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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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UPDATE: BNSF railroad shuffles top execs but keeps Rose

 

Carl Ice 

FORT WORTH, Texas (AP) — The CEO who led BNSF railroad as it was sold to Warren Buffett's company is moving into the chairman's role, and another executive will be promoted to lead the company.

The Fort Worth-based railroad announced the executive changes Wednesday.

BNSF's Chairman and CEO Matt Rose will become executive chairman in January. Chief Operating Officer Carl Ice will be promoted to President and Chief Executive Officer.

The railroad said Rose will focus on long-term strategic planning while Ice focuses on day-to-day operations.

Ice has been with BNSF for 34 years, most recently serving as president since November 2010. In 1995, he led a team that orchestrated the merger and subsequent integration of Burlington Northern Railroad and Santa Fe Railway. Since then, he has helped lead the company and culture into what it is today. Ice has been integral to the development of the company’s operating and marketing plans.

“For over a decade, Carl has worked alongside me, and his assumption of the CEO title is a natural and well-deserved transition,” said Rose in a news release. “I am pleased for him and the organization, and the continuity he represents as he undertakes the leadership of this role.”

Buffett, who is Berkshire Hathaway's chairman and CEO, praised Rose and Ice and said BNSF has exceeded his expectations since Berkshire bought the railroad in 2010.

Some Berkshire investors have speculated that Rose may be a candidate to eventually succeed the 83-year-old Buffett as CEO. - Additional reporting by Robert Francis, Fort Worth Business Press
 

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