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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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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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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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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 above $103 after China manufacturing improves
 


The Associated Press

Oil prices rose Monday on the prospect of increased demand from China after data showed an improvement in manufacturing.

Benchmark U.S. oil for July delivery was up 58 cents to $103.29 a barrel at 0630 GMT in electronic trading on the New York Mercantile Exchange. The contract fell 87 cents to close at $102.71 on Friday.

Chinese data showed Sunday that manufacturing grew for the third consecutive month in May, suggesting a slowdown in the world's second-largest economy is stabilizing.

The China Federation of Logistics and Purchasing said that its monthly manufacturing index rose to 50.8 points in May on a 100-point scale on which numbers above 50 show activity expanding. It was the index's highest level this year.

Brent crude, a benchmark for international oils, added 34 cents to $109.75 a barrel in London.

Traders are focused on U.S. jobs data set to be released later in the week that could prop up expectations for higher demand.

In other energy futures trading on Nymex:

— Wholesale gasoline inched up 1.3 cents to $2.985 a gallon.

— Natural gas rose 2.7 cents to $4.569 per 1,000 cubic feet.

— Heating oil gained 0.7 cent to $2.895 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?