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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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26-story mixed-use tower planned at Taylor & Fifth in downtown Fort Worth

Jetta Operating Co., a 24-year-old privately held oil and gas company in Fort Worth, and a related entity plan a 26-story mixed-use tower downtown at Taylor and Fifth streets on a site once owned by the Star-Telegram.

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UPDATE: Six candidates file for two Water Board seats

Six candidates have filed for the two open seats on the Tarrant Regional Water Board, setting up a battle that could potentially shift the balance of power on the board and the priorities of one of the largest water districts in Texas.

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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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Fort Worth breaks ground on $8.6 million South Main renovation

Fort Worth Near Southsiders and city officials broke ground Monday on the 18-month rebuild of South Main Street between Vickery Boulevard and West Magnolia Avenue.

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Oil marks time near $101 as supply figures awaited

BANGKOK (AP) — Oil marked time near $101 a barrel Friday as traders awaited the release of official figures on U.S. stockpiles.

U.S. benchmark crude for November delivery was up 19 cents at $100.86 a barrel at midafternoon Bangkok time in electronic trading on the New York Mercantile Exchange.

The contract dropped $1.62 to $100.67 on Thursday as investors assessed the economic impact of the 16-day government shutdown that ended after an eleventh hour budget deal late the day before.

With the regular supply report from the Energy Department postponed this week by the shutdown, traders took cues from the industry-funded American Petroleum Institute instead. The API said that U.S. stocks of crude oil rose by 5.9 million barrels last week, about twice the build expected by analysts and suggesting demand might have been reduced by the shutdown.

The Energy Information Administration figures, which are considered more reliable, will be released on Monday.

Brent crude, the international benchmark, was up 15 cents at $109.26 a barrel on the ICE futures exchange in London.

In other energy futures trading on Nymex:

— Wholesale gasoline rose 0.5 cent to $2.639 a gallon.

— Natural gas dropped 2.2 cents to $3.735 per 1,000 cubic feet.

— Heating oil added 0.7 cent to $2.995 a gallon.

 

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