court case

Peabody Energy Corp facing problem over $1.47 bln self-bonding

US-based coal mining company Peabody Energy Corp is facing a major problem over its $1.47-billion self-bonding practice. The coal miner has been negotiating with debtors for several months. Certain groups are criticizing the self-bonding practice, lodged complaints in courts against Peabody Energy Corp.

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US AIrways and American Airlines merger deadline sought extended

Because of the uncertainty as to the result of the case filed in court, the deadline of the merger between the two airlines was sought to be extended.

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