massey energy

Coal India May Buy Massey Energy Mine

Coal India, the world%u2019s biggest producer of coal, may purchase a mine owned by Massey Energy Co. (MEE), Bloomberg News said. The deal would be the state-owned company%u2019s first asset purchase in the U.S.

The Labor Department's Unprecedented Battle With Massey

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. Among the provisions the Labor Department injunction asks for is continued pay for the idled miners.

Is Coal Miner Massey Buyout Bait?

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

JPMorgan Chase Falsified Foreclosure Documents Too

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.

Legal Briefing: Yes, Citigroup's Settlement Was for Fraud

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.

Legal Briefing: FBI Won't Let Massey Slide on Bribery

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.

Coal Mine Disaster Weighs on Massey Energy

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 stock price losses are likely just the beginning of the company's fiscal pain: Further financial consequences from lost production, fines and lawsuits are likely.

In Coal Mining, Economics Still Trumps Safety

This week's disaster at a West Virginia coal mine reminds us that our dependency on coal for energy isn't going away. Until this week, many analysts had hoped the coal mining industry, while still dangerous, had become safer. U.S. mining injuries and fatalities have been declining since 2001.

Mine Explosion in West Virginia Kills at Least 25

Officials don't yet know what led to an massive methane gas explosion at a Massey Energy mine in West Virginia that has killed 25 miners and left four others missing. However, it already known to be the worst mining disaster in the U.S. in more than two decades.