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26-story mixed-use tower planned at Taylor & Fifth in downtown Fort Worth

Jetta Operating Co., a 24-year-old privately held oil and gas company in Fort Worth, and a related entity plan a 26-story mixed-use tower downtown at Taylor and Fifth streets on a site once owned by the Star-Telegram.

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UPDATE: Six candidates file for two Water Board seats

Six candidates have filed for the two open seats on the Tarrant Regional Water Board, setting up a battle that could potentially shift the balance of power on the board and the priorities of one of the largest water districts in Texas.

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Fort Worth breaks ground on $8.6 million South Main renovation

Fort Worth Near Southsiders and city officials broke ground Monday on the 18-month rebuild of South Main Street between Vickery Boulevard and West Magnolia Avenue.

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Fort Worth Chamber names Small Business of the Year winners

A trampoline recreation business; an oilfield services company; a longtime aviation maintenance firm; a maker of electrical wiring harnesses. Those were the wide variety of businesses that received the 2015 Small Business of the Year Award from the Fort Worth Chamber of Commerce.

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Body-camera maker has financial ties to former Fort Worth police chief, others

IOWA CITY, Iowa (AP) — Taser International, the stun-gun maker emerging as a leading supplier of body cameras for police, has cultivated financial ties to police chiefs whose departments have bought the recording devices, raising a host of conflict-of-interest questions.

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American Airlines posts $220M profit
 
JOSHUA FREED, AP Airlines Writer
 
American Airlines Inc. aims to come roaring back out of bankruptcy protection.
 
It's boosting the amount of flying time it will do this year, and it posted a $220 million profit for the quarter that ended June 30.
 
CEO Tom Horton said in an interview that the airline is still on track to merge with US Airways Group Inc. by the end of September.

It's the first time in six years that American has reported a profit during the April-June quarter. During the same period last year, it lost $241 million, mostly because of bankruptcy related expenses.

Revenue was steady at about $6.45 billion.

AMR Corp., the carrier’s Fort Worth-based parent company, has been operating under bankruptcy protection since late 2011. It has cut the size of its workforce, reduced pay for those who remain, and slashed other expenses. Spending for wages was 18 percent lower than a year ago. Fuel expenses fell 3 percent as the price of fuel dropped. The number of workers fell by almost 7 percent from a year earlier, to 73,000.

American says it will expand flying capacity 1.5 percent this year, not counting increases from the merger with US Airways. The 2013 increase includes a 2.7 percent jump in the third quarter. The latest increase is because of longer average flights, and new flights — or bigger planes — on routes to South Korea, Mexico, and Central and South America.

Other big U.S. airlines have been cautious about growth, with Delta shrinking through the first half of this year. United may shrink almost 2 percent this year.

American's growth plans are "still pretty modest and still in line with the growth opportunities here in the U.S. and around the world," Horton said.

The most recent quarter included $137 million in bankruptcy expenses and special items. Without those it would have earned $357 million.

American said it is making progress in adding a coach section of seats with more legroom, for which it will charge extra. The changes have been made on nearly all of the mainline planes it uses for domestic flights, except for about 5 percent of its Boeing 737s.

Horton said he'll be going to Hamburg, Germany, this week, to take delivery of American's first new Airbus A319. It will be the first time American will have Airbus planes since retiring its last A300 in 2009.

 

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