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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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Former Chesapeake CEO McClendon launches new company, report says
A. Lee Graham

Reporter

Former Chesapeake Energy Corp. CEO Aubrey McClendon is back — and apparently pinning his hopes on a different shale play than North Texas’ Barnett Shale.

According to CNBC.com, the outspoken executive is set to close on $1.8 billion in equity and debt financing for a new exploration and production company called American Energy Utica, news that CNBC said it received from investors in the company.

The new company is expected to purchase and develop acreage in the southern Utica Shale area, located in the northeastern United States and known for abundant natural gas and natural gas liquids.

According to the CNBC story, the new company is expected to close on the purchase of 80,000 acres in the Utica Shale in three transactions. With $1.35 billion in equity, along with $450 million in debt that CNBC said has been raised, about 12 rigs are expected to reach operation within two to three years.

lgraham@bizpress.net

 

 

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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?