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Group buys former Armour meatpacking site in Stockyards

The 16.8-acre site of the historic, former Armour meatpacking plant in Fort Worth’s Stockyards has changed hands, and its new owners aren’t saying anything about their plans. Chesapeake Land Development Co., which bought the site

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Fresh Ebola fears hit airline stocks

DALLAS (AP) — News that a nurse diagnosed with Ebola flew on a plane full of passengers raised fear among airline investors that the scare over the virus could cause travelers to avoid flying.

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Social House Fort Worth plans to open mid-November

Social House has leased 5,045 square feet at 2801-2873 W Seventh St. in Fort Worth, according to Xceligent Inc.

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Ski Grand Prairie? TCU, UTA grad helping bring snow to Metroplex

For Levi Davis last week may have been a career peak, in more ways than one.

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GE rises most in year with equipment order increases, including at Fort Worth locomotive unit

NEW YORK — General Electric Co. beat analysts' profit estimates in the third quarter as Chief Executive Officer Jeffrey Immelt squeezed more costs from the manufacturing units.

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Bell to lay off 115 engineers

 

Bell Helicopter plans to lay off 115 engineers, primarily at the company’s Fort Worth corporate headquarters, the company informed workers earlier this week.
In a statement Cathy Ferrie, Bell’s senior vice president of engineering, said the company remains committed to future programs, but “for these programs to win in the marketplace we have to be cost competitive.”
In May, Bell laid off about 140 workers.


Bell’s parent company, Textron on Wednesday said its fourth-quarter net income rose 13 percent, benefiting from higher revenue from its Cessna jet and Bell helicopter businesses and its industrial division.
Textron officials said in 2013 Bell delivered 13 V-22s, 6 H-1s and 75 commercial helicopters in the quarter, up from last year’s fourth quarter when it delivered 9 V-22s, 6 H-1s and 65 commercial helicopters in last year’s fourth quarter. During the quarter, the Department of Defense also notified Congress that it intends to sell six V-22s to Israel.


On the commercial helicopter front, Textron reported that Bell delivered 213 helicopters for the full year, up 13 percent from last year’s 188 units.
Despite those improvements, Textron officials said they expect Bell to be flat in 2014, reflecting a decrease in military revenue that should be offset by increases in the commercial business. - Robert Francis
 

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