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Group buys former Armour meatpacking site in Stockyards

The 16.8-acre site of the historic, former Armour meatpacking plant in Fort Worth’s Stockyards has changed hands, and its new owners aren’t saying anything about their plans. Chesapeake Land Development Co., which bought the site

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Fresh Ebola fears hit airline stocks

DALLAS (AP) — News that a nurse diagnosed with Ebola flew on a plane full of passengers raised fear among airline investors that the scare over the virus could cause travelers to avoid flying.

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Social House Fort Worth plans to open mid-November

Social House has leased 5,045 square feet at 2801-2873 W Seventh St. in Fort Worth, according to Xceligent Inc.

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Ski Grand Prairie? TCU, UTA grad helping bring snow to Metroplex

For Levi Davis last week may have been a career peak, in more ways than one.

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GE rises most in year with equipment order increases, including at Fort Worth locomotive unit

NEW YORK — General Electric Co. beat analysts' profit estimates in the third quarter as Chief Executive Officer Jeffrey Immelt squeezed more costs from the manufacturing units.

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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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