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Trademark closes on 63-acre Waterside site in Fort Worth

Construction begins Oct. 20 on the development, to be anchored by a Whole Foods Market.

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UPDATE: $215M hotel, indoor ski project planned for Grand Prairie

Officials in Grand Prairie are expected later today to announce a $215 million project that will include a Hard Rock Hotel and an indoor ski facility.

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Two Fort Worth council members propose temporary single-family moratorium around TCU

The moratorium would apply to new permits for single-family homes around TCU, and give the city time to figure out what to do with a controversial proposed overlay in several neighborhoods around the university.

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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.

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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.

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Oil heads toward $108 as US economy brightens

PAMELA SAMPSON, AP Business Writer

BANGKOK (AP) — Oil prices rose Thursday after new U.S. indicators underlined a modest recovery in the world's biggest economy.

Benchmark oil for October delivery was up 28 cents to $107.51 at midday Bangkok time in electronic trading on the New York Mercantile Exchange. The contract fell Wednesday by $1.31, or 1.2 percent, to close at $107.23 a barrel on the Nymex.

A jump in U.S. auto sales helped brighten the outlook for oil consumption. General Motors and other U.S. carmakers posted strong sales in August, giving the auto industry its best month in six years.

The Federal Reserve also said Wednesday that surveys showed moderate growth throughout the country.

What's more, the economies of the Europe and Japan are finally growing. Japan's central bank said Thursday that the world's No. 3 economy was recovering "moderately." The combined economy of the 17 euro currency nations grew 0.3 percent in the second quarter of 2013 after 18 months of recession. Chinese manufacturing has turned a corner after a prolonged slump.

Investors will be monitoring fresh information on U.S. stockpiles of crude and refined products.

Data for the week ending Aug. 30 is expected to show draws of 2.5 million barrels in crude oil stocks and 1 million barrels in gasoline stocks, according to a survey of analysts by Platts, the energy information arm of McGraw-Hill Cos. The Energy Department's Energy Information Administration — the market benchmark — will be out on Thursday.

Brent, the benchmark for international crudes, rose 17 cents to $115.08 a barrel on the ICE Futures exchange in London. Prices of Brent have risen sharply due to fears the U.S. could intervene militarily in Syria's civil conflict.

"The likelihood of an international military intervention in the conflict in Syria, and therefore a general deterioration of the security situation in the broader region, increased markedly over the past week due the escalation of violence in the non-OPEC country," said analysts at Goldman Sachs in a newsletter commentary.

In other energy futures trading on Nymex:

— Wholesale gasoline fell 0.2 cent to $2.863 per gallon.

— Heating oil rose 0.1 cent to $3.138 per gallon.

 

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