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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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Texas Wesleyan acquires two strip shopping centers on East Rosedale

Texas Wesleyan University has purchased two strip shopping centers on East Rosedale Street across from its Southeast Fort Worth campus, the university’s president said Friday.

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Texas, Colorado, NM water managers to meet

 

SUSAN MONTOYA BRYAN, Associated Press

SANTA FE, N.M. (AP) — The tension is expected to be thick Thursday as top water officials from New Mexico, Colorado and Texas gather for an annual meeting focused on management of the Rio Grande.

Texas and New Mexico are in the middle of a legal battle before the U.S. Supreme Court over groundwater pumping along the border. The federal government is weighing in, claiming that groundwater falls under its jurisdiction and should be considered part of the massive system of canals and dams that deliver water to farmers in southern New Mexico and Texas.

It could be years before the court makes a decision, but some experts say the case could set precedent when it comes to state rights in the drought-stricken West.

In the meantime, farmers in southern New Mexico who are deciding whether to plant crops or leave their fields fallow are on "pins and needles," said Scott Verhines, New Mexico's top water official.

"Certainly the litigation, the threat of litigation, the fear of what's going to come out of all this is clouding everybody's ability to work toward a solution," he said. "I think very unfortunately that we find ourselves fighting and not solving."

Verhines will be among those gathering for the Rio Grande Compact Commission meeting. The decades-old compact spells out how much river water the states must share.

Texas first took its case to the Supreme Court more than a year ago, asking that New Mexico stop pumping and the state be forced to send more water to farmers in El Paso.

New Mexico maintains its meeting its obligations under the compact, but the federal government contends in a recent motion to intervene in the case that groundwater pumping in New Mexico is tapping the shallow aquifer that would otherwise drain back into the Rio Grande and flow to Texas.

With New Mexico entering its fourth year of severe drought, water managers acknowledge that farmers will again have little irrigation water coming from the river and will be forced to use groundwater wells to irrigate their crops.

 

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