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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 steady at $102 after China, US data

 

The Associated Press

The price of oil was steady near $102 a barrel Tuesday after an improvement in Chinese manufacturing was offset by reduced consumer spending in the U.S.

Benchmark U.S. oil for July delivery was down 7 cents to $102.40 a barrel at 0900 GMT in electronic trading on the New York Mercantile Exchange. The contract fell 24 cents to $102.47 on Monday.

Brent crude, a benchmark for international oils, was down 31 cents to $108.52 a barrel in London.

Energy demand from China was likely to stay solid as a second survey confirmed that China's manufacturing improved last month. But there were still worrying signs for the U.S. economy as a government report showed last week that Americans unexpectedly spent less in April, a possible drag on growth.

The HSBC index, based on a survey of Chinese factory purchasing managers, climbed to 49.4 last month from 48.1 in April. On Friday, the U.S. Commerce Department said consumers cut back on spending in April for the first time in a year.

In other energy futures trading on Nymex:

— Wholesale gasoline dipped 0.7 cent to $2.943 a gallon.

— Natural gas slipped 1.5 cents to $4.597 per 1,000 cubic feet.

— Heating oil fell 0.7 cent to $2.87 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?