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T&P Warehouse: Historic building remains in limbo as area redevelops

For years, the historic T&P Warehouse on West Lancaster Avenue downtown, built in 1931 to house freight for the Texas Pacific Railway, has sat vacant and deteriorating.

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Susan Halsey, Fort Worth attorney, business leader, dies

Susan Halsey, a Fort Worth attorney who was also a community and business leader, died on Friday, Dec. 19. Halsey, 55, was chairman for the Fort Worth Chamber of Commerce in 2013-2014, leading the chamber during a year

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Heating up: West Lancaster corridor projects moving forward

West Lancaster Avenue through downtown Fort Worth is heating up, with planners envisioning a lively mixed-use corridor that extends the central business district further south.

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Meridian Bank Texas parent acquired by UMB Financial for $182.5M

Kansas City, Mo.-based UMB Financial Corp., the parent company of UMB Bank, said Dec. 15 it has signed a definitive agreement to acquire Marquette Financial Companies in an all-stock transaction.

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Cousins Properties to sell 777 Main tower in downtown Fort Worth

Cousins Properties Inc. has confirmed plans to sell the 777 Main office tower in downtown Fort Worth, according to a news release from the Atlanta-based real estate investment firm.

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Chesapeake Energy board approves spinoff

OKLAHOMA CITY (AP) — Chesapeake Energy Corp. said its board has approved a previously announced plan to spin off its oilfield services business into a separate, publicly traded company.

The Oklahoma City-based oil and natural gas producer said Monday that the new company will be called Seventy Seven Energy Inc.

To separate the companies, Chesapeake shareholders will receive one share of Seventy Seven Energy for every 14 shares of Chesapeake stock they own as of June 19. No fractional shares of Seventy Seven Energy will be issued. Instead shareholders entitled to one will receive cash instead. The distribution is expected to happen June 30, after the market closes.

Seventy Seven Energy has applied to list its stock on the New York Stock Exchange under the symbol "SSE." Trading is expected to begin on July 1.

Seventy Seven Energy, based in Oklahoma City, provides drilling, hydraulic fracturing, oilfield rentals and other services to oil and gas producers.

Chesapeake first announced in February that it was planning to spin off the business to streamline its operations. In May, the company said the move would cut about $1.1 billion of debt from its balance sheets.

Shares of Chesapeake closed at $29.87 Friday. Its shares are up nearly 10 percent since the beginning of the year.

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Did the College Football Playoff Committee get it right?