ST. LOUIS —
Arch Coal Inc. has named former AES Corp. CEO Paul Hanrahan as a board member.
The coal company said Monday that Hanrahan, 54, will serve on the audit and nominating and corporate governance committees of the 14-member board.
Hanrahan stepped down as CEO of AES, a power company based in Arlington, Va., in September after holding the post for nine years.
Last month Arch Coal reported that its first-quarter earnings fell due to severe weakness in the U.S. market for coal. Coal companies have been hurt by low prices for natural gas, a competing energy source for utilities and other businesses.
The St. Louis company’s stock gained 13 cents to $6.14 in afternoon trading. Its shares sank to a 52-week low of $5.62 last week.
Business
June 18, 2012
Arch Coal names former AES CEO as board member
- Business
-
-
Small company stocks take the limelight
Small-company stocks were a bright spot in a slow and choppy start to the week for Wall Street.
-
WPX Energy rises as hedge fund discloses stake
Shares of WPX Energy soared to an all-time high on Monday as a hedge fund disclosed a minority stake in the oil and gas company.
-
Yahoo takes big leap with $1.1B deal for Tumblr
Yahoo is buying online blogging forum Tumblr for $1.1 billion as CEO Marissa Mayer tries to rejuvenate an Internet icon that had fallen behind the times.
-
Arkansas Best freezes nonunion pensions
Fort Smith-based Arkansas Best Corp. says it is freezing its pension plan for employees who are not in a union.
-
Enbridge Energy planning pipeline into Oklahoma
Enbridge Energy Co. is preparing to construct a 600-mile pipeline that will carry crude oil from Illinois to Cushing, and the project promises to bring several hundred jobs.
-
Fan Outfitters sold to national chain
A Lexington-based string of sporting goods clothing stores has been sold to Lids Sports Group, a national chain based in Indianapolis.
-
Chesapeake names Anadarko executive as new CEO
Chesapeake Energy has named Anadarko Petroleum executive Robert Douglas Lawler as its new CEO.
-
Stocks hold close to record levels
A stock market surge took a pause Monday after investors pushed indexes to record levels last week.
-
American will favor passengers without roller bags
If you’re traveling light, you can board earlier on American Airlines.
-
A late fade on Wall Street; Wal-Mart, Disney slump
Signs of a slowing economy combined with comments from a Federal Reserve official helped pull the stock market down Thursday.
- More Business Headlines
-
Raw: Widespread Destruction in Moore, Okla.
Raw: Massive Funnel Clouds in Oklahoma
Raw: Japan's WWII Atrocities Under Fire in Seoul
Voters Could Elect LA's First Female Mayor
Raw: Rescuers Pull Tornado Survivors to Safety
Oklahoma Gov: 'Hearts Are Broken' After Tornado
Raw: Walking in a Flattened Okla. Neighborhood
Raw: Rescue Workers Search Oklahoma School
Raw: Witness Describes Scene After Okla. Tornado
Raw: Aftermath of Massive Tornado in Oklahoma
Raw: House Burns After Massive Oklahoma Tornado
Raw: Tornado on the Ground in Oklahoma
Split-second Choice Ended With NY Student Dead
White House Backs 'Shield Law' for Media
Wave of Attacks Kills Scores in Iraq
Pug Life on Display at Wisconsin Festival
Company Promises to Make All Snail Mail Digital
Analyst: Tumblr Fills Void in Yahoo's Offerings
