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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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Overland Sheepskin opening Sundance Square store in Fort Worth

The store is expected to open by the holidays, Sundance said.

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Texas Health Southwest breaks ground on $40M expansion

A $40 million expansion of Texas Health Harris Methodist Hospital Southwest Fort Worth is under way, with groundbreaking ceremonies held this week.

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Home health firm relocates to Ridglea from downtown

Southwest Home Health Services has leased new headquarters space in the Ridglea East Building in West Fort Worth, setting a plan in motion to relocate Oct. 1 from the downtown.

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Fort Worth tops in Texas for apartments, study finds

Fort Worth tops apartment markets statewide for the month of August 2014, according to research by Axiometrics Inc., a Dallas-based apartment market research and analysis firm.

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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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What do you think of the new plans for a new Will Rogers arena and changes at the Convention Center?