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Fort Worth's TPG takes controlling interest in Hollywood, sports powerhouse

A Fort Worth firm has gone Hollywood.

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Downtown Fort Worth TIF reaches parking agreement with four garages

The TIF board will meet Oct. 29 to consider the agreements.

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Oil price drop goes unnoticed in Texas' Eagle Ford shale

CUERO, Texas — From her vantage point of the U.S. shale oil boom, Jill Potts doesn't see anything to worry about.

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Renovated Daniel-Meyer to put TCU basketball in the spotlight

You might say the Texas Christian University men’s basketball team was the sacrificial lamb in the university’s football-motivated move from the Mountain West Conference to the Big 12 Conference. The rising

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TABC won’t hear Glen Garden case as purchase moves forward

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Oil rises to near $105 on demand prospects

The Associated Press

Oil rose to near $105 a barrel Tuesday on expectations for rising demand as the global economy strengthens.

Benchmark U.S. oil for July delivery was up 37 cents to $104.78 a barrel at 0750 GMT in electronic trading on the New York Mercantile Exchange. It soared $1.75 to close at $104.41 on Monday and is now at its highest since early April.

Recent economic indicators that suggest stronger global growth include Japan raising its January-March GDP number, a fourth month of solid hiring in the U.S. and China's export growth accelerating in May.

Adding to upward pressure on oil prices are talks on the Ukraine crisis, which started Sunday in Kiev between Ukraine, Russia, and the Organization for Security and Cooperation in Europe. The talks were expected to continue daily, but there is no sign so far of an immediate resolution.

Brent crude, a benchmark for international oils, inched up 1 cent to $109.16 a barrel in London.

In other energy futures trading on Nymex:

— Wholesale gasoline rose 0.4 cent to $2.988 a gallon.

— Natural gas fell 0.2 cent to $2.893 per 1,000 cubic feet.

— Heating oil added 0.2 cent to $2.893 a gallon.

 

 

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