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Dallas Fed's Fisher, Philadelphia Fed leaders to retire in 2015

WASHINGTON — The outspoken president of the Federal Reserve Bank of Philadelphia will step down in March, shortly before the central bank is expected to raise interest rates for the first time since the recession, the regional bank said Monday.

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Ex Rangers manager Washington apologizes for 'breaking wife's trust'

IRVING, Texas (AP) — Former Texas Rangers manager Ron Washington says he is embarrassed for 'breaking his wife's trust.'

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Troubled RadioShack files SEC form, talks with 'major vendor'

RadioShack Corp.’s latest filing with the U.S. Securities and Exchange Commission describes recent discussions that “could be beneficial to the financial restructuring of the company.”

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REIT plans demolition of Fort Worth's Westchester Plaza, mixed-use redevelopment

The developer is seeking a $3.8 million reimbursement from the Southside tax increment finance district.

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Road Show: City leaders prepare campaign to corral votes for $450 million arena

Fort Worth’s biggest backers of a new arena at the Will Rogers Memorial Center are leaving little to the chance of a “no” vote in a citywide election Nov. 4 to decide on new fees that would fund 15 percent of the $450 million project.

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Devon selling some oil, gas assets to Linn Energy for $2.3 billion

OKLAHOMA CITY (AP) — Oil and gas exploration company Devon Energy Corp. is selling some U.S. oil and gas properties to Linn Energy LLC for $2.3 billion.

The properties include those in the Rockies, onshore Gulf Coast and Mid-Continent region, Devon said on Monday. The sale is part of a transformation plan the company announced late last year in which it was looking to sell non-core assets. The properties being sold to Linn Energy produced 275 million cubic feet of natural gas equivalent per day, with proved reserves of 1.242 trillion cubic feet of gas equivalent.

Oklahoma City-based Devon will have lowered its debt by more than $4 billion this year once the sale is complete.

Houston-based Linn Energy said it plans to finance the transaction by selling its Granite Wash assets and other non-producing acreage. The Granite Wash and Cleveland properties are located in the Texas Panhandle and western Oklahoma.

The deal is expected to close in 2014's third quarter.

Devon's stock added 13 cents to $79.63 in morning trading, while shares of Linn Energy rose 23 cents to $31.89.

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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?