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Stock Market & Financial Investment News

News Breaks
February 4, 2014
10:44 EDTANR, BTU, ACI, CNX, WLT, ARLP, CLDArch Coal climbs after optimistic comments about 2014 outlook
Shares of Arch Coal (ACI) are climbing after the company reported weaker than expected fourth quarter results, but made positive comments about the thermal coal market. WHAT'S NEW: Arch Coal reported a larger than expected fourth quarter loss, and its fourth quarter revenue came in below expectations. However, the company stated that it expects U.S. thermal coal markets to tighten further this year. A number of factors - including favorable weather trends, healthier economic activity and elevated natural gas prices - should ensure that the prices of most U.S. thermal coal is competitive, Arch stated. On the other hand, demand for metallurgical coal from overseas markets remains weak, Arch added. But the company indicated that production of higher cost metallurgical coal would ease, causing the metallurgical markets to tighten in the future. PRICE ACTION: In early trading, Arch Coal rose 5% to $4.21. Other coal miners also climbed, with Alpha Natural (ANR) advancing 3%, CONSOL Energy (CNX) gaining nearly 2%, Peabody Energy (BTU) rising 1.7%, Cloud Peak (CLD) up 2.4%, and Walter Energy (WLT) jumping almost 4%. Another publicly traded company in the space is Alliance Resource Partners (ARLP).
News For ACI;CLD;WLT;BTU;ARLP;CNX;ANR From The Last 14 Days
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May 22, 2015
18:39 EDTACIArch Coal hires advisers to help decrease debt load, WSJ reports
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13:01 EDTANRAlpha Natural affiliates to downsize central Appalachian mining operations
Operating affiliates of Alpha Natural have notified employees of the expected idling of the mining and processing operations where they work. In accordance with requirements of the Worker Adjustment and Retraining Notification Act, notices were given today to 439 employees at Rockspring Development's Camp Creek Underground Mine and Processing Plant in Wayne County, West Virginia, regarding the expected idling of those facilities based on the mine operator's current assessment of market conditions. Additionally, three other Alpha-affiliated mine operators announced last week that reductions in force were taking place at their locations due to sustained weak market conditions and government regulations that have challenged the entire Central Appalachian coal industry. A total of 71 employees were impacted. These actions are being triggered by persistent weakness in U.S. and overseas coal demand and depressed price levels, along with government regulations that are causing electric utilities to close existing coal-fired power plants and forego construction of new coal-fired capacity. Excess supply of coal worldwide also has contributed to sustained price weakness.
May 20, 2015
13:07 EDTANRAlpha Natural downgraded to Underperform from In-Line at Imperial Capital
Imperial Capital downgraded Alpha Natural to Underperform and reduced its price target to 40c from $1.50. The firm said Alpha can no longer access $750M in first lien basket now that the latest 12 month 1L secured leverage is greater than 2X and downgraded shares due to the significant deterioration in outlook.
May 18, 2015
09:36 EDTBTUActive equity options trading on open
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May 15, 2015
16:51 EDTCNXGreenlight Capital gives quarterly update on stakes
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May 11, 2015
08:14 EDTCNXMorgan Stanley to hold a conference
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