Join The Discussion

 

RadioShack sees stock jump on investment report

Fort Worth-based RadioShack saw its stock increase as much as 45 percent on Friday as investor Standard General LP said it was continuing talks on new financing for the electronics retailer.

read more >

Fort Worth couple gets in 'Shark Tank,' comes out with deal

A Fort Worth couple who started a business when they couldn’t sleep, were the first entrepreneurs to get a deal on ABC’s Shark Tank in the season premiere on Sept. 26.

read more >

20 from Dallas-Fort Worth on Forbes wealthiest list

There are 20 Dallas-Fort Worth residents listed among the 400 richest Americans, according to the Forbes 400 list of The Richest People in America 2014.

read more >

Internal audit says EPA mismanaged Fort Worth project

FORT WORTH, Texas (AP) — An internal audit by the U.S. Environmental Protection Agency reveals the agency mismanaged an experiment using new ways to demolish asbestos-ridden buildings.

read more >

Texas Wesleyan acquires two strip shopping centers on East Rosedale

Texas Wesleyan University has purchased two strip shopping centers on East Rosedale Street across from its Southeast Fort Worth campus, the university’s president said Friday.

read more >

Oil falls to near $106 after US home sales drop
 
PABLO GORONDI, Associated Press
 
The price of oil fell to around $106 a barrel Tuesday after weak U.S. home sales figures and ahead of a weekly report on America's inventories of crude that was expected to show another drop in supplies.
By early afternoon in Europe, benchmark crude for September delivery was down 96 cents at $105.98 a barrel in electronic trading on the New York Mercantile Exchange.
Oil slid $1.14 on Monday after the government said sales of previously occupied homes in the U.S. slipped 1.2 percent in June to a seasonally adjusted annual rate of 5.08 million. Any sign that the U.S. economic recovery is slowing can cause the oil price to fall.
Analysts said speculative trading was also likely behind the sudden turnaround in the oil price.
"Profit-taking by short-term-oriented financial investors is doubtless to blame for the sharp fall," said a report from Commerzbank in Frankfurt. "The fact that the WTI price twice failed to achieve the $109 per barrel mark is likely to have prompted initial investors to unwind their positions. That said, it is possible that these same investors will re-enter at lower prices."
WTI, or West Texas Intermediate, is the crude oil type behind the benchmark Nymex contract.
Investors will later be monitoring fresh information on U.S. stockpiles of crude and refined products.
Data for the week ending July 19 is expected to show a draw of 2.6 million barrels in crude oil stocks and a build of 800,000 barrels in gasoline stocks, according to a survey of analysts by Platts, the energy information arm of McGraw-Hill Cos.
The American Petroleum Institute will release its report on oil stocks later Tuesday, while the report from the Energy Department's Energy Information Administration — the market benchmark — will be out on Wednesday.
Sharp drops in U.S. crude supplies for the past three weeks have helped propel oil to its highest price in about 16 months.
Brent crude, which is traded on the ICE Futures exchange in London, was down 29 cents at $107.86 a barrel.
In other energy futures trading on the Nymex:
— Wholesale gasoline lost 1.9 cents to $2.9992 a gallon.
— Heating oil retreated 1.08 cents to $3.058 a gallon.
— Natural gas gained 0.6 cent to $3.683 per 1,000 cubic feet.
 
 
 

 

< back

Email   email
hide
Arena
What do you think of the new plans for a new Will Rogers arena and changes at the Convention Center?