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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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China manufacturing stems oil fall, idles near $96

BANGKOK (AP) — Stronger Chinese manufacturing stemmed a three-day slide in the price of oil Friday.

Benchmark U.S. crude for December delivery was up 16 cents at $96.52 a barrel at early afternoon Bangkok time in electronic trading on the New York Mercantile Exchange. The contract fell 39 cents to close at $96.38 on Thursday. For October, oil sank 5.8 percent.

Ample supplies of crude have weighed on the price. The Energy Department said Wednesday that U.S. supplies increased 4.1 million barrels last week. Over five weeks, supplies have risen by more than 25 million barrels.

But a suggestion of stronger demand came Friday from two reports on Chinese manufacturing that showed an uptick in activity.

That suggests China's economic recovery could continue to strengthen after growth rebounded to 7.8 percent in the third quarter from a two-decade low in the previous quarter.

Brent crude, a benchmark for international crude also used by U.S. refineries, rose 47 cents to $109.31 a barrel on the ICE exchange in London.

In other energy futures trading on Nymex:

— Wholesale gasoline rose 1.1 cents to $2.598 a gallon.

— Heating oil added 1.1 cent to $2.964 a gallon.

— Natural gas dropped 2.5 cents to $3.556 per 1,000 cubic feet.

 

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