LOUISVILLE, Ky.-- A longtime coal operator plans to open seven mines in the heart of the eastern Kentucky coalfields in a venture expected to create more than 250 jobs in a hard-pressed region where several thousand mining jobs have disappeared in recent years.
TALLAHASSEE, Fla.-- So you have a lottery ticket worth $590.5 million. The Associated Press asked more than 20 personal financial advisers how the winner should proceed, and they agreed it's crucial to assemble a team of advisers who can be trusted.
MORGANTOWN, W.Va.-- CONSOL Energy Inc. says it's got federal approval to restart its sprawling Blacksville No. 2 coal mine with the morning shift on Monday. The operation straddling the West Virginia- Pennsylvania border was evacuated March 12 after smoke began pouring from a shaft in Wayne Township, Pa.
HOUSTON-- Southwestern Energy has closed on the purchase of about 162,000 acres of land in Pennsylvania. The Marcellus Shale, a massive underground gas reserve stretching from New York across Pennsylvania and West Virginia to Ohio. Southwestern Energy Co., based in Houston, financed the deal with existing debt.
PITTSBURGH-- There's been plenty of controversy over Marcellus Shale natural gas drilling in Pennsylvania, and now tax rates are part of the debate, too.
Tom Corbett's energy executive is questioning research that says Pennsylvania's Marcellus Shale impact fee will generate billions of dollars less in long-term revenue than the same natural gas production in West Virginia.
*Rubio calls for resignation of acting IRS chief. *IRS to be focus of congressional investigations. The scandal was ignited last Friday, when an IRS official revealed at a meeting of tax lawyers that the agency had inappropriately singled out Tea Party and other conservative groups for extra scrutiny of their claims for tax-exempt status.
WASHINGTON, May 13- President Barack Obama sought on Monday to neutralize two crises that threatened his second term agenda, calling the apparent targeting of conservative groups by tax officials "outrageous" and an uproar over his response to American deaths in Libya a "sideshow."
KNOXVILLE, Tenn.-- He's less than two weeks old, but he shows the telltale signs of a baby agitated and in pain: an open sore on his chin where he's rubbed the skin raw, along with a scratch on his left check.
PITTSBURGH-- A boom in natural gas drilling in Pennsylvania is generating billions of dollars for companies and private landowners, but some experts question whether the state's low effective tax on the bounty makes long-term sense. Unlike most leading oil and gas producing states, Pennsylvania doesn't link fees to how much gas comes out of the well.
WASHINGTON-- The Senate rejected an effort Wednesday to expand the use of firearms on some of the nation's most frequently visited federal lands, handing gun control advocates a modest success.
Iran converts the reserves it built up from decades of selling oil, estimated to be worth $60 billion to $100 billion, into local currencies in order to finance imports and stabilize its budget, the lawmakers say. The United States and the European Union believe that Iran is enriching uranium to levels that could be used in nuclear weapons.
WASHINGTON, May 8- A bipartisan group of U.S. senators introduced legislation on Wednesday to block Iran's access to billions of dollars worth of foreign currency reserves, the latest step by Congress to try to slow the Islamic Republic's disputed nuclear program.
May 7- U.S. power company FirstEnergy Corp said on Tuesday it hired an adviser and started implementing its plan to sell up to 1,240 megawatts of unregulated non-core hydro generation assets.
LONDON, May 7- U.S. coal miners have been among the biggest victims of the shale revolution and tougher emission controls on power plants. U.S. coal miners produced about 1,016 million short tons last year, down just over 7 percent from 1,094 million tons a decade earlier, according to estimates published by the U.S. Energy Information Administration.
May 1- As mineworkers and retirees battle to salvage their pensions and benefits from the bankruptcy of Patriot Coal Corp, lawyers for their union are trying an unusual gambit- and one that may be a test case for workers' rights when companies spin off assets.
ST. LOUIS/ NEW YORK, April 29- Patriot Coal Corp on Monday told a judge it would liquidate if not allowed to make drastic cuts to employee pension and healthcare benefits, as coal miners protested on the first day of a week-long court hearing.
By Tim Bross and Nick Brown. ST. LOUIS/ NEW YORK, April 29- Patriot Coal Corp. Patriot, which filed for bankruptcy in July, told the U.S. Bankruptcy Court in St. Louis it planned to cut $150 million in annual labor costs by ceasing pension contributions and converting healthcare to an outside fund.
By Tim Bross and Nick Brown. ST. LOUIS/ NEW YORK, April 29- Arguments got under way on Monday over the fate of healthcare and pension benefits for unionized workers of Patriot Coal Corp. The morning began with Patriot's contention that Peabody Energy Corp.
By Tim Bross and Nick Brown. ST. LOUIS/ NEW YORK, April 29- Arguments got under way on Monday over the fate of healthcare and pension benefits for unionized Patriot Coal Corp. The morning began with Patriot's contention that Peabody Energy Corp.