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Hiland shares dip on 2009 guidance numbers |
Hiland Partners LP's common stock dropped 15.1 percent to a 52-week low on Wednesday after the Enid-based midstream energy partnership issued 2009 guidance estimates. In Nasdaq trading Wednesday, Hiland Partners closed down $1.80 at
$10.10. The previous 52-week low was $11.46. The 52-week high is $52. Hiland estimated 2009 earnings before interest, taxes, depreciation and amortization in a range of $68 million to $80 million. Estimates were based on oil prices of $70
to $80 per barrel on the New York Mercantile Exchange and included planned expansion projects.
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Court rules in favor of tribal tobacco company |
A tobacco company formed as an enterprise of the Seneca-Cayuga Tribe is shielded from civil liability under the doctrine of tribal sovereign immunity, a federal appeals court ruled this week. The tribal tobacco company was sued by Native
American Distributing, a Missouri corporation, which claimed that the Seneca-Cayuga Tobacco Co. had breached agreements between it and Native American and had engaged in illegal competitive practices.
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Oklahoma Methodist Manor plots expansion |
Oklahoma Methodist Manor intends to tear down its two oldest buildings to make way for three new ones. With it will come the Spann Wellness Center and a memory support center, all connected by a new boulevard and campus landscaping.
Oklahoma Methodist Manor intends to renovate several other structures on the 40-acre campus to match the proposed look and design of Crestwood, as crafted by the Tulsa architectural firm PSA Dewberry.
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Lawmaker wants to model Okla. workers' comp after Ark. system |
State Rep. Mark McCullough, R-Sapulpa, is going to try again. For the 2009 legislative session, he plans to file a bill to replace the Oklahoma Workers' Compensation Court with an administrative system.
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Altus man sentenced for fake bond scam |
An Altus man must serve three years and five months in federal prison and pay restitution of $4 million for using a fake church "bond" to defraud several western Oklahoma banks. Ronald James Ladd, 46, pleaded guilty to one count of bank
fraud in July.
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