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Little General stores donating to Toys for Tots

Little General Stores Inc. will donate $10,000 to the Marine Corps' Toys for Tots campaign at a press conference with representatives of BP on Friday afternoon in Beckley.

But that's not all.

For every gallon of gasoline sold at its 94 stores on Friday, Little General Stores will donate one cent to the Toys for Tots campaign, said Brian Waugh, Little General's director of retail.

Little General figures Friday will be busier than usual because it is the beginning of the big Christmas holiday travel weekend. The company timed the event to generate more for Toys for Tots, Waugh said.

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Three new businesses — Elk City Sales, Lee's Barber Shop and Upper Cutz — have opened in Dunbar, said Katherine McCormick, the city's business development consultant.

Scott Holroyd, who formerly managed Balzout, owns Elk City Sales. Following Balzout's bankruptcy, Holroyd bought the company's equipment and established Elk City Sales at the end of 28th Street, near Ben Franklin.

Elk City Sales is licensed to print West Virginia University T-shirts. The company also prints T-shirts for many local organizations.

Lee's Barber Shop, owned by Lee Barge, moved from Kanawha City to 335 12th St., McCormick said

Zac Cooper has opened Upper Cutz at 507-B Dunbar Ave. Cooper is a third-generation barber. His shop is in the same location his dad occupied for 10 years, McCormick said.

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Presentations from Gov. Earl Ray Tomblin's 2012 Energy Summit, held Dec. 10 at the Marriott, are now posted online at www.wvcommerce.org

/energy/summits/energy

summit2012/default.aspx.

Presentations from the five previous summits also are posted online. Studying them is like taking a graduate-level course in West Virginia's energy sector.

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Markel Corp., a financial holding company, announced it is acquiring Alterra Capital Holdings Limited, a provider of specialty insurance and reinsurance products, in a deal valued at about $3 billion.

The companies said in a joint press release that Marty Becker, president and chief executive officer of Alterra, is expected to leave the company following the close of the transaction.

Becker is chairman and general partner of West Virginia Media Holdings, which he co-founded with Bray Cary in 2001. West Virginia Media Holdings owns WOWK-TV and several other media outlets around the state.

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Economic losses from natural catastrophes and man-made disasters will likely reach at least $140 billion this year, according to Swiss Re Group, a wholesale provider of insurance-based products.

According to preliminary estimates, about $65 billion of the losses are insured.

Tops in economic losses in the United States this year: Superstorm Sandy and a drought that affected more than half of the country.


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