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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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26-story mixed-use tower planned at Taylor & Fifth in downtown Fort Worth

Jetta Operating Co., a 24-year-old privately held oil and gas company in Fort Worth, and a related entity plan a 26-story mixed-use tower downtown at Taylor and Fifth streets on a site once owned by the Star-Telegram.

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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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Fort Worth breaks ground on $8.6 million South Main renovation

Fort Worth Near Southsiders and city officials broke ground Monday on the 18-month rebuild of South Main Street between Vickery Boulevard and West Magnolia Avenue.

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Oil retreats from 2-year high, falls below $110


PAMELA SAMPSON, AP Business Writer
 
BANGKOK (AP) — The price of oil fell below $110 a barrel Thursday, easing off a two-year high, after a report showed a rise in U.S. crude inventories.
 
Benchmark oil for October delivery was down 72 cents to $109.38 per barrel at midday Bangkok time in electronic trading on the New York Mercantile Exchange.
 
The contract rose $1.09, or 1 percent, to $110.10 a barrel on Wednesday, driven higher by the prospect of Western military intervention in Syria's civil war. That was its highest closing price since May 3, 2011. Earlier in the day, oil charged as high as $112.24.
 
The American Petroleum Institute said crude stocks for the week ended Aug. 23 rose by 2.47 million barrels to about 366.6 million barrels. Rising supplies tend to hold oil prices down.
 
Still, JBC Energy said current developments, such as low spare capacity in Saudi Arabia and signs of an improving global economy, pointed to tighter markets.
 
The oil price has surged 27 percent since touching a low for the year of $86.68 on April 17. Recently, it has been propelled higher by political unrest in Egypt and the threat of U.S. intervention in Syria's civil war. Neither country is a major oil exporter, but traders are concerned that the violence could spread to more important oil-exporting countries or disrupt major oil transport routes.
 
Brent crude, the benchmark for international crudes, fell 76 cents to $115.85 a barrel on the ICE Futures exchange in London.

In other energy futures trading on Nymex:

— Heating oil fell 2.3 cents to $3.188 per gallon.

— Natural gas rose 0.8 cent to $3.59 per 1,000 cubic feet.

— Wholesale gasoline fell 1.7 cents to $2.945 per gallon.

 

 

 

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