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Fort Worth's TPG takes controlling interest in Hollywood, sports powerhouse

A Fort Worth firm has gone Hollywood.

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Downtown Fort Worth TIF reaches parking agreement with four garages

The TIF board will meet Oct. 29 to consider the agreements.

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Oil price drop goes unnoticed in Texas' Eagle Ford shale

CUERO, Texas — From her vantage point of the U.S. shale oil boom, Jill Potts doesn't see anything to worry about.

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Renovated Daniel-Meyer to put TCU basketball in the spotlight

You might say the Texas Christian University men’s basketball team was the sacrificial lamb in the university’s football-motivated move from the Mountain West Conference to the Big 12 Conference. The rising

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E-Mist finds focus: Ebola gives infection control start-up its moment in spotlight

In the space of 72 hours, George Robertson found his company’s products on the cover of The New York Times and himself on CNN and WFAA, along with innumerable mentions in various media around the world.

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SEC: Houston oil company made fraudulent claims

 

HOUSTON (AP) – The federal Securities and Exchange Commission has determined that a Houston oil and gas company misled investors by making fraudulent claims about its oil reserves.

The SEC announced Monday that Houston American Energy Corp. and its CEO, John F. Terwilliger, had claimed that a Colombian exploration venture had yielded between 1 billion and 4 billion barrels of oil reserves. But the SEC says the estimates "lacked any reasonable basis."

SEC officials say false claims made by the company in 2009 and 2010 allowed it to raise about $13 million in a public offering and saw its stock price increase from $5 per share to $20. Houston American now trades for about 40 cents per share.

A phone message left for an attorney representing Houston American was not immediately return.
 

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