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RadioShack sees stock jump on investment report

Fort Worth-based RadioShack saw its stock increase as much as 45 percent on Friday as investor Standard General LP said it was continuing talks on new financing for the electronics retailer.

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Fort Worth couple gets in 'Shark Tank,' comes out with deal

A Fort Worth couple who started a business when they couldn’t sleep, were the first entrepreneurs to get a deal on ABC’s Shark Tank in the season premiere on Sept. 26.

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20 from Dallas-Fort Worth on Forbes wealthiest list

There are 20 Dallas-Fort Worth residents listed among the 400 richest Americans, according to the Forbes 400 list of The Richest People in America 2014.

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Internal audit says EPA mismanaged Fort Worth project

FORT WORTH, Texas (AP) — An internal audit by the U.S. Environmental Protection Agency reveals the agency mismanaged an experiment using new ways to demolish asbestos-ridden buildings.

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Texas Wesleyan acquires two strip shopping centers on East Rosedale

Texas Wesleyan University has purchased two strip shopping centers on East Rosedale Street across from its Southeast Fort Worth campus, the university’s president said Friday.

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BNSF plans $28M for improvements in Sweetwater for energy, agriculture

 

Fort Worth-based BNSF Railway Co. today announced it will develop a new BNSF Logistics Center in Sweetwater, designed to meet the needs of a growing energy industry in the area.
The new Logistics Center is designed to meet the growing supply chain requirements for energy-related commodities such as fracking sand, aggregate, pipe, clay, barite and other drilling materials in the Permian Basin and Cline Shale. The facility will also support the Texas agriculture industry. BNSF also plans to make improvements to an existing rail yard and mainline infrastructure at the rail center.


“BNSF’s $28 million capital investment in the new Sweetwater logistics facility is an investment in the rebirth of the energy industry in West Texas and of a retired, 75-acre BNSF rail yard,” said Dave Garin, BNSF group vice president industrial products in a news release. “Our objective with Sweetwater is to meet our customers’ expectations and offer expanded capacity where growth is occurring for energy and agriculture.”
BNSF will be working with Cape & Son, which is expanding operations to accommodate grain unit trains as part of the plan to improve agriculture transportation services. The project will realign some of the existing track to allow for loading grain unit trains.


The Sweetwater expansion will result in 40,000 feet of new tracks, upgrading of the Sweetwater Yard track and improving the branch line that serves Central Texas. The capital improvement is part of a r$4.3 billion network-wide investment for BNSF in 2013.
“The businesses in Sweetwater will gain better access to worldwide markets as BNSF brings new transportation solutions to our growing economy of manufacturing, energy and agricultural,” said Ken Becker, executive director of the Sweetwater Enterprise for Economic Development. “The new facility means that Sweetwater will serve as a transportation hub for the entire region as the new shales of play continue producing new wells with the bright future of an estimated 30 billion barrels of recoverable oil in this part of Texas.”
The improvements are expected to be completed before the end of summer 2014.
 

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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?