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Reuters.com reports that Arch Coal (NYSE:ACI) has lowered earnings forecasts because of flooding in Australia.
Reuters.com reports that Arch Coal (NYSE:ACI) has lowered earnings forecasts because of flooding in Australia.
The story is quoted as saying:
Arch Coal on Tuesday lowered its 2010 earnings targets because of lower shipments and poor rail service and said the first quarter of 2011 will be affected by the forced idling of one of its mines.
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