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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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Riverside: Developer sees revitalization with apartments, townhomes driving commercial projects

A Dallas developer is seeking to rezone more than 18 acres in Fort Worth’s Riverside area overlooking Oakhurst Scenic Drive, the Trinity River and downtown, with plans to build as many as 400 apartments and townhomes aimed at renters who want to live in or near the central city. D

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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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Dallas developer confirmed to build Walsh Ranch in west Fort Worth

Dallas-based Republic Property Group has been chosen to lead Walsh Ranch development as the 7,200-acre residential community takes shape in west Fort Worth.

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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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Oil down slightly ahead of US inventories report


The Associated Press

The price of oil was steady Wednesday after a big fall the day before as traders waited for a report on U.S. crude stockpiles.

Benchmark U.S. crude for May delivery was down 2 cents to $99.71 a barrel at 0720 GMT in electronic trading on the New York Mercantile Exchange. The contract slid $1.84 to $99.74 on Tuesday, dented by soft Chinese manufacturing figures and expectations of another increase in U.S. crude stockpiles.

Brent crude, used to set prices for international varieties of oil, was up 6 cents to $105.68 a barrel on the ICE exchange in London.

Despite recent signs of weakening manufacturing in China, which could dent oil demand, there are new signs of life in the U.S. economy including a report from the U.S. Commerce Department earlier this week showing rising construction spending.

But U.S. crude oil inventories due later Wednesday are expected to show demand is still relatively muted.

Data for the week ended March 28 is forecast to show an increase of 1.8 million barrels in crude oil stocks and a draw of 2 million barrels in gasoline stocks, according to a survey of analysts by Platts, the energy information arm of McGraw-Hill Cos.

Crude stocks have risen 10 weeks in a row, adding over 32 million barrels between mid-January and March 21.

In other energy futures trading in New York:

— Wholesale gasoline was down 0.2 cent at $2.868 a gallon.

— Natural gas fell 2.2 cents to $4.254 per 1,000 cubic feet.

— Heating oil shed 0.3 cent to $2.891 a gallon.

 

 

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