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U.S. coal getting squeezedNew York (UPI) Jan 12, 2016 A bankruptcy filing by Arch Coal Inc. pushes the default rate for U.S. coal companies up 4 percent from the end of December, Fitch Ratings finds. Arch Coal, one of the largest coal companies in the country, filed for Chapter 11 bankruptcy protection Monday. "Under the terms of the agreement, the lenders have agreed to support a restructuring transaction that will eliminate more than $4.5 billion in debt from Arch's balance sheet and position the company for long-term success," the company said ... read more |
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European debate over nuclear weapons gains pace
N. Korea's Kim praises bravery of soldiers fighting for Russia
Kim unveils homes for kin of N. Korean troops killed aiding Russia: KCNA |
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