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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 stays above $104 on crises in Ukraine, Libya


The Associated Press

Oil stayed above $104 per barrel Wednesday as traders watched to see how conflicts in Ukraine and Libya will affect supplies.

Benchmark crude for July delivery was up 11 cents to $104.22 per barrel at 0800 GMT in electronic trading on the New York Mercantile Exchange. The contract fell 24 cents to close Tuesday at $104.11

Brent crude, a benchmark for international oils, added 29 cents to $110.31 on the ICE exchange in London.

Markets are uneasy about the conflict in Ukraine, a key conduit for Russian gas to reach Europe. Russia's acceptance of the result of Sunday's presidential election was seen as a sign of easing tensions but more fighting between government forces and pro-Russian separatists in the east made clear the situation still is uncertain.

In Libya, which has been unable to stabilize since the ouster of Moammar Gadhafi in 2011, the National Oil Corp. said crude exports stood at 160,000 barrels a day, down from 1.4 million barrels a day a year ago. Several key export facilities are controlled by militias who do not recognize the central government.

In other energy futures trading in New York.

— Wholesale gasoline shed 0.6 cent to $2.986 per gallon.

— Natural gas fell 2 cents to $4.485 per 1,000 cubic feet.

— Heating oil added 0.8 cent to $2.945 a gallon.

 

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