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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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Oil slips below $100 ahead of Yellen testimony 


The Associated Press

The price of oil slipped below $100 a barrel Tuesday ahead of Congressional testimony by the U.S. Federal Reserve's new chief.

Benchmark U.S. crude for March delivery was down 8 cents to $99.97 a barrel at 0800 GMT in electronic trading on the New York Mercantile Exchange. Oil gained 18 cents to close at $100.06 on Monday.

Investors are waiting to see whether Janet Yellen, who was last week confirmed as Fed chief, will consider a pause in the central bank's withdrawal of the monetary stimulus after a second month of weak hiring.

Government data showed the number of jobs created in January was much lower than expected but unemployment fell to its lowest in six years.

The central bank has embarked on a policy to gradually reduce its stimulus, which has helped shore up a number of financial assets over the past few years, including oil prices.

Brent crude, which is used to set prices for international varieties of crude, edged up 5 cents to $108.68 a barrel on the ICE exchange in London.

In other energy futures trading in New York:

— Wholesale gasoline was up 0.1 cent to $2.746 a gallon.

— Heating oil shed 0.1 cent to $2.997 a gallon.

— Natural gas added 5.6 cents to $4.635 per 1,000 cubic feet.

 

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