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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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20 from Dallas-Fort Worth on Forbes wealthiest list

There are 20 Dallas-Fort Worth residents listed among the 400 richest Americans, according to the Forbes 400 list of The Richest People in America 2014.

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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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Fort Worth TIF approves incentives for Westchester Plaza redevelopment, second 217-unit apartment property

A California REIT plans to buy the 50-year-old Westchester Plaza, demolish it, and redevelop the site with apartments, retail, medical-office, and parking.

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College endowments show growth
KIMBERLY HEFLING,

AP Education Writer

WASHINGTON (AP) — The nation's college and university endowments — often used to fund scholarships and professorships — had strong growth last year, according to a report released Tuesday. That's a bit of good news for higher education institutions under pressure to hold down tuition costs amid some enrollment declines.

More than 80 institutions reported endowments from the 2013 budget year valued at more than $1 billion. Overall, endowments returned an average of 11.7 percent. A year earlier, returns had held relatively steady, with a less than 1 percent decline, according to the analysis by National Association of College and University Business officers and Commonfund using data from the 835 colleges and universities that agreed to participate.

 

Endowments, managed as permanent assets, are especially important for large private schools. Often money donated to them is designated for certain uses, and drawing them down generally doesn't translate to lower tuition prices. Survey participants said, on average, that nearly 9 percent of their institution's operating budget is funded by the endowment.

Among the endowments, the highest performer was Harvard University with $32 billion. That was followed by Yale University, $21 billion; University of Texas system, $20 billion; Stanford University, $19 billion; and Princeton University with $18 billion.

As tuition prices have increased, there has been pressure on colleges and universities to release more endowment money to help students pay for college. Last year, about two-thirds of endowments distributed more money than a year earlier, with much of that going to scholarships, said Verne Sedlacek, president and CEO of Commonfund.

Sedlacek said it used to be that only the larger endowments were fundraising, but now endowments of all sizes are doing so.

"Everybody is either raising money or thinking about raising money," Sedlacek said.

In the fall, tuition prices on average continued the upward trajectory they've been on, but the increases were more moderate, the College Board has said. Increases are often blamed on the substantial decline in state aid to public colleges and universities.

The higher education community is feeling heat from the Obama administration to curb costs and improve graduates' outcomes because of a ratings system under development that could potentially use data such as an institution's graduation rates and graduates' salary. Meanwhile, a reduction in the number of high school graduates has contributed to a decline in the number of students going to college. The National Student Clearinghouse reported 19.5 million students were enrolled last fall compared with a little more than 20 million two years earlier.

 

 

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