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UPDATE: Could American Airlines move its headquarters?

A key linchpin in the Fort Worth economy, American Airlines Group Inc., is considering sites for a new headquarters, possibly outside the city, the airline’s CEO said this morning.

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Great Women of Texas honored

The Fort Worth Business Press held the Great Women of Texas event Wednesday night at the Omni Fort Worth Hotel. Stacie McDavid of McDavid Investments was honored as the

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Clip art: Cutting edge barbershop creates a buzz in Fort Worth

Jonathan Morris is on a mission to create a better grooming experience for men.

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Grocers, retailers flocking to Southlake

With its economic development engine revving at full throttle, Southlake is about to welcome several major retail and commercial projects that underscore its image

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Great Woman of Texas; Stacie McDavid

“I’ve always been a maverick in a number of ways,” says businesswoman and philanthropist Stacie McDavid.

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New home sales surge to 5-year high

Emily Jane Fox

NEW YORK (CNNMoney) -- Sales of new homes jumped in June to a five-year high, despite the recent rise in mortgage rates.

New homes sold at an annual rate of 497,000 in June, up 8.3% from May, which was revised downward. June sales were well above the 483,000, that economists surveyed by Briefing.com were expecting,

It was the highest pace of sales since May 2008, when they reached 504,000.

Sales were 38% higher from the same period last year.

The report comes a day after the National Association of Realtors reported that sales of existing homes stumbled last month, which some experts called a possible side effect of rising mortgage rates lately.

The 30-year mortgage rate recently rose to its highest level in nearly two years to 4.51%.

The higher rates dragged down the pace of home building last month.

Record low mortgage rates, coupled with a drop in foreclosures, had helped boost the housing market over the past year. As a result, home sales, prices and construction had surged earlier this year.

But in the last 10 weeks, mortgage rates began a steady climb, raising the cost of buying a home. Rates, however, are still low by historical standards.

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Midterms
What was the message of the midterm elections?