Alpha Natural to buy Foundation for about $1.4B creating one of biggest US coal producers

CHARLESTON, W.Va. — Alpha Natural Resources said Tuesday it plans to buy rival Foundation Coal Holdings for about $1.4 billion in stock in a deal that would transform two regional companies into one of the nation’s largest coal producers.

Alpha Natural to buy Foundation Coal for about $1.4B, create one of biggest US coal producers

ABINGDON, Va. — Alpha Natural Resources says it will buy Foundation Coal Holdings for approximately $1.4 billion, creating one of the nation’s largest coal producers.

Co-founder of Morgan-McClure Motorsports gets prison term for tax fraud, obstruction

ABINGDON, Va. — A federal judge in Virginia has handed an 18-month prison sentence to a co-founder of Morgan-McClure Motorsports who the government said accepted bags of cash to avoid taxes.

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