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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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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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Cheesecake Factory gets ready to serve; Sundance tree lighting set

The Cheesecake Factory at Sundance Square will open on Dec. 9, officials with Sundance announced today. The 8,800-square-foot restaurant - being built in the

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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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