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UPDATE: Could American Airlines move its headquarters?

A key linchpin in the Fort Worth economy, American Airlines Group Inc., is considering sites for a new headquarters, possibly outside the city, the airline’s CEO said this morning.

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Crestwood area hoping to block planned office building

Residents of West Fort Worth’s Crestwood Association are trying to block the rezoning of a small apartment complex at White Settlement Road and North Bailey Avenue to make way for a planned office building, saying it would represent the start of commercial encroachment into their neighborhood.

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Tiger Woods takes a swing at Fort Worth's Dan Jenkins - in print anyway

Rarely does Golf Digest make the news. Leave it to Dan Jenkins to change that.

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Hilton Fort Worth named to Historic Hotels

The Hilton Fort Worth is one of 24 hotels named a member of the Historic Hotels of America, the Washington, D.C.-based group announced on Nov. 18.

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Great Women of Texas honored

The Fort Worth Business Press held the Great Women of Texas event Wednesday night at the Omni Fort Worth Hotel. Stacie McDavid of McDavid Investments was honored as the

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Oil falls on China factory data, Russia troop move 


TERESA CEROJANO, Associated Press

The price of oil fell Tuesday, dented by soft Chinese manufacturing figures and Russia's withdrawal of a small number of troops from the forces massed along its border with Ukraine.

Benchmark U.S. crude for May delivery was down 29 cents to $101.29 a barrel at 0825 GMT in electronic trading on the New York Mercantile Exchange. The contract fell 9 cents to $101.58 on Monday as markets kept an eye on talks between the U.S. and Russia over the crisis in Ukraine.

Brent crude, used to set prices for international varieties of oil, fell 7 cents to $107.69 a barrel on the ICE exchange in London.

Ric Spooner of CMC Markets in Sydney said two Chinese manufacturing surveys released Tuesday showed "downside risks" to China's economy

The manufacturing index by the China Federation of Logistics & Purchasing ticked up to 50.3 in March from 50.2 in February. But economists said the increase should have been a lot stronger because factories typically return to full speed in March after shutting for the extended Lunar New Year holiday, which begins in either January or February each year.

The index uses a 100-point scale on which numbers above 50 indicate expansion.

China's economy has slowed after a decade of red-hot expansion as the country's leaders try to reduce reliance on trade and investment and encourage growth based on domestic spending.

Spooner said reports that Russia pulled out a battalion of troops from the Ukrainian border also "may induce a little bit of trader selling" on hopes the crisis is easing. But one must be wary of such short-term announcements, he said. Russia's annexation of Ukraine's Crimean peninsula, its troop buildup near Ukraine's border and its attempts to compel constitutional changes in Ukraine have raised tensions with the West and prompted fears that Moscow intends to invade other areas of its neighbor.

Oil prices have been supported by the possibility that economic sanctions against Russian officials and businessmen could expand to affect Russia's energy sector.

In other energy futures trading in New York:

— Wholesale gasoline fell 0.7 cent to $2.911 a gallon

— Natural gas was down 1 cent at $4.361 per 1,000 cubic feet.

— Heating oil eased 0.2 cent to $2.928 a gallon.

 

 

 

 

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Midterms
What was the message of the midterm elections?