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Dallas Fed's Fisher, Philadelphia Fed leaders to retire in 2015

WASHINGTON — The outspoken president of the Federal Reserve Bank of Philadelphia will step down in March, shortly before the central bank is expected to raise interest rates for the first time since the recession, the regional bank said Monday.

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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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Troubled RadioShack files SEC form, talks with 'major vendor'

RadioShack Corp.’s latest filing with the U.S. Securities and Exchange Commission describes recent discussions that “could be beneficial to the financial restructuring of the company.”

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REIT plans demolition of Fort Worth's Westchester Plaza, mixed-use redevelopment

The developer is seeking a $3.8 million reimbursement from the Southside tax increment finance district.

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Road Show: City leaders prepare campaign to corral votes for $450 million arena

Fort Worth’s biggest backers of a new arena at the Will Rogers Memorial Center are leaving little to the chance of a “no” vote in a citywide election Nov. 4 to decide on new fees that would fund 15 percent of the $450 million project.

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Group 1 acquires Arlington dealerships

 

Group 1 Automotive Inc., an international, Fortune 500 automotive retailer, has acquired Moritz BMW/MINI and Moritz Cadillac in Arlington for an undisclosed amount.
The dealerships, which will operate as BMW of Arlington, MINI of Arlington, and Cadillac of Arlington, are expected to generate $200 million in estimated annual revenues.
“Dallas, Texas, is one of the largest and fastest growing luxury automobile markets in the U.S. These well-established businesses will give Group 1 a great platform for growth and will further expand our important, long-term relationship with BMW of North America,” said Earl J. Hesterberg, Group 1’s president and chief executive officer, in a news release.


Group 1 Automotive was founded in 1995 and is headquartered in Houston. The company owns and operates 144 automotive dealerships, 182 franchises and 36 collision centers in the United States, the United Kingdom and Brazil that offer 33 brands of automobiles. Through its dealerships, the company sells new and used cars and light trucks; arranges related vehicle financing, service and insurance contracts; provides automotive maintenance and repair services; and sells vehicle parts.
Group 1 Automotive Inc. trades on the New York Stock Exchange under the symbol GPI. The company had total revenue of $7.476 million in 2012. - Betty Dillard, bdillard@bizpress.net

 

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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?