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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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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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UPDATE: Six candidates file for two Water Board seats

Six candidates have filed for the two open seats on the Tarrant Regional Water Board, setting up a battle that could potentially shift the balance of power on the board and the priorities of one of the largest water districts in Texas.

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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 drops below $99 on China slowdown jitters

 

The Associated Press

The price of oil dropped below $99 a barrel Wednesday as the possibility of a deeper economic slowdown in China fed expectations of weaker demand.

Benchmark U.S. crude for April delivery was down $1.34 to $98.70 at 1030 GMT in electronic trading on the New York Mercantile Exchange. The contract dropped $1.09 to close at $100.03 a barrel Tuesday.

China's lower exports in February have fueled worries of a further slowdown in the world's second-largest economy, which would tamp down demand for energy. China's economic growth of 7.7 percent last year was the lowest in two decades.

Oil prices have been dropping after being pushed higher last week by fears that Russia's military incursion into the Crimean peninsula might lead to U.S. and European sanctions on one of the world's largest energy suppliers. Expectations of larger U.S. stockpiles and potential weaker demand as winter ends later brought futures back down.

Brent crude, used to set prices for international varieties of crude, was down 65 cents to $107.23 on the ICE exchange in London.

In other energy futures trading on Nymex:

— Wholesale gasoline was down 2.1 cents at $2.946 a gallon.

— Heating oil was down 2.4 cents at $2.937 a gallon.

— Natural gas was steady at $4.606 per 1,000 cubic feet.

 

 

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