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Ebby Halliday acquires Fort Worth’s Williams Trew

Williams Trew Real Estate of Fort Worth has been acquired by Dallas-based residential real estate brokerage Ebby Halliday Real Estate Inc.

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Meridian Bank Texas parent acquired by UMB Financial for $182.5M

Kansas City, Mo.-based UMB Financial Corp., the parent company of UMB Bank, said Dec. 15 it has signed a definitive agreement to acquire Marquette Financial Companies in an all-stock transaction.

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T&P Warehouse: Historic building remains in limbo as area redevelops

For years, the historic T&P Warehouse on West Lancaster Avenue downtown, built in 1931 to house freight for the Texas Pacific Railway, has sat vacant and deteriorating.

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Cousins Properties to sell 777 Main tower in downtown Fort Worth

Cousins Properties Inc. has confirmed plans to sell the 777 Main office tower in downtown Fort Worth, according to a news release from the Atlanta-based real estate investment firm.

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Glen Garden sale closes, distillery on tap

Firestone & Robertson Distilling Co. closed late Wednesday on its purchase of the historic Glen Garden Country Club in southeast Fort Worth, with plans to convert it into a whiskey distillery and bucolic visitor attraction.

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Senate passes bill to avert helium shortage
 


MATTHEW DALY, Associated Press

WASHINGTON (AP) — Break out the balloons.

Congress moved a step closer Thursday to averting an impending shutdown of the federal helium reserve, a key supplier of the lighter-than-air gas used in a products ranging from party balloons to MRI machines.

The Federal Helium Program, which provides about 42 percent of the nation's helium from a storage site near Amarillo, Texas, is set to shut down Oct. 7 unless lawmakers intervene. The shutdown is a result of a 1996 law requiring the reserve to pay off a $1.3 billion debt by selling its helium.

The debt is paid, but billions of cubic feet of helium remain. Closing the reserve would cause a worldwide helium shortage — an outcome lawmakers from both parties hope to avoid.

The Senate approved a bill Thursday, 97-2, to continue the helium program, following action in the House this spring.

Preserving access to the federal helium supply "prevents a shock to the health care sector and other critical industries that depend on helium," Sen. Ron Wyden, D-Ore., chairman of the Senate Energy Committee, said. "Protecting America's manufacturing base, its research capabilities, its health care system and its national security by temporarily extending the life of the (federal) helium program is just common sense."

Rep. Mike Simpson, R-Idaho, said thousands of high-tech manufacturing jobs in the United States depend on a reliable supply of helium.

If the federal government stops selling helium to private entities, "a significant delay might not just slow the production of computer chips, but the computers, life-saving medical devices and weapons systems that they power," Simpson said.

Micron Technology, a Boise-based semiconductor manufacturer, is among companies that depend on helium, Simpson said. The computer chip industry employs a quarter-million people nationwide, Simpson said.

The Senate bill approved Thursday differs slightly from a bill approved in the House in April. President Barack Obama favors the Senate version.

A statement by the White House called helium an essential resource for the aerospace industry and production of computer chips and optical fiber, as well as medical uses including MRI machines and medical lasers. Helium also is used in national defense applications such as rocket engine testing and purging, surveillance devices and scientific balloons.

"The impending abrupt shutdown of this program would cause a spike in helium prices that would harm many U.S. industries and disrupt national security programs,'" the White House said.

 

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