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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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Dallas developer confirmed to build Walsh Ranch in west Fort Worth

Dallas-based Republic Property Group has been chosen to lead Walsh Ranch development as the 7,200-acre residential community takes shape in west Fort Worth.

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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

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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Oil remains above $105 ahead of US housing data
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PAMELA SAMPSON, AP Business Writer

 

BANGKOK (AP) — The price of oil rose slightly Friday, ahead of the release of an economic report in the U.S.

Benchmark oil for October delivery gained 5 cents to $105.08 per barrel at midday Bangkok time in electronic trading on the New York Mercantile Exchange. The contract rose $1.18 to close at $105.03 a barrel on the Nymex on Thursday.

The eurozone's purchasing managers' index, a key gauge of growth in both the manufacturing and services sectors, rose to 51.7 points in August from 50.4 in July, according to financial information company Markit. It was the highest reading since June 2011 and supported expectations that the eurozone's recovery from recession is gaining momentum.

Still, traders said the eurozone's recovery was uneven and being driven by outsized momentum from Germany.

"Output levels slowed notably in France in both the sectors, in sharp contrast to strong outcomes out of Germany. This validates the fragile nature of the turnaround in activity, as growth is not on firm ground even amongst the core member countries," said analysts at DBS Bank Ltd. in Singapore in a commentary.

Traders will turn their attention later in the day to the release by the U.S. government of new home sales for July. The data is key to evaluating the strength of the housing market, a critical element of the overall economy.

Brent crude, which sets prices for imported oil used by many U.S. refineries, rose 27 cents to $110.17 a barrel on the ICE Futures exchange in London.

In other energy futures trading on Nymex:

— Heating oil rose 0.7 cent to $3.0811 per gallon.

— Natural gas rose 0.1 cent to $3.546 per 1,000 cubic feet.

— Wholesale gasoline gained 0.9 cent to $2.8478 per gallon.

 

 

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