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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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Pilots' union rejects contract at American Eagle 


DAVID KOENIG, AP Airlines Writer

FORT WORTH, Texas (AP) — The CEO of American Eagle says the American Airlines regional affiliate will be a different outfit that does less flying after leaders of the pilots' union rejected a contract offer.

Eagle wanted the pilots to make labor cost concessions in exchange for letting them fly new, larger planes. Leaders of the local Air Line Pilots Association chapter rejected the offer without sending it to members for a vote. The union said management demanded cuts that would lock in lower wages than pilots earn at other regional airlines.

Union officials said company negotiators warned repeatedly that without a deal, they would keep shrinking the airline until it's small enough to liquidate.

CEO Pedro Fabregas told employees Thursday that the airline would not shut down but would shift more to performing ground operations for other airlines.

Fabregas said American Airlines Group Inc. will begin looking for other airlines to fly 60 Embraer jets that it ordered in December, and the company might take away the largest planes already in Eagle's fleet. The 76-seat Embraers would have replaced some of Eagle's fleet of mostly 44- and 50-seat planes, which have been falling out of favor at current high fuel prices.

American has tried unsuccessfully to sell Eagle in recent years, and it began outsourcing some of its regional flying to other companies such as SkyWest Inc. to reduce costs.

As of December, Eagle had about 12,600 full-time and part-time employees, compared to about 63,000 at American.

 

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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?