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Two Fort Worth council members propose temporary single-family moratorium around TCU

The moratorium would apply to new permits for single-family homes around TCU, and give the city time to figure out what to do with a controversial proposed overlay in several neighborhoods around the university.

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Fresh Ebola fears hit airline stocks

DALLAS (AP) — News that a nurse diagnosed with Ebola flew on a plane full of passengers raised fear among airline investors that the scare over the virus could cause travelers to avoid flying.

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Landscape architect behind several TCU landmarks acquired

The Dallas design firm behind several Texas Christian University projects, as well as Globe Life Park in Arlington and AT&T Stadium, has been acquired by Rvi Planning + Landscape Architecture.

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Fort Worth launching Stockyards design task force

The task force, to be chaired by the Fort Worth architect Eric Hahnfeld, would be responsible for confirming the boundaries of the city's planned Stockyards design district and reviewing the work of a consultant.

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Fort Worth council approves tax abatement for Sprouts grocery in Ridglea

The abatement would be to VCB Property, which also won an abatement to build a strip retail center.

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Oil prices remain near $92 on Iran, Libya outlook


The Associated Press

The price of oil remained near $92 a barrel Tuesday on expectations that global supplies will rise with ramped up output in Libya and the North Sea, along with increased exports from Iran if a deal on its nuclear program succeeds.

Benchmark U.S. oil for February delivery was up 21 cents at $92.01 a barrel at 0500 GMT in electronic trading on the New York Mercantile Exchange. The contract fell 92 cents to close at $91.80 on Monday.

Brent crude, used to set prices for international varieties of crude used by many U.S. refineries, was up 1 cent at $105.98.

An agreement Sunday between Iran and six world powers may enable Iran's oil industry, whose exports were severely limited by economic sanctions over its nuclear program, to sell more crude after the deal takes effect Jan. 20.

The planned six-month interim agreement will limit Tehran's uranium enrichment and allow international inspectors access to its nuclear facilities.

News of the agreement coincided with reports of a rebound in production by Libya. Meanwhile, North Sea oil output is due to increase with the restart of the Buzzard oilfield.

In other energy futures trading in New York:

— Wholesale gasoline was down 0.4 cent at $2.631 a gallon.

— Natural gas rose 3.4 cents to $4.308 per 1,000 cubic feet.

— Heating oil fell 0.1 cent to $2.934 a gallon.

 

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