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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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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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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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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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D.R. Horton reports quarterly profit

Home construction. CNN

Fort Worth-based D.R. Horton Inc reported a 173 percent jump in quarterly profit for its second fiscal quarter ended March 31, reflecting the increasing strength of the housing market.
Net income increased to $111 million, or 32 cents per share, in the second quarter from $40.6 million, or 13 cents per share, a year earlier.
Revenue rose 49 percent ot $1.39 billion.
Homes closed in the quarter increased 33 percent to 5,643, compared to 4,240 homes in the year-ago quarter.
“The spring selling season is off to a strong start at D.R. Horton, with robust demand driving higher sales volumes and favorable pricing, which is reflected in the 14 percent increase in our average selling price,” said Donald R. Horton, chairman, in a statement. “ We are in an excellent position to continue to meet increased sales demand and aggregate market share with 15,800 homes in inventory and 175,000 lots owned or controlled under option contracts, of which 58,000 lots are fully developed. “
 

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