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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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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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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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Ski Grand Prairie? TCU, UTA grad helping bring snow to Metroplex

For Levi Davis last week may have been a career peak, in more ways than one.

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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 above $97 as China manufacturing improves

BANGKOK (AP) — Stronger Chinese manufacturing pushed the price of oil higher Thursday but gains were kept in check by plentiful supplies.

Benchmark U.S. crude for December delivery was up 65 cents at $97.51 a barrel at midafternoon Bangkok time in electronic trading on the New York Mercantile Exchange.

The contract fell $1.44 to $96.86 on Wednesday after the Energy Information Administration said U.S. oil inventories rose by 5.2 million barrels last week, a possible symptom of subdued demand and overproduction. The rise in stockpiles followed a 4 million barrel increase in the previous week.

The price of crude has fallen about 5 percent over the past week to its lowest levels since June. But it got a lift Thursday from a survey that showed China's manufacturing rose to a seven month high in October, suggesting continued momentum for the recovery in the world's second-biggest economy.

The preliminary version of HSBC's purchasing managers' index rose to 50.9 from September's 50.2 on a 100-point scale on which numbers above 50 indicate expansion.

Output, new orders and new export orders all increased at a faster rate, according to the survey, which is based on 85-90 percent of responses from 420 factories.

Brent crude was up 31 cents at $108.11 a barrel on the ICE futures exchange in London.

In other energy futures trading on the Nymex:

— Wholesale gasoline added 1 cent to $2.553 a gallon.

— Natural gas fell 1.1 cents to $3.608 per 1,000 cubic feet.

— Heating oil shed 0.7 cent to $2.929 a gallon.

 

 

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