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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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Dallas-Fort Worth in top five commercial real estate markets in 2015

According to the Emerging Trends in Real Estate 2015 report, just co-published by PwC US and the Urban Land Institute (ULI), Dallas-Fort Worth ranks No. 5, with two other Texas cities, Houston and Austin ranking at No. 1 and 2 respectively. San Francisco ranks No. 3 and Denver No. 4.

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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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Ski Grand Prairie? TCU, UTA grad helping bring snow to Metroplex

For Levi Davis last week may have been a career peak, in more ways than one.

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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 dips to near $106 amid Iran leader change

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PAMELA SAMPSON, AP Business Writer

BANGKOK (AP) — The price of crude fell Tuesday after the swearing-in of a new leader in Iran raised hopes for less tension between the oil-producing Islamic republic and the West.

Benchmark crude for September delivery was down 35 cents to $106.21 per barrel at late afternoon Bangkok time in electronic trading on the New York Mercantile Exchange. The contract fell 38 cents to close at $106.56 on the Nymex on Monday.

Michael Hewson, senior market analyst at CMC Markets, said the "softer" oil price could be attributed to an expected easing of tensions between the U.S. and Iran, whose new leader, Hasan Rouhani, took office Sunday. Rouhani is a moderate cleric who has called for a dialogue with the West.

Iran has faced international oil and banking sanctions over its nuclear program and fears it is being used to develop atomic weapons. Having a new leadership in Tehran "has raised some optimism that this new relationship dynamic will augur a much less confrontational relationship between Iran and the US," Hewson said in an email commentary. "The reopening of a Libyan terminal has also helped to weigh on Brent prices as new supply comes on stream."

Meanwhile, the U.S. Energy Department, the International Energy Agency and the Organization of Petroleum Exporting Countries will this week release their latest assessments of the energy markets, including forecasts for worldwide demand for oil. Analysts are anticipating some downward revisions, given a slowdown in China's economy.

Brent crude, traded on the ICE Futures exchange in London, fell 20 cents to $108.50 per barrel.

In other energy futures trading on the Nymex:

— Heating oil fell 1.3 cents to $3.039 a gallon.

— Natural gas rose 0.6 cent to $3.325 per 1,000 cubic feet.

— Wholesale gasoline fell 1.2 cents to $2.938 a gallon.

 

 

 

 

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