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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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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

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Plans for Grand Prairie indoor ski resort, Hard Rock Hotel evaporate

Plans for a $215 million indoor ski resort and Hard Rock Hotel in Grand Prairie have been shelved. Sherman Thurston, a member of the development team, sent a

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Oil marches past $108 on favorable economic data

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PAMELA SAMPSON, AP Business Writer

BANGKOK (AP) — Oil prices breezed past $108 per barrel Friday, with traders emboldened by record highs on Wall Street and data showing an upswing in U.S. factory output.

Benchmark crude for September delivery rose 67 cents to $108.56 per barrel at midday Bangkok time in electronic trading on the New York Mercantile Exchange. The contract rose $2.86 a barrel Thursday, or 2.7 percent, to close at $107.89 a barrel on the Nymex on Thursday.

Oil prices are being fueled by the same optimism that pushed Wall Street to new highs Thursday. The Standard & Poor's 500 index and the Dow Jones industrial average both set record highs, and the S&P 500 crossed the 1,700 mark for the first time.

The Institute for Supply Management, a trade group of purchasing managers, said its index of U.S. manufacturing jumped to 55.4 in July, up from 50.9 in June and well above an expected reading of 51.8. A number above 50 indicates growth.

On Friday, hiring figures for July will be released, then examined for hints about future energy demand in the world's No. 1 economy.

In a commentary, Michael Hewson of CMC Markets said that report "could well add the final flourish to a record week, and a perfect start to August."

Brent crude, traded on the ICE Futures exchange in London, rose 50 cents to $110.04 per barrel.

In other energy futures trading on the Nymex:

— Heating oil was up 0.9 cents to $3.1055 a gallon.

— Natural gas fell 3 cents to $3.362 per 1,000 cubic feet.

— Wholesale gasoline rose 0.2 cents to $3.0305 a gallon.

 

 

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