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Latest Patriot Coal Corporation Stories

2012-10-13 11:20:05

NEW YORK, Oct. 13, 2012 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential securities fraud at Patriot Coal Corporation ("Patriot Coal" or the "Company") (OTCQB: PCXCQ). The investigation focuses on whether the Company and its executives violated federal securities laws by failing to disclose that: (1) certain Patriot Coal officers had disclosed misguiding statements regarding the Company's business prospects; (2) as such,...

2012-09-21 06:22:27

ST. LOUIS, Sept. 21, 2012 /PRNewswire/ -- Patriot Coal Corporation (OTC: PCXCQ), a producer and marketer of coal in the eastern United States, today announced management changes intended to bolster the resources of its finance team as the Company continues its reorganization process. Mark N. Schroeder has been named Senior Vice President of Financial Planning, effective immediately. In this role, Mr. Schroeder will largely focus on steps to maximize value created from the Company's...

2012-09-14 10:22:16

ST. LOUIS, Sept. 14, 2012 /PRNewswire/ -- Patriot Coal Corporation (OTC: PCXCQ) today announced temporary curtailments of approximately 85,000 tons of metallurgical coal production per month in response to further weakening of market demand. The production cuts will occur at three Southern West Virginia mine complexes, Kanawha Eagle, Rocklick and Wells, over the next 60 days. In total, approximately 250 employee and contractor positions will be impacted by these actions. "Metallurgical...

2012-08-06 06:21:27

ST. LOUIS, Aug. 6, 2012 /PRNewswire/ -- Patriot Coal Corporation (OTC: PCXCQ), a producer and marketer of coal products in the eastern United States, today announced that the U.S. Bankruptcy Court for the Southern District of New York has entered a final order approving Patriot's $802 million Debtor-in-Possession ("DIP") financing. The DIP financing and cash from the Company's ongoing operations are expected to provide Patriot with financial flexibility to operate its business during the...

2012-07-10 14:21:08

ST. LOUIS, July 10, 2012 /PRNewswire/ -- Patriot Coal Corporation, a producer and marketer of coal products in the eastern United States, today announced that the Bankruptcy Court for the Southern District of New York (the "Court") granted Patriot interim approval of its $802 million Debtor-in-Possession financing ("DIP") from Citigroup Global Markets Inc., Barclays Bank PLC, and Merrill Lynch, Pierce, Fenner & Smith Incorporated as joint lead arrangers, and granted...

2012-07-10 10:28:38

LEXINGTON, Ky., July 10, 2012 /PRNewswire/ -- Rhino Resource Partners LP (NYSE: RNO) ("Rhino") today is providing an operational update of its second quarter activities. Northern Appalachia Northern Appalachia operations produced 477 thousand tons of steam coal during the second quarter. Coal sales were 476 thousand tons and limestone sales totaled 128 thousand tons. With Rhino's Hopedale sales fully contracted through 2014, Rhino has had discussions with some of its Hopedale...

2012-07-09 10:21:43

ST. LOUIS, July 9, 2012 /PRNewswire/ -- Patriot Coal Corporation (NYSE: PCX), a producer and marketer of coal products in the eastern United States, announced today that Patriot and substantially all of its wholly owned subsidiaries have filed voluntary petitions for reorganization under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the Southern District of New York. Patriot has taken this action in order to undertake a comprehensive financial restructuring. Patriot expects...

2012-07-05 02:24:56

VANCOUVER, British Columbia, July 5, 2012 /PRNewswire-Asia/ -- Pennystocksinsiders.com (PSI) has issued insider trading reports and Equity Research for the following companies: General Electric (NYSE:GE), Intel (NASDAQ:INTC), Alcoa (NYSE:AA), Best Buy (NYSE:BBY), Patriot Coal (NYSE:PCX), and Hillshire Brands (NYSE:HSH). (Logo: http://photos.prnewswire.com/prnh/20120531/HK16417LOGO ) (Read full report by clicking the link below, you may need to copy and paste the full link to your...

2012-06-18 02:32:15

VANCOUVER, British Columbia, June 18, 2012 /PRNewswire-Asia/ -- Insiderslab.com has issued insider trading reports and Equity Research for the following companies: EMC (NYSE:EMC), Activision Blizzard (NASDAQ:ATVI), Alpha Natural Resources (NYSE:ANR), Bristol Myers Squibb (NYSE:BMY), YPF (NYSE:YPF), and Patriot Coal (NYSE:PCX). (Logo: http://photos.prnewswire.com/prnh/20100419/HKM001LOGO ) (Read full report by clicking the link below, you may need to copy and paste the full link to your...

2012-05-29 02:22:04

ST. LOUIS, May 29, 2012 /PRNewswire/ -- Patriot Coal Corporation (NYSE: PCX), a leading producer and marketer of coal in the eastern United States, today announced a new executive leadership team to improve its operating and financial structure. The following appointments by the Patriot Board of Directors are effective immediately: Irl F. Engelhardt has been named Chief Executive Officer. He succeeds Richard M. Whiting, who is leaving Patriot after serving as President and CEO since 2007....