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  • American Airlines beats 2Q profit forecasts Friday, 24 Jul 2015 | 7:09 AM ET

    FORT WORTH, Texas— Dramatically cheaper jet fuel helped American Airlines nearly double its second-quarter profit to $1.7 billion despite lower revenue. "Our largest cost has fallen 50 percent" since last summer, said CEO Doug Parker. American's fuel bill dropped by more than $1 billion— a 37 percent savings— compared with the same quarter last year.

  • MILLSAP, Texas— Billionaire Alice Walton plans to sell all of the cutting horses from her North Texas ranch as she gets out of the breeding business. Western Bloodstock Ltd. will conduct the sale at Walton's Rocking W Ranch near Millsap, 40 miles west of Fort Worth. Walton, who's bred cutting horses since she was a teenager, is the daughter of Wal-Mart founder Sam...

  • DALLAS— Southwest Airlines is packing more passengers on planes than last summer and paying sharply lower prices for fuel. Southwest said Thursday that it earned a record $608 million in the second quarter, up 31 percent from a year earlier. Southwest benefited from the sharp drop in oil prices late last year.

  • Man arrested in laser pointer incidents near DFW airport Wednesday, 22 Jul 2015 | 1:27 PM ET

    No crewmembers or passengers were hurt but controllers changed the flight paths of the aircraft, which continued on to DFW airport, Dallas Love Field or Alliance Airport in Fort Worth, according to the Federal Aviation Administration. Austin Lawrence Siferd, 23, of Alvarado, was arrested on a misdemeanor charge of illumination of an aircraft by intense light.

  • BILLINGS, Mont.— A train that derailed and spilled 35,000 gallons of oil in northeastern Montana was traveling within authorized speed limits, federal officials said Monday as they continued to probe the accident's cause. The Burlington Northern Santa Fe Railway train loaded with crude from North Dakota was traveling 44 mph before Thursday's wreck, U.S....

  • BRENHAM, Texas— Blue Bell's chief executive told shareholders this week that Texas billionaire Sid Bass will lend the company up to $125 million, and that the investment is essential for the popular ice-cream maker to remain in business, according to a published report. Texas- based Blue Bell on Tuesday announced that Bass would become an investor, but no terms...

  • SAN FRANCISCO, July 15- Venture-backed lender ZestFinance is raising its standards: its latest product targets subprime borrowers. "Our motivation was middle America, where a small problem, a health issue or bad divorce, could push a perfectly hard-working person out of the core banking system," ZestFinance chief executive Douglas Merrill told Reuters by email.

  • SAN FRANCISCO, July 7- Facebook Inc announced plans on Tuesday to build a new data center in Fort Worth, Texas, its fourth in the United States and fifth overall. The center will also be powered entirely by renewable energy, Tom Furlong, Facebook's vice president of infrastructure, wrote in a blog post. Facebook opened its first data center in Prineville, Oregon, in...

  • Facebook to build new data center in Forth Worth Tuesday, 7 Jul 2015 | 1:55 PM ET

    SAN FRANCISCO, July 7- Facebook Inc announced plans on Tuesday to build a new data center in Fort Worth, Texas, its fourth in the United States and fifth overall. The center will also be powered entirely by renewable energy, Tom Furlong, Facebook's vice president of infrastructure, wrote in a blog post. Facebook opened its first data center in Prineville, Oregon, in...

  • June 26- A federal appeals court on Friday ordered a union negotiating seniority rights of former US Airways and America West pilots to stop favoring the US Airways pilots, in a divisive decade-old dispute overhanging the 2013 merger that created American Airlines Group Inc.. By a 2-1 vote, the 9th U.S. Circuit Court of Appeals instructed the US Airline Pilots...

  • Buyout firm TPG says former spokesman has dropped lawsuit Wednesday, 17 Jun 2015 | 3:14 PM ET

    June 17- TPG Capital LP said on Wednesday its former head of public affairs, who had accused it of violating securities regulations and defrauding investors out of millions of dollars, had agreed to drop his lawsuit against the buyout firm. In his lawsuit in April, Levine stated he had contacted the SEC about his concerns. An SEC spokeswoman declined to comment on...

  • Suspect in Dallas police shootout believed dead Saturday, 13 Jun 2015 | 12:53 PM ET

    A suspected gunman who ambushed Dallas police headquarters Saturday morning was shot and is believed to be dead, officials said.

  • Don't mess with Medicaid expansion? Texas' lesson Friday, 29 May 2015 | 3:38 PM ET
    Former Texas Gov. Rick Perry (L) leads a press conference with UT Southwestern Medical Center President Daniel Podolsky.

    Texas is forgoing about $100 billion in federal funds by not expanding a major health program for the poor.

  • Still a great time to buy: Home Builders Assoc. Thursday, 28 May 2015 | 4:30 PM ET
    Laborers raise a wall on a new home under construction at Taylor Morrison Home Corp.'s La Solara Community in Dublin, California.

    Despite talk of a hot real estate market, housing is affordable in much of the nation, the National Assoc. of Home Builders CEO says.

  • 7 major housing markets now 'overvalued' Friday, 22 May 2015 | 12:54 PM ET
    Aerial view of an Austin, Texas suburb.

    Seven out of the top 100 metropolitan U.S. housing markets are considered overvalued, compared to four last fall.

  • UPDATE 1-U.S. judge rules RadioShack IP auction was fair Wednesday, 20 May 2015 | 4:13 PM ET

    May 20- A U.S. bankruptcy judge on Wednesday cleared the way for RadioShack Corp to sell its brand name and customer data to a Standard General affiliate for about $26 million, rejecting a competing bidder's claim that the auction process was unfair. Those matters were the last major hurdles to the bankrupt electronics chain's plan to sell its intellectual...

  • May 18- TPG Capital LP may have helped its own campaign to go public after pulling Par Pharmaceutical Holdings Inc's IPO. TPG was preparing to begin an IPO investor roadshow for Par Pharmaceutical Holdings before it agreed to sell the generics drugmaker to Endo International Plc for around $8 billion. Founded in 1992 by David Bonderman and James Coulter, San...

  • NEW YORK, May 14- After 20 years in the oil business, Craig Reed, 62, is thinking about winding down his career just as a second downturn in six years rocks the industry. For him, it is maybe two more projects and then retirement beckons, with a holiday home in Maine that needs work. Industry data show energy firms have cut at least 125,000 jobs worldwide since crude...

  • May 12- TPG Capital LP partner John Marren has a reputation for savvy technology investments and for leading the private equity firm's technology buyouts team. Several companies in TPG's portfolio, including telecommunications equipment company Avaya Inc, chipmaker Freescale Semiconductor Ltd and financial software group SunGard Data Systems Inc, on...

  • May 11- American Airlines Group raised its estimate for jet fuel costs and cut its margin forecast for the current quarter, reflecting the more than 10 percent rise in U.S. crude oil prices since the start of the year. The company said it would pay $1.94- $1.99 per gallon of jet fuel in the second quarter ending June 30, up from it previous estimate of $1.84- $1.89.