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Texas has old, new candidates to offer as presidential hopefuls

The Republican Party has long been riven between its establishment and conservative wings, a split that plays out every four years in the race for the White House.

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Two from Fort Worth appointed by Gov. Abbott to university boards

Steve Hicks, a University of Texas System regent who has been a vocal opponent of regents who have criticized the system’s flagship campus in Austin, was reappointed to the board by Gov. Greg Abbott on Thursday. 

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Fort Worth draws closer to deal with Lancaster developer

City staff are planning to introduce the developer Feb. 3 at a meeting of the City Council's Housing and Economic Development Committee.

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Compass BBVA names Happel CEO for Fort Worth

BBVA Compass has appointed Brian Happel, most recently the Fort Worth city president, its chief executive officer of Fort Worth.

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Two Fort Worth Baylor medical properties acquired

Baylor Surgical Hospital of Fort Worth and Baylor Surgical Hospital Integrated Medical Facility are among three facilities acquired by Carter Validus Mission Critical REIT II Inc.

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Oil dips but stays over $108 before US job report

PAMELA SAMPSON, AP Business Writer

BANGKOK (AP) — The price of oil dipped slightly Friday ahead of the release of a key U.S. employment report.

Benchmark oil for October delivery was down 3 cents at $108.34 per barrel at midday Bangkok time in electronic trading on the New York Mercantile Exchange. The contract gained $1.14 to close at $108.37 on Thursday.

Traders were refraining from big moves before the U.S. Labor Department releases employment data for August. Many investors believe that strong growth will ensure that the Federal Reserve will start to reduce, or "taper," its massive bond-buying program later this month.

The U.S. central bank is buying $85 billion in bonds a month to keep long-term interest rates low and stimulate the economy. Fed stimulus has helped drive a bull market in stocks that has lasted more than four years.

Brent, the benchmark for international crudes, fell 5 cents to $115.21 per barrel on the ICE Futures exchange in London.

Brent has risen sharply recently due to fears of a U.S. intervention in Syria, even if the scale of the attack is now expected to be low. President Barack Obama continued to press skeptical U.S. lawmakers to give him the authority to use military force. Obama won little backing at an economic summit this week in St. Petersburg, Russia.

Francis Lun, chief economist at GE Oriental Financial Group in Hong Kong, said the situation in Syria led to recent rises in oil prices but he suggested that its overall effect on markets would not be profound.

"I think Syria will be a limited regional war," he said.

In other energy futures trading on Nymex:

— Wholesale gasoline fell 0.4 cent to $2.832 per gallon.

— Natural gas fell 2.2 cents to $3.553 per 1,000 cubic feet.

— Heating oil fell 0.7 cents at $3.133 per gallon.

 

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