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Group buys former Armour meatpacking site in Stockyards

The 16.8-acre site of the historic, former Armour meatpacking plant in Fort Worth’s Stockyards has changed hands, and its new owners aren’t saying anything about their plans. Chesapeake Land Development Co., which bought the site

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Social House Fort Worth plans to open mid-November

Social House has leased 5,045 square feet at 2801-2873 W Seventh St. in Fort Worth, according to Xceligent Inc.

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Ski Grand Prairie? TCU, UTA grad helping bring snow to Metroplex

For Levi Davis last week may have been a career peak, in more ways than one.

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GE rises most in year with equipment order increases, including at Fort Worth locomotive unit

NEW YORK — General Electric Co. beat analysts' profit estimates in the third quarter as Chief Executive Officer Jeffrey Immelt squeezed more costs from the manufacturing units.

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Cheesecake Factory gets ready to serve; Sundance tree lighting set

The Cheesecake Factory at Sundance Square will open on Dec. 9, officials with Sundance announced today. The 8,800-square-foot restaurant - being built in the

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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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