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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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GE Capital forms development group

A. Lee Graham
Reporter
lgraham@bizpress.net

GE Capital’s Equipment Finance segment in Irving is forming a business development group, led by 28-year company veteran Jim Kelly.
The new unit will focus on creating new vendor and dealer financing programs, allowing manufacturers to capitalize on the programs’ benefits for their equipment distribution channels.
“The equipment markets in the U.S. are beginning to grow again, which presents opportunities for us,” said Diane Cooper, CEO of Equipment Finance and a GE company officer, commenting in a news release.
“As manufacturers refocus on their core capabilities and plan to expand their businesses, they may be looking to partner with a finance company that has extensive experience creating full-scale financing programs to reach and support their commercial customers,” Cooper said.
Kelly’s team includes industry veterans with domain expertise in manufacturing, information technology, office imaging, truck transportation and health care industries.
Kelly has been managing director of GE Capital’s Vendor Finance business since 2009. He started his career in 1985 through GE's financial management program.
With more than $36 billion in lease and loan transactions since 2007, GE Capital’s Equipment Finance business manages more than 40 manufacturer financing programs spanning more than 10 industries, including transportation, construction and manufacturing. It provides wholesale and retail financing for equipment manufactures. More information is available at www.gecapital.com.

 

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What do you think of the new plans for a new Will Rogers arena and changes at the Convention Center?