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Texas has old, new candidates to offer as presidential hopefuls

The Republican Party has long been riven between its establishment and conservative wings, a split that plays out every four years in the race for the White House.

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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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Two Fort Worth Baylor medical properties acquired

Baylor Surgical Hospital of Fort Worth and Baylor Surgical Hospital Integrated Medical Facility are among three facilities acquired by Carter Validus Mission Critical REIT II Inc.

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Oil price falls to near $92


The Associated Press

Oil prices fell Monday after a big jump in the previous trading session that was sparked by expectations the Fed might delay stimulus reduction.

Benchmark U.S. oil for February delivery was down 36 cents to $92.36 a barrel at 0825 GMT in electronic trading on the New York Mercantile Exchange. The contract surged $1.06 to settle at $92.72 a barrel on Friday.

The U.S. added just 74,000 thousand jobs in December, way below market expectations of 196,000 jobs. The unemployment rate fell from 7.0 percent to 6.7 percent, but it was mostly because of a drop in the number of people seeking work.

The weaker hiring led to speculation the Fed would halt or slow plans to reduce its bond purchasing program. The stimulus, which has kept interest rates low, has helped underpin oil prices by weakening the dollar and also by attracting investors to commodities in search of higher profits. A weaker dollar usually boosts oil prices by making crude cheaper for traders using other currencies.

But some analysts said the jobs number was a fluke due partly to bitterly cold weather, following weeks of data showing the U.S. economy improving. As such, the Fed's plan to wind down its economic stimulus is unlikely to change.

The Fed said in December it would start cutting back its stimulus by $10 billion a month, but further cuts would depend on how many new jobs were added in coming months.

Brent crude, used to set prices for international varieties of crude, eased 18 cents at $106.43 a barrel on the ICE exchange in London.

In other energy futures trading on Nymex:

— Natural gas was up 7 cents to $4.09 per 1,000 cubic feet.

— Wholesale gasoline shed 0.3 cent to $2.667 a gallon.

— Heating oil was down 0.4 cent to $2.937 a gallon.

 

 

 

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