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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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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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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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Weatherford's Wild Mushroom to open in Fort Worth's Ridglea Village

Weatherford restaurant staple The Wild Mushroom Steak House & Lounge will be coming to Fort Worth in November, moving into the former site of Ray’s Steakhouse at to 3206 Winthrop Ave. in the Ridglea Village Shopping Center.

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Crude oil back above $94 on China credit injection


The Associated Press

The price of oil crept stayed above $94 per barrel on Tuesday after China's central bank injected extra credit into the financial system, helping to offset concerns about slower economic growth.

U.S. crude for February delivery was down 30 cents at $94.07 at 0545 GMT in electronic trading on the New York Mercantile Exchange after dipping as low as $93.70 on Monday. The February contract expires later Tuesday and most trading has moved to the March contract, which was down 30 cents at $94.29.

Prices tumbled Monday after China's fourth-quarter economic growth declined from the previous quarter and other data suggested activity might slow further. But confidence rebounded after the Chinese central bank announced late in the day it would inject additional money into the financial system, reducing fears of a credit squeeze.

Prices also have been hurt by the strengthening of the U.S. dollar over the past week. That makes crude less attractive to traders who use other currencies.

Reports that Libyan officials intend to regain from rebels the control over oil export facilities in the country's east again raised the prospect of more crude feeding already brimming global stockpiles. However, similar pledges in past months have gone unfulfilled.

Brent crude, used to set prices for international varieties of crude, was up 15 cents at $106.50 on the ICE exchange in London.

In other energy futures trading on Nymex:

— Wholesale gasoline rose 0.9 cent to $2.64 per gallon.

— Natural gas fell 1.4 cents to $4.312 per 1,000 cubic feet.

— Heating oil added 0.4 cent to $2.95 per 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?