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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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Oil price extends gains in Asia on cold US weather


The Associated Press

The price of oil rose Wednesday in Asia on prospects U.S. demand will hold up amid cold weather, offsetting worries about a slowdown in emerging economies.

Benchmark U.S. crude for March delivery was up 59 cents to $97.78 a barrel at 0735 GMT in electronic trading on the New York Mercantile Exchange. It gained 76 cents to close at $97.19 on Monday in New York.

Brent crude, a benchmark for international oil used by many U.S. refineries, was up 38 cents at $106.16 on the ICE exchange in London.

Northeastern U.S. is bracing for a second storm of the week, forcing classes to be canceled and government and business offices to close. Anywhere from a few inches to a foot or more of snow is expected to fall on East Coast states, and some places are expected to get freezing rain and sleet.

Although the slowdown in China and some emerging markets has worked to dampen oil prices, the unusually cold winter in the U.S. has helped push them back up.

In other energy futures trading on Nymex:

— Wholesale gasoline inched up 1.3 cents to $2.617 a gallon.

— Heating oil added 1.5 cents to $2.998 a gallon.

 

 

 

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