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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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26-story mixed-use tower planned at Taylor & Fifth in downtown Fort Worth

Jetta Operating Co., a 24-year-old privately held oil and gas company in Fort Worth, and a related entity plan a 26-story mixed-use tower downtown at Taylor and Fifth streets on a site once owned by the Star-Telegram.

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UPDATE: Six candidates file for two Water Board seats

Six candidates have filed for the two open seats on the Tarrant Regional Water Board, setting up a battle that could potentially shift the balance of power on the board and the priorities of one of the largest water districts in Texas.

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Top area CFOs honored

The Fort Worth Business Press honored 13 area chief financial officers today with a luncheon at the Fort Worth Club.

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Fort Worth Superintendent candidate withdraws from consideration

And then there were none. The lone Fort Worth ISD Superintendent candidate, Dr. Joel D. Boyd, has informed the Fort Worth ISD Board of Education that he is

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Oil price little changed near $97 a barrel


The Associated Press

The price of oil inched up Monday but gains were tempered by the prospect of a further reduction in U.S. central bank stimulus.

Benchmark U.S. crude for March delivery was up 8 cents at $96.72 a barrel at 0520 GMT in electronic trading on the New York Mercantile Exchange. The contract fell 68 cents to settle at $96.64 a barrel on Friday.

The Federal Reserve meets for two days from Tuesday. Officials are widely expected to reduce the central bank's monthly bond buying that has underpinned an economic recovery.

So far, the reduction has been minimal. The Fed has cut the amount of bonds it buys each month by $10 billion to $75 billion but many economists think the stimulus could end this year if the U.S. economic recovery gains steam.

The International Monetary Fund's managing director Christine Lagarde warned over the weekend of the risks posed to global economic recovery from phasing out the U.S. stimulus too rapidly and deflation in Europe.

Also, less monetary easing in the U.S. could boost the dollar, making oil less affordable for holders of other currencies.

Slowing growth in China was another factor weighing on oil prices. Preliminary results of a survey released last week showed China's manufacturing would contract in January.

Brent crude, used to set prices for international varieties of crude, was down 36 cents at $107.52 on the ICE exchange in London.

In other energy futures trading on Nymex:

— Wholesale gasoline was down 0.4 cent at $2.666 a gallon.

— Natural gas rose 2.4 cents to $5.421 per 1,000 cubic feet

— Heating oil was up 0.2 cent at $3.018 a gallon.

 

 

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