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RadioShack sees stock jump on investment report

Fort Worth-based RadioShack saw its stock increase as much as 45 percent on Friday as investor Standard General LP said it was continuing talks on new financing for the electronics retailer.

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Fort Worth couple gets in 'Shark Tank,' comes out with deal

A Fort Worth couple who started a business when they couldn’t sleep, were the first entrepreneurs to get a deal on ABC’s Shark Tank in the season premiere on Sept. 26.

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20 from Dallas-Fort Worth on Forbes wealthiest list

There are 20 Dallas-Fort Worth residents listed among the 400 richest Americans, according to the Forbes 400 list of The Richest People in America 2014.

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Internal audit says EPA mismanaged Fort Worth project

FORT WORTH, Texas (AP) — An internal audit by the U.S. Environmental Protection Agency reveals the agency mismanaged an experiment using new ways to demolish asbestos-ridden buildings.

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Texas Wesleyan acquires two strip shopping centers on East Rosedale

Texas Wesleyan University has purchased two strip shopping centers on East Rosedale Street across from its Southeast Fort Worth campus, the university’s president said Friday.

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Chesapeake closes Mississippi Lime JV with Sinopec

A. Lee Graham

Reporter

Chesapeake Energy Corp. has completed its previously announced Mississippi Lime joint venture with Chinese oil company Sinopec International Petroleum Exploration and Production Corp.

Oklahoma City-based Chesapeake sold a 50 percent undivided interest in about 850,000 acres in northern Oklahoma for total consideration of $1.02 billion in cash, of which about 93 percent was received at closing.

“Chesapeake is pleased to have Sinopec as our partner in the Mississippi Lime play, and we look forward to efficiently developing and growing this asset for many years to come,” said Chesapeake CEO Doug Lawler in a news release.

Assets associated with the joint venture produced about 9,600 barrels of liquids and 54 million cubic feet of natural gas per day during first-quarter 2013. All future exploration and development costs in the joint venture will be shared proportionately between the parties.

As project operator, Chesapeake will conduct all leasing, drilling, completion, operations and marketing activities for the joint venture.

Serving as financial adviser to Chesapeake in the joint venture was Jefferies & Co. Inc.

Chesapeake Energy Corp., whose interests include the Barnett Shale in North Texas, develops unconventional natural gas and oil fields nationwide. More information is available at www.chk.com.

lgraham@bizpress.net


 

 

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