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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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Cinemark buys Rave Cinemas

Photo by Jon P. Uzzel of Cinemark in Plano

A. Lee Graham
Reporter

Cinemark Holdings Inc. of Plano has completed its acquisition of Dallas-based Rave Cinemas LLC, whose properties include theaters in Fort Worth and Hurst.
The $240 million deal brings Cinemark 32 movie houses totaling 483 screens in 12 states. Based on a Department of Justice final judgment, Cinemark is required to divest three theaters. With the addition of the Rave properties, Cinemark’s diversified domestic footprint expands into 40 states and an additional seven designated market areas, including the New England market.
“The Rave theaters are well positioned in their markets and include multiple patron amenities, including expanded food service offerings and premium large format screens,” said Cinemark CEO Tim Warner, commenting in a news release.
“With this addition, we will extend our presence into new markets and increase our industry leading XD premium large format brand to 129 screens worldwide,” Warner said.
Cinemark Holdings Inc. operates 467 theaters with 5,259 screens in 39 U.S. states, Brazil, Mexico, Argentina, and 10 other Latin American countries. More information is available at http://investors.cinemark.com.

 

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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?