Seeking Alpha

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)
From other sites
Comments (1)
  • chistletoe
    , contributor
    Comments (271) | 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
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs