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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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SEC: Houston oil company made fraudulent claims

 

HOUSTON (AP) – The federal Securities and Exchange Commission has determined that a Houston oil and gas company misled investors by making fraudulent claims about its oil reserves.

The SEC announced Monday that Houston American Energy Corp. and its CEO, John F. Terwilliger, had claimed that a Colombian exploration venture had yielded between 1 billion and 4 billion barrels of oil reserves. But the SEC says the estimates "lacked any reasonable basis."

SEC officials say false claims made by the company in 2009 and 2010 allowed it to raise about $13 million in a public offering and saw its stock price increase from $5 per share to $20. Houston American now trades for about 40 cents per share.

A phone message left for an attorney representing Houston American was not immediately return.
 

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