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BUSINESS
Business Tri-State: Huntington Mall switches from gift certificates to cards
BARBOURSVILLE -- The Huntington Mall has switched from Mall gift certificates to Mall gift cards. The cards are powered by Discover and can be used at any store in the mall that accepts Discover. The gift cards will also be accepted at participating locations surrounding the mall and can only be used at the Huntington Mall complex.
"This is very exciting for us here at the mall. The launching of actual plastic cards has been much anticipated by not only the mall, but also the Huntington Mall customers," stated Heather Estep, assistant marketing director, in a press release.
Gift cards can be purchased at the Huntington Mall's customer service center. In an effort to decrease lines, a second gift card booth is available from Dec. 8 to Dec. 24 at the Macy's Dome.
United Bankshares declares dividend
CHARLESTON -- United Bankshares Inc. announced that its Board of Directors declared a fourth quarter dividend of 29 cents per share for shareholders of record as of Dec. 12. Dividends per share of $1.16 for the year 2008 represents an increase of approximately 3 percent over the $1.13 per share paid for 2007.
The dividend payout of approximately $12.6 million on 43.3 million shares is payable Jan. 2. This marks the 35th consecutive year of dividend increases to United shareholders. During this time period, the dividend has increased from 6 cents to $1.16, which represents an annual compound growth rate over 9 percent.
United Bankshares, with $8.1 billion in assets, has 114 full-service offices in West Virginia, Virginia, Maryland, Ohio, and Washington, D.C. United Bankshares stock is traded on the NASDAQ Global Select Market under the quotation symbol "UBSI."
Natural Resource Partners to present at conference
HOUSTON -- Natural Resource Partners' President and Chief Operating Officer Nick Carter will present at the FBR 2008 Fall Investor Conference in New York on Tuesday, Dec. 2.
Carter will discuss the current coal markets and Natural Resource Partners in presentation, which begins at 11:30 a.m. and will be webcast live and archived for 90 days on the partnership's Web site in the Investors section at www.nrplp.com.
Ashland Inc. sets shareholder meeting
NEW YORK -- Ashland Inc., which makes the Valvoline line of lubricants, said Wednesday its shareholders will hold their annual meeting early next year to elect a new slate directors and conduct other business.
The chemicals maker plans to meet Thursday, Jan. 29, in Covington, Ky., it said in a filing with the Securities and Exchange Commission.
At the gathering, shareholders will elect five directors and ratify PricewaterhouseCoopers LLP as its public accountant for the 2009 fiscal year.
