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26-story mixed-use tower planned at Taylor & Fifth in downtown Fort Worth

Jetta Operating Co., a 24-year-old privately held oil and gas company in Fort Worth, and a related entity plan a 26-story mixed-use tower downtown at Taylor and Fifth streets on a site once owned by the Star-Telegram.

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UPDATE: Six candidates file for two Water Board seats

Six candidates have filed for the two open seats on the Tarrant Regional Water Board, setting up a battle that could potentially shift the balance of power on the board and the priorities of one of the largest water districts in Texas.

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Top area CFOs honored

The Fort Worth Business Press honored 13 area chief financial officers today with a luncheon at the Fort Worth Club.

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Fort Worth breaks ground on $8.6 million South Main renovation

Fort Worth Near Southsiders and city officials broke ground Monday on the 18-month rebuild of South Main Street between Vickery Boulevard and West Magnolia Avenue.

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Body-camera maker has financial ties to former Fort Worth police chief, others

IOWA CITY, Iowa (AP) — Taser International, the stun-gun maker emerging as a leading supplier of body cameras for police, has cultivated financial ties to police chiefs whose departments have bought the recording devices, raising a host of conflict-of-interest questions.

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Oil price gain tempered by China growth slowdown


The Associated Press

The price of oil rose Wednesday as Ukraine took action against pro-Russian separatists in its east but slower Chinese growth tempered gains.

Benchmark U.S. crude for May delivery was up 16 cents at $103.91 a barrel at 0835 GMT in electronic trading on the New York Mercantile Exchange. It closed Tuesday at $103.75, down 30 cents.

Brent crude, used to set prices for international varieties of crude, was up 3 cents at $109.39 a barrel.

Market concerns over Ukraine, which sent tanks and troops to reclaim government buildings occupied by pro-Russian gunmen in its eastern region, were offset by slower growth in China. A slump in China's growth could reduce demand for crude.

Officials from the U.S., Russia, Ukraine and the European Union are set to meet in Geneva on Thursday for negotiations aimed at persuading Russia to back off in Ukraine following its annexation of Crimea.

Failing that, EU leaders could meet as early as next week to decide on tighter sanctions on Russia, a major producer of oil and gas that has been accused of fomenting unrest in eastern Ukraine. Russia is a major energy supplier to Europe.

Data released Wednesday showed China's economy grew 7.4 percent in the first quarter.

That was the slowest pace of expansion since the third quarter of 2012, but slightly higher than the average of analyst forecasts. China's economy, the world's second largest, grew 7.7 percent in the final quarter of last year. Beijing is targeting 7.5 percent growth for 2014.

Expectations of rising U.S. crude oil stockpiles also put a cap on prices. Data for the week ending April 11 is expected to show an increase of 2.4 million barrels in crude oil stocks, according to a survey of analysts by Platts.

In other energy futures trading in new York:

— Wholesale gasoline fell 0.8 cents to $3.003 a gallon.

— Natural gas fell 2.8 cents to $4.539 per 1,000 cubic feet.

— Heating oil was up 0.5 cent at $2.992 a gallon.

 

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