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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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European watchdog approves US Airways, AMR merger

 

AMSTERDAM (AP) — European authorities have cleared US Airways Group Inc.'s proposed merger with American Airlines' parent company, AMR Corp. — on the condition that they give up one slot at London's Heathrow airport and take steps to foster competition on the London-Philadelphia route.

The merger and restructuring plan, which would create the world's biggest airline, must still be approved by a U.S. federal judge before AMR can emerge from bankruptcy, with a hearing expected Aug. 15.

Meanwhile, the U.S. Department of Justice is still reviewing the deal amid complaints that it could lead to reduced competition and higher fares in the U.S.

Joaquin Almunia, the top competition official at the European Commission, the EU's executive branch, said in a statement that the Philadelphia route would have been monopolized without concessions agreed to provisionally by the two airlines.

"On all other transatlantic routes affected by the merger the combined entity will continue to face competition from other strong competitors," including groups led by Delta, United, and Virgin, he said.

European approval for the deal has long been expected, but in the U.S. the situation may be more complicated, despite approval for the deal last week by US Airways shareholders.

In addition to the Justice Department, a number of states have asked for insight into the deal's details, presumably to ensure that hubs and routes touching their regional interests are being preserved.

The companies have said they expect to close the deal by the end of September.
 

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