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Fresh Ebola fears hit airline stocks

DALLAS (AP) — News that a nurse diagnosed with Ebola flew on a plane full of passengers raised fear among airline investors that the scare over the virus could cause travelers to avoid flying.

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Landscape architect behind several TCU landmarks acquired

The Dallas design firm behind several Texas Christian University projects, as well as Globe Life Park in Arlington and AT&T Stadium, has been acquired by Rvi Planning + Landscape Architecture.

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Fort Worth launching Stockyards design task force

The task force, to be chaired by the Fort Worth architect Eric Hahnfeld, would be responsible for confirming the boundaries of the city's planned Stockyards design district and reviewing the work of a consultant.

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GE rises most in year with equipment order increases, including at Fort Worth locomotive unit

NEW YORK — General Electric Co. beat analysts' profit estimates in the third quarter as Chief Executive Officer Jeffrey Immelt squeezed more costs from the manufacturing units.

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Social House Fort Worth plans to open mid-November

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Weakness in mobile business hurts RadioShack 1Q

FORT WORTH, Texas (AP) — RadioShack's first-quarter loss widened and revenue slumped as the Fort Worth-based retailer dealt with weakness in its mobile business and consumer electronics.

Its performance missed Wall Street's view. The stock dropped more than 18 percent in premarket trading on Tuesday.

CEO Joseph C. Magnacca said in a statement that its mobile business was hurt because the current handset assortment didn't resonate well with customers. It was also contending with more promotions, including those of wireless carriers.

Magnacca said that RadioShack is working on building its pipeline of new products, including private brand and exclusive items such as those from new partnerships with Quirky and PCH.

The company is trying to update its image and compete with the rise of online and discount retailers. Long known as a destination for batteries and obscure electronic parts, RadioShack has sought to remake itself as a specialist in wireless devices and accessories. But growth in the wireless business is slowing, as more people have smartphones and see fewer reasons to upgrade.

Part of its turnaround efforts have included cutting costs, renovating stores and shuffling management. It also announced in March that it planned to close up to 1,100 of its stores in the U.S., leaving it with more than 4,000 U.S. locations.

For the period ended May 3, RadioShack Corp. lost $98.3 million, or 97 cents per share. That compares with a loss of $28 million, or 28 cents per share, a year earlier.

Excluding certain items, its loss from continuing operations was 98 cents per share. Analysts, on average, expected a loss of 52 cents per share, according to a FactSet poll.

Revenue for the company declined 13 percent to $736.7 million from $848.4 million. Wall Street was calling for $767.5 million.

Sales at stores open at least a year, a key gauge of a retailer's health, fell 14 percent on softer traffic and weakness in the mobile business. This metric excludes results from stores recently opened or closed.

Shares of RadioShack fell 18 cents to $1.36 in afternoon trading. Its shares have dropped almost 61 percent over the past year.

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