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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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Quicksilver closes sale of Sand Wash Basin holdings

Fort Worth-based Quicksilver Resources Inc. said May 1 it closed on the previously announced sale to Southwestern Energy Production Co. of its jointly owned holdings with SWEPI LP in the Sand Wash Basin for gross cash proceeds of $180 million.
Quicksilver received total cash proceeds of $93.5 million, which includes a deposit of $4.5 million received on March 4, 2014, when the agreement was executed.
The effective date of the sale is Jan. 1, 2014. Quicksilver’s first-quarter 2014 results will not include the impact of this transaction as the sale was reflected on the date proceeds were received, in accordance with accounting rules.
The sale is not expected to create income effects.


Quicksilver Resources is a publicly traded independent oil and gas company engaged in the exploration, development and acquisition of oil and gas, primarily from unconventional reservoirs including shales and coal beds in North America.
Quicksilver’s Canadian subsidiary, Quicksilver Resources Canada Inc., is headquartered in Calgary, Alberta.
Quicksilver’s common stock is traded on the New York Stock Exchange under the symbol “KWK.”
For more information about Quicksilver Resources, visit www.qrinc.com.

Betty Dillard
bdillard@bizpress.net
 

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