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Dee Lincoln bringing restaurant to Fort Worth's Museum Place

Dee Lincoln is bringing her restaurant to Fort Worth’s Museum Place project. The 5,300-square-foot restaurant, at 3280 W. Seventh St., is expected to open in the first quarter of

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Former RadioShack CEO caught in protest over ousted leader at Market Basket

Employees protest over many things: higher wages, better benefits, safer working conditions in their jobs. What's far more unusual, if not unprecedented, is to see workers, organized by senior managers, stage a rebellion to help their CEO get his job back.

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UT Arlington Army ROTC officer named nation's top military science professor

The U.S. Army Cadet Command has named Lt. Col. Lora A. Rimmer, Commander of the Army ROTC “Maverick Battalion” at University of Texas at Arlington, the nation’s Professor of Military Science of the Year.

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Fort Worth Hilton owners acquire Ashton Hotel

The Ashton Hotel, a historic boutique hotel in downtown Fort Worth, has been sold to a new owner.

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Cash America CEO to retire in April 2015

Daniel R. Feehan, president and chief executive officer of Fort Worth-based Cash America International Inc., said July 23 he will retire on April 30, 2015.

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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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Training Camp
Training camp is starting this week. How will the Dallas Cowboys do this season?