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TCU rises 20 places on influential U.S. News & World Report ranking

St. John's College in Annapolis, Md., has long disdained the rankings game. The liberal arts school, which focuses on the great works of Western civilization, was known for not responding to requests from U.S. News & World Report for information that the magazine uses to sort the nation's colleges.

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Fort Worth-based Woodmont plans $80M Hard Rock Hotel retail center

Woodmont Outlets of Fort Worth, an affiliate of The Woodmont Co., has partnered with Cherokee Nation Businesses for a proposed upscale retail development at Hard Rock Hotel & Casino Tulsa.

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Barnett still packs economic punch, study finds

Despite reduced drilling and unstable gas prices, Fort Worth continues reaping the rewards of the Barnett Shale, according to a newly released study by The Perryman Group.7

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Time to make more Do-Nuts in DFW

Shipley Do-Nuts has signed a development agreement with Adkins Development Corp. to accelerate expansion in the Dallas-Fort Worth market.

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Leo's Foods to shutter Fort Worth plant, lay off 84

In a filing with the Texas Workforce Commission, Leo’s Foods will begin terminating employees over a 14 day period beginning Oct. 10.

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American Airlines posts March loss, sees 2Q profit

 

FORT WORTH, Texas (AP) — American Airlines' parent lost $105 million in April, but the CEO says AMR Corp. is on track for a strong profit in the April-to-June quarter.

AMR narrowed its loss for April from last year's $142 million by cutting labor costs by $106 million, or 18 percent, to $478 million. The company has eliminated several thousand jobs since filing for bankruptcy protection in November 2011.

AMR also spent $26 million less on fuel, or $722 million. The labor and fuel cuts helped AMR reduce operating expenses by 4 percent, to $1.98 billion.

Revenue, however, slipped more than 2 percent, to $1.99 billion.

In a message to employees, CEO Tom Horton said the company — which hopes to complete a merger with US Airways in September — showed strong improvement in its financial results.

"And if current trends continue, we are well on our way to a strongly profitable second quarter," Horton wrote.

The annual summer vacation season falls during the second and third quarters, making those the strongest of the year for airlines. Horton said American's operation was "running well," boosting its one-time arrival rate to more than 78 percent and reducing cancelations to less than 2 percent of flights, the best mark in seven years.

AMR filed the monthly financial reports with a federal bankruptcy court in New York. The Fort Worth company expects to exit from Chapter 11 protection in September after completing the merger with US Airways.

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What do you think of the new plans for a new Will Rogers arena and changes at the Convention Center?