James River Coal Reported Bigger Than Expected Quarterly Loss

Reuters reported that James River Coal reported a bigger than expected quarterly loss.

As quoted in the market report:

In a surprise announcement, the company said it bought back $61.4 million principal amount of its debt for $23.9 million through mid October. Standard & Poor’s had cut its corporate credit rating on James River in June on liquidity concerns, pushing its debt further into junk territory.

To view the whole Reuters report, click here.