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Two from Fort Worth appointed by Gov. Abbott to university boards

Steve Hicks, a University of Texas System regent who has been a vocal opponent of regents who have criticized the system’s flagship campus in Austin, was reappointed to the board by Gov. Greg Abbott on Thursday. 

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Fort Worth draws closer to deal with Lancaster developer

City staff are planning to introduce the developer Feb. 3 at a meeting of the City Council's Housing and Economic Development Committee.

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Compass BBVA names Happel CEO for Fort Worth

BBVA Compass has appointed Brian Happel, most recently the Fort Worth city president, its chief executive officer of Fort Worth.

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Museum District: Area’s evolution creating more interaction, public spaces

Fifteen years ago if someone had shot a cannon from Fort Worth’s world-renowned museum district, nobody would have noticed, joked Lori Eklund, senior deputy director of the Amon Carter Museum of American Art. But that has changed.

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Energy Transfer Partners, Regency Energy announce $18B merger

Energy Transfer Partners LP of Dallas and Regency Energy Partners LP have entered into a definitive merger agreement.

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IBM buying Dallas-based cloud computing company SoftLayer

 

ARMONK, N.Y. (AP) — IBM is buying cloud computing company SoftLayer Technologies Inc. to expand its online software business.

Financial terms were not disclosed Tuesday.

SoftLayer is a privately held company based in Dallas with 13 data centers in the U.S., Asia and Europe.

Software stored and accessed on the Internet is increasingly popular with businesses because it lets workers in from any Internet-connected device. IBM Corp. started its cloud business in 2007 and has spent $4.5 billion on cloud-related acquisitions in the past five years, according to spokeswoman Colleen Haikes. The Armonk, N.Y., company anticipates hitting $7 billion annually in cloud revenue by the end of 2015.

The acquisition is expected to close in the third quarter. Once the transaction is completed, SoftLayer and IBM's existing SmartCloud unit will be combined in a Cloud Services division under the charge of Erich Clementi, a senior vice president at IBM.

Shares of IBM fell 71 cents to $208.24 in morning trading.


 

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