Massey Energy

Coal India, the world's biggest producer of coal, may purchase a mine owned by Massey Energy Co. (MEE), Bloomberg reported Friday. The deal would be the state-owned company's first asset purchase in the U.S. Kolkata-based Coal India is on the hunt for acquisitions to meet growing demand from...

For the first time ever, federal regulators are asking a judge for an injunction ordering a U.S. mine to close until safety hazards are fixed. That mine is Massey Energy's Freedom Energy No. 1 in Kentucky. Among the provisions the Labor Department injunction asks for is continued pay for the idled miners.

Shares in Massey Energy were climbing today on reports that the coal mining company was "exploring strategic alternatives" -- in other words, a possible sale.

The problem of faulty foreclosure documents isn't limited to GMAC: A JPMorgan Chase employee has testified that she was one of eight managers who combined to sign some 18,000 documents a month without the personal knowledge of the facts that the documents claimed they had.

Although the coverage of Citigroup's $75 million settlement with the SEC didn't use the word "fraud" -- the bank only admitted to "misleading investors" -- Citi did indeed settle fraud charges. But that admission won't be much help to investors in their own their fraud cases against it.

Here is news from the business world and other money matters to watch out for Tuesday: BP Posts $17B Loss: Petroleum-giant BP (BP) reported earlier today that it lost $17 billion in the second quarter after accounting for more than $32 billion in charges related to the Gulf oil spill. The...

The Justice Dept. has launched a probe into possible "willful criminal activity" at Massey Energy's Upper Big Branch coal mine, where 29 miners died recently.

If there's any truth to the rumors that Massey Energy bribed coal mine inspectors, a confluence of powerful forces makes it a near certainty that we'll see wrongdoers get convicted, government get cleaner, and miners get safer.

Investors drilled Massey Energy for a second day, sending its shares down more than 6% in the wake of a West Virginia mine explosion that killed at least 25 miners. But, facing fines and lawsuits, stock price losses are likely just the beginning of the company's fiscal pain.

The disaster in West Virginia serves as a reminder that America's dependence on coal for energy isn't going away. While U.S. mining injuries and fatalities have dropped since 2001, safety lapses in the industry mean it remains very dangerous.