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Ice cancels flights, snarls traffic; snow in North Texas forecast

DALLAS (AP) — More wintry weather was expected across parts of North Texas through Wednesday.

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Einstein Bagels closing two Tarrant locations

Einstein Bagels is closing two Tarrant County locations, part of a series of 39 closings around the country, according to the company’s owners, JAB Holding Co.

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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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Plans for Grand Prairie indoor ski resort, Hard Rock Hotel evaporate

Plans for a $215 million indoor ski resort and Hard Rock Hotel in Grand Prairie have been shelved. Sherman Thurston, a member of the development team, sent a

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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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Oil near $102 as supplies grow, US deadline looms

BANGKOK (AP) — Oil hovered near $102 a barrel Monday, its gains tempered by a forecast of ample growth in supplies and a looming deadline for lawmakers to agree on lifting the U.S. borrowing limit.

Benchmark crude for November delivery was up 43 cents at $102.45 a barrel at late afternoon Bangkok time in electronic trading on the New York Mercantile Exchange. The contract fell 99 cents Friday to close at $102.02 and lost $1.82 or 1.8 percent for the week.

In its latest quarterly oil market report, the International Energy Agency predicted strong growth in non-OPEC supplies of crude oil.

The Paris-based IEA said Friday that the United States would overtake Russia next year as the largest non-OPEC producer of liquid fuels, a category that includes other fuels on top of crude oil.

Traders are also watching the latest turns in the debt debate in Washington. The price of oil has swung back and forth for days as lawmakers try to resolve an impasse that left the government partially closed and the markets worried about the U.S. defaulting on its debt for the first time.

There was no agreement over the weekend. Failure to raise the U.S. borrowing limit by Thursday could result in a default on government bond interest payments, undermining the credibility of assets that are prized as collateral by banks worldwide and crucial to the functioning of the financial system.

Brent crude was down 5 cents at $110.28 on the ICE futures exchange in London.

In other energy futures trading on Nymex:

— Natural gas rose 5.3 cents to $3.829 per 1,000 cubic feet.

— Wholesale gasoline added 0.1 cent to $2.654 a gallon.

— Heating oil gained 0.9 cent to $3.044 a gallon.

 

 

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