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RadioShack sees stock jump on investment report

Fort Worth-based RadioShack saw its stock increase as much as 45 percent on Friday as investor Standard General LP said it was continuing talks on new financing for the electronics retailer.

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Fort Worth couple gets in 'Shark Tank,' comes out with deal

A Fort Worth couple who started a business when they couldn’t sleep, were the first entrepreneurs to get a deal on ABC’s Shark Tank in the season premiere on Sept. 26.

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20 from Dallas-Fort Worth on Forbes wealthiest list

There are 20 Dallas-Fort Worth residents listed among the 400 richest Americans, according to the Forbes 400 list of The Richest People in America 2014.

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Internal audit says EPA mismanaged Fort Worth project

FORT WORTH, Texas (AP) — An internal audit by the U.S. Environmental Protection Agency reveals the agency mismanaged an experiment using new ways to demolish asbestos-ridden buildings.

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Texas Wesleyan acquires two strip shopping centers on East Rosedale

Texas Wesleyan University has purchased two strip shopping centers on East Rosedale Street across from its Southeast Fort Worth campus, the university’s president said Friday.

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Oil rises on Iraq conflict, upbeat China data


The Associated Press

HONG KONG (AP) — The price of oil rose Monday, with global crude hovering near a nine-month high, after Islamic militants captured more territory in Iraq and a report on Chinese manufacturing indicated that the No. 2 economy is on the mend.

In a blitz through Iraq's western desert over the weekend, the insurgents captured four towns and three border crossings on the country's frontiers with Jordan and Syria, greatly expanding territory under their control in the country's north.

"Any spillovers of fighting into the oil-producing southern parts of Iraq will likely take oil, in particular the Brent prices (already buoyed at US$115 a barrel) up by another leg," Mizuho Bank analysts in Singapore said in a report.

Brent crude, used to price international oils, jumped 63 cents to $115.44 a barrel in London, close to last Thursday's $115.71, its highest level since Sept. 9 last year.

Benchmark U.S. crude for August delivery rose 34 cents to $107.17 per barrel in electronic trading on the New York Mercantile Exchange. The contract rose 78 cents to settle at $106.83 on Friday.

The early version of HSBC's monthly China manufacturing survey showed activity expanded for the first time this year, indicating that the slowdown in the country's economy is bottoming out, which would lead to increased energy demand.

In other energy futures trading on the Nymex:

— Wholesale gasoline rose 1.5 cents to $3.11 a gallon.

— Natural gas dropped 0.6 cent to $4.53 per 1,000 cubic feet.

— Heating oil added 0.1 cent $3.0682 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?