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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 prices fall as market awaits US inventory data

The Associated Press

Oil prices edged lower in Asia Wednesday as market players tried to assess U.S. demand with the approach of warmer weather.

Anticipation of a buildup in U.S. crude inventories also helped send prices lower. Benchmark U.S. crude for April delivery was down 11 cents to $101.74 a barrel at 0650 GMT in electronic trading on the New York Mercantile Exchange. The contract fell 99 cents to close Tuesday at $101.83.

Investors are waiting for a weekly fuel inventories report from the U.S. Energy Department for clues about the strength of demand. It is due later Wednesday.

An especially harsh U.S. winter this year has boosted energy demand but that impulse will fade as warmer weather starts to prevail.

The world has already grown jittery lately about a possible economic slowdown in China. The economy is still expanding at faster rates than Western nations but may be losing momentum, which would have significant effect on energy demand.

Brent crude, which is used to set prices for international varieties of crude, was down 16 cents to $109.35 on the ICE exchange in London.

In other energy futures trading on Nymex:

— Wholesale gasoline was almost unchanged at $2.97 per gallon.

— Heating was also little changed at $3.031 a gallon.

— Natural gas lost 13.8 cents to $4.958 per 1,000 cubic feet.

 

 

 

 

 

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