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Moves by Jeb Bush add to talk of 2016 candidacy

WASHINGTON — Jeb Bush's decision to release a policy-laden e-book and all his emails from his time as governor of Florida has further stoked expectations among his allies that he will launch a presidential bid.

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Ebby Halliday acquires Fort Worth’s Williams Trew

Williams Trew Real Estate of Fort Worth has been acquired by Dallas-based residential real estate brokerage Ebby Halliday Real Estate Inc.

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Meridian Bank Texas parent acquired by UMB Financial for $182.5M

Kansas City, Mo.-based UMB Financial Corp., the parent company of UMB Bank, said Dec. 15 it has signed a definitive agreement to acquire Marquette Financial Companies in an all-stock transaction.

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Cousins Properties to sell 777 Main tower in downtown Fort Worth

Cousins Properties Inc. has confirmed plans to sell the 777 Main office tower in downtown Fort Worth, according to a news release from the Atlanta-based real estate investment firm.

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Glen Garden sale closes, distillery on tap

Firestone & Robertson Distilling Co. closed late Wednesday on its purchase of the historic Glen Garden Country Club in southeast Fort Worth, with plans to convert it into a whiskey distillery and bucolic visitor attraction.

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AMR creditors to vote on merger with US Airways

 

DALLAS (AP) — A federal judge has cleared the way for American Airlines' creditors to vote on a merger with US Airways.

U.S. Bankruptcy Judge Sean Lane on Tuesday approved American parent AMR Corp.'s description of its restructuring plan, including a merger that would create the world's biggest airline.

If creditors approve the plan, the company will return to court to seek final approval from Lane this summer.

At a hearing Tuesday in New York, the judge delayed ruling on a $19.9 million severance package for AMR CEO Tom Horton.

The U.S. trustee's office, part of the Justice Department, objected that the size of Horton's payout violated at 2005 law designed to limit payments by bankrupt companies to insiders. Lane postponed a decision until he makes a final ruling on AMR's reorganization plan this summer.

Under the merger plan, the combined airline will be run by US Airways Group Inc. CEO Doug Parker, and Horton will serve briefly as chairman before stepping down. The merged company will be called American Airlines Group Inc. and based in Fort Worth, Texas.

AMR spokesman Michael Trevino said the company was pleased that the bankruptcy judge approved the description of its turnaround plan — called a disclosure statement — "allowing us to move forward with our restructuring and our planned merger with US Airways."

Trevino said in a statement that the plan would "provide the foundation for a stronger future for our people and our customers."

AMR lost money in April, but it has slashed labor costs by about one-fifth, and Horton said last week that the company was on track for a "strongly profitable" April-to-June quarter.

The merger and turnaround plan would result in full repayment to AMR bondholders. Shareholders, whose investments usually are wiped out in bankruptcy, would get at least 3.5 percent of the new company's stock.

AMR filed for bankruptcy protection in November 2011, and US Airways pushed for a merger throughout 2012. In February the companies announced plans to merge. The combined airline would leap over No. 1 United Airlines and No. 2 Delta Air Lines to become the largest carrier by passenger miles.
 

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