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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 drop in Asia on demand expectations


The Associated Press

Oil prices fell in Asia on Thursday as expectations for reduced demand due to warmer weather outweighed a smaller-than-expected increase in U.S. oil supplies.

Benchmark U.S. crude for April delivery was down 31 cents to $102.28 a barrel at 0610 GMT in electronic trading on the New York Mercantile Exchange.

The contract closed up 76 cents Wednesday at $102.59 after the U.S. Energy Department said crude oil supplies rose by 68,000 barrels last week, well below the increase of 1.5 million barrels expected by analysts surveyed by Platts. Supplies at the key storage point in Cushing, Okla., fell by 1.1 million barrels.

The inventories figures pointed to resilient demand but oil shed some of those gains Thursday as the approach of spring in the U.S. and weaker Chinese manufacturing could reduce crude consumption.

Investors will be watching for new policy initiatives from China's annual legislative session in early March to see what steps the government might take to shore up growth.

Brent crude, which is used to set prices for international varieties of crude, shed 26 cents to $109.25 on the ICE exchange in London.

In other energy futures trading on Nymex:

— Wholesale gasoline was down 0.2 cent at $2.983 per gallon.

— Heating oil shed 0.4 cent to $3.035 per gallon.

— Natural gas lost 3.2 cents to $4.509 per 1,000 cubic feet.

 

 

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