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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 hovers below $96 as holidays, Fed eyed


The Associated Press

The price of oil rose slightly Tuesday ahead of the Chinese New Year holiday and amid forecasts for moderating temperatures in the U.S. Northeast.

Benchmark U.S. crude for March delivery was up 13 cents at $95.85 a barrel at 0530 GMT in electronic trading on the New York Mercantile Exchange. The contract fell 92 cents to settle at $95.72 on Monday. Brent crude, used to set prices for international varieties of crude, was up 25 cents at $106.94 a barrel.

Yusuke Seta, an energy analyst at Newedge brokerage in Tokyo, said he did not expect much movement in the oil market ahead of the Chinese New Year holidays which begin later this week.

"Ahead of the Chinese New Year, the traders are less active or aggressive in taking their positions," he said.

Benchmark oil fell below $96 on Monday amid forecasts for moderating temperatures in the U.S. Northeast and ahead of the next meeting of the U.S. central bank.

Along with oil, the prospects of a break in the deep chill that has enveloped the upper U.S. Midwest, the Northeast and parts of the South sank the price of natural gas.

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.

In other energy futures trading in New York:

— Wholesale gasoline was up 0.6 cent at $2.639 a gallon.

— Natural gas rose 8.4 cents to $4.931 per 1,000 cubic feet

— Heating oil price was up 0.3 cent at $2.97 a gallon.

 

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