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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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26-story mixed-use tower planned at Taylor & Fifth in downtown Fort Worth

Jetta Operating Co., a 24-year-old privately held oil and gas company in Fort Worth, and a related entity plan a 26-story mixed-use tower downtown at Taylor and Fifth streets on a site once owned by the Star-Telegram.

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UPDATE: Six candidates file for two Water Board seats

Six candidates have filed for the two open seats on the Tarrant Regional Water Board, setting up a battle that could potentially shift the balance of power on the board and the priorities of one of the largest water districts in Texas.

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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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Fort Worth Superintendent candidate withdraws from consideration

And then there were none. The lone Fort Worth ISD Superintendent candidate, Dr. Joel D. Boyd, has informed the Fort Worth ISD Board of Education that he is

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Horton reports 4Q, year-end results

 

Fort Worth-based D.R. Horton Inc. reported a profit of $139.5 million, or 40 cents per share, in its fiscal fourth quarter. Company officials said the results indicate home values across the country are increasing.
The company had reported a profit of $100.1 million, or 30 cents per share, in the same quarter a year earlier.


Home building revenue was $1.8 billion, up from $1.3 billion in the same quarter in 2012. However, the company also reported that orders for new homes had slipped in quarter.


Net income for the fiscal year ended Sept. 30, 2013 was $462.7 million, or $1.33 per diluted share, compared to $956.3 million, or $2.77 per diluted share, in fiscal 2012. The results in fiscal 2012 included a non-cash tax benefit of $753.2 million from a reduction of the company's valuation allowance on its deferred tax assets. Homebuilding revenue for the fiscal year ended Sept. 30, increased 44 percent to $6.1 billion from $4.2 billion in fiscal 2012. Homes closed in fiscal 2013 increased 28 percent to 24,155, compared to 18,890 homes in fiscal 2012.
 

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