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Dallas Fed's Fisher, Philadelphia Fed leaders to retire in 2015

WASHINGTON — The outspoken president of the Federal Reserve Bank of Philadelphia will step down in March, shortly before the central bank is expected to raise interest rates for the first time since the recession, the regional bank said Monday.

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Ex Rangers manager Washington apologizes for 'breaking wife's trust'

IRVING, Texas (AP) — Former Texas Rangers manager Ron Washington says he is embarrassed for 'breaking his wife's trust.'

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Troubled RadioShack files SEC form, talks with 'major vendor'

RadioShack Corp.’s latest filing with the U.S. Securities and Exchange Commission describes recent discussions that “could be beneficial to the financial restructuring of the company.”

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REIT plans demolition of Fort Worth's Westchester Plaza, mixed-use redevelopment

The developer is seeking a $3.8 million reimbursement from the Southside tax increment finance district.

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Road Show: City leaders prepare campaign to corral votes for $450 million arena

Fort Worth’s biggest backers of a new arena at the Will Rogers Memorial Center are leaving little to the chance of a “no” vote in a citywide election Nov. 4 to decide on new fees that would fund 15 percent of the $450 million project.

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Pain at the pump to ease slightly this summer

NEW YORK (CNNMoney) -- Drivers will get a slight break at the pump this summer, according to the latest forecast from the Energy Information Administration.

The agency's summer energy cost forecast estimates the average price for a gallon of regular gas will be about $3.63 a gallon, down from last year's average of $3.69 a gallon. More fuel efficient cars are expected to trim consumption by about 21,000 barrels a day, and help keep prices in check. So will increased North American oil production.

The summer driving season runs from April through September.

The most expensive driving season came in 2008, when the average price was $3.81. AAA reported the highest daily price on record -- $4.11 a gallon -- on July 17 that year.

Prices could even be cheaper next year, as the energy forecasts the full-year average price will fall to $3.39 a gallon in 2014 from its forecast of $3.56 for this year. The full-year price of $3.63 in 2012 was the highest annual average on record.

It won't all be good news for consumers this summer.

Higher prices for natural gas, sparked by an unusually cold March that drew down supplies, could lead to higher electric rates this summer. The national average for retail electric rates is forecast to be up about 3%, taking prices up to about 12.5 cents per kilowatt hour.

But the agency is also predicting a cooler summer, so consumers might get a break on the electric bill though the reduced use of air conditioning.

 

 

 

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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?