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New arena at Will Rogers takes shape


The proposed Will Rogers Memorial Center arena continues to take shape as voters head for a Nov. 4 election to decide whether to approve new taxes to help pay for the $450 million facility.

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Fort Worth-based Woodmont plans $80M Hard Rock Hotel retail center

Woodmont Outlets of Fort Worth, an affiliate of The Woodmont Co., has partnered with Cherokee Nation Businesses for a proposed upscale retail development at Hard Rock Hotel & Casino Tulsa.

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Cooking Class: Fort Worth chef brings home the gold

Toques off to Timothy Prefontaine. The executive chef at the iconic Fort Worth Club is currently the best in the nation, according to the American Culinary Federation. Prefontaine earned the title of 2014 U.S.A.’s Chef of the

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Barnett still packs economic punch, study finds

Despite reduced drilling and unstable gas prices, Fort Worth continues reaping the rewards of the Barnett Shale, according to a newly released study by The Perryman Group.7

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Fort Worth firm 'simplifies' advertising

Reaching customers requires more than price slashing and flashy ads. In today’s competitive marketplace, machines – not men and women – are essential to tapping new markets and

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Huawei won't hang up on U.S. smartphone market

Huawei is a telecom giant, but it's struggling to crack the U.S. market.

Credit: Courtesy Huawei

 

Charles Riley and Kristie Lu Stout


SHENZHEN (CNNMoney) -- China's largest telecommunications firm says it will continue to sell its phones in the United States, even as national security concerns keep the company's equipment out of American telecom networks.

Huawei made its name selling telecom equipment, and specializes in building the routers and switches needed for national communication systems. But it's been unable to crack the U.S. hardware market, with several attempts falling foul of regulators.

Huawei's ultimate goal was to sell its equipment to American providers like AT&T and Verizon -- a lucrative business with the potential to boost profits.

But lawmakers are worried that granting Huawei access to American networks could open the door to hackers or spies from China -- charges that Huawei has strenuously denied.

Late last year, Congress issued a report that was very critical of the company's activities -- effectively shutting Huawei out of the infrastructure market.

But Huawei also makes smartphones, and has spent billions in an effort to produce devices that can compete in a crowded international marketplace. The phones are being sold in the U.S., where they have captured a small share of the market.

Richard Yu, CEO of Huawei's Consumer Business Group, told CNN that the company remained committed to the American market. "Gradually, step by step, more and more people will trust Huawei," Yu said. "I think with a brand, the most important thing is trust."

Still, sales in America make up only a sliver of Huawei's $35 billion annual revenue, and the company has little brand recognition. Even consumers familiar with Huawei products can have trouble pronouncing the company's name.

The Shenzhen-based company isn't limiting its ambitions to the U.S. market. It also wants to chip away at Samsung and Apple's global dominance.

It's working: In the fourth quarter of last year, Huawei shipped 10.8 million smartphones, jumping ahead of Sony, Nokia and smaller Chinese firm ZTE, according to research firm IDC. Huawei trailed only Apple (47.8 million units) and Samsung (63.7 million units).

Huawei has shown flashes of innovation along the way, releasing a water-resistant model and the world's thinnest smartphone. It also pioneered a phone that features a very large display.

"In the past everyone understood that the best smartphones were from Apple, or later Samsung," Yu said. "But starting from this year on, we want more and more people to understand the best smartphone is from Huawei."

 

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What do you think of the new plans for a new Will Rogers arena and changes at the Convention Center?