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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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Oil nears $103 on winter demand, supply concerns


The Associated Press

The price of oil extended gains to near $103 a barrel Wednesday, driven by severe winter weather in the U.S. and supply concerns.

Benchmark U.S. crude for March delivery was up 38 cents to $102.81 a barrel at 0800 GMT in electronic trading on the New York Mercantile Exchange. The contract surged $2.13 to close at $102.43 a barrel on Tuesday.

Last time the price of oil was above $103 was in October.

Severely cold weather and snowstorms in the eastern region in the U.S. have boosted energy prices. The National Weather Service said more snow is ahead for residents of northern New England, one day after a storm dumped about a foot on many communities.

One half of U.S. households use natural gas as their primary heating fuel and about a quarter of households in the Northeast U.S. rely on heating oil for space heating, according to the Energy Information Administration. The EIA is scheduled to release its weekly inventory data on Thursday.

Meanwhile, expectations for an increased oil supply were dampened after Iran rejected a key demand of six world powers in their latest round of talks. The talks that began on Tuesday in Vienna aim to finalize a deal to control Iran's nuclear program. Iran, a major oil producer, will be able to export more crude if the talks lead to reduced sanctions.

Brent crude, a benchmark for international oils, edged down 11 cents to $110.35.

In other energy futures trading on Nymex.

— Wholesale gasoline edged up 0.3 cent to $3.003 a gallon.

— Heating oil inched down 0.2 cent to $3.044 a gallon.

— Natural gas gained 12 cents to $5.671 per 1,000 cubic feet.

 

 

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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?