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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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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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