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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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US seeks to delay American/US Airways-merger trial until March

DAVID KOENIG, AP Airlines Writer


DALLAS (AP) — The U.S. government wants to wait until March for a trial on its lawsuit aimed at blocking the merger of American Airlines and US Airways, a deal that would create the world's biggest airline.

The airlines want to start the trial in November. They had hoped to close the merger next month, but that was before the U.S. Justice Department and six states filed the antitrust case two weeks ago.

The Justice Department said in a court filing Tuesday that given the stakes in the merger, it needs until March 3 to develop evidence and prepare for trial. It accused the airlines of rushing the case.

The lawsuit is the last obstacle preventing American Airlines parent AMR Corp. from closing the merger and emerging from nearly two years of bankruptcy protection.

In a written statement, AMR and US Airways Group Inc. said that the government's request was slow and unreasonable after a Justice Department investigation that they say lasted 16 months. The carriers approached the Justice Department before the deal was publicly announced in February.

"Unnecessary delays also prevent American's financial stakeholders, which includes creditors, shareholders and employees, from realizing the benefits and improved certainty that will come from American's emergence from Chapter 11," they said.

The Justice Department said that the airlines shouldn't use the bankruptcy case to justify a quick trial on the antitrust lawsuit. It said that AMR and US Airways knew all along that that an antitrust challenge was possible.

Colleen Kollar-Kotelly, the federal judge in Washington, D.C., who is hearing the case, plans to hold a conference on the trial schedule Friday.

The Justice Department originally sought a Feb. 10 start, but pushed it back after the judge said she had a long criminal trial scheduled to begin Jan. 14.

The government argues that the merger will reduce competition and drive up the cost of travel for consumers. It would leave more than 80 percent of the U.S. travel market in control of four airlines, down from five.

On Monday, AMR reported a profit of $292 million for July. Excluding restructuring costs, it was the biggest one-month profit in the company's history, according to CEO Tom Horton. The Justice Department took note of that.

American's restructuring has been "extraordinarily successful," the department said, and the airline can "compete as a strong and vibrant standalone firm."

American and US Airways Group Inc. said that the merger would increase competition by creating "a stronger alternative to Delta, United, Southwest and others."

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