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SemGroup Energy misses SEC deadline |
Publicly traded SemGroup Energy Partners LP (SGLP) told the Securities and Exchange Commission Friday that its parent company's bankruptcy, coupled with its own default under a credit agreement, "raise substantial doubts about the
partnership's ability to continue as a going concern." SGLP detailed its own financial woes in explaining why it missed an SEC quarterly filing deadline last week.
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Southwest Casino Corp. reports $3.1 million loss |
Southwest Casino Corp. reported Friday a net loss of $3.1 million for the quarter that ended June 30, compared with net earnings of $351,517 for the same period in 2007. Basic loss for the quarter was 11 cents per share, compared with
basic and diluted earnings of 1 cent per share for the second quarter of 2007. Revenue for the second quarter was $3.8 million, compared with $5.5 million for the same three months last year.
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OG&E looks to recover from failed Red Rock plant |
Oklahoma Gas & Electric Co. did not get to build the Red Rock coal-fired plant as planned. But the company did spend a considerable amount of money on the planning process for the facility. OG&E may be able to recover that money – more
than $7 million – from ratepayers. The Oklahoma Corporation Commission is scheduled to meet Tuesday to consider an order that would allow OG&E to recover its costs related to the cancellation of the proposed Red Rock facility. Oklahoma
City-based OG&E and Tulsa-based Public Service Company of Oklahoma were partners in a proposal to build the $1.8 billion, 950-megawatt, coal-fired power plant using new technology to reduce harmful emissions.
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OKC metro area home sales down from July 2007 |
Home sales for the Oklahoma City metro area in July were lower than the same month last year, and houses sat on the market an average of five days longer. For July 2008, there were 1,653 closings, down about 13 percent from 1,918 in July
2007.
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Midmarket business software consulting firms merge |
Two consulting firms whose executives met over software have merged. Tulsa-based Crouch, Slavin and Co. and i.c. bleu both offer business management software and services for midmarket businesses. The services are designed to increase
internal efficiencies through technology applications. The combined businesses will retain the Crouch, Slavin and Co. name.
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