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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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Oil rises above $107 after US crude supplies dip 


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PAMELA SAMPSON, AP Business Writer

BANGKOK (AP) — The price of oil rose above $107 per barrel Thursday after U.S. crude supplies fell in a possible sign of stronger demand.

Benchmark crude for September delivery was up 45 cents to $107.30 a barrel at midday Bangkok time in electronic trading on the New York Mercantile Exchange. The contract rose 2 cents to close at $106.85 on Wednesday.

The latest supply reports showed a drop in U.S. crude inventories. The American Petroleum Institute said supplies dropped by nearly 1 million barrels to 365.3 million barrels for the week ending Aug. 9. The U.S. Energy Department said crude oil supplies fell by 2.8 million barrels, about double what analysts expected.

The dollar also fell against the yen and the euro, a move that supports oil prices. Crude, traded in dollars, becomes a more attractive investment for holders of other currencies when the dollar falls.

Brent crude, traded on the ICE Futures exchange in London, rose 41 cents to $109.23 a barrel.

In other energy futures trading on Nymex:

— Heating oil rose 0.8 cent at $3.056 a gallon.

— Wholesale gasoline rose 0.8 cent to $2.856 a gallon.

— Natural gas fell 0.8 cent to $3.335 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?