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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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Dallas developer confirmed to build Walsh Ranch in west Fort Worth

Dallas-based Republic Property Group has been chosen to lead Walsh Ranch development as the 7,200-acre residential community takes shape in west Fort Worth.

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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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Oil price eases, natural gas steady

The Associated Press

 

Oil prices eased Friday after gaining 1 percent a day earlier on smaller stockpiles and signs of stronger U.S. demand.

Benchmark U.S. crude for February delivery shed 29 cents to $98.75 per barrel in electronic trading on the New York Mercantile Exchange.

Brent crude for February delivery, a benchmark used to price international crudes used by many U.S. refiners, shed 29 cents to $110 in London.

Meanwhile, natural gas held steady at a 29-month high of $4.46 per thousand cubic feet on Nymex. It added 5 percent a day earlier after the U.S. government reported a huge draw in supplies due to recent cold weather.

The Energy Department said Thursday that natural gas supplies dropped by 285 billion cubic feet last week and are 261 billion cubic feet below the five-year average.

Oil prices rose despite the U.S. Federal Reserve's decision to ease its stimulus, which analysts believe will lead to lower oil prices.

The Fed's action is expected to increase the value of the dollar compared with other currencies. That makes commodities such as oil, which are priced in dollars, more expensive and less attractive.

However, the Fed's decision also was seen by financial markets as a vote of confidence that the American economy is strengthening. That might fuel expectations for higher energy demand.

In other energy futures trading on Nymex:

— Wholesale gasoline edged up 0.8 cents to $2.748 a gallon.

— Heating oil shed 0.3 cents to $3.022 per gallon.

 

 

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