Connect with us

West Virginia

Intel slashes 18,000 jobs and suspends dividend to better compete with chip rivals Nvidia and AMD

Published

on

Intel slashes 18,000 jobs and suspends dividend to better compete with chip rivals Nvidia and AMD


West Virginia Gov. Jim Justice, a Republican candidate for U.S. Senate, is in a fight to keep his iconic Greenbrier hotel.

A legal notice announcing a public auction for the luxury resort near White Sulphur Springs due to unpaid debts was publicized in the West Virginia Daily News Wednesday — only the latest development in the Justice family’s financial woes.

Justice, who owns dozens of companies and whose net worth was estimated by Forbes Magazine to be $513 million in 2021, has been accused in numerous court claims of being late in paying millions of dollars he owes in debts for family businesses and fines for unsafe working conditions at his coal mines.

He began serving the first of his two terms as governor in 2017, after buying The Greenbrier, which has hosted U.S. presidents and royalty, out of bankruptcy in 2009. The PGA Tour held a tournament at the resort from 2010 until 2019.

Advertisement

His family also owns The Greenbrier Sporting Club, a private luxury community with a members-only “resort within a resort.” That property was scheduled to be auctioned off this year in an attempt by Carter Bank & Trust of Martinsville, Virginia, to recover more than $300 million in business loans defaulted by the governor’s family, but a court battle between the Justice family and the bank delayed that process.

Wednesday’s notice said the auction involves 60.5 acres — including the hotel itself and the adjacent parking lot — and is scheduled for August 27 at 2 p.m. at the Greenbrier County Courthouse in Lewisburg.

A spokesperson for Justice said the impending auction is not a state government matter and the governor’s office wouldn’t comment. Campaign staff did not return an email from The Associated Press Thursday.

In a statement to West Virginia MetroNews, Justice attorney Bob Wolford accused lender JPMorgan Chase Bank of aligning with the Democrats “to undermine the next Republican Senator from West Virginia.”

The statement said that the Justice family originally secured a $142 million loan in 2014 from JPMorgan Chase and that only $9.4 million in debt remains after payments made as recently as June of this year. On July 1, the governor was notified by JPMorgan Chase that it had sold Justice’s loan to Beltway Capital Management, which declared it to be in default.

Advertisement

A U.S. Senate financial disclosure report filed by Justice on July 13 — after the loan was sold to Beltway — identified The Greenbrier debt to be between $25 million and $50 million.

“Let me be clear that the Greenbrier will not be sold, and the Justice family will take all necessary action to ensure that there will not be any adverse impact on their ownership of the Greenbrier or the Greenbrier’s operations and the ability of the Greenbrier to continue to provide world class service for its guests will be uninterrupted,” Wolford told MetroNews.

West Virginia Democratic Party officials said in a statement that the resort’s foreclosure is not the result of a political stunt, as the Justice family’s attorney contends. A

“It is a direct consequence of his own financial incompetence,” they said.

JP Morgan Chase declined to comment.

Advertisement



Source link

West Virginia

West Virginia falls flat in 65-63 loss to Kansas State – WV MetroNews

Published

on

West Virginia falls flat in 65-63 loss to Kansas State – WV MetroNews


West Virginia has said the right things about the need to capitalize on opportunities.

The Mountaineers aren’t following through when they come about.

The latest example came Tuesday night at Kansas State, which scored 21 unanswered points in the second half before holding off a furious West Virginia charge for a 65-53 victory at Bramlage Coliseum.

“The level of urgency and desire to win a game with so much on it wasn’t where it needed to be,” West Virginia head coach Ross Hodge said on postgame radio.

Advertisement

The Wildcats (12-18, 3-14) played without leading scorer PJ Haggerty, a surprise scratch with an undisclosed injury.

Although WVU (17-13, 8-9) defeated Kansas State 59-54 with Haggerty in the lineup during a January matchup in Morgantown, the Mountaineers were unable to capitalize on his absence in the rematch and fell to 1-4 in their last five games.

Both teams were dismal offensively in the opening half, which ended with West Virginia leading, 26-23.

The Mountaineers got 10 points apiece from reserve forwards Chance Moore and DJ Thomas, helping the visitors to at least somewhat overcome a starting lineup that scored six points on 3-for-15 shooting over the first 20 minutes.

“When you’re playing a team that is a little down and out, you can’t give them life and can’t give them hope,” Hodge said. “We had so many opportunities in the first half and at the beginning of the game to make some plays and entice a team that’s been struggling to maybe keep struggling.”

Advertisement

After a scoreless first half, WVU guard Honor Huff made his 100th three-pointer this season with 18:33 to play, allowing the Mountaineers to lead 31-27.

West Virginia went the next 8-plus minutes without a point, and Wildcats took control during that stretch.

Khamari McGriff scored the Wildcats’ first four points of the extended 21-0 spurt and accounted for four buckets and eight of the first 15 points during that time.

A jumper from CJ Jones with 10:53 remaining left the home team with a 48-31 advantage, before Thomas scored from close range to end his team’s extended drought at the 10:27 mark.

“I’m aware of our shortcomings and I understand when you’re deficient in some areas, your margin for error to win is razor thin,” Hodge said. “I’m disappointed with what was at stake, we got beat to loose balls. Would it have been nice to make more layups and threes? Of course. But when those things aren’t happening, you better do those other things.”

Advertisement

KSU had separate 19-point leads, the latter of which came at 57-38 when McGriff made two free throws with 7:29 to play.

WVU then increased its aggressiveness offensively and reeled off the next 11 points, while the Wildcats began to play tentative while in possession.

A three-pointer from K-State’s Nate Johnson left the Wildcats with a 60-49 lead with 3:48 left, but the Mountaineers continued to battle and trailed by six when Chance Moore scored in the paint at the 1:24 mark.

Moore’s next basket made it a five-point game, and after a Johnson turnover, Huff made two free throws to bring WVU to within 61-58 with 48 seconds left.

Another KSU turnover gave the visitors the ball back, but after Moore missed a shot that the Mountaineers rebounded, Huff committed a costly turnover. 

Advertisement

Johnson made two free throws with 17 seconds left, and McGriff added two more with 7 seconds remaining before Huff made a trey at the buzzer.

Moore led WVU with 18 points and made 6-of-7 shots, but again struggled on free throws, finishing 5 for 9. WVU hurts its cause at the charity stripe and made only 9-of-16 attempts.

Brenen Lorient was the Mountaineers’ second-leading scorer with 14 second-half points, while Thomas followed with 12 and Huff added 11 on 3-for-11 shooting.

Treysen Eaglestaff led all players with 11 rebounds in defeat, but made only 3-of-12 shots in a six-point showing.

McGriff led KSU with 18 points and added seven rebounds.

Advertisement

Johnson finished with 16 points and nine boards.

WVU had nine of its 13 turnovers in the second half. 

“Nine turnovers in the second half creates more busted floors, more cross match opportunities and through that, it makes you vulnerable for paint touch opportunities,” Hodge said. 

K-State played under the guidance of interim head coach Matthew Driscoll. Driscoll replaced Jerome Tang, who was fired in between the team’s first and second matchups with West Virginia this season.

“Sometimes in life you get what you deserve,” Hodge said, “and we deserved to lose tonight.”

Advertisement



Source link

Continue Reading

West Virginia

Nitro completes utility deal with West Virginia American Water – WV MetroNews

Published

on

Nitro completes utility deal with West Virginia American Water – WV MetroNews


NITRO, W.Va. — It’s a done deal.

Nitro Mayor Dave Casebolt signed an agreement Tuesday with West Virginia American Water Company President Scott Wyman completing the sale of the Nitro Regional Wastewater Utility including the sewer plant for $20 million.

Advertisement

The water utility will now own and operate the city’s water and wastewater systems. The state Public Service Commission recently approved the deal.

Casebolt said it’s good to get the long-talked-about agreement signed. He said the city can’t afford to make the improvements required at the sewer plant.

“We’re looking at needing between 40 and 50 million dollars of upgrades to our system and expecting our four-thousand customer base to try to offset those costs is not even practical,” Casebolt said.

Casebolt said sewer bills are going to go up but he said they were going to go up regardless. He said the city was facing increasing rates by as much as 50 percent.

West Virgina American is planning $42 million in upgrades to the sewer system over the next five years, Casebolt said.

Advertisement

“It’s a much-need investment and actually allow the system to handle rainwater much better where it’s not backing up into people’s homes,” Casebolt said.



Source link

Advertisement
Continue Reading

West Virginia

West Virginia Lottery results: See winning numbers for Powerball, Lotto America on March 2, 2026

Published

on


The results are in for the West Virginia Lottery’s draw games on Monday, March 2, 2026.

Here’s a look at winning numbers for each game on March 2.

Winning Powerball numbers from March 2 drawing

02-17-18-38-62, Powerball: 20, Power Play: 2

Check Powerball payouts and previous drawings here.

Advertisement

Winning Lotto America numbers from March 2 drawing

03-08-17-24-34, Star Ball: 06, ASB: 02

Check Lotto America payouts and previous drawings here.

Winning Daily 3 numbers from March 2 drawing

7-4-8

Check Daily 3 payouts and previous drawings here.

Winning Daily 4 numbers from March 2 drawing

1-1-9-6

Advertisement

Check Daily 4 payouts and previous drawings here.

Winning Cash 25 numbers from March 2 drawing

02-03-05-07-19-22

Check Cash 25 payouts and previous drawings here.

Feeling lucky? Explore the latest lottery news & results

When are the West Virginia Lottery drawings held?

  • Powerball: 11 p.m. ET on Monday, Wednesday and Saturday.
  • Mega Millions: 10:59 p.m. ET Tuesday and Friday.
  • Lotto America: 10:15 p.m. ET on Monday, Wednesday and Saturday.
  • Daily 3, 4: 6:59 p.m. ET Monday through Saturday.
  • Cash 25: 6:59 p.m. ET Monday, Tuesday, Thursday, and Friday.

This results page was generated automatically using information from TinBu and a template written and reviewed by a USA Today editor. You can send feedback using this form.



Source link

Advertisement
Continue Reading

Trending