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Arch Coal reports steep 2Q loss but shares spike

Seymour Tribune | July 27, 2012 | 9:16 pm Energy Coal 

ST. LOUIS — Arch Coal Inc. swung to a second-quarter loss on mine closures and weak demand, but it did much better than Wall Street had expected and shares finished the day up 29 percent.

A soured global economy has cut into demand for coal, but so has…

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