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UPDATE: Could American Airlines move its headquarters?

A key linchpin in the Fort Worth economy, American Airlines Group Inc., is considering sites for a new headquarters, possibly outside the city, the airline’s CEO said this morning.

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Great Women of Texas honored

The Fort Worth Business Press held the Great Women of Texas event Wednesday night at the Omni Fort Worth Hotel. Stacie McDavid of McDavid Investments was honored as the

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Clip art: Cutting edge barbershop creates a buzz in Fort Worth

Jonathan Morris is on a mission to create a better grooming experience for men.

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Grocers, retailers flocking to Southlake

With its economic development engine revving at full throttle, Southlake is about to welcome several major retail and commercial projects that underscore its image

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Great Woman of Texas; Stacie McDavid

“I’ve always been a maverick in a number of ways,” says businesswoman and philanthropist Stacie McDavid.

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Texas energy company raises $390M from IPO

 

NEW YORK (AP) — Independent oil and natural gas company RSP Permian has raised $390 million from an initial public offering of its common stock.

The offering of 20 million shares was priced at $19.50 per share.

RSP Permian Inc. is selling about 9.2 million shares, while selling stockholders are selling approximately 10.8 million shares.

The selling stockholders are giving the underwriters a 30-day option to buy up to an additional 3 million shares to cover any excess demand.

Dallas-based RSP Permian plans to use about $166 million in net proceeds to fully repay its term loan; to make cash payments to some existing investors; to pay bonuses to certain employees, to lower outstanding borrowings under a revolving credit facility and to fund part of its capital expenditure plan.

The company won't receive any proceeds from shares sold by the selling stockholders.

The stock is expected to start trading on the New York Stock Exchange on Friday under the "RSPP" ticker symbol.

The offering is expected to close on Thursday.


 

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Midterms
What was the message of the midterm elections?