By Tracy Rucinski | CHICAGO. CHICAGO Walter Energy Inc defeated an attempt by union workers to salvage job contracts and keep retiree benefits after a judge upheld a lower court ruling allowing the bankrupt coal producer to reject labor agreements.
A self-proclaimed environmentalist who is betting he can help clean up the coal trade by bundling carbon offsets with sales of the commodity heads the company that is buying Walter Energy Canada Holding Inc.'s northeast British Columbia coal mines out ...
CHICAGO, Nov 24 Bankrupt Walter Energy Inc received court approval on Tuesday to auction its coal assets as part of a proposal to emerge from bankruptcy that has faced fierce opposition from unions and retirees in its home state of Alabama.
Walter Energy Inc. is preparing to file for bankruptcy protection this week after agreeing on a fast-track restructuring process that would hand ownership of the coal miner to senior creditors, according to people familiar with the matter.
Coal producer Walter Energy, Inc. is headed to a January bankruptcy auction with an offer from senior lenders to cancel or take on $1.25 billion of the company's debts to set a floor price for the competition.
Walter Energy Inc. is seeking a bankruptcy court's approval to end employment agreements with its unions and stop funding retiree benefits so it can move ahead with the sale of its Alabama coal operations.
Walter Energy Inc. (WLTGQ), with its restructuring deal in pieces, pleaded with a reluctant bankruptcy judge Thursday for a new cash order that would appease its lenders and grant the coal company 30 days to reset.
Walter Energy Inc. is negotiating a debt restructuring with senior lenders that may put the unprofitable coal producer into bankruptcy as soon as this month, according to two people with knowledge of the discussions.