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Dallas Fed's Fisher, Philadelphia Fed leaders to retire in 2015

WASHINGTON — The outspoken president of the Federal Reserve Bank of Philadelphia will step down in March, shortly before the central bank is expected to raise interest rates for the first time since the recession, the regional bank said Monday.

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Ex Rangers manager Washington apologizes for 'breaking wife's trust'

IRVING, Texas (AP) — Former Texas Rangers manager Ron Washington says he is embarrassed for 'breaking his wife's trust.'

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REIT plans demolition of Fort Worth's Westchester Plaza, mixed-use redevelopment

The developer is seeking a $3.8 million reimbursement from the Southside tax increment finance district.

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Troubled RadioShack files SEC form, talks with 'major vendor'

RadioShack Corp.’s latest filing with the U.S. Securities and Exchange Commission describes recent discussions that “could be beneficial to the financial restructuring of the company.”

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Road Show: City leaders prepare campaign to corral votes for $450 million arena

Fort Worth’s biggest backers of a new arena at the Will Rogers Memorial Center are leaving little to the chance of a “no” vote in a citywide election Nov. 4 to decide on new fees that would fund 15 percent of the $450 million project.

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AT&T says it's connecting more devices

 

PETER SVENSSON,AP Technology Writer

 

 


NEW YORK (AP) — AT&T Inc. on Thursday said promotions are pulling in a large number of new phone customers, but the cost of subsidizing devices for them will hold back profits this year.

The nation's second-largest cellphone company said it expects to report adding a net 500,000 new devices on contract-based plans during the April-June period. That would be the best second-quarter figure since 2010.

Since most Americans already have phones, the number of new customers added every quarter has been slipping across the industry. AT&T's tallies have been propped up by the addition of tablets, but these carry lower monthly fees than phones.

AT&T also said it's adding more U-verse broadband and TV customers than it did in the same period last year.

Dallas-based AT&T doesn't expect the influx of new customers to move the needle on overall sales this year. It said it still expects revenue to rise 2 percent in 2013.

AT&T shares fell 12 cents, or 0.3 percent, to $35.69 in afterhours trading, after the company released its outlook.

The company is set to report full second-quarter results on July 23.


 

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Arena
What do you think of the new plans for a new Will Rogers arena and changes at the Convention Center?