Peabody Energy

Business
4:14 pm
Tue August 13, 2013

UMWA Back In St. Louis

UMWA members rally in front of Peabody's headquarters in St. Louis Tuesday.
Credit Maria Altman / St. Louis Public Radio

Members of The United Mine Workers of America were in St. Louis again Tuesday, rallying over miners’ retiree benefits.


The protest took place just one day after the union reached a tentative agreement with Patriot Coal.


But officials were turning their attention back to Peabody, which created the now bankrupt Patriot in 2007.


UMWA officials, including secretary treasurer Dan Kane, repeated at the rally in front of Peabody’s headquarters that the corporation is still responsible to its former employees.

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Business
4:43 pm
Tue July 30, 2013

UMWA Brings Protest To Arch Coal

Credit (via Arch Coal)

A fight over retiree health benefits landed in front of Arch Coal’s Creve Coeur headquarters Tuesday morning.


The United Mine Workers of America union argues Arch and Peabody Energy both bear responsibility for 10,000 miners’ health benefits jeopardized in another company’s bankruptcy.


St. Louis-based Patriot Coal was spun off from Peabody in 2007 and then bought a former Arch subsidiary in 2008.


The UMWA has filed suit against both Peabody and Arch in West Virginia claiming they purposely shed liabilities such as retirees’ health benefits.

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Patriot Coal
3:02 pm
Mon June 17, 2013

Miners Rally Again To Protest Patriot Coal Bankruptcy

UMWA members and supporters protest in downtown St. Louis on June 17, 2013. This was the first rally since a Patriot Coal bankruptcy ruling allowed the company to change retirees' health benefits.
(Rachel Lippmann/St. Louis Public Radio)

More than a thousand United Mine Workers of America members were back in St. Louis on Monday, the latest in a series of protests against Peabody Energy and its handling of their  retirement and health care benefits.

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Peabody and Patriot Coal Protests
5:33 pm
Mon April 29, 2013

Protesters Return To St. Louis As Patriot Coal Health Benefits Case Continues

Protesters rally in front of the Peabody Energy headquarters in downtown St. Louis on April 29, 2013. They gathered to draw attention to a Patriot Coal case regarding the health care benefits of 10,000 retired miners. Peabody spun off Patriot in 2007.
(Maria Altman/St. Louis Public Radio)

A motion by Patriot Coal to cut health benefits for 10,000 retired miners was heard Monday in a federal bankruptcy court in St. Louis.

More than 1,500 protesters, many with the United Mine Workers of America, rallied in downtown to draw attention to the case.

The UMWA is angry with Patriot for asking a federal bankruptcy judge to allow it to shed about $1.6 billion in liabilities.

But they also direct their anger at Peabody Energy, which spun off Patriot in 2007.

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Peabody and Patriot Coal Protests
2:03 pm
Tue April 16, 2013

Union Miners Protest Peabody In St. Louis Again, This Time, With Crosses

1000 Crosses were planted by protesters on a hill in Kiener Plaza. The crosses signified the deaths of former miners, as well as the potential loss of healthcare for retired miners.
Sean Sandefur/ St. Louis Public Radio

Hundreds of retired and current union miners from across the country descended on St. Louis on Tuesday to protest Peabody Energy and the potential loss of their pension plans.

Most of the miners worked for either Peabody Energy or Arch Coal, but their benefits are threatened by the bankruptcy of Patriot Coal last year. Patriot was spun off from Peabody in 2007, along with the healthcare obligations of many Peabody and Arch Coal employees.

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Business
1:18 pm
Tue February 26, 2013

Peabody: SEC Investigating Ill. Prairie State Power-Plant Project

(St. Louis Public Radio)

One of the nation's biggest coal producers says federal security regulators are investigating the company's role in development of a southwestern Illinois power plant.

St. Louis-based Peabody Energy Corp. says in its annual report that the Securities and Exchange Commission served the company with a subpoena last month requesting information and documents related to the Prairie State project.

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St. Louis on the Air / Coal Protest
11:37 am
Tue January 29, 2013

Miners Protest In St. Louis Over Effects Of Patriot Coal Bankruptcy

Miners from across the country marching down Market St. in downtown St. Louis. They are protesting a Peabody Energy/Patriot Coal plan to cut pension and health care programs following Patriot's bankruptcy.
(Adam Allington/St. Louis Public Radio)

Hundreds of miners from across the country protested outside of St. Louis-based Peabody Energy on Tuesday.

The miners are accusing Peabody of orchestrating a bankruptcy in order to skip out on pension and healthcare benefits owed to some 10,000 retirees and their dependents.

At the heart of the dispute is Patriot Coal Corp., which was created by Peabody as a stand-alone company in 2007.  In creating Patriot, Peabody also transferred a hefty chunk of Peabody’s outstanding pension obligations onto Patriot’s books.

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Corporate Taxes
4:22 pm
Tue May 1, 2012

May Day protesters take aim at Peabody tax policies

Michelle Witthaus (right) was removed from Peabody Energy's stockholder meeting.
(Joseph Leahy/St. Louis Public Radio)

About 150 activists marched outside Peabody Energy’s annual stockholder meeting in downtown St. Louis today.

The protesters decried an unfair tax code that they say allows  the energy company to dodge paying its fair share of taxes. For instance, they say Peabody paid $0 in federal income taxes in 2008 and 2009; and $0 in state income taxes in 2010.

Peabody Energy's Corporate Communications Director Meg Gallagher says, however, the group’s numbers are inaccurate.

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Peabody Energy
12:54 pm
Tue October 25, 2011

Coal giant Peabody's 3Q net income rises 22 percent

Peabody Energy Corp. CEO Gregory Boyce.
(UPI/Bill Greenblatt)

Coal-mining giant Peabody Energy Corp. says its third-quarter earnings climbed 22 percent and demand for coal is still rising for power generation in Asia and Europe.

Separately, Peabody says the steel maker ArcelorMittal has pulled out of their joint bid to buy Australia's Macarthur Coal Ltd. for about $5 billion, and will sell its interest to Peabody.

Peabody shares fell 1.7 percent to $40.25 in premarket trading.

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Peabody Energy
10:30 am
Tue April 19, 2011

Peabody Energy's 1Q earnings rise

(St. Louis Public Radio)

Peabody Energy Corp. says its profit rose in the first quarter due to higher prices for Australian coal used in steelmaking and increased demand in the U.S.

The world's biggest private-sector coal company says its net income attributable to common shareholders was $176.5 million, or 65 cents per share, in the January-March period. That's up from $133.7 million, or 50 cents, a year earlier.

St. Louis-based Peabody says first-quarter revenue rose 15 percent to $1.74 billion from $1.51 billion the previous year.

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