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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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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.
 

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What do you think of the new plans for a new Will Rogers arena and changes at the Convention Center?