Patriot Coal (NYSE:PCX) reported that its operating subsidiary, Eastern Associated Coal, LLC, has terminated mining operations at its Harris No. 1 mine near Wharton, West Virginia as a result of sudden adverse geologic conditions in the primary conveyor belt and travel entries of the mine. The Company determined that the current and anticipated geologic conditions have caused continued mining operations to become impractical. Therefore, the Company intends to permanently close the mine.
On the news, shares of Patriot Coal are down 13.5%.
Brunswick Corporation (NYSE:BC), a recreation products company, and Alpine Total Dynamic Dividend Fund (NYSE:AOD) are both seeing their shares down today on heavy volume. Brunswick is off by more than 8.5% and Alpine is down more than 9.5%.
Big Lots (NYSE:BIG) was downgraded by JP Morgan (NYSE:JPM) from overweight to neutral based on consumer spending trends, and insider selling.
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.
Launch related slideshow
Friday 2/3 Insider Buying Report: BLK, GBDC
Thursday 2/2 Insider Buying Report: ETFC, LBAI
Thursday 2/2 Insider Buying Report: FII, SBUX
Daily Market Wrap: February 3, 2012
Earnings Wrap: EL, AON
Daily Market Wrap: February 2, 2012
Analyst Moves: APA, NOV
Analyst Moves: RIMM, ANF
Analyst Moves: AKS, CTL
Friday Sector Leaders: General Contractors & Builders, Home Furnishings & Improvement Stocks
Friday Sector Laggards: Precious Metals, Agriculture & Farm Products
Wednesday Sector Laggards: Oil & Gas Exploration & Production, Shipping Stocks
Friday's ETF with Unusual Volume: VXF
Friday's ETF Movers: EWEM, PSAU
EWJ, KBWB: Big ETF Outflows
Daily Dividend Report: SPG, PEP, ADM, WYNN, PRE
Daily Dividend Report: CME, REG, WTR, ROST, JBHT
Daily Dividend Report: UNP, V, LVS, AGN, PRGO
Jobless Claims Rise in Pre-Holiday Week
Income, Spending and Durable Goods Orders Rise in November
GDP Revised Lower; Jobless Claims Drop
Weekly Market Wrap: February 3, 2012
Weekly Market Wrap: January 27, 2012
Weekly Wrap: January 20, 2012
Weekly Market Wrap: January 30, 2012
Week Ahead Market Report: January 23, 2012
Week Ahead Market Report: January 17, 2012
