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Tulsa equity capital firm Pennington Allen buys rest of Bliss Industries |
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Anticipating new and growing markets for hammermills and pelletmills, the Tulsa investment firm Pennington Allen Capital Partners bought the remaining 25 percent of Ponca City manufacturer Bliss Industries Inc. for an undisclosed price.
The equity capital firm made that move despite the national slowdown in the corn ethanol industry, a primary driver of Bliss sales this decade. |
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Dallas firm pays $4.4M for Tulsa parking garage, lots |
TTOW Properties of Dallas paid more than $4 million for a downtown Tulsa parking garage and set of parking lots. This parallels a $1.5 million parking lot portfolio acquisition TTOW closed earlier this month in Memphis. CPC Realty LLC, an
affiliate of Nashville-based industry giant Central Parking Corp., was the seller in both instances.
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Xeta promises double-digit revenue hikes |
Xeta Technologies shares jumped 32.7 percent Thursday after the Broken Arrow-based communications systems provider forecast double-digit increases in both fourth-quarter and fiscal year results. Earnings will mirror previous guidance, said
Chief Executive Greg Forrest.
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Okla. group promoting business with India |
Kamlesh Aggarwal said a key way to grow Oklahoma business would be to build an economic bridge to India. "There's tremendous opportunity in India right now," said Aggarwal, president of the Indo-American Chamber of Commerce of Oklahoma.
"The India economy is growing and there is a large consumer base there."
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Officials plot strategy for holiday traffic |
City engineers have had holiday shopping on their minds for many months, officials in Tulsa and Oklahoma City said Thursday. In Oklahoma City, for example, the question is how to deal with traffic snarls and avoid accidents at Penn Square
Mall near the core of the city and Quail Springs Mall near Edmond, City Engineer Dennis Clowers said. In south Tulsa, the 71st Street retail corridor is the hot spot requiring attention, City Hall spokeswoman Kim McLeod said.
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Funding secured to study climate change, state water supplies |
Funding has been secured for a study to determine the potential impact of local climate change on Oklahoma water supplies, officials have announced. The Oklahoma Water Resources Board and the federal Bureau of Reclamation, part of the U.S.
Department of Interior, will share the costs of the $100,000 investigation. Scheduled for completion in fall 2010, the study's results will be incorporated into an update of the Oklahoma Comprehensive Water Plan, due for finalization in
2011.
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