Business

Business
7:05 pm
Thu June 13, 2013

Gannett To Buy All 20 Belo TV Stations For $2.2 Billion

WFAA's neon call-letter sign, near downtown Dallas
Simon Bisson Flickr

Belo, the Dallas-based chain of TV stations, was sold today to Gannett in a deal worth 2.2 billion dollars. Twenty stations will change hands, including Belo’s flagship, WFAA-Channel 8. Until now, IT’S been the only locally owned major-network affiliate in North Texas. This deal does NOT include The Dallas Morning News – the newspaper is owned by a spinoff company, A.H. Belo. This deal could reshape the broadcast landscape in North Texas.

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Business
5:30 am
Tue April 16, 2013

Dallas' 21st Century Love Field Upgrade Opens Today

Part of the new Love Field terminal, where seats have cup holders, and every other one offers a power outlet and USB port
Bill Zeeble KERA News

After five years and nearly $520 million, Dallas' newly renovated Love Field Airport officially opens today. Here’s a sample of what the 21st Century terminal will bring to Love Field’s millions of customers.

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Business
7:48 pm
Tue April 9, 2013

What's Next For JC Penney And Its Returning CEO, Replacing The One Just Ousted?

A JC Penney billboard in Arizona.
azbillboard Flickr

Struggling retail giant JC Penney could face bankruptcy if things don’t improve, according to SMU Marketing Professor Ed Fox. 

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1:04 pm
Tue March 19, 2013

Twinkies To Live Another Day

Hostess Brands Inc. is selling Twinkies, along with other snacks including Ding Dongs and Ho Hos, to Apollo Global Management and Metropoulos & Co. for $410 million.
A bankruptcy judge approved the sale of Twinkies, Wonder Bread and most of the other top products of Hostess Brands. A bankruptcy judge has given final approval for the sale of Twinkies, Wonder Bread and many of Hostess Brands' other assets, clearing the way for the iconic products to return to shelves.
1:48 pm
Thu March 14, 2013

Lockheed's F-35 Program In Fort Worth Gets Big Numbers

ProPublica writer Theodoric Meyer says the Joint Strike Fighter being built in Fort Worth is by far the most expensive military project underway, but is unlikely to be wacked hard by sequestration cuts. In a February briefing on sequestration, the White House singled out the Joint Strike Fighter saying the Navy would “reduce procurement” of the plane. Lockheed, with some 17,000 employees in Fort Worth, told KERA: “Until sequestration is permanently eliminated, there will be an overhang on our industry that stifles investment in plants, equipment, people, and future research and development.”
While the F-35 is billions over budget and years behind schedule, the program seems to be doing better recently. A Government Accountability Office report released this week found that Lockheed has made progress in improving supply and manufacturing processes and addressing technical problems. "We've made enormous program over the last few years," Steve O'Bryan, Lockheed's vice president of F-35 business development, told the Washington Post.
Business
7:46 pm
Wed March 13, 2013

J.C. Penney Launches First "Store-In-A-Store" Friday

The Canadian brand Joe Fresh moves into select J.C. Penney stores March 15. Penney hopes it can help revive struggling sales.
J.C. Penney Corporation, Inc.

A Canadian clothing brand called Joe Fresh travels south tomorrow, to about 700 J.C. Penney stores. It’s the first of several Penney ‘store in a store’ lines aimed at younger buyer. Can Joe Fresh can help revive a struggling, stale Plano-based JC Penney?

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Business
3:53 pm
Tue February 26, 2013

Foes Of AA/U.S. Airways Merger Square Off With Defenders In House Hearing

American Airlines and U.S. Airways taxi a step closer to an approved merger after U.S. House Subcommittee hearings
pbs.org

Critics of the proposed American Airlines/U.S.  Airways merger fear the deal will hurt competition and lead to higher fares. Airline representatives say those fears are unfounded. The two sides faced off during a U.S. House subcommittee meeting on Tuesday.

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Business
6:14 pm
Thu February 14, 2013

Merged Airline Could Mean Growth For North Texas

U.S.Airways CEO Doug Parker and American Airlines CEO Tom Horton. Parker will become CEO of the larger, merged airline, Horton will become Chairman and will eventually step down.
Bill Zeeble KERA News

Today’s American Airlines - U.S. Airways merger not only creates the world’s biggest carrier, it could also be like a shot in the arm to the North Texas economy.

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Business
5:18 pm
Tue February 12, 2013

American Airlines-U.S. Airways Merger Could Launch Wednesday or Thursday

The larger American Airlines could merge with the smaller U.S. Airways with U.S. Airways management taking the lead
Ron Monroe Flickr.com

The expected American Airlines – U.S. Airways merger will result in the world’s largest carrier again operating out of Fort Worth. What will the marriage mean for passengers and employees?

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Business
9:40 pm
Fri February 8, 2013

American Airlines Could Merge With U.S.Airways Any Time Now

American Airlines passenger jet
Andrew Morrell flickr

An American Airlines – U.S. Airways merger is expected any time now. Industry watchers say American hasn’t always merged well other carriers in the past. But Holly Hegeman, of Dallas-based PlaneBusiness.com  expects a better outcome this time.

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