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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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BNSF plans $125M capital program in Washington
 
 
 
 
A. Lee Graham
Reporter
 
BNSF Railway Co. of Fort Worth plans to invest about $125 million on maintenance and rail capacity improvement and expansion projects in Washington state this year.
 
The company’s 2013 capacity enhancement projects in Washington include building two receiving and departure tracks nearly 7,000 feet long at its Delta yard in Everett and expanding BNSF’s automotive distribution facility at Orillia to support growth in new automobile traffic.
 
Meanwhile, the company is continuing a track maintenance program in Washington, which will include nearly 2,800 miles of track surfacing and undercutting work, as well as replacement of about 175 miles of rail and 110,000 railroad ties.
 
“BNSF’s capital investments in Washington will help ensure our network is prepared for growing demand for freight rail,” said chairman and CEO Matthew K. Rose, commenting in a news release.
 
“Given the importance of a low cost supply chain to the U.S. economy, our privately funded rail infrastructure is well positioned to help Washington compete in global markets,” Rose said.
 
The planned capital investments are part of BNSF’s record 2013 capital commitment of $4.3 billion. Comprising the largest component of that capital plan is $2.3 billion on BNSF's core network and related assets. The company also plans to spend about $1 billion on locomotive, freight car and other equipment acquisitions, many of which will serve Washington.
 
BNSF Railway operates on 32,500 route miles of track in 28 states and two Canadian provinces. More information is available at www.bnsf.com.
 
lgraham@bizpress.net

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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?