Join The Discussion

 

Fresh Ebola fears hit airline stocks

DALLAS (AP) — News that a nurse diagnosed with Ebola flew on a plane full of passengers raised fear among airline investors that the scare over the virus could cause travelers to avoid flying.

read more >

Landscape architect behind several TCU landmarks acquired

The Dallas design firm behind several Texas Christian University projects, as well as Globe Life Park in Arlington and AT&T Stadium, has been acquired by Rvi Planning + Landscape Architecture.

read more >

Fort Worth launching Stockyards design task force

The task force, to be chaired by the Fort Worth architect Eric Hahnfeld, would be responsible for confirming the boundaries of the city's planned Stockyards design district and reviewing the work of a consultant.

read more >

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.

read more >

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.

read more >

Oil remains above $105 ahead of US housing data
File art
 
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.

 

 

< back

Email   email
hide
Ebola
How worried are you about Ebola spreading?