Alpha Natural Resources has agreed to pay $200 million to resolve a range of civil and criminal penalties linked to the Upper Big Branch accident as well as other liabilities it inherited when it bought Massey Energy in June, the Wall Street Journal said, citing several people familiar with the settlement.
Federal regulators are expected to issue the largest fine ever to a U.S. mining company in connection with the Massey Energy accident last year that killed 29 coal miners in West Virginia, the Wall Street Journal said, citing two people briefed on the matter.
Yahoo's board of directors is scheduled to meet Wednesday, and besides hearing presentations from investment adviser Allen & Co., it's also under a new threat from Daniel Loeb's Third Point fund.
Hedge fund manager Daniel Loeb has acquired a 5.1 percent stake in Yahoo and demanded the resignation of Chairman Roy Bostock and a complete shakeup.
The companies whose shares are moving in pre-market trade on Thursday are: Orbitz Worldwide, Devry, Joy Global, United Continental Holdings, Marathon Oil, Peabody Energy, ITT Corp, Limited Brands, Alpha Natural Resources, Century link and Gap Inc.
The top after-market NYSE gainers on Wednesday are: Orbitz Worldwide, NetQin Mobile, Esterline Technologies, Regal Beloit, CRH. The top after-market NYSE losers are: Verso Paper Corp, Paragon Shipping, Massey Energy, Anadarko Petroleum and Alpha Natural Resources.
The companies whose shares are moving in pre-market trade on Wednesday are: HCP, Macy's, Sealed Air Corp, Thompson Creek Metals, EMC Corp, Nokia Corp, Sequans Communications, Armour Residential REIT, Inergy, H J Heinz Co, Tiffany & Co. and Massey Energy Co.
The companies whose shares are moving in pre-market trade on Friday are: Capital One Financial, Deere & Co, Chesapeake Energy, Bank of America, Apple, Massey Energy, Citigroup and Goldman Sachs.
Shares of coal miner Massey Energy surged 13 percent in premarket trading on Monday, the first trading day after rival Alpha Natural Resources agreed to buy it in a $7 billion deal.
Dow Jones Index was up 21.99 points, or 0.19 percent, to 11,845.69 and the S&P 500 index rose 4.54 points, or 0.36 percent, to trade at 1,280.88. Meanwhile, Nasdaq gained 0.39 points, or 0.01 percent, to 2,687.28.
U.S. stock index futures edged higher on Monday as merger activity and expectations for solid earnings overshadowed concerns about the possible spread of unrest in Egypt to other parts of the Middle East.
Shares of Massey Energy Co. (NYSE: MEE) are rallying this morning after it was announced over the weekend that Alpha Natural Resources Inc. (NYSE:ANR) agreed to buy the metallurgical coal producer in a cash-and-stock deal valued at $8.5 billion.
The companies that reported news on Wednesday after the market close are: Cisco Systems, CenturyLink, Qwest Communications, Delta Air Lines, Massey Energy, AMR, American Airlines, Ruby Tuesday, Resources Connection, Mindspeed Technologies, Quidel, Lacrosse Footwear, and Daqo New Energy.
The top after-market NYSE gainers on Monday are: Alcoa, International Coal Group, U.S. Gold Corp, Arch Coal, American Axle & Manufact. Holdings, Molycorp, M.D.C. Holdings and Barnes & Noble.
U.S. stocks sagged on Thursday as data that showed weekly initial jobless claims fell more than expected failed to stir much enthusiasm over the economy.
U.S. stocks sagged on Thursday and the Dow closed below 10,000 a day ahead of an expected downward revision in U.S. second-quarter economic growth and a major speech by Federal Reserve Chairman Ben Bernanke.
Stocks sagged on Thursday and the Dow closed below 10,000 a day ahead of an expected downward revision in U.S. second-quarter economic growth and a major speech by Federal Reserve Chairman Ben Bernanke.
Three directors were narrowly reelected to coal miner Massey Energy Co's board on Tuesday in a proxy battle launched by investors angered that share value has plummeted since an explosion killed 29 workers at a company mine six weeks ago.
Massey Energy Co is under criminal investigation by the FBI after the deadly mine explosion in West Virginia, U.S. officials familiar with the matter said on Friday, news that sent the company's stock plummeting.
Massey Energy Co , owner of the West Virginia coal mine where 29 miners were killed three weeks ago, accused unions on Monday of spreading a big lie that the company had traded safety for profit.
Massey Energy Co , owner of the West Virginia coal mine where 29 miners were killed three weeks ago, accused unions on Monday of spreading a big lie that the company had traded safety for profit.
Coal miner Massey Energy Co , owner of the Upper Big Branch mine where at least 25 miners died in a blast this week, said it was working to increase production at its other mines to mitigate losses at UBB.