Craft beer tap room ready to open later this month at Heritage Station
HUNTINGTON -- The Tap House, a craft beer tap room, will open in mid-August at Heritage Station in downtown Huntington.
The bar will feature a Belgium-style tap house and outdoor beer garden with beers from Europe, craft beers from the United States and a variety of West Virginia beers, according to a prepared release. It will be owned by Jeff McKay, a sociology instructor at Marshall University and one of the organizers of the inaugural Rails and Ales Craft Beer Festival, set for Aug. 17 at Heritage Station.
McKay said he will carry American craft beers from breweries such as Great Lakes, Sierra Nevada, and Southern Tier. European beers will come from breweries such as Ayinger, Weihenstephaner, and Petrus, as well as a wide selection of Belgian Trappist beers.
Patrons also will be able to sample beers from across West Virginia. McKay plans to feature each West Virginia brewery on cask and to tap casks weekly.
For more information visit, www.facebook.com/thetaphousewv.
Alpha Natural Resources posts loss for 2nd quarter
BRISTOL, Va. -- Alpha Natural Resources Inc. posted a loss Friday as prices and profit margins collapsed on falling demand for coal.
A year ago, Alpha had a margin of $6.57 per ton of coal it sold. In the most recent quarter, that had shrunk to $2.72.
The amount of coal it sold fell, too, down 19 percent to 21.6 million tons.
Alpha shares slumped 8 percent and other coal miners tumbled as well.
Alpha's declining margins and volume drove revenue down almost 28 percent to $1.34 billion, from $1.85 billion a year earlier.
Alpha lost $185.7 million, or 84 cents per share, for the quarter that ended June 30. A year earlier, it lost $2.23 billion, or $10.14 per share, as it wrote down the value of assets and took restructuring charges, for a total charge of $2.5 billion.
If not for one-time items in both quarters, its most recent loss would have growth to $129 million, or 59 cents per share, from $72 million, or 33 cents per share, a year ago.
Analysts surveyed by FactSet had been expecting a loss of 34 cents per share on revenue of $1.85 billion.
Frontier, union agree to extend pact, negotiate
CHARLESTON -- Frontier Communications and the Communications Workers of America have agreed to extend the company's current labor contract, which were set to expire Friday, in order to continue labor negotiations.
The current contract, which covers Frontier's 1,600 West Virginia union workers, was set to expire Aug. 2 at midnight.
The CWA and company representatives have been negotiating a month on a new contract, but have yet to reach an agreement. Neither side believed they would be able to complete talks before the contract expires Friday night, according to a press release from the union.
On Thursday, the union agreed to a request from Frontier representatives to extend the current contract to Oct. 12.
This is the first contract Frontier has negotiated with its union workforce, which it inherited when it acquired Verizon's West Virginia landline operations in 2010.
Auto parts maker plans to locate plant in Fulton
FULTON, Ky. -- A new plant in Fulton in western Kentucky will bring 121 jobs on an investment of more than $17.5 million.
Gov. Steve Beshear was in Fulton on Friday to make the announcement with local officials and representatives from A. Kayser Automotive Systems USA, a subsidiary of Germany-based A Kayer Automotive Systems GmbH.
Beshear's office says the plant will be Kayser's first in the U.S. The company has nearly 1,800 employees and eight international production sites producing modules and ready-to-install systems for makers of original automobile equipment and suppliers in America, Asia and Europe.