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Obama calls for offshore drilling in Southeast

WASHINGTON — The Obama administration on Tuesday outlined a politically fraught plan for allowing oil and gas drilling offshore along parts of the Atlantic coast while imposing new restrictions on environmentally fragile waters off northern Alaska.

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Alliance's Hillwood Commons lands first tenant

A large title insurance, property valuation and settlement services company is the first tenant at Hillwood Commons I, an office complex at Alliance Town Center.

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Museum District: Area’s evolution creating more interaction, public spaces

Fifteen years ago if someone had shot a cannon from Fort Worth’s world-renowned museum district, nobody would have noticed, joked Lori Eklund, senior deputy director of the Amon Carter Museum of American Art. But that has changed.

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Energy Transfer Partners, Regency Energy announce $18B merger

Energy Transfer Partners LP of Dallas and Regency Energy Partners LP have entered into a definitive merger agreement.

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American Airlines' first 787 Dreamliner arrives at D/FW

American is preparing the plane to begin service sometime in the second quarter.

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Wal-Mart sues Visa for $5 billion over 'swipe fees'

Chris Isidore

NEW YORK (CNNMoney) -- In a battle of retailing titans, Wal-Mart Stores is suing Visa, accusing the credit card company of conspiring with banks to fix prices on the processing fees retailers are charged.

Wal-Mart, the world's largest retailer, says Visa's price fixing cost it at least $5 billion in damages. And since the case is a federal antitrust case, it is seeking damages three times that amount or $15 billion.

Visa, MasterCard and major banks reached a tentative settlement with many retailers in July 2012; the card companies agreed to pay up to $7.25 billion and lower the fees they charge stores. That settlement was approved by a federal judge last December.

But many retailers both large and small criticized the settlement, claiming it did not properly compensate them for the damage done by the market power of the credit card companies.

Some major retailers, including Wal-Mart, Target and Amazon, opted-out of the settlement.

Wal-Mart's suit, filed in federal court in its home state of Arkansas Thursday, is the next step in the court battle that has dragged on for more than eight years.

A Visa spokesman said the company had no comment on the suit.

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