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UPDATE: Could American Airlines move its headquarters?

A key linchpin in the Fort Worth economy, American Airlines Group Inc., is considering sites for a new headquarters, possibly outside the city, the airline’s CEO said this morning.

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Clip art: Cutting edge barbershop creates a buzz in Fort Worth

Jonathan Morris is on a mission to create a better grooming experience for men.

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Grocers, retailers flocking to Southlake

With its economic development engine revving at full throttle, Southlake is about to welcome several major retail and commercial projects that underscore its image

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Great Woman of Texas; Stacie McDavid

“I’ve always been a maverick in a number of ways,” says businesswoman and philanthropist Stacie McDavid.

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It's Christmas tree time in the city of Fort Worth

Sundance Square will kick off the holidays with the lighting of the Christmas on Nov. 22 featuring a visit from a resident of the North Pole, musical and theatrical entertainment, as well as photo opportunities throughout the plaza.

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Alcon to lose about 120 research jobs in Novartis consolidation
By Bill Bowen
Novartis said it will consolidate its pharmaceutical eye-disease research projects in Cambridge, Mass., moving about 120 jobs out of Alcon Labs in Fort Worth that are part of the Novartis Institutes for BioMedical Research.
The move reflects a new strategic direction for the pharmaceutical company’s glaucoma and ocular inflammation research effort and still leaves about 950 jobs in the Alcon Research and Development operations in Fort Worth.
Cambridge is also the headquarters for the Novartis Institutes for BioMedical Research and the shift puts the entire effort in one spot, according to company officials.
“That’s where NIBR’s headquarters is and the NIBR drug discovery will be together,” said Alcon spokesman Dave Jackson said. Novartis has about 1,600 scientists in Cambridge, Jackson said.
The Alcon operations that remain are part of the Alcon Research and Development, which focuses on drug and device research and development will continue to operate with a full workforce, the company said.
Novartis, based in Basel, Switzerland, finished its acquisition of Nestle’s stake in Alcon in 2011 and the Novartis research unit has been based in Fort Worth for the past two years, Jackson said. Novartis has 119,000 employees and operates in 140 countries. It enjoyed sales of more than $50 billion in 2012.
Alcon began in 1945 as a Fort Worth pharmacy specializing in eye products. Novartis paid more than $50 billion for Alcon altogether. Alcon enjoyed sales of about $10.2 billion in 2012.
bbowen@bizpress.net

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Midterms
What was the message of the midterm elections?