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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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Oil dips on China data, caution on US Fed meeting


The Associated Press

The price of oil dipped slightly on Monday as a report on manufacturing in China signaled that a recovery in the world's No. 2 economy would continue to be uneven.

Benchmark U.S. crude for January delivery edged 23 cents lower, or 0.2 percent, to $96.37 a barrel at midday in Asia in electronic trading on the New York Mercantile Exchange.

China's massive manufacturing sector grew at a slightly slower pace in December, according to a preliminary survey by HSBC. The purchasing managers' index report found that the growth rate slowed marginally from the month before, though it was still high enough to indicate that China's economy is continuing to recover since slowing to 7.5 percent growth in the second quarter.

Investors were also staying on the sidelines ahead of the U.S. Federal Reserve's meeting to decide on whether to maintain its $85 billion in monetary stimulus.

Expectations are growing that the Federal Open Market Committee might decide at its meeting, held on Tuesday and Wednesday, to start cutting back on the stimulus following some recent strong U.S. economic data reports and signs of an imminent budget agreement in Congress.

Any reduction of stimulus would likely result in a stronger dollar, making commodities priced in the greenback more expensive to foreign buyers, driving down demand.

Brent crude, a benchmark for international oils, was up 40 cents to $108.72 a barrel on the ICE exchange in London.

In other energy futures trading on the Nymex:

— Wholesale gasoline was little changed at $2.6496 a gallon.

— Heating oil was little changed at $2.983 gallon

— Natural gas dropped 0.1 cents to $4.282 per 1,000 cubic feet.

 

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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?