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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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New arena at Will Rogers takes shape


The proposed Will Rogers Memorial Center arena continues to take shape as voters head for a Nov. 4 election to decide whether to approve new taxes to help pay for the $450 million facility.

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Overland Sheepskin opening Sundance Square store in Fort Worth

The store is expected to open by the holidays, Sundance said.

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Home health firm relocates to Ridglea from downtown

Southwest Home Health Services has leased new headquarters space in the Ridglea East Building in West Fort Worth, setting a plan in motion to relocate Oct. 1 from the downtown.

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Texas Health Southwest breaks ground on $40M expansion

A $40 million expansion of Texas Health Harris Methodist Hospital Southwest Fort Worth is under way, with groundbreaking ceremonies held this week.

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Raytheon names Kennedy to succeed Swanson as CEO

 

Jonathan D. Salant
(c) 2014, Bloomberg News

Thomas will be the new chief executive officer of Raytheon, the world's largest missile maker, beginning March 31.

Kennedy, 58, succeeds William Swanson, who has been CEO of the Waltham, Mass.-based contractor for a decade, the company said Wednesday in a statement. Swanson is stepping down as CEO next month after reaching age 65 and will remain chairman of the board.

Raytheon, the No. 4 U.S. contractor, is scheduled to release fourth-quarter earnings on Jan. 30, as investors watch for signs of continuing effects on defense contractors from automatic U.S. defense-budget cuts that were eased last month in a congressional budget agreement.

The company reported in October that its third-quarter profit fell 2.8 percent amid the cuts, known as sequestration, even as it raised its full-year earnings forecast because of increased sales internationally.

Kennedy, executive vice president and chief operating officer of Raytheon since April 2013, has been with the company for more than 30 years. He has served as president of the integrated defense systems unit and vice president of the space and airborne systems division. The Air Force veteran holds a doctorate in engineering from the University of California Los Angeles.

Raytheon's lead director, Vern Clark, said that Kennedy is "a proven leader with a broad understanding of key technologies, keen customer focus, and a deep understanding of Raytheon's business."

Last month, Raytheon was one of seven companies named to share a contract valued at up to $4 billion for research and development to counter weapons of mass destruction. It's the largest award handed out by the Defense Threat Reduction Agency to develop scientific and technological solutions to the threat of attacks on the U.S. using WMDs.

 

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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?