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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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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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Weatherford's Wild Mushroom to open in Fort Worth's Ridglea Village

Weatherford restaurant staple The Wild Mushroom Steak House & Lounge will be coming to Fort Worth in November, moving into the former site of Ray’s Steakhouse at to 3206 Winthrop Ave. in the Ridglea Village Shopping Center.

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Fort Worth TIF approves incentives for Westchester Plaza redevelopment, second 217-unit apartment property

A California REIT plans to buy the 50-year-old Westchester Plaza, demolish it, and redevelop the site with apartments, retail, medical-office, and parking.

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Geren to chair Sam Rayburn Foundation

Pete Geren and Dee J. Kelly in Sam Rayburn Library in  Bonham. 

Pete Geren, a former member of Congress from Fort Worth and former Secretary of the Army, has been elected chairman of the Sam Rayburn Foundation, replacing longtime chairman Dee Kelly, a Bonham native and Fort Worth attorney who worked as a clerk for Rayburn while attending law school in Washington.

Rayburn was a Democratic lawmaker from Bonham who served as Speaker of the U.S. House of Representatives for 17 years, the longest tenure in history. Rayburn was a mentor to many aspiring political figures in the Lone Star State, including Lyndon B. Johnson, who rose through the ranks of Congress to become president of the United States.

The Sam Rayburn Foundation, a charitable trust formed in Bonham in October 1949, was started with a $10,000 gift from Rayburn, who had received the money in conjunction with an award from Collier's Magazine recognizing Rayburn's service to the nation. The Foundation's Rayburn Museum, including a library that currently houses Rayburn's papers, was acquired by the University of Texas at Austin in 1991 and is currently operated by the Center of American History of the University of Texas Library System.

According to The University of Texas Investment Management Company
(UTIMCO), the initial amount recorded for the Sam Rayburn Library Endowment in 1990 was $3 million. The initial gift from the Sam Rayburn Foundation included the property and contents of the Sam Rayburn Library. According to the 2013 annual report from UTIMCO, the current value of the Rayburn Endowment is $5.2 million.

Geren succeeded former U.S. House Speaker Jim Wright as Fort Worth's congressman in 1989 and served until 1997. He was appointed Acting Secretary of the Air Force in 2005 and Secretary of the Army in 2007. He currently serves as executive director of the Sid Richardson Foundation in Fort Worth. Kelly is a founding partner of the Kelly Hart & Hallman law firm. Kelly, who joined the Rayburn Foundation board in 1976, will continue to serve alongside other trustees, including Rep. Ralph Hall, R-Bonham, the longest serving member of the House of Representatives. Other trustees include Don Carleton, executive director of the Dolph Briscoe Center for American History in Austin; Sharron Cox of Bonham; Carmen Craig of Dallas; and Cindy Kelly Barnes of Austin.
 

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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?