Mar
16
Peabody Energy Warns of Possible Bankruptcy Filing
ByCreditPeabody Energy
The world’s largest coal company, the Peabody Energy Corporation, warned on Wednesday that it might have to file for bankruptcy protection as it struggles to keep up with its debt payments.
In a securities filing, Peabody said waning demand for coal around the world and stiffer regulations had raised “substantial doubt” about whether the company could continue to operate outside bankruptcy…