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Texas has old, new candidates to offer as presidential hopefuls

The Republican Party has long been riven between its establishment and conservative wings, a split that plays out every four years in the race for the White House.

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Two from Fort Worth appointed by Gov. Abbott to university boards

Steve Hicks, a University of Texas System regent who has been a vocal opponent of regents who have criticized the system’s flagship campus in Austin, was reappointed to the board by Gov. Greg Abbott on Thursday. 

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Fort Worth draws closer to deal with Lancaster developer

City staff are planning to introduce the developer Feb. 3 at a meeting of the City Council's Housing and Economic Development Committee.

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Compass BBVA names Happel CEO for Fort Worth

BBVA Compass has appointed Brian Happel, most recently the Fort Worth city president, its chief executive officer of Fort Worth.

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Two Fort Worth Baylor medical properties acquired

Baylor Surgical Hospital of Fort Worth and Baylor Surgical Hospital Integrated Medical Facility are among three facilities acquired by Carter Validus Mission Critical REIT II Inc.

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AT&T revenue up, profit down as costs rise in 2Q

PETER SVENSSON,AP Technology Writer


The surge in tablet usage, a trade-in promotion and a fee tacked onto bills helped boost AT&T's wireless revenue for the latest quarter, but profits declined as costs surged, the company said Tuesday.

AT&T's coffers were drained by smartphone sales, which it subsidizes in the hope of making money back over the life of two-year contracts. It set a second-quarter smartphone sales record, helped by a promotion that gave customers $100 off a new phone when trading in an old one.

Costs also rose due to investments AT&T is making to boost home broadband speeds.

AT&T Inc., the country's largest telecommunications company, said it earned $3.8 billion, or 71 cents per share, in the April-to-June period, compared with $3.9 billion, or 66 cents share, a year ago. The per-share figure rose despite the overall profit drop because AT&T has been buying back shares in addition to paying out its dividend.

Adjusted for a one-time gain of 4 cents for the sale of shares in Mexico's America Movil, the latest earnings were 67 cents per share, 1 cent below the analysts' forecast, according to FactSet.

AT&T's revenue was $32.1 billion, up 1.6 percent from a year ago and well above Wall Street's estimate of $31.8 billion.

AT&T shares fell 31 cents to $35.50 in extended trading, after the release of the results.

The Dallas-based company added 551,000 wireless devices to its contract-based plans, which are the most lucrative. That was the highest second-quarter figure in two years. However, all but 153,000 of the new devices were tablets, which carry lower monthly fees than phones.

AT&T ended the quarter with a direct billing relationship for 71.3 million devices on its network. It's the second-largest cellphone company in the U.S. after Verizon Wireless.

AT&T added a "Mobility Administrative Fee" of 61 cents to all its contract-based phone bills starting May 1. Effectively a price increase, the fee is similar to other fees phone companies tack on to their bills for "cost recovery."

The quarter marked the end of an era: AT&T stopped reporting the number of iPhones it activated in the quarter. It's a figure the company has trumpeted proudly to investors in previous quarters, because iPhone users spent more than average on wireless service. The company introduced the iPhone to the world and had the exclusive right to sell it in the U.S. for three years. As recently as the first quarter of this year, iPhones accounted for 80 percent of the smartphones activated on AT&T, despite a vow by its CEO to emphasize competing smartphones.

AT&T's head of investor relations, Susan Johnson, said the company stopped reporting its iPhone activations because it now has a broad portfolio of smartphones, including Android phones and Windows Phones.

The change comes as AT&T's long-time partner, Apple Inc., sees its overwhelming success wane. On Tuesday it reported the second straight quarter of declining profits, as competitors eat into its iPhone and iPad franchises.
 

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