Peabody Expects Lower Ebitda on Australian Flooding

Bloomberg.com reports that Peabody Energy  (NYSE:BTU)says that 2010 earnings will be less than forecast because of the flooding in Australia.

The story is quoted as saying:

Peabody said on Dec. 30 that it declared force majeure in Queensland, a measure that allows companies to miss contracted deliveries because of circumstances beyond their control. Floods in the state are the worst in 50 years and have forced the evacuation of 4,000 people

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