Financial woes may land PRB coal producer Cloud Peak in bankruptcy

first_imgFinancial woes may land PRB coal producer Cloud Peak in bankruptcy FacebookTwitterLinkedInEmailPrint分享Casper Star Tribune:Even as the bottom was falling out, Cloud Peak kept a brave face in calls with investors. All through 2018, executives said they hoped for a cold winter and praised the one bright spot in their company’s outlook: its export success. Similarly, Cloud Peak has represented a bright spot for Wyoming, a solution to declining domestic demand. It is the only company operating in Wyoming – whose financial filings are public – that is sending Powder River Basin coal to Asia.And now that company is in trouble.The Gillette-based company is not gritting its teeth and smiling anymore — it is too busy facing up to a likely delisting from the New York Stock Exchange. Cloud Peak is cutting costs like retiree health benefits and communications staff to staunch the cash bleed reported in financial statements. It recently hired outside consultants to weigh its options — including a sale, a potential restructuring and an expected bankruptcy.“The question of whether or not Cloud Peak goes bankrupt could have some short-term effects on exports, but there’s a bigger question,” said Clark Williams-Derry, director of energy finance for the Sightline Institute, a think tank in Seattle that advocates a transition to green energy. “The question is: Do exports make economic sense?”For now, most say, they don’t.Cloud Peak’s financial troubles are related to the downturn in demand in the domestic market, rather than what is happening in their small piece of the Asian market. The company only sends about 5 percent of its production overseas, he said.More: With Wyoming’s only coal exporter facing potential bankruptcy, what happens to the export dream?last_img read more

Lakers lean heavily on appeal (and apparel) of Kobe Bryant

first_img Newsroom GuidelinesNews TipsContact UsReport an Error LOS ANGELES — The Lakers were in their baby blue and gold Minneapolis throwback uniforms again on Wednesday, but the bigger jersey news was the unveiling of a look they will don later in the season.Starting on Jan. 26 in Chicago, the Lakers will introduce a black uniform designed by retired star Kobe Bryant that is adorned with accents that honor one of the franchise’s legends – Kobe Bryant.The Lakers’ “City Edition” look from Nike features a snakeskin pattern with Bryant’s two jersey numbers – 8 and 24 – under the flaps of the shorts. The front of the waistband also features a 24, the digits connected in a way that they appear to say “L.A.”For a franchise trying to take steps into the future, the Lakers are leaning heavily on Bryant, who retired in 2016, to satiate fans. The announcement of the new uniforms came just nine days after Bryant became the first player in professional sports to have two jersey numbers retired by one team. AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREUCLA alum Kenny Clark signs four-year contract extension with PackersLakers coach Luke Walton called the new look, which will be worn eight times, “awesome.” As a teammate of Bryant’s from 2003-12, Walton got a first-hand look at Bryant’s creative side. The snakeskin pattern is a nod to Bryant’s self-given alter-ego and nickname, the Black Mamba.“It’s got his own nice little touches,” Walton said. “I always thought he did a really good job, he was always heavily involved in the design with his own shoe, and I have always been a fan of those.“I think he does a really nice job with the subtleties of the jersey that was put together. I think it will be fun for the team and the fans.”center_img TENDING THE GOALWhen Phoenix beat Memphis on a last-second lob to Tyson Chandler on Tuesday night, Walton, like many in the NBA, had no idea what he had just seen.The lob, thrown by Dragan Bender, appeared to be on its way into the basket when Chandler slammed it home to secure the 99-97 victory against the team that would face the Lakers one night later. Suns interim coach Jay Triano used a little-known rule to his team’s advantage.Since an inbounds pass can’t be a shot, it also cannot be goal-tended.“In all honesty, I didn’t know that was a rule,” Walton said. “I would have been frustrated, but it was well-played by Phoenix.”Walton said he showed footage of the play in his team’s morning film session.“This is a copycat league,” he said, “and I’m sure a lot of coaches are putting that in their late-game playbook. We discussed what to do to defend that and it was a tough way to lose after they had that hard-fought comeback there in the fourth.”LOPEZ LOPESBrook Lopez made his return to the court on Wednesday, nine days after suffering a sprained right ankle in a loss to the Golden State Warriors.Three hours before the Lakers’ game against the Grizzlies, Lopez was on the court with assistant coach Mark Madsen, jogging lightly and shooting 3-pointers.Though Lopez appeared to be moving easily and without a noticeable limp, Walton said the timeline for the starting center’s return remains the same. He is expected to be re-evaluated around Jan. 9, three weeks after his initial diagnosis.“Last time I went and looked his ankle’s got color up and down it,” Walton said. “I knew he was going to shoot today, but shooting stationary jumpers and playing at this level and running up and down the court (are different).”last_img read more

Man United team to play Liverpool – a starting XI to win at Old Trafford

first_img 11 11 11 11 7. Memphis Depay – take a look at the full line up, in squad number order, by clicking right 11 8. Juan Mata – take a look at the full line up, in squad number order, by clicking right 21. Ander Herrera – take a look at the full line up, in squad number order, by clicking right 11 11 11 10. Wayne Rooney – take a look at the full line up, in squad number order, by clicking right Manchester United host rivals Liverpool on Saturday evening in one of the biggest clashes of the season so far.Both sides have had mixed fortunes in their first four campaigns and a win would do their hopes of catching early leaders Manchester City no harm.The Red Devils have been boosted by the news David De Gea has signed a new contract at Old Trafford so should star against Liverpool, but new boy Anthony Martial is only likely to start on the bench.So which starting XI will Louis van Gaal select?Take a look at our probably team by clicking the slideshow above and let us know what you think are the key selection issues by sharing your thoughts with a comment below… 36. Matteo Darmian 11 11 11 23. Luke Shaw – take a look at the full line up, in squad number order, by clicking right 17. Daley Blind – take a look at the full line up, in squad number order, by clicking right 12. Chris Smalling – take a look at the full line up, in squad number order, by clicking right 31. Bastian Schweinsteiger – take a look at the full line up, in squad number order, by clicking right 1. David De Gea – take a look at the full line up, in squad number order, by clicking the arrow above! And let us know what you think of our predicted team by leaving a comment below 28. Morgan Schneiderlin – take a look at the full line up, in squad number order, by clicking right last_img read more