Join The Discussion

 

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

read more >

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.

read more >

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.

read more >

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.

read more >

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.

read more >

Oil near $97 before week of data, Fed meeting

BANGKOK (AP) — Oil hovered above $97 a barrel Monday, consolidating ahead of a week littered with U.S. economic reports and a Federal Reserve policy meeting.

Benchmark U.S. crude for December delivery was down 27 cents at $97.58 a barrel at midafternoon Bangkok time in electronic trading on the New York Mercantile Exchange.

The contract gained 74 cents to $97.85 on Friday but closed out the week with a 2.9 percent loss, largely due to signs of oversupply and muted demand.

U.S. data releases this week include September industrial production, retail sales, inflation and consumer confidence as well as a Fed policy meeting that could reinforce expectations that the central bank won't begin reducing its mammoth monetary stimulus until well into next year.

The expansion of the U.S. money supply is aimed at supporting economic recovery and reducing high unemployment but has also been a boon for investors in stocks and commodities. The timing of the stimulus withdrawal has become a matter of intense speculation in markets.

Brent crude, a benchmark for international crude also used by U.S. refineries, was up 47 cents at $107.40 on the ICE futures exchange in London.

In other energy futures trading on the Nymex:

— Wholesale gasoline was up 0.7 cent at $2.57 a gallon.

— Natural gas fell 0.8 cent to $3.628 per 1,000 cubic feet.

— Heating oil rose 0.9 cent to $2.918 a gallon.

 

< back

Email   email
hide
Ebola
How worried are you about Ebola spreading?