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Dallas Fed's Fisher, Philadelphia Fed leaders to retire in 2015

WASHINGTON — The outspoken president of the Federal Reserve Bank of Philadelphia will step down in March, shortly before the central bank is expected to raise interest rates for the first time since the recession, the regional bank said Monday.

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Ex Rangers manager Washington apologizes for 'breaking wife's trust'

IRVING, Texas (AP) — Former Texas Rangers manager Ron Washington says he is embarrassed for 'breaking his wife's trust.'

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Troubled RadioShack files SEC form, talks with 'major vendor'

RadioShack Corp.’s latest filing with the U.S. Securities and Exchange Commission describes recent discussions that “could be beneficial to the financial restructuring of the company.”

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REIT plans demolition of Fort Worth's Westchester Plaza, mixed-use redevelopment

The developer is seeking a $3.8 million reimbursement from the Southside tax increment finance district.

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Road Show: City leaders prepare campaign to corral votes for $450 million arena

Fort Worth’s biggest backers of a new arena at the Will Rogers Memorial Center are leaving little to the chance of a “no” vote in a citywide election Nov. 4 to decide on new fees that would fund 15 percent of the $450 million project.

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Oil price rises toward $105 as supplies drop 

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PAMELA SAMPSON, AP Business Writer

 

BANGKOK (AP) — A drop in oil supplies and positive Chinese trade figures helped boost the price of oil on Thursday.

Benchmark crude for September delivery was up 10 cents to $104.47 per barrel at midday Bangkok time in electronic trading on the New York Mercantile Exchange. The contract dropped 93 cents to close at $104.37 a barrel on the Nymex on Wednesday.

China's exports and imports both increased last month, beating expectations and representing a strong recovery from June's slump. That suggested growth in the world's No. 2 economy might eventually pick up following months of sluggishness.

Separately, U.S. oil inventories fell by nearly 3.7 million barrels to 366.3 million barrels for the week ending Aug. 2, according to the American Petroleum Institute. Analysts were expecting a drop of 2 million barrels, according to Platts, the energy information arm of McGraw-Hill.

On Wednesday, the U.S. government reported a smaller decline. The Energy Information Agency said crude supplies fell 1.3 million barrels last week.

Brent crude, traded on the ICE Futures exchange in London, fell 8 cents to $107.36 a barrel.

In other energy futures trading on Nymex:

— Heating oil fell 0.1 cent to $2.964 a gallon.

— Natural gas fell 1.2 cents to $3.235 per 1,000 cubic feet.

— Wholesale gasoline rose 0.2 cents to $2.873 a gallon.

 

 

 

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