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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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Crude oil steady as US cold underpins demand


The Associated Press

The price of oil was little changed Friday, underpinned by demand stemming from arctic weather in the U.S.

Benchmark U.S. crude for April delivery was down 14 cents at $102.61 a barrel at 0825 GMT in electronic trading on the New York Mercantile Exchange. The contract fell 9 cents to close at $102.75 on Thursday.

Brent crude, used to set prices for international varieties of crude, was down 3 cents at $110.27 a barrel.

"Market players are now looking at weather conditions in the U.S., it's quite cold and heating oil demand is getting tighter so that is supporting the crude oil prices," said Tetsu Emori, commodity markets fund manager at ASTMAZ Futures Co. in Tokyo.

He said the inventory of natural gas in the U.S. has also fallen, pushing up the price of the commodity.

On Thursday, oil prices fell after a monthly survey by HSBC found that China's manufacturing, a driver of the global economy, contracted for a second straight month.

But uncertainty about protests in Venezuela, a major U.S. oil supplier, as well as export disruptions in Libya and South Sudan kept a floor under oil prices.

Prices were also steadied by a weekly report from the U.S. Energy Department released Thursday that revealed that oil stockpiles grew about half as fast as expected, according to analysts surveyed by Platts, the energy information arm of McGraw-Hill Cos.

In other energy futures trading in New York:

— Wholesale gasoline fell 0.3 cent to $3.018 a gallon.

— Natural gas added 17.7 cents to $6.241 per 1,000 cubic feet.

— Heating oil shed 0.4 cent to $3.08 a gallon.

 

 

 

 

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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?