NEW YORK-- The CEO of Patriot Coal is stepping aside less than five months after taking the job. Irl Engelhardt, a long-time executive at Peabody where he served as chairman and director of one of the world's largest coal producers, took over this year just weeks before the troubled Peabody spin-off sought bankruptcy protection.
NEW YORK-- Shares of Panera Bread Co. rose Wednesday, after the restaurant operator reported that its third-quarter profit jumped 27 percent, on strong demand for its soups and sandwiches, and the company raised its fourth-quarter and full-year earnings outlook.
JACKSON, Miss.-- Roberts Broadcasting has sold Jackson television WRBJ-TV to religious broadcaster Trinity Broadcasting Network. Media Venture Partners, which the bankrupt Roberts hired to sell its stations in Jackson, Columbia, S.C., and Evansville, Ind., says the station will begin showing Trinity's Christian programming.
*DuPont, 3 M, United Tech, UPS miss revenue forecasts. *DuPont, 3 M Co cut profit forecasts.
ST. LOUIS-- Shares of Panera Bread rose 5 percent in aftermarket trading on Tuesday after the company reported third-quarter net income rose 27 percent on strong demand for its soups and sandwiches. Net income rose to $36.5 million, or $1.24 per share. For the fourth quarter, the company now expects earnings of $1.72 to $1.74 per share, up from $1.66 to $1.70 per share.
*DuPont, 3 M, United Tech, UPS miss revenue forecasts. *DuPont, 3 M Co cut profit forecasts. DuPont and United Tech are by no means the only big U.S. companies to begin cutting jobs.
FRANKFORT, Ky.-- A Medicaid managed care provider has filed a lawsuit against Kentucky, alleging that state officials provided incorrect information that led to $120 million in losses in the first 11 months of its contract. The Medicaid provider had announced last week that it would exercise its right to end the contract effective July 5, 2013.
Centene Corp. said Tuesday it is suing Kentucky, a state that has generated heavy losses for the Medicaid coverage provider, as it reported an 87 percent plunge in third-quarter earnings. Centene said it filed a lawsuit against Kentucky over the state's "failure to completely and accurately disclose material information."
Peabody Energy Corp.' s shares fell in trading Tuesday after a Goldman Sachs analyst downgraded his rating on the coal company after a recent rally in its stock price.
Nearly half of all robberies in San Francisco this year are cell phone-related, police say, and most occur on bustling transit lines. And, in nearby Oakland, City Council candidate Dan Kalb was robbed at gunpoint of his iPhone Wednesday after he attended a neighborhood anti-crime meeting.
MORGANTOWN, W.Va.-- Drive through the coalfields of Central Appalachia, and signs of the siege are everywhere. Only a few generations ago, coal miners were literally at war with their employers, spilling and shedding blood on West Virginia's Blair Mountain in a historic battle for union representation and fair treatment.
WASHINGTON-- The maker of Banana Boat sunscreen is recalling a half-million bottles of spray-on lotion after reports that a handful of people have caught on fire after applying the product and coming in contact with open flames.
ST. LOUIS-- Peabody Energy Corp., the world's biggest private-sector coal company, is expected to post lower earnings compared to a year ago, when it reports second-quarter results before the stock market opens Monday.
NEW YORK-- At the Missouri college where Quazi Mohammad Rezwanul Ahsan Nafis enrolled, a classmate said he often remarked that true Muslims don't believe in violence.
NEW YORK-- Quazi Mohammad Rezwanul Ahsan Nafis was a terrible student in his native Bangladesh, and his middle-class parents say he persuaded them to send him off to study in the U.S. as a way of improving his job prospects.
ST. LOUIS-- Reinsurance Group of America Inc.' s net income rose 7 percent in the third quarter, but the company said its operating income declined, mostly because of higher-than-expected claims in the U.S. and Australia.
The benefit of recent downpours was more pronounced in states such as Iowa, the nation's biggest corn producer. Thursday's update showed that 63.9 percent of Iowa still is in extreme or exceptional drought _ the worst two classifications _ in what marked an improvement of nearly 12 percentage points from a week earlier.
Shares of Centene Corp. soared Wednesday after the health insurer said it will end a contract to administer Medicaid coverage in Kentucky that had hampered its performance. A Centene official said in a brief statement that they "do not believe there is a viable path to a sustainable managed care program in Kentucky."
FRANKFORT, Ky.-- A Medicaid managed care provider in Kentucky is seeking to terminate its contract with the Cabinet for Health and Family Services after only a year, a move that would cut some 200 jobs in Lexington. Kentucky has three other Medicaid contractors.
BELLEVILLE, Ill.-- The families of a three babies sickened by a rare bacterial infection, including a 10- day-old Missouri infant who died, filed a lawsuit Tuesday against the Illinois- based manufacturer of a powdered baby formula that they believe is responsible.