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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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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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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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Oil climbs as Ukraine fear outweighs China data


The Associated Press

The price of oil climbed above $100 a barrel Monday as escalating tensions in Ukraine outweighed a fourth month of contraction in China's manufacturing.

Benchmark U.S. crude for June delivery was up 34 cents to $100.10 a barrel at 0725 GMT in electronic trading on the New York Mercantile Exchange. The contract rose 34 cents to settle at $99.76 on Friday.

Brent crude, a benchmark for international varieties of oil, gained 11 cents to $108.70 on the ICE exchange in London.

Violence flared in Ukraine on Sunday as a mob of protesters outraged by the deaths of pro-Russian activists stormed police headquarters in the Black Sea port city of Odessa, smashing doors, windows and security cameras before police freed dozens of their jailed allies.

Concerns are mounting that if the conflict spirals further it could force the U.S. and Europe to strengthen sanctions against Russia, which Ukraine accuses of fomenting unrest in its Russian-speaking eastern regions. Russia is a major supplier of natural gas and oil to Europe.

China's factory activity contracted again last month, according to HSBC's purchasing manager index, and the pace of the decline was more severe than a preliminary version of the report indicated. The PMI results underscore the continuing slowdown in the world's second biggest economy, which could mean lower energy demand.

In other energy futures trading on Nymex:

— Wholesale gasoline rose 0.4 cents to $2.95 a gallon.

— Heating oil added 0.4 cent to $2.926 a gallon

— Natural gas rose 0.3 cent to $4.677 per 1,000 cubic feet.

 

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