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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 falls to near $102 a barrel

The Associated Press

The price of oil slipped Tuesday as expectations of a buildup in U.S. crude inventories dampened sentiment.

Benchmark U.S. crude for April delivery was down 49 cents to $102.33 a barrel at 0755 GMT in electronic trading on the New York Mercantile Exchange. The contract gained 62 cents to $102.82 on Monday.

Oil rose Monday as another cold spell for the U.S. Midwest and Northeast was expected to boost demand for heating oil at a time when many refineries are undergoing seasonal maintenance.

Supplies, however, also appeared to be robust with weekly crude stocks on a rising trend. Investors are waiting for a weekly U.S. stockpile report due later this week that is likely to show further gains.

Some analysts expect oil prices to drop in the spring, when many refineries will be carrying out maintenance work, which is temporarily accompanied by lower oil demand.

Jitters over a slowdown in China also added to fears that global economic growth could weaken, which would reduce demand for gasoline, diesel and jet fuel.

Brent crude, which is used to set prices for international varieties of crude, fell 45 cents to $110.19 on the ICE exchange in London.

In other energy futures trading in New York:

— Wholesale gasoline fell 0.6 cent to $3.001 per gallon.

— Heating oil was up 0.5 cent at $3.046 a gallon.

— Natural gas lost 11.4 cents to $5.331 per 1,000 cubic feet.

 

 

 

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