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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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Riverside: Developer sees revitalization with apartments, townhomes driving commercial projects

A Dallas developer is seeking to rezone more than 18 acres in Fort Worth’s Riverside area overlooking Oakhurst Scenic Drive, the Trinity River and downtown, with plans to build as many as 400 apartments and townhomes aimed at renters who want to live in or near the central city. D

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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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Oil dips on China data, caution on US Fed meeting


The Associated Press

The price of oil dipped slightly on Monday as a report on manufacturing in China signaled that a recovery in the world's No. 2 economy would continue to be uneven.

Benchmark U.S. crude for January delivery edged 23 cents lower, or 0.2 percent, to $96.37 a barrel at midday in Asia in electronic trading on the New York Mercantile Exchange.

China's massive manufacturing sector grew at a slightly slower pace in December, according to a preliminary survey by HSBC. The purchasing managers' index report found that the growth rate slowed marginally from the month before, though it was still high enough to indicate that China's economy is continuing to recover since slowing to 7.5 percent growth in the second quarter.

Investors were also staying on the sidelines ahead of the U.S. Federal Reserve's meeting to decide on whether to maintain its $85 billion in monetary stimulus.

Expectations are growing that the Federal Open Market Committee might decide at its meeting, held on Tuesday and Wednesday, to start cutting back on the stimulus following some recent strong U.S. economic data reports and signs of an imminent budget agreement in Congress.

Any reduction of stimulus would likely result in a stronger dollar, making commodities priced in the greenback more expensive to foreign buyers, driving down demand.

Brent crude, a benchmark for international oils, was up 40 cents to $108.72 a barrel on the ICE exchange in London.

In other energy futures trading on the Nymex:

— Wholesale gasoline was little changed at $2.6496 a gallon.

— Heating oil was little changed at $2.983 gallon

— Natural gas dropped 0.1 cents to $4.282 per 1,000 cubic feet.

 

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