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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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Southwest opens new chapter: international flights

 

DAVID KOENIG, AP Airlines Writer

DALLAS (AP) – After four decades of expanding to all corners of the lower 48 states, Southwest Airlines flies into new territory on Tuesday – Jamaica, the Bahamas and Aruba.

Southwest is taking over routes flown by AirTran Airways, which it bought in 2011. The company plans to eliminate the AirTran brand by year-end.

Southwest Flight 1804 left Baltimore-Washington International Airport on Tuesday morning for the airline's first overseas flight – to Oranjestad, Aruba. After the first three international destinations, it will add service next month to Cancun and Los Cabos in Mexico, and will start flying to Mexico City and Punta Cana in the Dominican Republic in November.

By late this year, Southwest will operate the flights from eight U.S. cities. Still, its foreign footprint will be tiny compared with rivals American, United and Delta, which fly to Europe, Asia and South America.

Southwest Airlines Co. carries more passengers within the U.S. than any other airline, but only about 1 percent of its passenger-carrying capacity is on international routes. That might not change much. CEO Gary Kelly said recently that international will be "a relatively modest component" of the airline's route system for the next several years.

Still, the international flying, plus expansion in New York, Washington and Dallas, are important as Southwest tries to regain momentum. In recent years, it has dealt with high fuel prices, a tepid U.S. economy, and tougher competition from old rivals as well as newcomers such as JetBlue and Spirit.

Southwest's traffic – the number of miles that passengers fly – grew by double-digit percentages from 2004 through 2006. It hasn't approached that kind of growth since, except in the year that it added AirTran. Last year, traffic grew just 1.4 percent, the second-smallest gain in this century.
 

 

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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?