Coal producer trims outlookTULSA — Crediting rising coal prices, coal producer Alliance Resource Partners LP reported a 68 percent increase in first-quarter profits Monday. However, the company trimmed its 2009 revenue outlook, citing reduced demand for coal on the spot market because of the economic slowdown. Alliance reported earning net income of $72.5 million, or $1.56 a share, for the first quarter of 2009. That compares to $43.2 million, or 92 cents a share, for the same quarter a year earlier. The company announced it was increasing its quarterly distribution to shareholders to 73 cents per share, compared with 58.5 cents per share for the same quarter a year earlier and 71.5 cents a share for the fourth quarter of 2008. In a related announcement, Alliance Holdings GP reported it is increasing its quarterly distribution to 41.5 cents a share. The company distributed 28.75 cents a share for the same quarter a year earlier and 40.25 cents a share for the fourth quarter of 2008.
Chamber offers internshipA summer internship program offered by the Greater Oklahoma City Chamber kicks off June 6 at several Oklahoma City landmarks. The program includes four weekly luncheons, networking with peers and presentations from city leaders. Interested employers may enroll interns at greatergrads.com; the cost is $75 per intern. For more information, contact Joyce Burch at 297-8951 or jburch@okc chamber.com.
City lawyer named counselOklahoma City lawyer Gina L. Hendryx has been named Oklahoma Bar Association general counsel. Hendryx will act as the chief disciplinary counsel, supervising a staff of 12, and will serve as the association’s counsel on other legal matters. She will be responsible for supervising the attorney diversion program and making presentations on lawyer ethics and disciplinary issues.
Chesapeake tops job listChesapeake Energy Corp. has been named to Outside magazine’s second annual "Best Places to Work” list, published in its May issue on newsstands today. Of the 30 companies selected — and only Oklahoma company listed — Chesapeake ranked No. 12 for its onsite fitness center, drive-in movie night and Living Well program that pays employees up to $1,000 for participating in volunteer activities and exercise programs. From Staff Reports