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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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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 price steady above $98 ahead of supply data
 


The Associated Press

The price of oil was steady above $98 a barrel Wednesday ahead of a report on U.S. crude stockpiles.

Benchmark crude for January delivery was down 5 cents to $98.46 in electronic trading on the New York Mercantile Exchange. The contract jumped $1.17 to $98.51 on Tuesday, its highest level in six weeks, on optimism that the U.S. Energy Department's report Wednesday would show supplies fell for the second week in a row.

Data for the week ending Dec. 6 is expected to show a draw of 2.8 million barrels in crude oil stocks and a draw of 2.1 million barrels in gasoline stocks, according to a survey of analysts by Platts, the energy information arm of McGraw-Hill Cos.

Oil has fallen from $110 in September on high supplies, muted demand and a lessening of Middle East tensions. It sank to nearly $92 late last month but has since crept higher as the U.S. and Chinese economies show signs of sustained recovery.

Brent crude, a benchmark for international oils, was up 3 cents to $109.41 a barrel on the ICE Futures exchange in London.

In other energy futures trading on Nymex:

— Wholesale gasoline was down 1.1 cent to $2.672 a gallon.

— Heating oil was flat at $3.017 a gallon

— Natural gas rose 1.2 cents to $4.249 per 1,000 cubic feet.

 

 

 

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