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Group buys former Armour meatpacking site in Stockyards

The 16.8-acre site of the historic, former Armour meatpacking plant in Fort Worth’s Stockyards has changed hands, and its new owners aren’t saying anything about their plans. Chesapeake Land Development Co., which bought the site

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Social House Fort Worth plans to open mid-November

Social House has leased 5,045 square feet at 2801-2873 W Seventh St. in Fort Worth, according to Xceligent Inc.

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Dallas-Fort Worth in top five commercial real estate markets in 2015

According to the Emerging Trends in Real Estate 2015 report, just co-published by PwC US and the Urban Land Institute (ULI), Dallas-Fort Worth ranks No. 5, with two other Texas cities, Houston and Austin ranking at No. 1 and 2 respectively. San Francisco ranks No. 3 and Denver No. 4.

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Ski Grand Prairie? TCU, UTA grad helping bring snow to Metroplex

For Levi Davis last week may have been a career peak, in more ways than one.

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GE rises most in year with equipment order increases, including at Fort Worth locomotive unit

NEW YORK — General Electric Co. beat analysts' profit estimates in the third quarter as Chief Executive Officer Jeffrey Immelt squeezed more costs from the manufacturing units.

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Global Geophysical files for bankruptcy protection

HOUSTON (AP) — Global Geophysical Services Inc., which provides seismic data to oil and gas companies, has filed for Chapter 11 bankruptcy protection.

CEO Richard White said in a statement late Tuesday that the Houston company has been burdened with "significant debt" incurred over the last several years.

White said Global Geophysical Services has been in talks with its lenders and bondholders to start exploring methods to improve its liquidity.

"We are beginning the process of developing a consensual financial restructuring plan that will reduce the company's debt and align our financial profile with the strength of our operations," he said.

White added that Global Geophysical Services has a strong backlog and is seeing increased demand for its services.

Global Geophysical Services filed for bankruptcy protection in the U.S. Bankruptcy Court for the Southern District of Texas, Corpus Christi Division. It has asked for authority to continue to support its international operations and plans to pay suppliers in full under normal terms for goods and services provided after the Tuesday filing date.

The company's subsidiaries outside the U.S. were not included in the filing.
 

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