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Colin Jeffery

Colin Jeffery

Arch Coal to scale back operations at two mines

Saturday, 08 June 2013 08:28 Published in Local News

LOUISVILLE, Ky. (AP) — Arch Coal Incorporated says it will scale back operations at two coal mining complexes in Kentucky and Virginia, trimming the work force by more than 100.

The St. Louis-based company said Friday the cutbacks will affect the Cumberland River and Hazard mining complexes.

Company spokeswoman Kim Link says the decision was due on "ongoing coal market challenges."

She says the curtailed operations will cost about 110 jobs — about 65 of them company positions and the rest contractor jobs not controlled by Arch.

The Cumberland River mining complex is in Letcher County in Kentucky and Wise County in Virginia. The Hazard Mining complex is in Perry County, Kentucky.

Link says those eligible workers who are laid off will be offered severance packages.

She says the two complexes still employ nearly 500 workers.

Investment adviser admits to steal from clients

Saturday, 08 June 2013 08:25 Published in Local News

ST. LOUIS (AP) — A St. Louis-area investment adviser faces up to 40 years in federal prison now that he's admitted pilfering more than $1.8 million from client accounts.

Thirty-four-year-old Greg John Campbell of Ladue pleaded guilty Friday in federal court in St. Louis to two counts of wire fraud.

Authorities say Campbell was working as a Merrill Lynch financial adviser from mid-2006 through October 2011 when he diverted more than $1.4 million from client accounts to his own. One client was 86 years old with dementia.

After going to work for another wealth-management business, authorities say, Campbell stole an additional $360,000 from clients.

Prosecutors say he used the money for a down payment on a home, mortgage payments, lease payments on luxury vehicles, and living expenses.

Sentencing is set for September 10th.

Missouri cities urge veto of cellphone tower bill

Saturday, 08 June 2013 08:23 Published in Local News

JEFFERSON CITY, Mo. (AP) — An organization representing city officials from across Missouri is urging Governor Jay Nixon to veto legislation limiting their ability to regulate cellphone towers.

The Missouri Municipal League said Friday the bill could allow placement of large cellphone towers in town squares or residential neighborhoods, which could hurt property values.

But bill supporters say their intent is to encourage the expansion of wireless Internet service across the state. They say the expansion can be hampered when companies have to comply with a hodgepodge of different local regulations that sometimes can be costly.

A Nixon spokesman declined to say whether the governor has any concerns about the bill, noting only that it will receive a thorough review.

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