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Dallas Fed's Fisher, Philadelphia Fed leaders to retire in 2015

WASHINGTON — The outspoken president of the Federal Reserve Bank of Philadelphia will step down in March, shortly before the central bank is expected to raise interest rates for the first time since the recession, the regional bank said Monday.

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Ex Rangers manager Washington apologizes for 'breaking wife's trust'

IRVING, Texas (AP) — Former Texas Rangers manager Ron Washington says he is embarrassed for 'breaking his wife's trust.'

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Troubled RadioShack files SEC form, talks with 'major vendor'

RadioShack Corp.’s latest filing with the U.S. Securities and Exchange Commission describes recent discussions that “could be beneficial to the financial restructuring of the company.”

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REIT plans demolition of Fort Worth's Westchester Plaza, mixed-use redevelopment

The developer is seeking a $3.8 million reimbursement from the Southside tax increment finance district.

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Road Show: City leaders prepare campaign to corral votes for $450 million arena

Fort Worth’s biggest backers of a new arena at the Will Rogers Memorial Center are leaving little to the chance of a “no” vote in a citywide election Nov. 4 to decide on new fees that would fund 15 percent of the $450 million project.

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Oil price eases following Russia sanctions 


The Associated Press

BEIJING (AP) — The price of oil fell back below $101 on Wednesday as investors shrugged off the impact of new sanctions on Russia for its role in the Ukraine crisis.

Benchmark U.S. crude for June delivery shed 82 cents to $100.46 per barrel on the New York Mercantile Exchange after climbing to $101.28 in the previous session.

Brent crude, an international benchmark used to price oil used by many U.S. refineries, shed 28 cents to $108.70 in London.

New sanctions by Washington and the European Union on a group of Russian officials, executives and companies turned out not to be as severe as feared, with no public companies or major sectors of the economies affected.

Investors were looking ahead to U.S. job data due out Wednesday from payroll processing company ADP and the government's unemployment report on Friday.

In other energy futures trading on Nymex:

— Wholesale gasoline declined 6 cents to $3 per gallon.

— Heating oil added one cent to $2.96 a gallon.

— Natural gas shed one cent to $4.82 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?