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Group buys former Armour meatpacking site in Stockyards

The 16.8-acre site of the historic, former Armour meatpacking plant in Fort Worth’s Stockyards has changed hands, and its new owners aren’t saying anything about their plans. Chesapeake Land Development Co., which bought the site

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Fresh Ebola fears hit airline stocks

DALLAS (AP) — News that a nurse diagnosed with Ebola flew on a plane full of passengers raised fear among airline investors that the scare over the virus could cause travelers to avoid flying.

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Social House Fort Worth plans to open mid-November

Social House has leased 5,045 square feet at 2801-2873 W Seventh St. in Fort Worth, according to Xceligent Inc.

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Ski Grand Prairie? TCU, UTA grad helping bring snow to Metroplex

For Levi Davis last week may have been a career peak, in more ways than one.

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GE rises most in year with equipment order increases, including at Fort Worth locomotive unit

NEW YORK — General Electric Co. beat analysts' profit estimates in the third quarter as Chief Executive Officer Jeffrey Immelt squeezed more costs from the manufacturing units.

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Oil prices down as Libya plans to resume output

KUALA LUMPUR, Malaysia (AP) — Oil prices were subdued Friday amid the possibility of new supplies from the Middle East after a Libyan militia said oil terminals could reopen.

Benchmark U.S. crude for January delivery was down 9 cents to $97.41 a barrel at mid-afternoon Kuala Lumpur time in electronic trading on the New York Mercantile Exchange. The contract rose 6 cents on Thursday to settle at $97.50. Brent crude, a benchmark for international oils, eased 4 cents to $108.34 a barrel on the ICE exchange in London.

The Libyan militia that shut down most of the country's oil terminals for months has said the terminals will reopen Dec. 15. Libya has been losing millions of dollars every day after production dropped from 1.4 billion barrels a day to a few thousand since the closure.

Libya has said it hopes to increase output to 2 million barrels a day once unrest ebbs. OPEC members may have to reduce their production to keep prices from dropping sharply and hurting oil revenues that underpin their economies.

The Libyan news added to a picture of falling fuel demand in the U.S. after the Energy Department said gasoline and distillate supplies rose last week by more than three times the amount analysts were expecting.

In other energy futures trading on the Nymex:

— Wholesale gasoline was barely changed at $2.637 a gallon.

— Heating oil was little changed at $2.98 gallon

— Natural gas dropped 4.3 cents to $4.366 per 1,000 cubic feet.

 

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