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Two from Fort Worth appointed by Gov. Abbott to university boards

Steve Hicks, a University of Texas System regent who has been a vocal opponent of regents who have criticized the system’s flagship campus in Austin, was reappointed to the board by Gov. Greg Abbott on Thursday. 

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Fort Worth draws closer to deal with Lancaster developer

City staff are planning to introduce the developer Feb. 3 at a meeting of the City Council's Housing and Economic Development Committee.

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Compass BBVA names Happel CEO for Fort Worth

BBVA Compass has appointed Brian Happel, most recently the Fort Worth city president, its chief executive officer of Fort Worth.

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Fort Worth minority business receives nationwide grant

Cuevas Distribution Inc., a minority- and woman-owned business in Fort Worth, is one of 20 small businesses nationwide to receive a $150,000 grant from Chase as part of the Mission Main Street program.

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Museum District: Area’s evolution creating more interaction, public spaces

Fifteen years ago if someone had shot a cannon from Fort Worth’s world-renowned museum district, nobody would have noticed, joked Lori Eklund, senior deputy director of the Amon Carter Museum of American Art. But that has changed.

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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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