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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 higher as Ukraine rebels escalate conflict 


The Associated Press

The price of oil edged higher Tuesday on worries over potential supply disruptions after pro-Russian rebels escalated the Ukrainian conflict by occupying a major airport, just hours after a billionaire businessman won Ukraine's presidential election.

Prices had fallen after Ukraine's president-elect, Petro Poroshenko, said Monday he wanted talks with Moscow on ending the insurgency in the country's east.

Benchmark crude for July delivery was up 5 cents to $104.40 a barrel at 0625 GMT in electronic trading on the New York Mercantile Exchange. Due to a U.S. public holiday, the contract last settled on Friday, when it closed at $104.35.

Brent crude, a benchmark for international oils, gained 41 cents to $110.73 on the ICE exchange in London.

Ukraine is a key conduit for Russian gas deliveries to Europe. A proposed solution to a dispute over Ukrainian natural gas debts to Moscow raised hopes that a supply cutoff would be averted. Russia's acceptance of Poroshenko's victory was also regarded as a sign of easing tensions.

The resurgence of fighting, as the government in Kiev responded with an airstrike to the rebels' occupation of the airport in Donetsk, a city of about 1 million in eastern Ukraine, underscored the uncertainties that remain.

In other energy futures trading in New York.

— Wholesale gasoline was down 0.2 cent at $3.005 a gallon.

— Natural gas shed 1.5 cents to $4.39 per 1,000 cubic feet.

— Heating oil gained 1 cent to $2.965 a gallon.

 

 

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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?