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Ice cancels flights, snarls traffic; snow in North Texas forecast

DALLAS (AP) — More wintry weather was expected across parts of North Texas through Wednesday.

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Riverside: Developer sees revitalization with apartments, townhomes driving commercial projects

A Dallas developer is seeking to rezone more than 18 acres in Fort Worth’s Riverside area overlooking Oakhurst Scenic Drive, the Trinity River and downtown, with plans to build as many as 400 apartments and townhomes aimed at renters who want to live in or near the central city. D

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Dallas developer confirmed to build Walsh Ranch in west Fort Worth

Dallas-based Republic Property Group has been chosen to lead Walsh Ranch development as the 7,200-acre residential community takes shape in west Fort Worth.

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Einstein Bagels closing two Tarrant locations

Einstein Bagels is closing two Tarrant County locations, part of a series of 39 closings around the country, according to the company’s owners, JAB Holding Co.

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Berkshire Hathaway company acquires Fort Worth firm

M&M Manufacturing, a producer of sheet metal products for the air distribution and ventilation market based in Fort Worth, has been acquired by MiTek Industries Inc., a subsidiary of Warren Buffett’s Berkshire Hathaway Inc.,

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D.R. Horton reports 3Q

 

Fort Worth-based D.R. Horton Inc. announced Thursday its third-quarter profit fell to $146 million, or 42 cents per share, down from $787.8 million or $2.22 per share a year earlier. The year earlier quarter included a non-cash tax benefit of $716.7 million from a reduction. Revenue was up 47 percent to $1.6 billion compared to $1.1 billion a year earlier.


Donald R. Horton, Chairman of the Board, said, “Our homebuilding and financial services operations delivered strong results again this quarter, with a 580 basis point improvement in our pre-tax income margin to 12.1 percent and a 184 percent increase in our pre-tax income to $205.1 million,” said Donald R. Horton, chairman of the board. “ Homes sold, closed and in backlog all increased double-digit percentages, while the dollar values all increased 30 percent or more. Our average sales price increased 15 percent to $268,000, reflecting pricing power across most of our markets and increased demand from move-up buyers.”
 

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