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Ice cancels flights, snarls traffic; snow in North Texas forecast

DALLAS (AP) — More wintry weather was expected across parts of North Texas through Wednesday.

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Einstein Bagels closing two Tarrant locations

Einstein Bagels is closing two Tarrant County locations, part of a series of 39 closings around the country, according to the company’s owners, JAB Holding Co.

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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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Plans for Grand Prairie indoor ski resort, Hard Rock Hotel evaporate

Plans for a $215 million indoor ski resort and Hard Rock Hotel in Grand Prairie have been shelved. Sherman Thurston, a member of the development team, sent a

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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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DR Horton 1Q net jumps 86 percent

 

D.R. Horton, the largest U.S. homebuilder, said Tuesday that its fiscal first-quarter net income jumped 86 percent as selling prices for its houses rose 10 percent to $275,600. Its shares climbed in morning trading.

The company said it saw "pricing power across most of our markets and increased demand from move-up buyers." It said housing market conditions are improving across most of its markets, and the pace of sales increased this month.

The Fort Worth-based company earned $123.2 million, or 36 cents per share, for the quarter that ended Dec. 31. That was up from $66.2 million, or 20 cents per share, during the same period a year earlier. Revenue rose almost 33 percent to $1.64 billion, from $1.23 billion a year earlier.

Analysts surveyed by FactSet had been expecting a profit of 31 cents per share on revenue of $1.49 billion.

The company said it believes it is "well-positioned to capture demand" in the spring with a strong inventory of homes ready to sell.

Its shares rose $1.33, or 6.4 percent, to $22.27 in morning trading. Its shares are up 14 percent over the past three months.


 

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