ST. LOUIS, May 29, 2013 /PRNewswire/ -- Today, the bankruptcy court ruled on Patriot Coal's motion to terminate its collective bargaining agreement with the UMWA. The court also addressed Patriot's request to modify its agreement with Peabody regarding retiree benefits.
In its order, the court fully agreed with Peabody's contractual position. Peabody will continue to meet its obligations, as affirmed by today's rulings.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts