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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 Superintendent candidate withdraws from consideration

And then there were none. The lone Fort Worth ISD Superintendent candidate, Dr. Joel D. Boyd, has informed the Fort Worth ISD Board of Education that he is

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Wal-Mart slashes iPhone 5 and iPad prices

Apple announces iOS7. The new update overhauls the operating system for the iPhone, iPad and MacBook.
Credit: Apple Inc.

David Goldman

NEW YORK (CNNMoney) -- IPhone discounts are typical this time of year, but Wal-Mart's will be tough to beat.

The retail giant said it has slashed the price of the 16 gigabyte iPhone 5 to $98. Wal-Mart had previously offered it for $129 -- still far cheaper than the usual $200 price tag of the iPhone 5. To get the discount, customers will need to sign a new two-year contract with AT&T, Verizon or Sprint.

Wal-Mart also cut $50 off the price of its 10-inch iPads. The latest iPad with Retina Display now costs $449 and the price of the iPad 2 is $349. The $330 iPad mini did not get a discount.

The price cuts come as Apple is widely expected to be unveiling a new iPhone and possibly a new iPad on Sept. 10. Retailers often slash prices to clear out inventory ahead of a new product launch.

RadioShack is currently offering a $50 discount on all iPhones, including the iPhone 4S and iPhone 4, and customers don't need to sign a new contract to get the price-cut. T-Mobile is offering the iPhone 5 for $149 with a new two-year payment plan.

And like Wal-Mart, Best Buy is offering $100 off the iPhone 5, but customers need to trade in their old iPhone to get the deal -- not such a bargain when you consider older iPhones are fetching as much as $300 in some channels.

But Wal-Mart's deal undercuts all of them.

The retailer also cut the price of the iPhone 4S to $39, down from $89. Most iPhone 4S smartphones sell for $100 with a new contract.

At the same time, Wal-Mart slashed the price of the Samsung Galaxy S4 to $138, a $10 price cut on the Verizon version and a $30 discount on the AT&T edition.

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