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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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Oil rises ahead of US supply report 


The Associated Press

The price of oil rose Wednesday before the release of the latest report on U.S. supplies and minutes from the U.S. Federal Reserve's April policy meeting.

Benchmark U.S. crude for July delivery was up 56 cents to $102.90 a barrel at 0550 GMT in electronic trading on the New York Mercantile Exchange. It gained 22 cents to $102.33 on Tuesday.

Brent crude, a benchmark for international oil, was up 4 cents to $109.73 a barrel on the ICE exchange in London.

Traders are watching for analysis of the U.S. economy from the Fed. Meanwhile, fresh information on U.S. stockpiles of crude and refined products is also due later Wednesday.

Data for the week ended May 16 is expected to show a decline of 300,000 barrels in crude oil stocks and an increase of 150,000 barrels in gasoline stocks, according to a survey of analysts by Platts, the energy information arm of McGraw-Hill Cos.

In other energy futures trading in New York:

— Wholesale gasoline was down 0.5 cent to $2.956 a gallon.

— Natural gas fell 2.2 cents to $4.53 per 1,000 cubic feet.

— Heating oil was flat at $2.946 a gallon.

 

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