Business, Government Legal News from throughout WVBusiness

MVB Bank’s earnings up 20 percent in 2011

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Loan volume, deposits grow. More>>

Appalachian gas could shield U.S. from world oil markets

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An energy investments portfolio manager told West Virginia gas and oil industry professionals that to see the role Appalachian shale gas would play in the national energy scene, look to the coalfields of China. More>>

Industries uniting to woo multi-billion dollar ethane facility

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West Virginia's race against Ohio and Pennsylvania to attract an ethane cracker facility has united a number of industries hoping to best take advantage of the potential investments. More>>

CEOs: Gas drilling bright in WV wet gas regions despite low prices

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The chief officers of four the state's top natural gas drillers in West Virginia say despite low natural gas prices, the future of the industry is looking bright.

 

 
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Chesapeake reports profits up in 4Q

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Hurt financially by low gas prices, the company is selling $10 to $12 billion in assets to finance shift toward liquids; CEO projects balance between cash flow and capital expenditures by 2014. More>>

Groups file appeal over North Mountain Shale quarry permit

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The West Virginia Surface Mine Board upheld the permit on Jan. 25 under the groups' appeal; they say it does not adequately protect water quality or historical resources.
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Businesses locating to WV could get tax exemption

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Legislation would provide five or 10-year tax exemption to businesses meeting certain criteria — a move one business owner says would make the state far more competitive in attracting jobs. More>>

SLIDESHOW: Hundreds take the plunge in cold water to benefit Special Olympics in WV

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Costumed swimmers raised money this weekend at the Morgantown Polar Plunge: Freezin' For a Reason, which benefits the West Virginia Special Olympics. Another Plunge will take place at 3 p.m. Feb. 25, at Winterplace Ski Resort in Beckley/Flat Top.
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Cabot announces income increase, record oil and gas production

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Company believes gas prices have hit bottom; announces new pipeline from northeast Pennsylvania to serve markets in New York and New England. More>>

Defense contractor warns W.Va. workers of layoffs

Defense contractor Alliant Techsystems is asking workers at its Rocket Center plant to volunteer for layoffs. More>>

Economist and energy expert to discuss global warming at UC Speaker Series

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Eban Goodstein, director of the Bard Center for Environmental Policy and founding director of Bard's new MBA program in sustainability, will speak this week about climate change and power solutions. More>>

WV House OK's bill to allow liquor sampling

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Bill would regulate how liquor sampling events are conducted. More>>

WV man to produce film about buying American-made products

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Made in the USA is not just a slogan, it will be a way of life for Josh Miller who has pledged to live off of American-made products and services for 30 days. Miller's experience will chronicled on a movie, "Made in the USA: The 30 Day Journey." More>>

Huntington Awning and Patio Shop closes after nearly century in business

Huntington Awning and Patio Shop owner Tom G. Proctor described his company as "another victim of the downturn in the national economy."
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WVU faculty to present work at WV's largest bioscience showcase

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More than 80 West Virginia University researchers will meet with health-related private sector companies in what planners say is the largest bioscience/biomedical technology showcase in West Virginia. More>>

Huntington's Duncan Box Is now under new management

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One of the city's oldest businesses has a new owner. After 117 years, the Duncan family has sold Duncan Box & Lumber Co., a fixture in the Central City neighborhood for more than 100 years. More>>

API promotes recommended practices for WV gas drillers who are hydraulic fracturing

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At a workshop this week, American Petroleum Institute reviewed recommended practices for hydraulic fracturing in Charleston. More>>

MivaMan Owner Says Not Going Out of Business

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Although prohibited from selling certain merchandise as a result of a federal lawsuit filed by the WVU Board of Governors, a Morgantown retail shop owner says he will not go out of business. More>>

State Journal highlights 40 people making a difference in WV in Generation Next 2012

Welcome Success is easy when times are good. When business is booming and life seems rosy, it is easy to be at the front of the line, directing people where to go.  More>>

Study: Market factors, not the EPA drive coal-fired power plant closures

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A study released Thursday points primarily to market factors, not environmental regulation as the driving force behind coal plant closures.
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W.Va. takes serious look at natural gas vehicles

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A workshop presenting the case for natural gas vehicles (NGV) drew in more than 150 people to a full-day event in Charleston. More>>

EPA evaluates states' Chesapeake Bay plans

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West Virginia has made the most improvement on its Chesapeake Bay restoration plans, and Pennsylvania has the most work to do. More>>

WVU court victory ends fight with T-shirt maker

A Morgantown T-shirt company battling West Virginia University over trademark rights is shutting down after losing the first round in federal court. More>>

Premier Financial merges 3 out-of-state operations

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Huntington-based Premier Financial Bancorp announced plans Monday to merge three of its operations in Kentucky and Ohio into a single entity. More>>

Future leaders see education, infrastructure as top priorities

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If West Virginia leaders need any guidance on what issues they should be addressing in the Legislature right now, all they have to do is ask a young business person who has opted to start or grow a career More>>

Bayer President Greg Babe to retire in June

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Greg Babe, president and CEO of Bayer Corporation USA and Bayer MaterialScience LLC will retire at the end of June. More>>

Gas industry meeting kicks off next week

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A meeting of the Independent Oil and Gas Association will take place Tuesday and Wednesday, with a number of presentations regarding the growing industry. More>>

Chesapeake plans to sell billions of assets

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Chesapeake Energy, the second largest producer, of natural gas recently announced a financial plan that includes plans to raise about $10 to $12 billion, a figure "substantially in excess" of cash flow and planned expenditures. More>>

Former plant in Wood County being demolished

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VIENNA (AP) — A former Johns Manville plant in Wood County is being demolished. More>>

Va tourism chief named CEO of Charleston CVB

Virginia Tourism Corporation president and CEO Alisa Bailey is leaving to take a job in West Virginia. More>>

Gallop Poll: WV among top 10 states for companies hiring workers

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The Mountain State was tied at No. 7 with Indiana and South Dakota on Gallup's Job Creation Index, which compared all 50 states and Washington, D.C., on job creation statistics.
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PA microlender serving more counties in northern WV

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The nonprofit Washington County Council on Economic Development makes Small Business Administration microloans of up to $50,000 for up to six years. More>>

Long-term growth of severance tax unlikely

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Coal severance tax revenues are expected to decline over time; the severance taxes from natural gas are uncertain with prices low and production potentially rising. More>>

WVU football fans will have lots of travel opportunities this fall

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The Big 12 Conference released its 2012 football schedule Feb. 14, and Mountaineer fans are getting ready to cheer on West Virginia University during its first season in a new conference. More>>

United Bankshares reports increased earnings

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United Bankshares on Thursday, Jan. 26, reported fourth-quarter net income of about $20.3 million, up from $19.3 million a year ago. The company also reported its full-year net income was $75.6 million, up from about $72 million in 2010. More>>

Monsanto case to go to trial in February

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A pool of 28 jurors has been selected for a class-action lawsuit filed against Monsanto,  a spokeswoman for the Supreme Court of Appeals of West Virginia said.  The lawsuit will be tried in Putnam County. More>>

Bioscience industry highlights role in West Virginia

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Scientists and officials are hoping the bioscience industry will be the next big success of West Virginia science, a state already highly recognized for its successes in the chemical industry.

 
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Most Popular Stories

Fort Steuben Bridge comes down Video included

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The Fort Steuben Bridge now is a part of history. More>>

State Journal highlights 40 people making a difference in WV in Generation Next 2012

Welcome Success is easy when times are good. When business is booming and life seems rosy, it is easy to be at the front of the line, directing people where to go.  More>>

Industries uniting to woo multi-billion dollar ethane facility

Updated:

West Virginia's race against Ohio and Pennsylvania to attract an ethane cracker facility has united a number of industries hoping to best take advantage of the potential investments. More>>

Businesses locating to WV could get tax exemption

Updated:

Legislation would provide five or 10-year tax exemption to businesses meeting certain criteria — a move one business owner says would make the state far more competitive in attracting jobs. More>>

WV rural gaming bill could bring casino to Pendleton County

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A bill that would permit a gaming facility in a "rural resort community" was introduced in the Senate Feb. 20. More>>

AEP CEO: Carbon capture without storage is necessary for future coal-fired power plants

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AEP CEO Nick Akins says future carbon capture systems at power plants likely will skip the storage part if a market can be found for carbon dioxide. More>>

SLIDESHOW: Hundreds take the plunge in cold water to benefit Special Olympics in WV

Updated:

Costumed swimmers raised money this weekend at the Morgantown Polar Plunge: Freezin' For a Reason, which benefits the West Virginia Special Olympics. Another Plunge will take place at 3 p.m. Feb. 25, at Winterplace Ski Resort in Beckley/Flat Top.
More>>

Tomblin signs WV retiree benefits funding bill

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The state's last remaining debt issue now is history. More>>

Study: Market factors, not the EPA drive coal-fired power plant closures

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A study released Thursday points primarily to market factors, not environmental regulation as the driving force behind coal plant closures.
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Citizen groups pushing for bill to reduce utility costs in WV

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A bill currently stalled in the House Judiciary would require utility companies to write plans for providing "least-cost" electricity and several interest groups are hoping the bill will push through. More>>

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