Alpha Cancels Auctions for Wyoming Mines During Contentious Bankruptcy Process

first_img FacebookTwitterLinkedInEmailPrint分享Benjamin Storrow in the Casper Star Tribune:A Virginia environmentalist seeking to buy Alpha Natural Resources out of bankruptcy would not close the company’s Wyoming mines.Instead, the Belle Ayr and Eagle Butte mines would be operated to generate income for reclamation of Alpha’s eastern operations, according to a person familiar with the thinking of Tom Clarke, CEO of the Virginia Conservation Legacy Fund.That statement came as jostling in court continued over Alpha’s restructuring plan.The Bristol, Virgina-based miner canceled an auction scheduled for Monday, saying it had only received one qualified offer for its core assets. That bid belonged to the company’s senior lenders, who submitted a $500 million offer in March.An auction of the company’s natural gas assets in the Marcellus shale play did proceed, but the outcome was not announced. Alpha previously agreed on a minimum bid of $200 million with Rice Energy.Clarke, through a subsidiary of his non-profit, the Virginia Legacy Conservation Fund, tendered a roughly $3 billion bid for Alpha’s assets, a figure which includes the assumption of the company’s reclamation liability. The Virginia environmentalist will not object to Alpha’s decision to cancel the auction, according to a source who spoke on the condition anonymity because bids are confidential.Instead, Clarke is betting concerns raised by the U.S. Trustee and West Virginia regulators will prompt the federal bankruptcy court to reject Alpha’s restructuring plans, the person said, making his offer more palatable to the company’s creditors.State and federal regulators have argued the company is effectively seeking to jettison its reclamation obligations in Appalachia by selling its core-assets to senior lenders and creating a second restructured company responsible for cleanup of its marginal mines.“That restructuring plan would divest ‘reorganized Alpha’ of its most valuable and most profitable assets, while leaving it saddled with its largest, and most intractable, liabilities,” West Virginia regulators wrote in an objection to the company’s plans. They estimated Alpha’s cleanup costs in excess of $1 billion.Full article: http://trib.com/business/energy/environmentalist-would-continue-to-operate-alpha-s-prb-mines/article_a0ed0ead-d17c-5ce3-8e03-cda086706b90.html Alpha Cancels Auctions for Wyoming Mines During Contentious Bankruptcy Processlast_img read more

County Judge Evans receives national ABA education award

first_imgCounty Judge Evans receives national ABA education award November 1, 2003 Regular News County Judge Evans receives national ABA education awardcenter_img Palm Beach County Court Judge Peter Evans was awarded the 2003 ABA Judicial Division Education Award.The award is presented annually to a judge who has “personally strived to provide the highest quality and most innovative education and training programs to judges on both the state and national level.”Within the state of Florida, Judge Evans began by becoming a faculty member of the Florida New Judges College faculty. In that capacity he designed and implemented interactive teaching segments to provide newly elected and appointed county court judges with a working knowledge of civil and small claims court procedures. In 1994 he became the dean of the Florida Traffic Adjudication Program. In that annual week-long adjudication program, judges receive skills training in the adjudication of impaired driving and other serious traffic offenses.Most recently Judge Evans became the first limited jurisdiction court judge to design and implement a Web-based distance learning course exclusively for limited jurisdiction judges who handle civil and small claims actions. His small claims course is now featured as one of only two on-line distance learning courses available from National Judicial College. Evan’s model for designing and implementing a distance learning course has earned him the recognition of the college and led to his appointment as a member of the faculty in the advanced distance learning faculty development course that will be presented in April.The Conference of County Court Judges of Florida has repeatedly recognized Judge Evan’s contributions to the education and training of its members. For the past seven years he has presented his annual Civil Law Update in which county court judges are apprised of the latest developments in case law and rules of procedure which affect practice in the civil and small claims divisions of county court. He also has authored definitive works on the law of garnishment and replevin.last_img read more

Retail sales plummet; NAFCU’s Long suggests robust recovery unlikely

first_img ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr continue reading » “The first full month of nationwide stay-at-home orders was catastrophic for retail sales,” said NAFCU Chief Economist and Vice President of Research Curt Long in a new NAFCU Macro Data Flash report. Total retail sales plummeted 16.4 percent during the month, following March’s revised 8.3 percent fall.“[T]he decline in April doubled the previous record for a single-month sales decline, set in March,” Long noted. “With states beginning to reopen, sales levels should start to stabilize in May. But a robust recovery is unlikely with tens of millions out of work and plummeting consumer confidence.“NAFCU expects a long, slow recovery,” he concluded.Year-over-year retail sales were down 21.6 percent in April, following March’s year-over-year sales’ 5.9 percent drop. Control group sales, which excludes the auto, gas, and building materials categories, were down 17.4 percent in April.“The major retail segments were in freefall, though mostly discretionary spending,” Long said, with significant drops among the clothing sector (-78.8 percent), electronics sector (-60.6 percent), and furniture stores (-58.7 percent).center_img NAFCUlast_img read more

Wahlburgers Opening First Long Island Location

first_imgSign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York Wahlburgers, the Massachusetts-based hamburger restaurant chain led by a celebrity chef whose brothers are even bigger celebrities, opens its first Long Island location Friday in Port Jefferson Station following several false starts.The eatery is slated to open at 11:30 a.m. Dec. 9 on Nesconset Highway near the corner of Terryville Road. The chain touts recipes based on the family’s home-style cooking with locally sourced ingredients made fresh daily on site—although some of the menu requires translation from Bostonese.“We’ve created this family business with a mission to welcome families and friends from around the world to a place where they can break bread, enjoy some great food and lots of laughs,” said actor Mark Wahlberg, a partner in the company, earlier this year when the company announced plans to double its number of franchises.The LI location will be the 13th Wahlburgers since the chain debuted five years ago in Hingham, Mass., a suburb of Boston. Currently it has locations in seven states and two in Toronto, although the only other one in New York is in the Coney Island section of Brooklyn. The next restaurant expected to open soon will be in Florida.Wahlburgers is also the subject of a self-titled A&E reality series starring founding chef Paul Wahlberg as well as his brothers Mark and Donnie Wahlberg.The burger menu includes homemade Mom’s Sloppy Joes, double and triple burgers with “government” cheese, and the “O.F.D.”—the ½ lb. bacon and Swiss cheese burger with mushrooms and tomato jam, whose acronym is short for “Originally From Dorchestah.”Among the lighter fare—including the ability to have any of the burgers made into a salad—they also offer seared chicken sandwiches, a Portobello sandwich and a kid’s menu that includes a “smahlburger.”Wahlburgers also features a full bar with wine, spirits and beer—both local and bigger names, including their own house beer, the Wahlbrewski. In addition, the bar menu features adult frappes and floats, such as the Fluffanuttahh: vanilla ice cream, marshmallow vodka, crème de banana and peanut butter.The LI location will be open form 11:30 a.m. to 10 p.m. daily for the soft opening for several weeks. Once it’s fully open, it will stay open til 12 a.m. weeknights and 2 a.m. on Friday and Saturday.The restaurant is located at 4837 Nesconset Hwy., Port Jefferson Station.last_img read more

Quarantined travelers in Maluku get angry over absence of food, health tests

first_img“If authorities fail to fulfill what they’ve promised us, how can we stay [in this quarantine facility]? We’re not sick, but we could die from hunger here,” a traveler from Jakarta, Helmy Latupono, said while leading a protest at the building on Wednesday afternoon.”I’ll definitely lead others to leave this building,” he added, asserting that they were healthy and therefore had no chance of transmitting the virus to locals.Read also: Maluku limits access to airports, harbors to curb COVID-19 spreadThe Maluku administration had prepared the building to quarantine anyone traveling to the region during the COVID-19 outbreak to contain the disease’s spread. The quarantine period was supposed to last 14 days.LPMP Maluku head Achli Jasim explained separately that his office had prepared 142 isolation wards in the building, as requested by the Maluku administration. The administration, however, had not specifically asked his side to provide food or medical examinations for the travelers.”Our task is to assist the COVID-19 task force in Maluku with the isolation facility,” Jasim said, suggesting that it was the task force’s duty to provide the quarantined people with food and medical tests.He further said that some of the quarantined travelers had left the building after the protest but some others decided to stay. Eighty-six of them arrived in the province aboard state ship operator Pelni’s KM Tidar passenger vessel. (vny)Topics : Dozens of travelers arriving at Yos Sudarso Port in Ambon, Maluku, on Wednesday morning  reportedly expressed outrage after the city failed to provide them with food and medical examinations at its quarantine facility.The travelers had been transported to the nearby Education Quality Control Agency (LPMP) building, which has been designated as a quarantine facility during the COVID-19 pandemic, at around 4 a.m., just after setting foot in the region.They had purportedly waited for further action from the administration inside the building but nothing happened until noon. They were not given food and did not undergo health tests for COVID-19, which they claim had been promised beforehand. last_img read more

Robert Pires rates Alexis Sanchez’s chances of making sensational Arsenal return from Manchester United

first_imgRobert Pires rates Alexis Sanchez’s chances of making sensational Arsenal return from Manchester United Comment Metro Sport ReporterFriday 1 Mar 2019 9:15 amShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link Advertisement Alexis Sanchez won the FA Cup twice during his four years at Arsenal (Picture: Getty)‘There’s no chance Sanchez will return to Arsenal.‘Sanchez isn’t playing his best football and he is on a lot of money at Manchester Utd which Arsenal are not willing to pay.‘Sanchez won’t want to come running back to Arsenal with his tail between his legs after having a rough time elsewhere.‘He will have to hope he returns to form with a fresh chance under [Ole Gunnar] Solskjaer at Manchester United.’More: Manchester United FCRio Ferdinand urges Ole Gunnar Solskjaer to drop Manchester United starNew Manchester United signing Facundo Pellistri responds to Edinson Cavani praiseEx-Man Utd coach blasts Ed Woodward for two key transfer errors Alexis Sanchez has been a major disappointment since swapping Arsenal for Manchester United (Picture: Getty)Robert Pires believes it would be virtually impossible for Alexis Sanchez to return to Arsenal amid uncertainty over his Manchester United future.Sanchez swapped the Emirates for Old Trafford last January but has struggled to rediscover the form which marked him out as one of the Premier League’s most prolific forwards during his time in north London.United interim manager Ole Gunnar Solskjaer was critical of Sanchez’s performance during the recent Champions League defeat against Paris Saint-Germain and the former Barcelona star failed to stake a claim for a regular place in the side following to subdued displays against Liverpool and Crystal Palace in the last week.AdvertisementAdvertisementMore: FootballRio Ferdinand urges Ole Gunnar Solskjaer to drop Manchester United starChelsea defender Fikayo Tomori reveals why he made U-turn over transfer deadline day moveMikel Arteta rates Thomas Partey’s chances of making his Arsenal debut vs Man CityFormer Arsenal winger Marc Overmars, touted as a possible candidate for the vacant technical director’s role at the Emirates, suggested recently that Sanchez could make a sensational return to the club at which he won two FA Cup, but Pires cannot envision such a scenario.ADVERTISEMENT‘It would be very strange to see Arsenal sign Sanchez back in the summer,’ the Frenchman told BWin.‘I don’t see how it makes sense for either Sanchez or Arsenal after how it ended. Advertisementlast_img read more

Arsenal have reservations over signing Barcelona star Samuel Umtiti due to knee problem

first_img Metro Sport ReporterFriday 29 Mar 2019 2:00 amShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link397Shares Advertisement Umtiti chose not to have surgery and has instead undergone conservative treatment (Getty)He opted to avoid surgery and worked on strengthening his quads and surrounding muscles around the knee.However, if the pain and problems persist, surgery will be the only option, and Arsenal and Emery are reluctant, therefore, to spend such a large chuck of their budget on a high-risk player – and he might not even pass a medical anyway.More: Arsenal FCArsenal flop Denis Suarez delivers verdict on Thomas Partey and Lucas Torreira movesThomas Partey debut? Ian Wright picks his Arsenal starting XI vs Manchester CityArsene Wenger explains why Mikel Arteta is ‘lucky’ to be managing Arsenal Advertisement Arsenal have reservations over signing Barcelona star Samuel Umtiti due to knee problemcenter_img Emery wants to strengthen his defence and Umtiti fits the bill (Picture: Getty)However, Football London report that there are serious reservations about potentially breaking the club’s transfer record to sign a player who has missed 27 matches this season with a knee injury.AdvertisementAdvertisementADVERTISEMENTSince lifting the World Cup in Russia, the Frenchman has made just nine appearances in La Liga and underwent conservative treatment on his left knee in Qatar in December.More: FootballRio Ferdinand urges Ole Gunnar Solskjaer to drop Manchester United starChelsea defender Fikayo Tomori reveals why he made U-turn over transfer deadline day moveMikel Arteta rates Thomas Partey’s chances of making his Arsenal debut vs Man CityHe made his return to training, and competitive action, several months later, but Barca remain concerned by the state of his knee – which is why they would be prepared to let him leave.Umtiti has complained about issues with his left knee since last season and examinations revealed he has loose cartilage, an issue that usually affects older players and which forced Carles Puyol to retire. The Frenchman underwent surgery at the backend of last year (Picture: Getty)Arsenal’s pursuit of Barcelona defender Samuel Umtiti could be over before it began, with the club concerned about spending so much money on a player with serious knee problems.The Gunners have been linked with a £60m move for the World Cup winner, with Barca reportedly prepared to let Umtiti leave so they can bring in Ajax sensation Matthijs de Ligt instead.Emery has made signing a new centre-back his top priority in the summer as he eyes a title challenge next season, and Umtiti’s pedigree ticks a lot of boxes. Commentlast_img read more

Jadon Sancho singles out Arsenal’s Bukayo Saka and Manchester United’s Mason Greenwood for ‘doing a madness’

first_imgGreenwood has had an outstanding season (Picture: Getty Images)Meanwhile, Greenwood has enjoyed a breakthrough season for United, scoring an impressive 17 goals in all competitions.ADVERTISEMENTThe 18-year-old has earned praise for his natural goalscoring ability and the ease at which he can switch between using both feet.AdvertisementAdvertisementEngland’s national team will prosper from the development of two of their brightest future stars, but they will have to wait for their chance with the Euros being delayed until next year due to the Covid-19 crisis.Sancho – who has been strongly linked with a switch from Borussia Dortmund to Manchester United this summer – admitted the form of the likes of Saka and Greenwood will have given Gareth Southgate a selection headache ahead of next week’s announcement of the England squad for their upcoming Nations League campaign.More: Manchester United FCRio Ferdinand urges Ole Gunnar Solskjaer to drop Manchester United starNew Manchester United signing Facundo Pellistri responds to Edinson Cavani praiseEx-Man Utd coach blasts Ed Woodward for two key transfer errors‘I feel like the England squad has a lot of players who are interesting at the moment,’ Sancho told SoccerBible. ‘It’s going to be interesting to see who makes the squad.‘The players we have now are great and the young players that are coming up now like Bukayo Saka, Mason Greenwood – these guys are talented.‘It’s interesting to see what they’re doing week in, week out. They’re doing a madness so it’s going to be a very tough decision for Gareth Southgate to make.‘Again it’s healthy competition and you’ve just got to do your thing and everyone is going to be doing their best. It’s exciting to see.’MORE: ‘Really tough start’: Jurgen Klopp reacts to Liverpool’s opening games against Leeds, Chelsea & ArsenalMORE: Harry Maguire’s lawyer says Manchester United captain is ‘in great condition’ after arrest and should be released on SaturdayFollow Metro Sport across our social channels, on Facebook, Twitter and InstagramFor more stories like this, check our sport page Comment Sancho has been strongly linked with a move to United (Picture: Getty Images)Manchester United transfer target Jadon Sancho has highlighted the progress of wonderkids Bukayo Saka and Mason Greenwood, who are ‘doing a madness’ in the Premier League.Saka has been a vital player for the Gunners at the age of just 18, being deployed at left-back, central midfield and on the wing, and excelling in all those positions.The teenager’s excellent form last season – in which he registered 11 assists – earned him a new long-term contract at the Emirates. Advertisement Jadon Sancho singles out Arsenal’s Bukayo Saka and Manchester United’s Mason Greenwood for ‘doing a madness’ Metro Sport ReporterSaturday 22 Aug 2020 8:14 amShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link3.2kShares Advertisementlast_img read more

Room for the whole family and more in this well loved home

first_imgThis spacious home at 15 Dooley St, Taigum, is for sale for offers over $675,000.IF it wasn’t for Daniel Huskins’ career ambitions, he’d never let go of his beloved home in Taigum.But Mr Huskins is studying to become a commercial pilot and needs the money to fund his dream.He bought the spacious, split-level family home at 15 Dooley Close in 2008 and shared it with other tenants. The open plan living area inside the home at 15 Dooley St, Taigum.Over the years, it’s been home to a number of people, but he assures buyers it has always been well looked after.“It’s had a lot of different stages but it’s always been well loved,” Mr Huskins said.“It’s a great home and I didn’t really want to sell it, but I’m being forced to.” The downstairs living area at 15 Dooley St, Taigum.“You’re a five-minute drive from Chermside and Toombul shopping centres.“You’re not too far away from the city, but far enough.”Mr Huskins said he would also miss sitting by the pool on a summer’s day.Taigum is 15km north of Brisbane’s CBD and has a median house price of $530,000. More from newsFor under $10m you can buy a luxurious home with a two-lane bowling alley5 Apr 2017Military and railway history come together on bush block24 Apr 2019One of the five bedrooms in the home at 15 Dooley St, Taigum.The versatile house has five bedrooms and three bathrooms and is suitable for a dual living arrangement.The master bedroom has ‘his’ and ‘her’ robes and an ensuite.The living, dining and kitchen areas are part of a large, open plan design, which includes plenty of storage space. The kitchen in the home at 15 Dooley St, Taigum.There’s also a huge separate rumpus room and two timber decks.The house is on a north facing, elevated 645 sqm block, which includes an inground saltwater pool.Mr Huskins said one of the best things about the home was it’s proximity to public transport and shopping centres. “I think it’s the best location in Brisbane,” he said.last_img read more

Polish second-pillar funds net average 12-month gain of 17.6%

first_imgThe recent dramatic improvement was almost entirely due to the performance of the Warsaw Stock Exchange (WSE). Its benchmark WIG index grew by 18.1% over the 12 months to the end of March.Since Poland’s 2014 pension reforms, the OFEs have been banned from investing in sovereign bonds of any origin, turning them into de facto equity funds.The Polish brokerage house Trigon estimated that 85.2% of net OFE assets were invested in equities as of March, including 6.7% in foreign shares.Under the KNF’s methodology of counting the WSE’s dual-listed companies as non-Polish stocks, the foreign allocation was around 11%.As a result of the recent growth in investment returns, the OFEs total net asset portfolio grew by 16.8% year-on-year in local currency terms, to PLN167.6bn (€39.1bn).The growth compensated for net outflows from the funds generated by the “slider”, a mechanism that incrementally removes the assets of those with 10 years or fewer left to retirement to sub-accounts at the first-pillar Polish Social Insurance Institution (ZUS).In the first three months of 2017, according to Trigon, inflows from those members who chose to continue contributing to the second pillar totalled PLN786m against PLN1.0bn leaving under the slider.Meanwhile, the current high equity allocation has raised a dilemma for the planned dismantling of the second pillar scheduled for the start of 2018.Under the Capital Accumulation Programme, announced in July 2016 by finance and economic development minister Mateusz Morawiecki, 25% of all OFE assets would be transferred to the state-run Demographic Reserve Fund, which serves as a buffer for state pension shortfalls. The remainder would go to newly created and privately managed third-pillar accounts.Morawiecki has continually stressed that the programme did not constitute nationalisation of companies, as the 25% of liquidated OFE portfolios would come from other liquid assets such as deposits and bonds.Under the current investment structure, the OFEs would either be forced to sell off some of their shares, or the government would indeed end up being a significant investor in – and in some cases majority owner of – some of Poland’s leading listed companies.The publication of the legislation for the OFEs’ liquidation, initially set for the first quarter of 2017, is now expected by the end of June.One significant change announced since the programme was originally published is that the new third-pillar vehicles would be a variant of the individual pension insurance account (IKZE), not the individual retirement account (IKE), because both IKZE and OFE contributions are tax-deductible, whereas IKE contributions are not.The coming legal overhaul would have to include an amendment to allow savers to have more than one IKZE.According to the KNF, as of the end of 2016 some 643,100 individuals held IKZE accounts, with a total asset value of PLN1.1bn.The overhaul, with its emphasis on privately owned third-pillar accounts, would also require overturning an earlier Constitutional Tribunal ruling that the OFE assets, funded from a portion of social security contributions, were public monies. Poland’s weighted average 12-month second-pillar fund (OFE) returns soared to 17.6% as of the end of March, according to the Polish Financial Supervision Authority (KNF).The figure compares to an average 6.6% loss recorded a year ago.Of the 12 OFEs, MetLife generated the highest return – 19.5% – and Aegon the lowest, at 14.2%.Three-year average returns rose from 6.3% to 12.9%, while 10-year results edged up from 48.8% to 49.7%.last_img read more