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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 breaks ground on $8.6 million South Main renovation

Fort Worth Near Southsiders and city officials broke ground Monday on the 18-month rebuild of South Main Street between Vickery Boulevard and West Magnolia Avenue.

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Fort Worth Police association planning 25,000-square-foot offices

The POA, which recently demolished its one-story building at 904 Collier St. near downtown, is planning a five-story replacement.

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Oil price falls to near $97 a barrel


The Associated Press

The price of oil dropped Monday after a survey released on the weekend showed a slight deterioration in China's manufacturing.

Benchmark U.S. crude for March delivery was down 17 cents to $97.32 a barrel at 0600 GMT on the New York Mercantile Exchange. The contract fell 74 cents Friday to close at $97.49 a barrel.

Brent crude, used to set prices for international varieties of crude, was down 9 cents to $106.31 on the ICE exchange in London.

A factory purchasing managers index reported Saturday by the government-affiliated China Federation of Logistics and Purchasing fell from 51 in December to 50.5 in January, just above the 50 level that signifies expansion in manufacturing.

Weaker manufacturing in China could reduce global demand for energy imports but the survey results may reflect Chinese New Year effects. This year the holiday spans late January and early February, reducing working days in both months.

Prices were pulled down late last week following forecasts of warmer weather in the U.S., following a spate of extreme cold in many areas.

In other energy futures trading on Nymex:

—Wholesale gasoline was down 0.6 cent at $2.637 a gallon

—Heating oil dropped 0.7 cent to $3.004 a gallon.

—Natural gas fell 11 cents to $4.833 per 1,000 cubic feet.

 

 

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