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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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Fresh Ebola fears hit airline stocks

DALLAS (AP) — News that a nurse diagnosed with Ebola flew on a plane full of passengers raised fear among airline investors that the scare over the virus could cause travelers to avoid flying.

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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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Crude oil slightly down ahead of US jobs report


The Associated Press

The price of oil fell slightly Friday as market players readied for the release of a crucial U.S. jobs report.

Benchmark U.S. crude for March delivery was down 16 cents at $97.68 a barrel at 0630 GMT in electronic trading on the New York Mercantile Exchange. The contract rose 46 cents to close at $97.84 a barrel on Thursday, boosted by a positive report on the U.S. labor market and colder temperatures.

Brent crude, used to set prices for international varieties of crude, rose 12 cents at $107.31 a barrel.

"I think the market is waiting for the U.S. non-farm payrolls figure tonight," said Ric Spooner, chief market analyst at CMC Markets in Sydney, Australia. He said market players may be "positioning and book squaring prior to the jobs figure."

With chilly temperatures across the middle of the U.S. and into the Northeast, demand for heating oil remains strong. That should boost refinery demand for crude oil.

Spooner said he did not expect a lot of movement in the oil price if the jobs figure is not too far away from expectations or even a bit away, given the cold weather that has kept oil prices steady over recent weeks.

The Labor Department said Thursday the number of people applying for U.S. unemployment benefits declined 20,000 last week to 331,000, suggesting that Americans are facing fewer layoffs and better job prospects.

In other energy futures trading in New York:

— Wholesale gasoline rose 0.6 cents to $2.689 a gallon.

— Natural gas was down 2.4 cents at $4.955 per 1,000 cubic feet.

— Heating oil price rose 1.1 cents at $3.006 a gallon.

 

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