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Two Fort Worth council members propose temporary single-family moratorium around TCU

The moratorium would apply to new permits for single-family homes around TCU, and give the city time to figure out what to do with a controversial proposed overlay in several neighborhoods around the university.

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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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Landscape architect behind several TCU landmarks acquired

The Dallas design firm behind several Texas Christian University projects, as well as Globe Life Park in Arlington and AT&T Stadium, has been acquired by Rvi Planning + Landscape Architecture.

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Fort Worth launching Stockyards design task force

The task force, to be chaired by the Fort Worth architect Eric Hahnfeld, would be responsible for confirming the boundaries of the city's planned Stockyards design district and reviewing the work of a consultant.

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Fort Worth council approves tax abatement for Sprouts grocery in Ridglea

The abatement would be to VCB Property, which also won an abatement to build a strip retail center.

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AT&T posts stronger-than-expected earnings

 

BARBARA ORTUTAY, AP Technology Writer

 

 


NEW YORK (AP) — AT&T posted stronger-than-expected earnings for the final quarter of 2013, helped by higher revenue from mobile and Internet service subscribers.

The nation's biggest telecommunications company said Tuesday that it earned $6.9 billion, or $1.31 per share, in the October-December period. That's up from a loss of $3.8 billion, or 68 cents per share, in the same period a year earlier.

The latest quarter's results included a pension-related gain of $7.6 billion, tax expenses and other items. Excluding these items, adjusted earnings were 53 cents per share in the latest quarter, beating analysts' expectations by 2 cents.

Revenue rose 2 percent to $33.2 billion from $32.6 billion.

Analysts on average were expecting revenue of $33.1 billion, according to FactSet.

Wireless revenue, which includes equipment sales, grew 5 percent to $18.4 billion from $17.6 billion.

AT&T said it added 809,000 net wireless subscribers in the fourth quarter. It added 566,000 wireless devices to its contract-based plans, which are the most lucrative. Of these 299,000 were smartphones and the rest tablets, which carry lower monthly fees than phones. AT&T is the second-largest cellphone company in the U.S. after Verizon Wireless.

Churn, or the turnover rate for contract-based subscribers, was 1.11 percent during the quarter, down from 1.19 percent a year earlier.

AT&T is benefiting from the growing popularity of smartphones and tablet computers, but the company is also facing competition from Verizon Wireless as well as smaller rivals such as T-Mobile and Sprint Corp.

Shares of Dallas-based AT&T fell 61 cents, or 1.8 percent, to $33.09 in after-hours trading following the release of the earnings report. It closed the regular trading session up 19 cents at $33.70.


 

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