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Obama calls for offshore drilling in Southeast

WASHINGTON — The Obama administration on Tuesday outlined a politically fraught plan for allowing oil and gas drilling offshore along parts of the Atlantic coast while imposing new restrictions on environmentally fragile waters off northern Alaska.

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Alliance's Hillwood Commons lands first tenant

A large title insurance, property valuation and settlement services company is the first tenant at Hillwood Commons I, an office complex at Alliance Town Center.

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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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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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American Airlines' first 787 Dreamliner arrives at D/FW

American is preparing the plane to begin service sometime in the second quarter.

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Southwest: Airline merger could open up gates in D.C.

 

DAVID KOENIG, AP Airlines Writer


DALLAS (AP) — The CEO of Southwest Airlines Co. is "reasonably confident" that American and US Airways will eventually merge, and he wants some of their takeoff and landing rights at Reagan National Airport outside Washington.

Southwest might have to fight JetBlue for those rights.

The U.S. Justice Department is suing to block the merger, saying that it would restrict competition and drive up consumer prices. It says US Airways and American would control 69 percent of the flights at Reagan National, which is just a Metro ride from downtown Washington, the Capitol, and the region's suburbs.

A trial on the government's lawsuit is scheduled for Nov. 25, but the airlines aren't ruling out a negotiated settlement.

On Thursday, analysts asked CEO Gary Kelly whether Southwest would be interested if American and US Airways are forced to give up Reagan takeoff and landing rights, called slots.

"Absolutely," Kelly said, "and I wouldn't restrict it just to Reagan. We would be interested in more slots at LaGuardia (in New York) as well."

Kelly added, "I can't imagine that the merger goes forward without requiring divestiture. ... Obviously, the Justice Department seems to agree." The CEO said he had no inside information about the situation but based his comments on antitrust law, the government's lawsuit and the number of "slots that are hoarded — at Reagan in particular."

Representatives of US Airways and American declined to comment.

Testifying before Congress this summer, US Airways Group Inc. CEO Doug Parker was adamant that the two airlines shouldn't have to give up any slots. Tom Horton, the CEO of American parent AMR Corp., said recently that the companies are open to a reasonable settlement that lets the merger take place, but he declined to discuss specifics such as slots.

Last month, JetBlue Airways Corp. CEO Dave Barger said the merged airline should give up all of American's flights at Reagan while keeping US Airways' current slots.
 

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