Get Connected
  • facebook
  • twitter
  • Sign In
  • Classifieds
  • Sections

Business  »  Business

Oil glut creates storage crisis
Oil glut creates storage crisis

NEW YORK — The U.S. has so much crude that it is running out of places to put it, and that could drive oil and gasoline prices even lower in the coming months.

For the past seven weeks, the United States has been producing and importing...

Oil glut creates storage crisis
Oil glut creates storage crisis

NEW YORK — The U.S. has so much crude that it is running out of places to put it, and that could drive oil and gasoline prices even lower in the coming months.

For the past seven weeks, the United States has been producing and importing...

AT&T expands LTE coverage in Coal Fork

AT&T has upgraded an additional mobile Internet cell site in Coal Fork to expand 4G LTE coverage near the intersection of Springfield and Campbells Creek drives.

The upgrade was part of the company’s three-year Project VIP network...

W.Va. budget officials forecast up to $80 million shortfall

With revenue collections remaining stagnant, West Virginia budget officials now think the state will finish its current budget year with between a $60 million to $80 million deficit.

The state collected nearly $221.7 million for the General...

Freedom Industries bankruptcy case heading toward finish line

Attorneys are looking at ways to bring the Freedom Industries bankruptcy case to conclusion, first and foremost by dealing with obligations under a West Virginia Department of Environmental Protection remediation program and selling the Etowah River...

Energy firm secures new financing agreement

Energy Services of America, the parent company of C.J. Hughes Construction Company and Nitro Electric Company, entered into a $10 million revolving line of credit financing arrangement with United Bank, Inc., effective Feb. 27.

The arrangement...

State picks Federated Investors to manage money market funds

The West Virginia Board of Treasury Investments has selected Federated Investors Inc. subsidiary Federated Investment Counseling to manage the state’s $1.2 billion money market pool.

The company will be responsible for investing state...

Energy firm secures new financing agreement

Energy Services of America, the parent company of C.J. Hughes Construction Company and Nitro Electric Company, entered into a $10 million revolving line of credit financing arrangement with United Bank, Inc., effective Feb. 27.

The arrangement...

Appalachian Power, Wheeling Power seek rate increase

CHARLESTON, W.Va. (AP) — Appalachian Power and Wheeling Power are asking regulators to approve a request that would increase customers’ bills by 4 percent or more.

The filing with the West Virginia Public Service Commission seeks...

W.Va. utility to invest $225 million on infrastructure

FAIRMONT, W.Va. (AP) — FirstEnergy Corp. expects to spend about $225 million this year on distribution and transmission infrastructure projects in Mon Power’s 34-county service area.

About $97 million is earmarked for transmission-...

Justice says coal operations buyback includes liabilities

CHARLESTON, W.Va. (AP) — Billionaire Jim Justice says his buyback of coal mining operations in West Virginia includes some big liabilities.

Justice completed the $5 million acquisition of Bluestone Inc. from Russian mining and metals...

WV Business People for Tuesday, March 3
WV Business People for Tuesday, March 3

CONSTRUCTION

n John Brumley, a Charleston native and licensed contractor, has been named president of the Home Builders Association of West Virginia for a two-year term.

The publisher of Homes Magazine, he has represented West Virginia as ...

Longtime Kanawha County banking executive dies
Longtime Kanawha County banking executive dies

Lloyd Calvert, a longtime fixture in the local banking community, died Friday at Charleston Area Medical Center’s Memorial Hospital. He was 78.

Calvert retired as One Valley Bank’s senior vice president of corporate affairs after...

Top Video

Jared Hunt

Jared Hunt column: Gas prices on the way back up
Jared Hunt column: Sheetz hopes to double number of stores