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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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Crude oil injected in Okla. pipeline to Gulf Coast

CUSHING, Okla. (AP) — TransCanada has begun injecting crude oil into its $2.3 billion pipeline between Cushing and the Gulf Coast.

The company says Saturday's development means the 485-mile pipeline is another step closer to commercial operation.

"Over the coming weeks, TransCanada will inject about 3 million barrels of oil into the system, beginning in Cushing," spokesman Shawn Howard said.

The Oklahoman reports (http://bit.ly/1gXeYyb ) the pipeline, called the Gulf Coast Project, is the southern leg of TransCanada's proposed Keystone XL pipeline, which would transport oil from Canada's oil sands and the Bakken Shale in North Dakota to refineries in the Houston area.

In regulatory filings last week, TransCanada said the southern leg from Cushing to Port Arthur, Texas, is expected to become operational Jan. 3.

"We remain focused on completing the construction, testing and commissioning for the Gulf Coast Project," the filing with the Federal Energy Regulatory Commission said.

President Barack Obama refused to issue a permit for part of the project last year amid concerns about its potential impact on a large aquifer in Nebraska. The administration is considering another application, but TransCanada has received clearance for the pipeline's southern leg. Construction began in August 2012.

Environmental groups have opposed the pipeline's northern leg from Canada into the U.S. The southern leg doesn't cross an international border and doesn't require presidential approval, although it too has been opposed on environmental grounds.

"The Gulf Coast Project is a significant step forward in the move to transport oil from Cushing to U.S. Gulf Coast refineries," Howard said.

He said the pipeline was built using advanced safety standards featured in no other pipelines in operation. Howard said testing of the pipeline is ongoing. He was unable to provide any details about when it will go into commercial service.

It will carry up to 700,000 barrels of oil a day.

 

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