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Stock Market & Financial Investment News

News Breaks
November 27, 2012
14:03 EDTBTUPeabody Energy to permanently close Willow Lake Mine
Big Ridge announced it will permanently close the Willow Lake Mine near Harrisburg, Ill. The mine has failed to meet acceptable standards for safety, compliance and operating performance, and these ongoing issues make the operations unsustainable, the company said. Worker Adjustment and Retraining Notification, or WARN, letters are being provided to approximately 400 employees. Willow Lake sold 2.2M tons in 2011. Peabody expects to incur a largely non-cash, one-time charge estimated at $40M-$60M, or 10c-15c per share after tax, in Q4 primarily to write off assets, increase asset retirement obligations and accrue severance. The company expects little effect on ongoing earnings from the closing, Peabody said.
News For BTU From The Last 14 Days
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November 24, 2014
18:05 EDTBTUPeabody announces joint venture with Glencore
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November 18, 2014
09:56 EDTBTUOn The Fly: Analyst Initiation Summary
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06:33 EDTBTUPeabody initiated with a Market Perform at BMO Capital
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November 13, 2014
05:54 EDTBTUStocks with implied volatility movement; EXC BTU
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November 12, 2014
10:22 EDTBTUPeabody options active on renewed takeover chatter
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10:16 EDTBTURumor: Peabody goes positive on renewed takeover chatter
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