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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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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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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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Weatherford's Wild Mushroom to open in Fort Worth's Ridglea Village

Weatherford restaurant staple The Wild Mushroom Steak House & Lounge will be coming to Fort Worth in November, moving into the former site of Ray’s Steakhouse at to 3206 Winthrop Ave. in the Ridglea Village Shopping Center.

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Oil falls to near $106 ahead of Europe growth data
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PAMELA SAMPSON, AP Business Writer

 

BANGKOK (AP) — The price of oil fell Wednesday as traders waited for European growth figures that might show the continent has emerged from a long recession.

Benchmark crude for September delivery was down 63 cents to $106.20 per barrel at midday Bangkok time in electronic trading on the New York Mercantile Exchange. The contract rose 72 cents to close at $106.83 on Tuesday.

A relatively stronger dollar also worked against oil prices. Oil is traded in dollars and becomes a less attractive investment for holders of other currencies when the value of the greenback rises.

In recent days, the dollar has posted gains against the Japanese yen, the Swiss franc, and the currencies of commodity-driven countries including Australia and Canada, said Michael Hewson, senior market analyst at CMC Markets. That could partly explain the falling price of oil in the face of brighter economic data from Europe and the U.S.

The U.S. government reported slightly improved retail sales for July on Tuesday, while Germany said its ZEW investor confidence survey improved in August. There are hopes second quarter GDP figures due later Wednesday will show that the combined economy of the 17 countries that use the euro has started growing again.

Brent crude, traded on the ICE Futures exchange in London, fell 67 cents to $107.81 a barrel.

In other energy futures trading on Nymex:

— Heating oil fell 1.4 cents to $3.034 a gallon.

— Wholesale gasoline fell 1.2 cents to $2.808 a gallon.

— Natural gas rose 1.2 cents to $3.297 per 1,000 cubic feet.

 

 

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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?