote and must be passed in January to help the state.

It has been over 120-days since Texas faced the largest rain fall incident in America’s history, yet the needed funding for repairs and resilience projects have not reached the state.

LSC-O president announces plans to retire

After nearly 24 years as the head of the Lamar State College – Orange campus, Dr. Mike Shahan announced today his plans to retire.

“I’ve got mixed emotions about this,” Shahan said. “I’m excited about retirement, but I’m so very sad to leave LSC-O.”

Shahan said he plans to stay through the end of the fiscal year, making his last day at LSC-O August 31, 2018.

“Serving as president of Lamar Orange for the past 23 years has been an honor and privilege,” Shahan said. “I am proud of this institution and what we have accomplished together.”

Walmart to increase employee starting wage to $11 an hour, expand benefits

Walmart announced plans to increase the starting wage rate for all hourly associates in the U.S. to $11, expand maternity and parental leave benefits and provide a one-time cash bonus for eligible associates of up to $1,000. The company, which made the announcement Thursday, Jan. 11,  is also creating a new benefit to assist associates with adoption expenses. The combined wage and benefit changes will benefit the company’s more than one million U.S. hourly associates.

Texas physicians inject billions into state economy

Physicians add opportunity, growth, and prosperity to the Texas economy by creating 670,172 jobs and generating $117.9 billion in state economic activity, according to a new report, The Economic Impact of Physicians in Texas, released today by the Texas Medical Association (TMA) and the American Medical Association (AMA).

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