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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 falls but hovers near $104 a barrel 


The Associated Press

The price of oil drifted lower from a one-month high Thursday but held near $104 a barrel.

Benchmark U.S. crude for July delivery was down 22 cents to $103.85 a barrel at 0925 GMT in electronic trading on the New York Mercantile Exchange. The contract gained $1.74 to close at $104.07 on Wednesday.

Brent crude, a benchmark for international oils, was down 15 cents to $110.40 on the ICE exchange in London.

The U.S. oil price hit a one-month high Wednesday after a weekly report from the Energy Information Administration showed that U.S. crude oil supplies dropped 7.2 million barrels for the week ended May 16. The drop was bigger than analysts expected.

Preliminary results of a monthly HSBC survey showed that the contraction in China's manufacturing eased in May, but the improvement was not sufficient to boost energy prices.

In other energy future trading in New York.

— Wholesale gasoline fell 0.4 cent to $2.976 a gallon.

— Natural gas added 2.9 cents to $4.502 per 1,000 cubic feet.

— Heating oil dropped 0.4 cent to $2.948 a gallon.

 

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