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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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26-story mixed-use tower planned at Taylor & Fifth in downtown Fort Worth

Jetta Operating Co., a 24-year-old privately held oil and gas company in Fort Worth, and a related entity plan a 26-story mixed-use tower downtown at Taylor and Fifth streets on a site once owned by the Star-Telegram.

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UPDATE: Six candidates file for two Water Board seats

Six candidates have filed for the two open seats on the Tarrant Regional Water Board, setting up a battle that could potentially shift the balance of power on the board and the priorities of one of the largest water districts in Texas.

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Top area CFOs honored

The Fort Worth Business Press honored 13 area chief financial officers today with a luncheon at the Fort Worth Club.

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Fort Worth Superintendent candidate withdraws from consideration

And then there were none. The lone Fort Worth ISD Superintendent candidate, Dr. Joel D. Boyd, has informed the Fort Worth ISD Board of Education that he is

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European watchdog approves US Airways, AMR merger

 

AMSTERDAM (AP) — European authorities have cleared US Airways Group Inc.'s proposed merger with American Airlines' parent company, AMR Corp. — on the condition that they give up one slot at London's Heathrow airport and take steps to foster competition on the London-Philadelphia route.

The merger and restructuring plan, which would create the world's biggest airline, must still be approved by a U.S. federal judge before AMR can emerge from bankruptcy, with a hearing expected Aug. 15.

Meanwhile, the U.S. Department of Justice is still reviewing the deal amid complaints that it could lead to reduced competition and higher fares in the U.S.

Joaquin Almunia, the top competition official at the European Commission, the EU's executive branch, said in a statement that the Philadelphia route would have been monopolized without concessions agreed to provisionally by the two airlines.

"On all other transatlantic routes affected by the merger the combined entity will continue to face competition from other strong competitors," including groups led by Delta, United, and Virgin, he said.

European approval for the deal has long been expected, but in the U.S. the situation may be more complicated, despite approval for the deal last week by US Airways shareholders.

In addition to the Justice Department, a number of states have asked for insight into the deal's details, presumably to ensure that hubs and routes touching their regional interests are being preserved.

The companies have said they expect to close the deal by the end of September.
 

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