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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 price edges up on supply drop expectations


The Associated Press

The price of oil ticked higher to near $103 a barrel on Wednesday as traders anticipated a decline in U.S. supplies of crude.

Benchmark U.S. oil for July delivery was up 17 cents to $102.83 a barrel at 0725 GMT in electronic trading on the New York Mercantile Exchange. The contract rose 19 cents to close Tuesday at $102.66.

Brent crude, a benchmark for international oils, gained 7 cents to $108.89 a barrel on the ICE exchange in London.

A report due later Wednesday on U.S. supplies for the week ended May 30 is expected to show a decline of 2 million barrels in crude oil stocks and an increase of 2 million 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 on Nymex:

— Wholesale gasoline was steady at $2.949 a gallon.

— Natural gas rose 0.1 cent to $4.63 per 1,000 cubic feet.

— Heating oil rose 0.2 cent to $2.868 a gallon.

 

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