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Fresh Ebola fears hit airline stocks

DALLAS (AP) — News that a nurse diagnosed with Ebola flew on a plane full of passengers raised fear among airline investors that the scare over the virus could cause travelers to avoid flying.

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Landscape architect behind several TCU landmarks acquired

The Dallas design firm behind several Texas Christian University projects, as well as Globe Life Park in Arlington and AT&T Stadium, has been acquired by Rvi Planning + Landscape Architecture.

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Fort Worth launching Stockyards design task force

The task force, to be chaired by the Fort Worth architect Eric Hahnfeld, would be responsible for confirming the boundaries of the city's planned Stockyards design district and reviewing the work of a consultant.

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GE rises most in year with equipment order increases, including at Fort Worth locomotive unit

NEW YORK — General Electric Co. beat analysts' profit estimates in the third quarter as Chief Executive Officer Jeffrey Immelt squeezed more costs from the manufacturing units.

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Social House Fort Worth plans to open mid-November

Social House has leased 5,045 square feet at 2801-2873 W Seventh St. in Fort Worth, according to Xceligent Inc.

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Pemex to form company to explore for oil in US

 

MEXICO CITY (AP) — Mexico's state-owned oil company says it will form a new entity to explore and produce shale gas and deep-water oil in U.S. territory.

The plan will help Petroleos Mexicanos, known as Pemex, acquire drilling techniques it now lacks for complicated terrain in Mexico, chief executive Emilio Lozoya said in an interview with the Wall Street Journal.

Pemex confirmed the plan Monday.

"The geology is similar and we can benefit from numerous areas of collaboration with international oil companies," Lozoya said.

Pemex has so far been unable to exploit its shale and deep-water reserves, and the Mexican constitution limits its ability to hire outside expertise in Mexico. The government has proposed allowing Pemex to enter profit-sharing contracts with private companies and let outside companies refine and transport oil inside the country.

That would require politically controversial changes to the constitution, which states that Mexico's oil belongs to the state.

Mexico's largest leftist party is leading opposition to opening up Pemex to more private investment as a way to reverse its declining production.

On Monday, the Democratic Revolution Party, or PRD, presented its own plan to fix the ailing, outdated oil company without constitutional changes or a greater role for private companies.

Instead, the PRD is proposing to loosen the government's stranglehold over revenues from Pemex, where 70 percent of profits go to fund the federal budget.

Party founder and former presidential candidate Cuauhtemoc Cardenas also said Pemex should be made more indepedent by removing Cabinet secretaries and the oil workers union from the Pemex board seats they now hold.

Cardenas is the son of the late President Lazaro Cardenas, who nationalized the oil industry in 1938.

Mexico's oil production has dropped by about one-quarter over the last decade.
 

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