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Steeks Shrugs Off Earnings, Apple News In Mixed Markets
Markets drifted as Steeks posted earnings miss and Apple headlines weighed. Dow limped higher about 2.7 percent and S&P 500 rose, while Citi and Bank of America declined on weak results. European markets gained after a Grasse auction but yields rose modestly with a holiday.
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Arch Coal options to cut Spruce mine damage revealed
A secret EPA commissioned report shows Arch Coal could have reduced environmental damage from Spruce No. 1 in Logan County by altering waste disposal. The plan proposed dumping rock into the Long Camp watershed, potentially cutting stream burial from 8.3 to 3.4 miles, with projected costs around 1.3 million dollars. The EPA called the plan destructive, while Arch said it was shocked by the agency action after permit issuance by the Army Corps of Engineers.
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Arch Coal
US Environmental Protection
Spruce No. 1
Logan County
EPA
Charleston Gazette
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Lexington
John Morgan
Morgan
US. Army Corps of Engineers
West Virginia
West Virginia unemployment edge rises in December
Charleston AP reports West Virginia’s unemployment rate edged up in December as seasonal losses in construction trimmed 4,200 jobs. The service producing sector added 300 jobs, while the seasonally adjusted jobless rate rose to 9.6 percent, with the national rate at 4 percent, down 0.4 point.
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West Virginia
Charleston
Workforce
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