OSU plans business boot camp
STILLWATER — Oklahoma State University will host an eight-day entrepreneurial boot camp for more than 40 disabled veterans. The Veterans Entrepreneurship Program, which begins Saturday, was designed to help veterans turn business ideas into workable business models. The program includes an online self-study session and 10 months of mentoring and support from faculty and volunteer entrepreneurs. Former U.S. Rep. J.C. Watts will speak Feb. 9 at the gala that ends the program. The program is free for veterans chosen to participate.
Dell official joins Urban League
The general manager of Dell Inc.'s Oklahoma City Business Center has joined the board of the Urban League of Oklahoma City. Rohit Keshava is a native of Mysore in southern India. He has a bachelor's from Mysore University and a master's degree from Texas A&M University. He has worked at Dell since 2002.
Cargo sets record at port
TULSA — Despite problems related to drought and low water conditions, the Tulsa Port of Catoosa handled 2.7 million tons of cargo in 2012, surpassing the previous record of 2.4 million tons set in 1998. Barge traffic was slowed considerably in November and December because of issues related to dry weather conditions. Total shipping for December was 147,536 tons.
ALLIANCE RESOURCE PARTNERS LP
TULSA — Alliance Resource Partners LP on Tuesday reported its net income rose more than 5 percent in the fourth quarter to $96.6 million, or $1.87 a unit. Net income per unit was down from $1.93 a unit in the same period of last year, when Alliance earned $91.7 million, because of increased incentive distributions. Alliance's revenues hit a record $2 billion in 2002 — the 12th straight year it achieved a benchmark. “ARLP enters 2013 poised to post our 13th consecutive year of record results,” CEO Joseph W. Craft III said. “Coal sales and production volumes are expected to increase year-over-year as we benefit from a full year of production from the Onton mine and the continued ramp-up of longwall production at Tunnel Ridge.”
ALLIANCE HOLDINGS GP LP
TULSA — Alliance Holdings GP LP will pay a quarterly cash distribution of 74 cents a unit for the fourth quarter. The distribution is based on proceeds from the partnership's ownership interests in Alliance Resource Partners LP. The partnership reported net income of $52.9 million, or 88 cents a unit, for the quarter, up from $52.1 million, or 87 cents a share.
From Staff Reports