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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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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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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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Oil hovers near $100 on hopes of US recovery


The Associated Press

Oil hovered near $100 a barrel Monday on hopes that the U.S. economic recovery can be sustained despite January's poor payrolls report.

Benchmark U.S. crude for March delivery was down 9 cents to $99.79 a barrel at 0830 GMT in electronic trading on the New York Mercantile Exchange. Oil gained $2.04 to close at $99.88 on Friday.

The Labor Department reported that 113,000 jobs were created in January, far below market expectations of 175,000 jobs. This followed a weak 75,000 jobs created in December.

But unemployment dipped to 6.6 percent, the lowest rate since the global financial crisis hit in late 2008, and more people sought jobs. It suggested that people are feeling better about their prospects and that hiring was depressed by the bad weather.

The mixed data also saw some investors hoping that the Federal Reserve may put off plans to further reduce its stimulus.

Brent crude, used to set prices for international varieties of crude, fell 53 cents to $109.04 a barrel on the ICE Futures exchange in London.

In other energy futures trading in New York:

— Wholesale gasoline added 0.6 cent to $2.743 a gallon.

— Heating oil shed 1.2 cents to $3.039 a gallon.

— Natural gas lost 6.5 cents to $4.71 per 1,000 cubic feet.

 

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