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26-story mixed-use tower planned at Taylor & Fifth in downtown Fort Worth

Jetta Operating Co., a 24-year-old privately held oil and gas company in Fort Worth, and a related entity plan a 26-story mixed-use tower downtown at Taylor and Fifth streets on a site once owned by the Star-Telegram.

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UPDATE: Six candidates file for two Water Board seats

Six candidates have filed for the two open seats on the Tarrant Regional Water Board, setting up a battle that could potentially shift the balance of power on the board and the priorities of one of the largest water districts in Texas.

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Fort Worth breaks ground on $8.6 million South Main renovation

Fort Worth Near Southsiders and city officials broke ground Monday on the 18-month rebuild of South Main Street between Vickery Boulevard and West Magnolia Avenue.

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Fort Worth Chamber names Small Business of the Year winners

A trampoline recreation business; an oilfield services company; a longtime aviation maintenance firm; a maker of electrical wiring harnesses. Those were the wide variety of businesses that received the 2015 Small Business of the Year Award from the Fort Worth Chamber of Commerce.

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Body-camera maker has financial ties to former Fort Worth police chief, others

IOWA CITY, Iowa (AP) — Taser International, the stun-gun maker emerging as a leading supplier of body cameras for police, has cultivated financial ties to police chiefs whose departments have bought the recording devices, raising a host of conflict-of-interest questions.

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American Airlines cutting flights to Venezuela

FORT WORTH, Texas (AP) — American Airlines said Tuesday that it will cut nearly 80 percent of its flights to Venezuela in a dispute over revenue being held by the South American country.

American said that beginning July 2 it will operate 10 flights per week instead of the current 48. And it will only fly to Venezuela from Miami, scrapping flights from New York, Dallas and San Juan, Puerto Rico.

The airline says Venezuela is holding on to at least $750 million in revenue that American wants to bring back to the U.S.

Other airlines are locked in similar disputes. The International Air Transport Association, a trade group for major world airlines, said this month that Venezuela is holding $4 billion in airline money because of problems with the country's currency-control system.

Air Canada and Italy's Alitalia have suspended all flights to Caracas and Panama's Copa has reduced service. Several U.S. airlines have also restricted sales there because of the socialist government's refusal to turn over money from sales inside Venezuela.

Last month, the government announced a deal that would let six Latin American airlines including Colombia's Avianca and AeroMexico to repatriate revenue from sales in 2012 and 2013.

Other industries such as drug companies and carmakers have also run into difficulty getting dollars from the government's tightly managed currency system because of a shortage of U.S. dollars.

American has a broad network of flights to Latin America and has flown to Venezuela for nearly 27 years. A spokesman for Fort Worth-based American Airlines Group Inc., Casey Norton, said that American values "our business and longstanding relationships with the government." But, he said, the airline is cutting flights because it is owed $750 million in ticket revenue through March and hasn't been able to resolve the dispute.

"We continue to work with the government of Venezuela on this matter," Norton said.

American currently flies four times per day between Caracas and Miami, once a day between Caracas and San Juan, once a day between Maracaibo and Miami, five times per week between Caracas and New York's Kennedy Airport, and once a week between Caracas and Dallas-Fort Worth International Airport.

Beginning July 2, American said, it will fly daily between Caracas and Miami with an extra flight on Saturdays, and two flights per week between Maracaibo and Miami.

 

 

 

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