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Group buys former Armour meatpacking site in Stockyards

The 16.8-acre site of the historic, former Armour meatpacking plant in Fort Worth’s Stockyards has changed hands, and its new owners aren’t saying anything about their plans. Chesapeake Land Development Co., which bought the site

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Social House Fort Worth plans to open mid-November

Social House has leased 5,045 square feet at 2801-2873 W Seventh St. in Fort Worth, according to Xceligent Inc.

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Ski Grand Prairie? TCU, UTA grad helping bring snow to Metroplex

For Levi Davis last week may have been a career peak, in more ways than one.

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GE rises most in year with equipment order increases, including at Fort Worth locomotive unit

NEW YORK — General Electric Co. beat analysts' profit estimates in the third quarter as Chief Executive Officer Jeffrey Immelt squeezed more costs from the manufacturing units.

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Cheesecake Factory gets ready to serve; Sundance tree lighting set

The Cheesecake Factory at Sundance Square will open on Dec. 9, officials with Sundance announced today. The 8,800-square-foot restaurant - being built in the

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Oil price weakens ahead of China data

The Associated Press

The price of oil declined Monday as markets waited for the preliminary reading of China's manufacturing for June.

Benchmark U.S. crude for August delivery was down 56 cents to $105.18 a barrel at 0800 GMT in electronic trading on the New York Mercantile Exchange. The contract closed down 10 cents at $105.74 on Friday.

Brent crude, used to price international oils, slipped 62 cents to $112.68 a barrel in London.

Oil prices were steady going into the weekend as markets grew accustomed to news reports of violence in Iraq where the Iraqi government is trying to wrest back some of the territory it has lost to insurgents, Desmond Chua, a market analyst at CMC Markets in Singapore, said in a commentary. The price of oil rose in recent weeks as investors worried that the surge of violence in the oil-rich country would strain crude supplies.

Earlier on Monday, the extremist group that has seized much of Syria and Iraq declared the establishment of a new Islamic state and demanded allegiance from Muslims worldwide.

On Tuesday, a preliminary reading of Chinese factory activity will give investors the latest gauge of the slowdown in China, the world's biggest energy consumer.

In other energy futures trading on the Nymex:

—Wholesale gasoline drifted down 2.2 cents to $3.052 a gallon.

—Natural gas added 0.6 cent to $4.415 per 1,000 cubic feet.

—Heating oil was down 2.2 cents to $2.982 a gallon.

 

 

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