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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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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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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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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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AMR soldiers on despite Justice Dept. moves

 

DALLAS (AP) — American Airlines parent AMR Corp. plans to ask a bankruptcy judge on Thursday to approve its turnaround plan that includes a merger with US Airways, even though the federal government has sued to block the deal.

The hearing in New York had been expected to be one of the final steps before AMR could close the merger and exit bankruptcy protection after nearly two years.

But AMR could spend several more months in bankruptcy court while it fights to save the merger. The U.S. Justice Department and six states sued to block the deal on Tuesday, saying it would hurt competition and cause consumers to pay higher fares.

AMR executives "would have preferred that (Thursday's) hearing be the final episode in this long effort," said Joe Sims, an antitrust lawyer in Washington who was hired by American. "It's not going to be now, and they will deal with that."

AMR filed for bankruptcy protection in November 2011 after losing billions of dollars in the previous decade. The company, which also owns the American Eagle regional airline, has used the bankruptcy process to rework labor contracts and claim other cost savings. Last month, it reported its first second-quarter profit in six years.

In February, it announced plans to merge with US Airways, a deal that would make American the world's biggest airline in terms of miles flown by passengers.
 

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