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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 prices rise after China growth ticks higher 


The Associated Press

Oil prices rose Wednesday after China reported a slight improvement in economic growth for the second quarter that allayed fears its slowdown was continuing.

Benchmark U.S. crude for August delivery was up 62 cents at $100.58 a barrel at 0720 GMT in electronic trading on the New York Mercantile Exchange. The contract fell 95 cents to $99.96 on Tuesday.

Prices have fallen in recent weeks as Libya neared an increase in production and after worries about supply disruptions from Iraq faded. But stronger economic growth in China, the world's top oil importer, could increase its demand for crude.

China's growth rose to 7.5 percent in the April-June quarter from 7.4 percent in the first quarter, suggesting that the government's mini-stimulus measures had a positive effect.

Brent crude, a benchmark for international oils, gained 41 cents to $107.29 on the ICE exchange in London.

In other Nymex trading:

— Wholesale gasoline added 1.2 cents to $2.88 a gallon.

— Natural gas gained 0.5 cent to $4.102 per 1,000 cubic feet.

— Heating oil rose 0.5 cent to $2.874 a gallon.

 

 

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