Tag Archives: Patriot coal

Arch Coal (NYSE:ACI) Second Quarter Results Beat Forecasts; Lifts Guidance – ACI, BTU, PCXCQ, ANR

Arch Coal Inc (NYSE:ACI) announced a loss in the second-quarter, damaged by charges to close mines in the face of dropping prices, but it still surpass Wall Street forecasts. Shares of the company surged 12%.

Arch Coal, which has idled …

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Patriot Coal (NYSE:PCX) Looks for Bankruptcy Protection – PCX, ACI, BTU, ANR

Patriot Coal Corporation (NYSE:PCX) on Monday filed for bankruptcy filing in United States Bankruptcy Court in Manhattan after milder winters and a shift to natural gas sent coal demand to a twenty four year low.

The corporation’s Chapter 11 appeal …

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BP (BP) Plans to Export LNG to Indonesian Plant

BP Plc (NYSE:BP) is seeming to export supplies of liquefied natural gas from an Indonesian factory to purchasers in Japan and South Korea, according to Bloomberg reports.

Asia is predicted to stay short of LNG from 2018, and the International …

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Schnitzer Steel 3Q Profit Slides Below Experts Prediction

Schnitzer Steel Industries Inc. (NASDAQ:SCHN) reported on Thursday that its third-quarter profit declined to $11.2 milion, or 40 cents per share, as compared to last year’s figure of $33 million, or $1.18 per share.

Sales declined to $888 million from …

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Arch Coal (NYSE:ACI) to Cut Workforce and Production as Demands Falls – ACI, BTU, PCX, ANR

Arch Coal Inc (NYSE:ACI) reported that it aims to lower production, idle several operations and cut its employees by almost 750 full-time positions, mentioning the record downturn in demand for coal-based electricity.

The output lowers and labor force decreases keep …

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Alexander & Baldwin (ALEX) To Replace Patriot Coal (NYSE:PCX) in S&P MidCap 400 – PCX, ACI, BTU, ANR

Standard & Poor’s recently reported that Honolulu-based Alexander & Baldwin, Inc (NYSE:ALEX) would change Patriot Coal Corporation (NYSE:PCX) on the Standard & Poor MidCap 400 index after the finish of trading on June 29.

S&P reported in a statement that …

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