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RadioShack sees stock jump on investment report

Fort Worth-based RadioShack saw its stock increase as much as 45 percent on Friday as investor Standard General LP said it was continuing talks on new financing for the electronics retailer.

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Fort Worth couple gets in 'Shark Tank,' comes out with deal

A Fort Worth couple who started a business when they couldn’t sleep, were the first entrepreneurs to get a deal on ABC’s Shark Tank in the season premiere on Sept. 26.

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20 from Dallas-Fort Worth on Forbes wealthiest list

There are 20 Dallas-Fort Worth residents listed among the 400 richest Americans, according to the Forbes 400 list of The Richest People in America 2014.

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Internal audit says EPA mismanaged Fort Worth project

FORT WORTH, Texas (AP) — An internal audit by the U.S. Environmental Protection Agency reveals the agency mismanaged an experiment using new ways to demolish asbestos-ridden buildings.

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Texas Wesleyan acquires two strip shopping centers on East Rosedale

Texas Wesleyan University has purchased two strip shopping centers on East Rosedale Street across from its Southeast Fort Worth campus, the university’s president said Friday.

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Solera Holdings to acquire German claims provider

Solera Holdings Inc., a global provider of software and services to the automobile insurance claims processing and decision support industries, said May 27 it has signed an agreement to acquire sachcontrol AG, a property claims business based in Dresden, Germany.
The acquisition is subject to certain closing conditions and is expected to close in the fourth quarter of Solera’s fiscal year ending June 30.
Tony Aquila, Solera’s founder, chairman and chief executive officer, said the acquisition represents the company’s most significant investment yet in strengthening its property claims platform and further extends Solera’s footprint in Germany and Austria.
“sachcontrol will provide leverage to our joint customers by increasing the returns we deliver to them through both high-value auto and property solutions,” Aquila said in a news release.


Earlier on May 12 Solera announced it will acquire the claims-related products and services from the Sherwood group of companies in the United Kingdom and will purchase 100 percent of the insurance and services division of Pittsburgh Glass Works LLC for $280 million in cash.
Both of those transactions also are expected to close in the fourth quarter.
Solera Holdings is headquartered in Westlake and trades on the New York Stock Exchange under the symbol SLH.
On May 7, the company reported revenue for the third quarter ended March 31, 2014, of $262.4 million, a 22.3 percent increase over the prior year third quarter revenue of $214.6 million. After adjusting for changes in foreign currency exchange rates, revenue for the third quarter increased by 21.9 percent over the prior year third quarter revenue. Net income for the third quarter was $19.9 million, a 7.4 percent decrease over prior year third quarter net income of $21.5 million.

--Betty Dillard
bdillard@bizpress.net
 

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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?