Economy

Coal giant files for bankruptcy

By Kyle Feldscher

Published January 11, 2016 4:22pm ET

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Coal giant files for bankruptcy — Arch Coal, the country's second-biggest coal company, said it needs to wipe out $4.5 billion in debt. (AP photo/Matthew Brown, file) | Matthew Brown

The country’s second-biggest coal supplier filed for Chapter 11 bankruptcy protection, the company announced Monday morning.

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Bankruptcy Climate Change Coal Kyle Feldscher