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Ebby Halliday acquires Fort Worth’s Williams Trew

Williams Trew Real Estate of Fort Worth has been acquired by Dallas-based residential real estate brokerage Ebby Halliday Real Estate Inc.

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Meridian Bank Texas parent acquired by UMB Financial for $182.5M

Kansas City, Mo.-based UMB Financial Corp., the parent company of UMB Bank, said Dec. 15 it has signed a definitive agreement to acquire Marquette Financial Companies in an all-stock transaction.

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T&P Warehouse: Historic building remains in limbo as area redevelops

For years, the historic T&P Warehouse on West Lancaster Avenue downtown, built in 1931 to house freight for the Texas Pacific Railway, has sat vacant and deteriorating.

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Cousins Properties to sell 777 Main tower in downtown Fort Worth

Cousins Properties Inc. has confirmed plans to sell the 777 Main office tower in downtown Fort Worth, according to a news release from the Atlanta-based real estate investment firm.

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Glen Garden sale closes, distillery on tap

Firestone & Robertson Distilling Co. closed late Wednesday on its purchase of the historic Glen Garden Country Club in southeast Fort Worth, with plans to convert it into a whiskey distillery and bucolic visitor attraction.

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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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Did the College Football Playoff Committee get it right?