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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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Oil falls to near $98 as demand crimped 


The Associated Press

The price of oil extended losses Friday as seasonal maintenance of refineries crimps U.S. demand and a stronger dollar makes the commodity more expensive.

Benchmark U.S. crude for May delivery was down 58 cents at $98.32 a barrel at 0610 GMT in electronic trading on the New York Mercantile Exchange. The contract dropped 27 cents to settle Thursday at $98.90.

Traders have zoomed in on data showing that U.S. crude supplies rose by nearly 6 million barrels in the week ended March 14. Oil production continues to rise, but refineries are converting less of it to gasoline and diesel because they're undergoing seasonal maintenance.

The U.S. dollar has strengthened against the euro and other currencies since the Federal Reserve's new governor Janet Yellen this week suggested interest rate hikes could come relatively quickly after the Fed ends its extraordinary stimulus policy. A rise in the dollar makes crude more expensive in terms of other currencies.

Brent crude, used to set prices for international varieties of crude, was down 31 cents to $106.14 a barrel.

In other energy futures trading in New York:

— Wholesale gasoline fell 0.7 cent to $2.882 a gallon.

— Heating oil shed 0.7 cent to $2.906 a gallon.

— Natural gas dropped 3.6 cents to $4.333 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?