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Stock Market & Financial Investment News

News Breaks
January 17, 2014
10:33 EDTANRAlpha Natural in sales talks on coal mine stake, Free Press Journal says
India's NMDC is reportedly in talks with Alpha Natural Resources to acquire a majority stake in a U.S. coking coal mine, according to The Free Press Journal, citing Cogencis. Alpha Natural shares are up 1.25% to $6.48 in early trading following the report. Reference Link
News For ANR From The Last 14 Days
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May 26, 2015
07:24 EDTANRAlpha Natural initiated with an Underperform at Credit Suisse
Target $.50.
May 22, 2015
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.

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