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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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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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