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Ebby Halliday acquires Fort Worth’s Williams Trew

Williams Trew Real Estate of Fort Worth has been acquired by Dallas-based residential real estate brokerage Ebby Halliday Real Estate Inc.

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Meridian Bank Texas parent acquired by UMB Financial for $182.5M

Kansas City, Mo.-based UMB Financial Corp., the parent company of UMB Bank, said Dec. 15 it has signed a definitive agreement to acquire Marquette Financial Companies in an all-stock transaction.

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T&P Warehouse: Historic building remains in limbo as area redevelops

For years, the historic T&P Warehouse on West Lancaster Avenue downtown, built in 1931 to house freight for the Texas Pacific Railway, has sat vacant and deteriorating.

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Cousins Properties to sell 777 Main tower in downtown Fort Worth

Cousins Properties Inc. has confirmed plans to sell the 777 Main office tower in downtown Fort Worth, according to a news release from the Atlanta-based real estate investment firm.

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Glen Garden sale closes, distillery on tap

Firestone & Robertson Distilling Co. closed late Wednesday on its purchase of the historic Glen Garden Country Club in southeast Fort Worth, with plans to convert it into a whiskey distillery and bucolic visitor attraction.

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Oil nearly $106 after China shows recovery signs

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PAMELA SAMPSON, AP Business Writer

BANGKOK (AP) — The price of oil rose slightly Monday after improved Chinese economic data last week suggested demand for crude might increase.

Benchmark oil for September delivery was up 2 cents to $105.99 a barrel at late afternoon Bangkok time in electronic trading on the New York Mercantile Exchange. The contract gained $2.57, or 2.5 percent, to close at $105.97 on Friday.

"I think we're seeing a bit of upward momentum from China," said Ric Spooner, chief market analyst at CMC Markets in Sydney. China said Friday that its factory output and auto sales accelerated in July.

Spooner also said traders were looking ahead to Thursday, when the U.S. government releases inflation figures for July.

The U.S. Federal Reserve has a target of 2 percent for inflation. The fact that inflation is falling below that target has prompted some Fed officials to be concerned about a potential bout of deflation, which could be harmful to economic growth.

Lower-than-anticipated inflation could cause the Fed to delay the scaling back of its stimulus program, which was launched more than four years ago to help the world's biggest economy weather the fallout from the global financial crisis.

In June, Bernanke said the Fed will likely slow its bond-buying this year and end it in 2014 because the economy is strengthening.

In other energy futures trading on Nymex:

— Heating oil rose 0.1 cent to $2.995 a gallon.

— Natural gas rose 2.8 cents to $3.258 per 1,000 cubic feet.

— Wholesale gasoline fell 0.9 cent to $2.899 a gallon.

 

 

 

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