Join The Discussion

 

Group buys former Armour meatpacking site in Stockyards

The 16.8-acre site of the historic, former Armour meatpacking plant in Fort Worth’s Stockyards has changed hands, and its new owners aren’t saying anything about their plans. Chesapeake Land Development Co., which bought the site

read more >

Hulen Pointe Shopping Center sold

Hulen Pointe Shopping Center, located in southwest Fort Worth on South Hulen Street one mile south of Hulen Mall, has been purchased by Addison-based Bo Avery with TriMarsh Properties for an undisclosed price.

read more >

Dallas-Fort Worth in top five commercial real estate markets in 2015

According to the Emerging Trends in Real Estate 2015 report, just co-published by PwC US and the Urban Land Institute (ULI), Dallas-Fort Worth ranks No. 5, with two other Texas cities, Houston and Austin ranking at No. 1 and 2 respectively. San Francisco ranks No. 3 and Denver No. 4.

read more >

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.

read more >

Fort Worth temporarily stops issuing new home permits in TCU area

The moratorium will give a committee and the City Council time to review a proposed overlay that will pare the number of permissible unrelated adults living in the same house.

read more >

Airlines seek Nov. court date for merger lawsuit

DAVID KOENIG, AP Airlines Writer


DALLAS (AP) — American Airlines and US Airways want a trial in the government's lawsuit against their proposed merger to start in November, three months sooner than the date picked by federal officials.

The airlines estimated that the trial would last 10 days, meaning that even if they win, the merger won't close until late this year.

American parent AMR Corp. had hoped to complete the merger and come out of bankruptcy protection in September. It said in a court filing Thursday that the delay is costing AMR $500,000 a day in professional fees such as lawyers' bills for its bankruptcy case.

The merger was steaming toward final approval this month until the U.S. Justice Department and six states threw up a roadblock. They filed a lawsuit in federal district court in Washington, D.C., to stop the merger, saying it will reduce competition and lead to higher fares and extra fees for consumers. The Justice Department favors a trial starting no sooner than Feb. 10.

The case might never get to trial. The airlines are likely to keep trying to negotiate a settlement that would require concessions — at a minimum, giving up takeoff and landing slots at Reagan National Airport outside Washington — but allow the merger to go ahead. Publicly, however, both sides have sounded as if they're ready to fight, not talk.

US Airways Group Inc. CEO Doug Parker, who would run the combined company, said in a message to employees Thursday, "We are eager to get to court so that we can make our case and explain exactly how this merger enhances competition across the US and the globe."

Parker and AMR CEO Tom Horton argue that their merger would help consumers by creating a third giant airline roughly the size of United and Delta. The Justice Department argues that it will hurt competition by leaving just four airlines — United, Delta, Southwest and the post-merger American — controlling more than 80 percent of the U.S. air-travel market.

The airlines asked the court for a Nov. 12 trial. The Justice Department hasn't yet requested a date.
 

< back

Email   email
hide
Ebola
How worried are you about Ebola spreading?