The general partner of Houston-based Shell Mistream Partners LP (NYSE: SHLX) will forego $50 million in incentive distribution rights in 2019, reinvesting the cash back into the business. The general partner will reduce the incentive…

Navy Federal Credit Union will cover pay for its eligible members during the partial-federal government shutdown via interest-free loans, it announced Dec. 22. The partial shutdown of roughly a quarter of the federal government started…

The office market in Houston is highly competitive with 8.6 million square feet in sublease space on the market and a 23.7 percent vacancy. However, health care continues to remain a highly desirable property type,…

Irving, Texas-based Del Frisco’s Restaurant Group announced Dec. 20 that it’s working with legal and financial advisers to “consider a full range of options focused on maximizing shareholder value.” Those options could include a sale…

Brock Griffiths, a partner at EY in Houston, said that the acquisition will provide Linn Thurber’s high net worth clients with additional professional and tax services that were previously unavailable to them. Houston Biz Journal…

Fiesta Restaurant Group Inc. on Dec. 20 announced closures for its Taco Cabana and Pollo Tropical brands. The Dallas-based company said in a press release that the closures are part of the completion of its…

The company has been considering an expansion into petrochemicals at least since earlier this year. Houston Biz Journal Motiva names potential site for .63B in petrochemical projects

Houston-based McDermott International Inc. (NYSE: MDR) has signed a lease for its new headquarters, where it will consolidate employees from five locations across the Houston area.  McDermott leased the entire Energy Center Five building at…

Issaquah, Washington-based Costco Wholesale Corp. (Nasdaq: COST) has purchased land in Katy from Katy Partners Ltd., according to Waller County records. The land previously was slated for Pintail Crossing Business Park, which Houston-based Hines was…

General Electric Co. is considering replacing KPMG LLP as its auditor, possibly ending a century-long relationship that has come under scrutiny following multiple government investigations into GE’s accounting. The audit committee of GE’s (NYSE: GE)…