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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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Mexico state oil co. spinoffs could exploit shale

 

MEXICO CITY (AP) — An official with Mexico's state-run oil company says a proposed energy reform could make it easier for Petroleos Mexicanos to create subsidiaries to exploit the country's vast shale oil and gas reserves.

Production and exploration director Carlos Morales says the company has only started to explore shale reserves that could more than double daily gas output. Mexico currently has to import gas to meet demands. He said shale exploration is not run by large oil companies such as Pemex, as it's known, rather by small specialty operations.

Morales said Thursday that companies working in shale reserves "no doubt" would need licenses or concessions to make the ventures worthwhile, arrangements that are forbidden by the constitution.

A controversial reform that would open up Mexico's moribund oil industry is pending before congress.

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