Markets opened about flat this morning but lost ground almost immediately as new home sales data came in weaker than expected. Then came a report that Iranian crude shipments were falling as…
Peabody Energy Corporation (NYSE: BTU) is issuing an earnings warning, but not from the normal logic behind most warnings. The warning is said to be due to Australia weather-related events. The first…
Jon C. Ogg British newspaper The Guardian has a blog post saying there is speculation that US coal miner Walter Energy Inc. (NYSE: WLT) could be a ripe for a takeover fight among three potential…
Coal miner Consol Energy Inc. (NYSE: CNX) announced this morning that it would close its Virginia Buchanan longwall coal-mining operation and reduce its operations to five days a week. The company expects…
Warm winter weather and low prices for natural gas have combined to weaken demand for coal, and as a result of that decline, underground mining machinery maker Joy Global Inc. (NYSE: JOY)…
Paul Ausick Arch Coal Inc. (NYSE: ACI) reported fourth quarter and full year earnings this morning, and, like most other coal miners, the fourth quarter was just okay, while the outlook for the year…
US coal miners had a tough fourth quarter and most are expecting the same conditions for at least the first half of 2012. Alpha Natural Resources Inc. (NYSE: ANR), Patriot Coal Co.…
Coal miner Peabody Energy Corp. (NYSE: BTU) missed earnings and revenue estimates this morning and the shares are trading down more than -5%. Second fiscal quarter adjusted EPS came in at $0.98…
Paul Ausick The US EPA first issued its Cross-State Air Pollution Rule in July and electricity generation companies that use coal to fuel their plants have been fighting it ever since. Known as the…
Jon OggThese are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street research calls this Wednesday morning. Allstate Corporation (NYSE: ALL) Started as Outperform at Credit Suisse. Amazon.com…
While Peabody Energy Corp. (NYSE: BTU) and ArcelorMittal (NYSE: MT) haven’t been pursuing Australia’s Macarthur Coal Ltd. (OTC: MACDF) for more than a few months, the deal never really looked like it would…
While the debate rages over whether or not the U.S. should enact legislation aimed to curb currency manipulation — and specifically the Chinese peg to the U.S. dollar — the impact of…
Coal company stock prices hit a five-year high in the summer of 2008, just before the Lehman Brothers bankruptcy sent the entire global economy into a tailspin. Five-year lows hit most companies…
Walter Energy, Inc. (NYSE: WLT) is the next M&A target if the daily rumor mill has any truth to it. The rumor is that Anglo American is weighing on whether or not…
Foreign oil companies may have to give up natural gas rights in Iraq. (Reuters) Several large pharma firms are in the early stages of an attempt to find new and more effective…
