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Moves by Jeb Bush add to talk of 2016 candidacy

WASHINGTON — Jeb Bush's decision to release a policy-laden e-book and all his emails from his time as governor of Florida has further stoked expectations among his allies that he will launch a presidential bid.

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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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Taking the Cake: Sundance had pursued Cheesecake Factory for many years

The Cheesecake Factory had been on the white board over at Sundance Square management for some time

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Fort Worth businessman to lead Abbott, Patrick inauguration efforts

Fort Worth businessman Ardon Moore will chair the committee running inauguration festivities for Gov.-elect Greg Abbott and Lt. Gov.-elect Dan Patrick in January, it was announced on Friday.   Moore, president of Lee M. Bass Inc. in Fort Worth, is a vice chairman of the University of Texas Investment

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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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National Oilwell Varco considers spinoff

 

HOUSTON (AP) — National Oilwell Varco Inc. said Tuesday that it is exploring a plan to spin off its distribution business to its shareholders as a separate, publicly-traded company.

The new company would provide maintenance, repair and operating supplies to energy and industrial companies.

The spinoff is expected to be finished in the first half of next year. It's subject to market conditions, regulatory approvals, and final board approval. The spinoff does not need shareholder approval, the company said.

After two acquisitions last year, the distribution business "now has the market size and scale to operate as a standalone, world class distribution company," said Chairman and CEO Pete Miller in a statement. He said the standalone distribution group would have 415 locations and operations in 26 countries. The units involved in the spin off would represent about 85 percent of the revenue of NOV's distribution and transmission segment for the six months ended June 30, the company said. That would amount to about $1.64 billion, based on the company's second-quarter report.

"As separate companies, the distribution business and the remainder of NOV will each be better positioned and have the enhanced operational flexibility to focus on their specific products, services and customers," he said.

National Oilwell Varco designs, builds, and sells equipment and components for oil and gas drilling and production, and also provides oilfield services and supply chain services to the oil and gas industry.

Its shares rose $1.99, or 2.5 percent, to $80.50 in premarket trading. The stock closed Monday at $78.50, up about 15 percent since the start of the year.
 

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Did the College Football Playoff Committee get it right?