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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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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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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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Oil drifts above $94 ahead of supply report

BANGKOK (AP) — Oil rose slightly Tuesday ahead of a U.S. supply report that might show an improvement in demand.

Benchmark U.S. crude for January delivery was up 30 cents at $94.46 a barrel at midafternoon Bangkok time in electronic trading on the New York Mercantile Exchange.

The contract fell 75 cents to $94.09 on Monday after a deal between Iran and six world powers on the country's nuclear program raised the possibility that sanctions choking Iranian oil exports will eventually be lifted.

Oil traders are now looking to Energy Information Administration figures on U.S. crude and gasoline stockpiles for the week ended Nov. 22 due Wednesday.

Crude oil supplies rose by 400,000 barrels for the week ended Nov. 15, the 9th straight weekly increase. But gasoline supplies fell by 300,000 barrels, and the agency said the average demand for gasoline over the prior four weeks was about 4 percent higher than for the same period last year

Brent crude, a benchmark for international oils, was down 46 cents at $110.54 a barrel on the ICE exchange in London.

In other energy futures trading on Nymex:

— Wholesale gasoline fell 0.3 cent to $2.67 gallon.

— Heating oil dropped 1.3 cents to $3.018 a gallon.

— Natural gas rose 3.1 cents to $3.82 per 1,000 cubic feet.

 

 

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