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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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2 top officials leave BP oil spill claims office

NEW ORLEANS (AP) — Two top officials of a fund that pays compensation in connection with the 2010 BP oil spill have resigned, just months after the two were accused of engaging in improper conduct.

Program head Patrick Juneau confirms that CEO David Odom and Chief Operating Officer Kirk Fisher have resigned.

"They desire to move on to other business opportunities," he said in an emailed statement.

The process of paying claims will not be interrupted by their departure, Juneau said. Attempts at reaching both Odom and Fisher by phone or by other contact information were unsuccessful.

Juneau refused to comment on BP's allegation that the resignations follow reports that the men entertained subordinates at a strip club that got $550,000 in oil spill claims. The allegation is online in an ad BP says will run Monday in three major newspapers. BP won't identify the club.

In September, former FBI head Louis Freeh — appointed by the federal district court in New Orleans to investigate allegations of wrongdoing in the claims office — said Odom and Fisher had formed a business that offered work in an unrelated lawsuit to a company doing oil spill claims work.

"Actual and apparent conflicts of interest involved the most senior officials" of the claims administrative office, he wrote.

BrownGreer, a vendor that has averaged more than $15 million per month in fees for its work on the program, reported the offer to Juneau, Freeh wrote.

"Ultimately, the proposal was withdrawn," he wrote.

 

 

 

 

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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?