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Patriot Coal (PCXCQ.OB) has requested court permission to modify $1.6B in retiree health...

Patriot Coal (PCXCQ.OB) has requested court permission to modify $1.6B in retiree health benefits for thousands of employees as part of its strategy to exit Chapter 11. The miner wants to cut wages and other worker benefits as well. Patriot has also sued Peabody Energy (BTU), from which it was spun off five years ago," to ensure that Peabody continues fulfilling its "healthcare obligations to certain retirees." (PR)
Comments (1)
  • chistletoe
    , contributor
    Comments (272) | Send Message
     
    no kidding?

     

    next you'll say something really newsworthy, like the sun rose this morning .....
    15 Mar 2013, 07:38 AM Reply Like
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