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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 dips below $103 as diplomacy on Syria advances

PAMELA SAMPSON, AP Business Writer

BANGKOK (AP) — Oil prices fell Friday, a day after the U.N. Security Council made progress in the quest to get Syria to relinquish its chemical weapons.

Benchmark oil for November delivery fell 34 cents to $102.69 per barrel at midday Bangkok time in electronic trading on the New York Mercantile Exchange.

The council's five permanent members on Thursday agreed to a resolution calling for Syria to get rid of its chemical weapons. That helped ease fears of an escalation in Syria's civil war since the U.S. has been threatening to attack Syria in retaliation for what Washington says was a chemical gas attack by forces loyal to President Bashar Assad against civilians in suburban Damascus.

The prospect of an attack, and the potential for a disruption in oil supply routes, caused oil prices to spike in recent weeks. Prices have gradually fallen in recent days as diplomacy over Syria advanced. The progress at the U.N. on Thursday maintained the downward trend on the price of oil, said Ken Hasegawa, energy analyst at Newedge Brokerage in Tokyo.

Upbeat news about the U.S. economy pushed prices higher Thursday. The contract for benchmark crude gained 37 cents Thursday to close at $103.03 a barrel on the New York Mercantile Exchange. Oil had dropped $5.41, or 5 percent, over the five previous trading sessions.

Oil prices rose as data showed that the number of Americans seeking unemployment benefits fell 5,000 last week to a seasonally adjusted 305,000, the second-lowest level in six years. The U.S. economy, meanwhile, was confirmed to have grown an annualized 2.5 percent in the April-June period.

Brent crude, the benchmark for international crudes used by many U.S. refineries, fell 13 cents to $109.08 a barrel on the ICE Futures exchange in London.

In other energy futures trading on Nymex:

— Wholesale gasoline rose 1.6 cents to $2.6903 per gallon.

— Natural gas rose marginally to $3.57 per 1,000 cubic feet.

— Heating oil fell less than 0.1 cent to $2.9927 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?