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Dallas Fed's Fisher, Philadelphia Fed leaders to retire in 2015

WASHINGTON — The outspoken president of the Federal Reserve Bank of Philadelphia will step down in March, shortly before the central bank is expected to raise interest rates for the first time since the recession, the regional bank said Monday.

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Ex Rangers manager Washington apologizes for 'breaking wife's trust'

IRVING, Texas (AP) — Former Texas Rangers manager Ron Washington says he is embarrassed for 'breaking his wife's trust.'

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Troubled RadioShack files SEC form, talks with 'major vendor'

RadioShack Corp.’s latest filing with the U.S. Securities and Exchange Commission describes recent discussions that “could be beneficial to the financial restructuring of the company.”

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REIT plans demolition of Fort Worth's Westchester Plaza, mixed-use redevelopment

The developer is seeking a $3.8 million reimbursement from the Southside tax increment finance district.

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Road Show: City leaders prepare campaign to corral votes for $450 million arena

Fort Worth’s biggest backers of a new arena at the Will Rogers Memorial Center are leaving little to the chance of a “no” vote in a citywide election Nov. 4 to decide on new fees that would fund 15 percent of the $450 million project.

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Oil rises above $94, bolstered by severe US cold

KUALA LUMPUR, Malaysia (AP) — The price of oil climbed above $94 a barrel Wednesday ahead of a weekly U.S. stockpile report and with U.S. demand for heating fuel expected to rise amid severe cold weather.

Benchmark U.S. oil for February delivery was up 39 cents to $94.06 a barrel at midafternoon Kuala Lumpur time in electronic trading on the New York Mercantile Exchange. The contract rose 24 cents to end at $93.67 on Tuesday.

A deep freeze has spread from the U.S. Midwest to the East and South, setting record low temperatures from Boston to Birmingham, and killing 21 people. The Midwest and the East experienced temperatures colder than much of Antarctica, supporting oil prices as demand for heating fuel rises.

An estimated 190 million people in the U.S. were subjected to the icy blast, caused by a kink in the "polar vortex," the strong winds that surround the North Pole. Authorities said the worst should be over in the next day or two. Warmer weather — at least, near or above freezing — is in the forecast for much of the stricken part of the country.

Analysts said investors are also waiting for the U.S. government's crude inventory report that is likely to show a fall in stockpiles last week, indicating stronger demand.

Brent crude, used to set prices for international varieties of crude, was up 18 cents to $107.53.

In other energy futures trading:

— Wholesale gasoline dipped 0.1 cent to $2.678 a gallon.

— Natural gas rose 3 cents to $4.329 per 1,000 cubic feet.

— Heating oil was up 0.4 cent to $2.964 a gallon.

 

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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?