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OSU develops cleaner coal process

Feb. 08, 2013 @ 12:40 AM

COLUMBUS, Ohio -- Researchers at Ohio State University say they have developed a way to create energy from coal while eliminating most of the harmful carbon dioxide that comes from burning it.

The scientists say that it's because they don't burn the fossil fuel -- they use a chemical reaction to draw its energy.

The Columbus Dispatch reports that the researchers are touting it as a huge step toward the promise of "clean coal."

Researchers at OSU say they have been able to chemically burn coal longer than in any other test worldwide.

The work is funded in part by the U.S. Department of Energy. The project is now moving to a larger-scale study at the agency's U.S. National Carbon Capture Center in Wilsonville, Ala.

Cincinnati casino inks agreements with downtown hotels

CINCINNATI -- High-rollers and VIPs at the new casino in downtown Cincinnati will get free rooms or discounts at seven local hotels.

Casino officials said Wednesday it's just the beginning of more expected promotions and ties with local businesses. The $400 million Horseshoe Casino Cincinnati opens March 4, the last of the four voter-approved gambling halls around Ohio to debut.

The Cincinnati Enquirer reports that casino is partnering with upscale hotels that include the 21c Museum Hotel Cincinnati, The Cincinnatian Hotel and The Westin Cincinnati.

Officials said the deals are critical for the casino, which doesn't have its own hotel like competing casinos in southeastern Indiana.

Charter to buy Optimum West in deal worth $1.63B

NEW YORK -- Charter Communications says it is buying cable company Optimum West from CableVision Systems Corp. for about $1.63 billion in cash.

Optimum West manages cable systems in Colorado, Montana, Wyoming, and Utah, with 304,000 video subscribers. Charter says the business is experiencing quick growth in video, Internet, and phone customers.

Charter, based in Stamford, Conn., says it has $1.5 billion in committed bank financing for the deal. The remaining costs will be paid with cash on hand and borrowing from its revolving credit facility. Charter expects the sale to close in the third quarter.

Cablevision corporate headquarters is in Bethpage. N.Y.

W.Va. shopping center acquired by Kroger

CHARLESTON -- Kroger Co. has acquired the Ashton Place Shopping Center in Charleston.

Media outlets report that Hanley Investment Group Real Estate Advisors announced the deal Thursday. The sale amount wasn't disclosed.

Hanley represented a Tennessee-based private investor who sold the property to Kroger Limited Partnership of Cincinnati. Hanley senior vice president Kevin Fryman says Kroger plans to renovate and expand its store.

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