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Two from Fort Worth appointed by Gov. Abbott to university boards

Steve Hicks, a University of Texas System regent who has been a vocal opponent of regents who have criticized the system’s flagship campus in Austin, was reappointed to the board by Gov. Greg Abbott on Thursday. 

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Fort Worth draws closer to deal with Lancaster developer

City staff are planning to introduce the developer Feb. 3 at a meeting of the City Council's Housing and Economic Development Committee.

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Compass BBVA names Happel CEO for Fort Worth

BBVA Compass has appointed Brian Happel, most recently the Fort Worth city president, its chief executive officer of Fort Worth.

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Energy Transfer Partners, Regency Energy announce $18B merger

Energy Transfer Partners LP of Dallas and Regency Energy Partners LP have entered into a definitive merger agreement.

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Museum District: Area’s evolution creating more interaction, public spaces

Fifteen years ago if someone had shot a cannon from Fort Worth’s world-renowned museum district, nobody would have noticed, joked Lori Eklund, senior deputy director of the Amon Carter Museum of American Art. But that has changed.

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Tesla stock down after Model S fire

 

Peter Valdes-Dapena

NEW YORK (CNNMoney) -- Tesla's stock dropped 6% Wednesday following a negative analyst report and a fiery crash in one of the company's Model S sedans.

Stock analysts at Baird downgraded the stock to "neutral" on Tuesday which, along with some other negative reports, seemed to start the sell-off in the stock.

Then, in the late morning Wednesday, the auto Web site Jalopnik.com posted photographs from a reader showing a Tesla Model S on fire on roads near Seattle, Wash.

Tesla later issued a statement describing what happened.

"Yesterday, a Model S collided with a large metallic object in the middle of the road, causing significant damage to the vehicle," Tesla said.

Automatic alerts warned the driver to pull over, the statement said, and the fire began only after the driver was out of the vehicle. The fire eventually consumed much of the vehicle's front end.

"All indications are that the fire never entered the interior cabin of the car," Tesla said in its statement. "It was extinguished on-site by the fire department."

The Model S is a fully electric car with its battery pack housed in the floor of the vehicle. Tesla said the fire started when the metallic object directly hit one of the 16 modules within the Model S battery pack.

"Because each module within the battery pack is, by design, isolated by fire barriers to limit any potential damage, the fire in the battery pack was contained to a small section in the front of the vehicle," a spokeswoman said.

Tesla has made much of the outstanding safety of its cars, recently boasting that the Model S sedan would have gotten more than five stars in government crash tests if the scale had only gone that high. The car has also gotten rave reviews from magazines like Motor Trend, Automobile and Consumer Reports.

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