FW goes big with Continental, Shaq & Fans; A trademark fight over Holy Cow? Class actions against Schwab, GM and AA.

The Pentagon is withholding about $5 million from Lockheed Martin for every F-35 stealth fighter the company delivers equipped with an unfinished Technology Refresh 3 (TR-3) upgrade.

Continental Tire, one of the world’s largest tire makers, is set to build a $69M facility in southern Fort Worth, according to The Dallas Morning News. Tarrant County records show Continental Tire purchased the land from Hillwood in late 2023. The project is being reviewed and work is set to finish in early 2026, according to the city’s development services department.

Berkshire Hathaway Inc. became the first U.S. company outside of the tech sector to surpass $1 trillion in market capitalization. Berkshire joined six other companies: Apple, Alphabet (Google), Nvidia, Microsoft, Amazon and Meta (Facebook).

The U.S. Department of Labor recovered $103,665 in back wages for 38 employees who were denied overtime pay by Southlake landscaping company J.P. Above & Beyond Landscaping, which classified the workers as independent contractors.

Charles Schwab customers brought a class action against the company in federal court for breaching its fiduciary duties in the way it handles their funds in its cash sweep program. Schwab and its wholly-owned broker-dealer automatically sweep uninvested cash balances in its customers’ accounts and deposit them in affiliated banks, where they can earn interest. The suit claims the sweep method was used to help purchase TD Ameritrade. 

General Motors was ordered by a federal appeals court to face a class action claiming it violated laws of 26 U.S. states by knowingly selling several hundred thousand cars, trucks and SUVs with faulty transmissions. It ruled a lower court judge had discretion to let drivers sue in groups over Cadillac, Chevrolet and GMC vehicles equipped with 8L45 or 8L90 eight-speed automatic transmissions for the 2015-2019 model years.

American Airlines Group and six executives have been targeted with a securities class action in a Texas federal court. The suit accuses the airline of falsely marketing new sales strategies as profitable and concealing the fact that those strategies were unsustainable.

Fort Worth has authorized $1,340,000 in Brownfields Revolving Loan Fund funding to 115 W. 7th LLC. Joseph Slezak of 3L Real Estate, in partnership with 115 W. 7th LLC, said the downtown 16-story property, once asbestos-free, will be 330 studio, one- and two-bedroom apartments. Built in 1952, the building has had Fort Worth National Bank and Oncor as tenants.

No word why, but the Panther City Lacrosse team is no longer, according to the National Lacrosse League. The team played three seasons at Dickies Arena. A dispersal draft of the 14 players was held Monday.

Big Chicken, the buzzy restaurant from Shaquille O'Neal, opened yesterday at 9755 North Freeway in the Victory Shops at Heritage Trace. 

DFW International Airport has begun DFW Forward, a $9-billion capital improvement plan. Renovation of Terminal C and building a sixth terminal (F) head the more than 180 projects planned.

A federal district court judge temporarily blocked part of a social media law designed to prevent Texas children from accessing certain content online. Judge Robert Pitman found the requirement unconstitutional that social media companies filter out harmful content. But Pitman did not block other portions of the law, including a requirement that parents consent to their child creating an account.

Preliminary enrollment numbers for Tarleton State University, which is celebrating its 125th anniversary, are approximately 18,000 students, including 3,000+ freshmen, its largest class ever. Preliminary numbers of enrollment are 2,600 for Tarleton State Fort Worth. That number includes 220 dual-credit, high school/college students.

The University of North Texas Health Science Center at Fort Worth has launched a graduate school and re-named three of its schools to better clarify their focuses.

Don Hankins of Arlington-based Alamo Corporate Group has been inducted into the International Business Brokers Association Hall of Fame for significant and sustained impact with the IBBA and the business brokerage profession. 

Frost Bank SVP Travis Inge announced that the groundbreaking for a Frost Financial Center in Alliance will occur Sept. 26 at 3000 Golden Triangle. 

Dayne’s Craft Barbecue in Aledo earned the No. 6 spot on the list of 22 restaurants in Southern Living’s Best New Barbecue Joints Of 2024. It was one of five Texas restaurants to make the cut.

Holy Cow! There's a trademark fight between restaurant chains over two Harry Carey phrases. 

Today’s trivia: Pennies keep being made, but they’re caught in a trap where people are given them but don’t spend them. So while the American one-cent piece is the single most-produced coin in the history of coins, an estimated 240 billion of them are just lying around the U.S., or roughly $7.24 in pennies for every person. (NYT)

Announcements: 

• Best Lawyers in America: Names Jeff Kearney a Lawyer of the Year for Criminal Defense-White Collar, one of only five honored in Texas.

• Texas Health Resources: Names Jared Shelton President of Texas Health Harris Methodist Hospital Fort Worth, beginning Sept. 22. He has been at Texas Health Harris Methodist Hospital Hurst-Euless-Bedford. 

• Fort Worth Chamber: Hires Henri Nilsen as Business Advocacy Manager. 

• Creative Solutions in Healthcare: Promotes Auston Clanton to COO, effective Jan. 1.

• Tarrant County Black Historical and Genealogical Society: Announces Christene and Frank Moss as recipients of the 2024 Tarrant County Harambee Outstanding Lifetime Achievement Award for exceptional community service. 

• TexasBank: Adds Lee Herron, Mike Monroe and Mark Piland as SVPs in commercial lending.

• Fort Worth Opera: Hires Anthony Pound, Director of Education and Community Engagement. Names four vocalists — Hannah Madeleine Goodman (soprano), Mariam Mouawad (mezzo-soprano), Ndumiso Nyoka (tenor) and Seth-Emmanuel Clarke (bass-baritone) -- as the 2024-25 Hattie Mae Lesley Resident Artists.

• Young Women's Leadership Academy Foundation: Adds Dr. Gracie Guerrero, Gloria Martinez and Stacy Morrissey to its Board.

• Fort Worth: The Will Rogers Memorial Center promotes Christine Gillett to Sales & Events Manager.

• Lone Star International Academy of Television Arts & Sciences: Awards top honor to Bryan Delgado and Rally Department for its "Trail to Fort Worth" commercial for the American Athletic Conference.