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W.Va. Coal Hall of Fame inducts three

May. 04, 2013 @ 12:00 AM

MORGANTOWN, -- The West Virginia Coal Hall of Fame has three new members.

Ben Statler, Gary White and the late Armistead Long are being inducted Friday.

Statler was a vice president for Pennsylvania-based CONSOL Energy and later founded PinnOak Resources. He's now chief executive officer of Gulf Coast Capital Partners.

White is president of James River Coal Co., a division of International Resource Partners. He's also former president of the West Virginia Coal Association.

Long, who died in 2005, was a Kentucky native known throughout the industry for inventions including a bridge conveyor and a patented belt sander.

He became president of Long-Airdox and Marmon Research, where he developed a line of roof bolters, rock dusters and other equipment.

The hall of fame is housed in West Virginia University's Mineral Resources Building.

US Airways sees April revenue down 4 percent

TEMPE, Ariz. -- US Airways saw a key measure of revenue fell 4 percent in April, a decline seen by other airlines as well.

US Airways didn't specify a reason for the drop in revenue from each seat flown one mile, although it said Friday that it had "unpredictable operational challenges that were created by the sequester-related furloughs of Federal Aviation Administration employees."

On Thursday, Delta Air Lines said the same revenue measure fell 2 percent.

US Airways traffic rose 4.4 percent for the month, boosted by a 6.6 percent gain in domestic traffic. Capacity for the month rose 3.1 percent.

Because US Airways traffic grew faster than it added seats, occupancy on its planes rose 1.1 percentage point to 83.6 percent.

Oil rises above $95 on United States jobs data

The price of oil climbed again Friday as a better-than-expected U.S. jobs report pointed to growth and a rising demand for energy this year.

Benchmark crude for June delivery rose $1.62 to finish at $95.61 a barrel on the New York Mercantile Exchange.

Oil jumped after the Labor Department said that employers added a solid 165,000 jobs in April.

-- and far more in February and March than first thought. Job growth in April drove down the unemployment rate to a four-year low of 7.5 percent and sent a reassuring sign that the U.S. jobs market is improving.

Oil started the week around $93 a barrel, and, after a brief retreat below $91 at midweek, kept pushing higher. Crude rose sharply Thursday after the European Central Bank cut its key interest rate to a new low and weekly U.S. unemployment benefit claims dropped. The Nymex contract rose 3.3 percent, its biggest one-day gain since November.

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