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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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Group buys former Armour meatpacking site in Stockyards

The 16.8-acre site of the historic, former Armour meatpacking plant in Fort Worth’s Stockyards has changed hands, and its new owners aren’t saying anything about their plans. Chesapeake Land Development Co., which bought the site

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Social House Fort Worth plans to open mid-November

Social House has leased 5,045 square feet at 2801-2873 W Seventh St. in Fort Worth, according to Xceligent Inc.

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GE rises most in year with equipment order increases, including at Fort Worth locomotive unit

NEW YORK — General Electric Co. beat analysts' profit estimates in the third quarter as Chief Executive Officer Jeffrey Immelt squeezed more costs from the manufacturing units.

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Oil falls below $102 on US shutdown notice


PAMELA SAMPSON, AP Business Writer

BANGKOK (AP) — The price of oil fell Tuesday after parts of the U.S. government were ordered to shut down because of a budget impasse in Washington.

Benchmark oil for November delivery dropped 35 cents to $101.99 per barrel at midday Bangkok time in electronic trading on the New York Mercantile Exchange. The contract fell 54 cents to close at $102.33 on Monday after trading as low as $101.05.

Just as the U.S. economy is struggling to expand, infighting among U.S. lawmakers is threatening to slow growth even further. On Monday, the last day of the current budget year, Congress failed to reach a critical agreement on short-term funding. That means some of the government must halt operations.

Separately, the government will run out of money to pay its bills by late October unless Congress raises the federal borrowing cap. Typically, lower spending is a negative for oil prices.

"When you're in a time of lower funding and money, you tend to cut things like travel," said Evan Lucas, market analyst at IG in Melbourne, Australia.

After climbing to over $110 in late August, the price of oil has fallen as diplomacy aimed at Syria and Iran eased concerns about Middle East supplies.

"Considering there was a big run-up in oil prices two weeks ago, it's just a bit of a correction," Lucas said.

Brent crude, the benchmark for international crudes used by many U.S. refineries, fell 64 cents to $107.73 a barrel on the ICE Futures exchange in London.

In other energy futures trading on Nymex:

— Wholesale gasoline fell 1 cent to $2.618 per gallon.

— Natural gas lost 2 cents to $3.54 per 1,000 cubic feet.

— Heating oil retreated 1.1 cents to $2.961 per gallon.

 

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