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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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26-story mixed-use tower planned at Taylor & Fifth in downtown Fort Worth

Jetta Operating Co., a 24-year-old privately held oil and gas company in Fort Worth, and a related entity plan a 26-story mixed-use tower downtown at Taylor and Fifth streets on a site once owned by the Star-Telegram.

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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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Fort Worth breaks ground on $8.6 million South Main renovation

Fort Worth Near Southsiders and city officials broke ground Monday on the 18-month rebuild of South Main Street between Vickery Boulevard and West Magnolia Avenue.

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Oil stays above $102 per barrel on Ukraine unrest

The Associated Press

Oil declined Wednesday but stayed above $102 per barrel amid unrest in eastern Ukraine and the possibility of lower U.S. production.

Benchmark U.S. crude oil for May delivery was down 44 cents to $102.12 at 0910 GMT in electronic trading on the New York Mercantile Exchange. The contract gained $2.12 to $102.56 on Tuesday.

Brent crude, used to set prices for international oil varieties, shed 26 cents to $107.37 on the ICE exchange in London.

Traders are uneasy about possible disruption of supplies due to conflict in eastern Ukraine and possible European sanctions on Russia.

Pro-Russian separatists have seized government buildings in several cities in Ukraine's east in the aftermath of Russia's annexation of Crimea.

Also this week, the U.S. Energy Department lowered its 2014 crude production forecast to 8.37 million barrels a day from 8.39 million barrels.

In other energy futures trading in New York:

— Wholesale gasoline shed 0.2 cent to $2.978 a gallon.

— Natural gas fell 1.1 cents to $4.523 per 1,000 cubic feet.

— Heating oil slipped 0.2 cent to $2.932 a gallon.

 

 

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