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Stock Market & Financial Investment News

News Breaks
February 25, 2013
15:26 EDTBTUPeabody Energy discloses subpoena from SEC served in January
Peabody Energy disclosed in its annual 10-K filing that in January, the SEC staff served a subpoena on the company seeking information and documents relating to the development of Prairie State. The company is cooperating with the SEC's investigation. Based on current information, the company believes that such other pending or threatened proceedings are likely to be resolved without a material adverse effect on its financial condition, results of operations or cash flows.
News For BTU From The Last 14 Days
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May 1, 2015
09:50 EDTBTUPeabody downgraded to Underperform from In-Line at Imperial Capital
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09:47 EDTBTUPeabody downgraded to Underperform from In-Line at Imperial Capital
April 23, 2015
11:45 EDTBTUPeabody says MLP creation 'an interesting option for us' going forward
Comment made on the Q1 earnings conference call. Peabody Energy is down 7.6% to $4.50 in late-morning trading.
08:11 EDTBTUPeabody sees FY15 sales volume 235M-255M tons
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08:09 EDTBTUPeabody sees Q2 adjusted EPS (59c)-(49c), consensus (34c)
Sees Q2 adjusted EBITDA $135M-$175M.
08:08 EDTBTUPeabody has $685M in potential annual cash improvement by early 2017
The cash improvement is related to $275M in lower cash payments related to Southern Powder River Basin reserve installments that end in 2016; $75M in lower cash payments related to health benefit trust payments that expire in January 2017; and $335M in potential lower currency rates and fuel prices as legacy hedge transactions roll off.
08:07 EDTBTUPeabody taking additional measures to improve four areas of business
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08:05 EDTBTUPeabody cuts 2015 US volume targets by 10M tons in light of market conditions
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08:05 EDTBTUPeabody: Thermal coal production curtailments beginning to accelerate
The company said seaborne metallurgical coal supply is expected to decline for the first time in three years. The impact of slowing Chinese demand has weighed on the market. Expects rising Indian coal imports, ongoing global urbanization trends and economic growth to lead to rising steel and electricity consumption over the next several years. Chinese coal imports remain challenged amid slower demand and efforts to support the domestic coal industry, including quality restrictions, tariffs and lower domestic taxes that have temporarily prevailed over delivered import economics. India is expected to surpass China to become the largest seaborne coal importer in 2015.
08:03 EDTBTUPeabody reports cost reductions offset $100M in lower pricing in Q1
08:03 EDTBTUPeabody reports Q1 adjusted EPS (62c), consensus (32c)
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April 22, 2015
15:50 EDTBTUNotable companies reporting before tomorrow's open
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April 21, 2015
12:57 EDTBTUPeabody CEOs request voluntary, temporary base pay cut
In a regulatory filing, Peabody announced that in light of current business conditions and to align on a personal level with the company’s ongoing cost reduction strategies, Gregory Boyce, the Chairman and CEO, and Glenn Kellow, the President and CEO-elect, requested a voluntary and temporary base salary reduction for the remainder of calendar year 2015. Following those requests, on April 21 and April 20, respectively, Peabody Energy entered into letter agreements with each of Messrs. Boyce and Kellow to temporarily reduce his base salary by 10% for the period from May 1 through December 31, 2015.

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