ST. LOUIS-- Arch Coal Inc. said Friday that cost-control efforts helped boost its third-quarter results well above Wall Street expectations. Adjusted income was 20 cents per share, compared with a loss of 15 cents on revenue of $1.02 billion, according to FactSet.
United Bank's parent company says it earned $19.3 million, or 38 cents per share, in the quarter ending Sept. 30. The 2012 results include an accrual of $3.3 million pertaining to a settlement of claims stemming from class actions against United Bank Inc. of West Virginia, and a noncash, pretax impairment charge of $2.3 million on investment securities.
PITTSBURGH-- The wheeling and dealing over the natural gas-rich Marcellus Shale has hit the pause button. PwC said low natural gas prices were the main factor, not the output or potential of the vast shale gas formation that lies under parts of Pennsylvania, West Virginia, New York, Ohio and Maryland.
NEW YORK-- A growth in early voting and tough economy for the media are forcing changes to the exit poll system that television networks and The Associated Press depend upon to deliver the story on Election Night, all with the pressure-filled backdrop of a tight presidential race.
*Patriot Coal bankruptcy puts health care, pensions at risk. Oct 24- Peabody Energy Corp and Arch Coal Inc are being sued by mine workers who contend that the companies have an obligation to pay pension and health care benefits that were transferred to Patriot Coal in a 2007 spinoff.
RICHMOND, Va.-- Dominion Resources says its third-quarter net income tumbled nearly 47 percent because of costs related to the permanent shutdown of one of its nuclear power stations and plant outages.
CHARLESTON, W.Va.-- The United Mine Workers of America is suing Arch Coal Inc. and Peabody Energy Corp. in southern West Virginia over pension and health-care benefits for bankrupt Patriot Coal Corp.' s active and retired miners.
CHARLESTON, W.Va.-- An Internet payday lender has agreed to stop making such loans in West Virginia. Attorney General Darrell McGraw's office says Payday Financial LLC and its owner, Martin A. Webb, also agreed prior to a contempt hearing this month in Kanawha County Circuit Court to refund $135,000 in fees to 120 West Virginia consumers and pay $5,000 to the state.
*Patriot Coal bankruptcy puts health care, pensions at risk. Oct 24- Peabody Energy Corp and Arch Coal Inc are being sued by mine workers who content that the companies have an obligation to pay pension and health care benefits that were transferred to Patriot Coal in a 2007 spinoff.
ST. LOUIS-- Arch Coal Inc., one of the world's biggest coal producers, is scheduled to report earnings for the third quarter before the market opens on Friday. Arch's latest earnings may reflect its June announcement that it was laying off about 750 workers in the Kentucky, Virginia and West Virginia coalfields.
John Kasich warned Wednesday of an economic slowdown happening in the swing state ahead the presidential election, even as Huntington bank announced it is bringing 250 jobs to Ohio.
PITTSBURGH-- Fourteen environmental groups have asked Pennsylvania Republican Gov. Tom Corbett to reverse a recent change in how official notifications of possible water pollution related to Marcellus Shale natural gas drilling are handled.
MORGANTOWN, W.Va.-- West Virginia University plans to buy nearly 40 properties in Morgantown in a $14.5 million real estate deal that the Board of Governors was set to consider Tuesday afternoon. WVU officials have declined to discuss the details this week but told media outlets they may have more to say in a few days.
CHARLESTON, W.Va.-- West Virginia agriculture officials are hosting a delegation from China. The West Virginia Department of Agriculture is teaming up with the state's Nursery and Landscape Association to host the delegation. A reception was held Monday night in Charleston following a tour of a nursery operation in Mason County.
MORGANTOWN, W.Va.-- The Institute for Community and Rural Health at West Virginia University is getting $400,000 for programs designed to help reduce obesity and curb deaths from stroke and heart disease.
HUNTINGTON, W.Va.-- Job creation in southern West Virginia is the focus of a discussion in Huntington that will bring together federal and regional officials. Nick Rahall will be joined by federal agriculture and commerce officials on Tuesday at a discussion promoted by the Appalachian Regional Commission.
Attorneys met in Franklin County Circuit Court to discuss the status of the case, which began in 2010 when environmentalists pointed out questionable water quality monitoring practices by Frasure Creek and another coal company, International Coal Group.
One of the reports adds that the Marcellus reserves that lie below parts of Pennsylvania, West Virginia, Ohio and New York are far larger than recent government estimates, while another said the powerful combination of resource, cost and location is altering natural gas prices and market trends across the nation.
MORGANTOWN, W.Va.-- Drive through the coalfields of Central Appalachia, and signs of the siege are everywhere. Only a few generations ago, coal miners were literally at war with their employers, spilling and shedding blood on West Virginia's Blair Mountain in a historic battle for union representation and fair treatment.