R. Allen Stanford | KERA News

R. Allen Stanford

Former Texas billionaire R. Allen Stanford has been sentenced to 110 years in prison for orchestrating one of the largest Ponzi schemes in U.S. history.

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Parts of Texas have grown drier as a lack of substantial rains and windy conditions have led to less moisture in the soil. The U.S. Drought Monitor map released Thursday indicates more of West Texas slipped back into the worst drought stage the past week.

American Airlines sent word to its employees today that it will not “terminate” pensions after all, but will freeze them.

A Houston jury has convicted Texas financier R. Allen Stanford on all but one of the charges he faced for allegedly bilking investors out of more than $7 billion in one of the largest Ponzi schemes in U.S. history.


A survey finds retail gasoline prices across Texas have jumped a nickel in the past week.


The leader of the notorious "Texas 7" gang faces execution for the murder of a police officer from Irving during a robbery two weeks after organizing and pulling off the biggest prison break in Texas history.