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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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20 from Dallas-Fort Worth on Forbes wealthiest list

There are 20 Dallas-Fort Worth residents listed among the 400 richest Americans, according to the Forbes 400 list of The Richest People in America 2014.

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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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Texas Wesleyan acquires two strip shopping centers on East Rosedale

Texas Wesleyan University has purchased two strip shopping centers on East Rosedale Street across from its Southeast Fort Worth campus, the university’s president said Friday.

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Oil falls after US-Russia deal on Syria weapons

PAMELA SAMPSON, AP Business Writer

 

BANGKOK (AP) — The price of oil fell Monday after the U.S. and Russia reached an agreement on getting Syria to give up its chemical weapons.

Benchmark oil for October delivery was down 81 cents to $107.40 per barrel at midday Bangkok time in electronic trading on the New York Mercantile Exchange. The contract fell 39 cents to close at $108.21 on Friday.

American and Russian chemical weapons experts met in Geneva to hammer out a plan for getting Syria to turn over its chemical weapons arsenal. Under the agreement, Syria would provide an inventory of its chemical arsenal within one week and hand over all of the components of its program by mid-2014.

"For now, the peaceful conclusion to the Syrian situation is on the way and I think that we'll continue to see oil subdued in the short term," said Stan Shamu, market strategist at IG in Melbourne, Australia.

The U.S. had threatened military action against the regime of President Bashar Assad after his forces allegedly attacked civilians in a rebel-held Damascus suburb with chemical weapons. But the Obama administration, failing to win widespread support for intervention in Syria, opted to work on a diplomatic solution with Russia, a key Syrian ally. There has been no official statement from the Syrian government on the deal.

Syria is not a major oil producer, but oil traders say the possibility of a wider conflict could interrupt production and shipping routes in the Middle East and cause prices to rise. In recent days, oil prices have risen and receded in accordance with the perceived likelihood of a U.S. military attack.

The November Brent contract, the benchmark for international crudes, fell 84 cents to $110.86 a barrel on the ICE Futures exchange in London.

In other energy futures trading on Nymex:

— Wholesale gasoline fell 2.9 cents to $2.728 per gallon.

— Natural gas rose 0.5 cent to $3.683 per 1,000 cubic feet.

— Heating oil fell 2.5 cents to $3.088 per gallon.

 

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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?