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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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New call center brings 200 jobs to Dallas-Fort Worth area

 

Portfolio Recovery Associates Inc., a publicly traded financial and business services company, has opened a new call center in North Richland Hills that will bring 200 new jobs to the Dallas-Fort Worth area.
PRA plans to immediately hire 150 operations managers, account representatives and other professional positions, with an additional 50 employees by the end of 2014.


The company’s new 45,000-square-foot call center at 6341 Grapevine Highway in North Richland Hills will have capacity for more than 550 employees, and will play a key role in managing PRA’s continued growth.
“This year alone, PRA acquired nearly 3 million new accounts direct from major bank sellers of defaulted debt,” said Neal Stern, executive vice president of operations for PRA.
The company now manages more than 34 million accounts, largely defaulted credit card debt.


According to Stern, major banks are moving toward prohibiting “offshore collections” as a condition of selling their accounts to PRA.
“Major banks are seeing growing value in companies that will manage these accounts with U.S.-based talent,” Stern said. “With the opening of the new call center, PRA is bringing all of its U.S. collections jobs back to the U.S.,” he said.
The company closed its small offshore offices earlier this year.
Headquartered in Norfolk, Va., PRA has more than 3,300 employees in the United States and the United Kingdom.
Portfolio Recovery Associates Inc. trades on the Nasdaq under the symbol PRAA.
 

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