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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 falls to near $102 amid Gaza peace efforts

 

The Associated Press

The price of oil retreated to near $102 per barrel on Wednesday amid a new push for a cease-fire between Israel and Palestine and after Europe imposed additional sanctions on Russia that fell short of a heavy hit.

U.S. benchmark oil for September delivery was down 34 cents to $102.07 a barrel at 0850 GMT in electronic trading on the New York Mercantile Exchange. The contract slipped 47 cents to $102.39 on Tuesday.

Brent crude for September delivery, a benchmark for international oils, was up 9 cents to $107.43 on the ICE exchange in London.

The price of oil has been kept high after a civilian jetliner was last week shot out of the sky over part of eastern Ukraine controlled by pro-Russian separatists and as Israel's invasion of the Gaza Strip added to risks of instability in the Middle East.

On Wednesday, U.S. Secretary of State John Kerry arrived in Tel Aviv, seeking to renew a push for a cease-fire after an earlier proposal by Egypt was rejected.

More than 630 Palestinians and about 30 Israelis have been killed in the violence. A Hamas rocket exploded Tuesday near Israel's main airport, prompting a ban on flights from the U.S. and many from Europe and Canada as aviation authorities responded to the shock of seeing a civilian jetliner shot down over Ukraine.

The European Union slapped new sanctions on Russian individuals after a meeting on Tuesday. But the bloc didn't impose penalties that would disrupt energy supplies from Russia, waiting for a clearer picture of last week's downing of a Malaysian jetliner, which killed 298 people.

In other Nymex trading:

— Wholesale gasoline fell 0.9 cent to $2.844 a gallon.

— Heating oil gained 0.5 cent to $2.868 a gallon.

— Natural gas added 0.5 cent to $3.777 per 1,000 cubic feet.

 

 

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