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Fresh Ebola fears hit airline stocks

DALLAS (AP) — News that a nurse diagnosed with Ebola flew on a plane full of passengers raised fear among airline investors that the scare over the virus could cause travelers to avoid flying.

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Landscape architect behind several TCU landmarks acquired

The Dallas design firm behind several Texas Christian University projects, as well as Globe Life Park in Arlington and AT&T Stadium, has been acquired by Rvi Planning + Landscape Architecture.

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Group buys former Armour meatpacking site in Stockyards

The 16.8-acre site of the historic, former Armour meatpacking plant in Fort Worth’s Stockyards has changed hands, and its new owners aren’t saying anything about their plans. Chesapeake Land Development Co., which bought the site

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Social House Fort Worth plans to open mid-November

Social House has leased 5,045 square feet at 2801-2873 W Seventh St. in Fort Worth, according to Xceligent Inc.

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GE rises most in year with equipment order increases, including at Fort Worth locomotive unit

NEW YORK — General Electric Co. beat analysts' profit estimates in the third quarter as Chief Executive Officer Jeffrey Immelt squeezed more costs from the manufacturing units.

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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.
 
 
 

 

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Ebola
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