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Mixed-use complex at Fort Worth TRE parking lot could cost $60 million

A design panel proposes two buildings on Trinity Railway Express lot on Near Southside, with a mix of apartments, retail, office and parking, and frontage on West Vickery and views across I-30 and overlooking downtown.

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TCU's Neeley School receives $30M donation as part of planned expansion

A $30 million foundation gift to Texas Christian University will help guide a $100 million facility expansion for the Neeley School of Business.

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Sundance Square prepares for time in college football spotlight

ESPN is bringing its College GameDay broadcast to Sundance Square to open and close the college football season this year.

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Fort Worth-area human resource awards seeks nominations

The Fort Worth Human Resource Management Association (FWHRMA) has announced their inaugural Human Resource Professional of the Year Award.

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Neece Brown named interim president of Arts Council of Fort Worth

Cathy Neece Brown has been named interim president of The Arts Council of Fort Worth, replacing Jody Ulich, who will depart this month to become the director of Convention and Cultural Services in Sacramento, Calif.

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What shutdown? Lockheed Martin soars

Ben Rooney

NEW YORK (CNNMoney) -- Lockheed Martin doesn't seem to be feeling the effects of the government shutdown.

The defense company and top government contractor said Tuesday that earnings jumped 16% to $2.57 per share in the third quarter. Analysts had forecast earnings of $2.26 per share, according to Thomson Reuters.

The results sent Lockheed shares up 3% in early trading. Shares of rival aerospace and defense company Boeing, which reports results Wednesday, were also higher.

Another company with big government contracts, United Technologie, also reported better-than-anticipated results on Tuesday. Its stock rose on the news as well.

Shares of defense contractors were among the hardest hit during the government shutdown. Lockheed and United Technologies each announced furloughs of some employees as a result of the shutdown.

Looking ahead, Lockheed now expects to earn between $9.40 and $9.70 per share in 2013, up from a previous estimate of between $9.20 and $9.50 per share.

However, Lockheed said sales were down 4% in the third quarter. The company has been hit by recent cuts in defense spending.

The outlook for 2014 is also less optimistic. Lockheed expects sales to decline a bit next year, although margins should hold steady.

The company's outlook is based on three assumptions: the government continues to fund the "key programs" where Lockheed has contracts, that Congress passes a budget "on a timely basis," and that forced cuts in federal spending known as "sequestration" are not worse than expected.

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