Join The Discussion

 

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.

read more >

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.

read more >

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.

read more >

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.

read more >

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.

read more >

Dow Chemical looking to spin off, sell 40 plants

MIDLAND, Mich. (AP) — Dow Chemical is looking to spin off or sell about 40 manufacturing plants from its business as it continues to move away from cyclical commodity products.

The company said Monday that it expects those deals to happen within the next one to two years. Almost 2,000 workers will be affected by the moves. The businesses generate up to $5 billion of total annual revenue.

The assets include its U.S. Gulf Coast chlor-alkali and chlor-vinyl facilities in Plaquemine, La., and Freeport, Texas, including Dow's interest in the Dow Mitsui Chlor-Alkali joint venture in Freeport, Texas; its global chlorinated organics production plants in Freeport, Texas; Plaquemine, La. and Stade, Germany; the global epoxy business, including assets in Freeport, Texas; Roberta, Ga.; Rheinmuenster, Germany; Pisticci, Italy; Baltringen, Germany; Stade, Germany; Gumi, South Korea; Zhangjiagang, China and Guaruja, Brazil; its brine and select assets supporting operations in Freeport, Texas, and Plaquemine, La. and energy operations in Plaquemine, La.

The businesses "are serving markets Dow has exited over time," Chairman and CEO Andrew Liveris said in a statement. "Separating these business units will allow us to further optimize the way they can be operated; and we believe different owners will be able to extract maximum value from these highly competitive assets and their related markets," he added.

Dow Chemical, based in Midland, Mich., also said that it will shut down about 800,000 tons of chlorine and other capacity in Freeport, Texas. The void will be replaced with supply from new plants that will come online with the start-up of the Dow Mitsui joint venture early next year.

 

< back

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