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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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Riverside: Developer sees revitalization with apartments, townhomes driving commercial projects

A Dallas developer is seeking to rezone more than 18 acres in Fort Worth’s Riverside area overlooking Oakhurst Scenic Drive, the Trinity River and downtown, with plans to build as many as 400 apartments and townhomes aimed at renters who want to live in or near the central city. D

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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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Oil extends losses below $100 ahead of jobs report

BANGKOK (AP) — The price of oil extended losses below $100 a barrel Tuesday ahead of the U.S. employment report for September.

Benchmark U.S. crude for November delivery was down 33 cents at $98.89 a barrel at midafternoon Bangkok time in electronic trading on the New York Mercantile Exchange. The contract, which expires Tuesday, dropped $1.56 to $99.22 the day before. The December contract was down 34 cents at $99.34 a barrel.

A jump in U.S. crude supplies weighed on the oil price. The government said Monday, in a report delayed five days due to the government shutdown, that U.S. crude supplies rose by 4 million barrels in the week ended Oct. 11.

The Schork Report estimated that U.S. commercial crude oil stocks are at the third highest level for October since 1930 and 13 percent above the normal range over the previous decade.

The September employment report, also delayed because of the shutdown, is due for release later Tuesday and will provide a new cue for energy trading.

U.S. employers are forecast to have added 180,000 jobs, up from 169,000 in August. The unemployment rate is expected to remain at 7.3 percent, which will support arguments in favor of the Federal Reserve continuing its super easy monetary policy.

Brent crude, the international benchmark, was up 22 cents to $109.86 on the ICE futures exchange in London.

In other energy futures trading on Nymex:

— Wholesale gasoline rose 0.4 cent to $2.644 a gallon.

— Natural gas dropped 1 cent to $3.658 per 1,000 cubic feet.

— Heating oil gained 0.6 cent to $3.013 a gallon.

 

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