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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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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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Cheesecake Factory gets ready to serve; Sundance tree lighting set

The Cheesecake Factory at Sundance Square will open on Dec. 9, officials with Sundance announced today. The 8,800-square-foot restaurant - being built in the

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Oil prices jump on bargain hunting

KUALA LUMPUR, Malaysia (AP) — Oil prices recovered Monday on bargain hunting after a week-long plunge.

Benchmark U.S. oil for February delivery rose 11 cents to $94.07 in electronic trading at mid-afternoon Kuala Lumpur time on the New York Mercantile Exchange. The contract fell $1.48 to settle at $93.96 a barrel on Friday. Prices have fallen 6.4 percent over the past week.

Brent crude, used to price international crude processed by many U.S. refineries, rose 17 cents to $107.06 in London.

Analysts said there are downside risks to oil prices. The U.S. economic recovery was generally boosted by a massive bond-buying program, and oil demand wasn't rising as fast as expected while supplies were sufficient.

On Thursday, protests reportedly ended at one of Libya's largest oil fields, which could allow the field to restart production and deliver more than 300,000 barrels of daily production to the global market.

Also, a rising dollar could dent oil prices. The Fed recently began winding its stimulus program, which is boosting the value of the dollar and leading investors away from oil. A stronger dollar makes commodities such as oil that are priced in dollars more expensive for buyers using other currencies.

In other energy futures trading:

— Wholesale gasoline rose 0.4 cent to $2.653 a gallon.

— Natural gas added 7.2 cents to $4.354 per 1,000 cubic feet.

— Heating oil was up 0.9 cent to $2.948 a gallon.

 

 

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