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Coal giant Murray Energy files for Chapter 11 bankruptcy

first_imgCoal giant Murray Energy files for Chapter 11 bankruptcy FacebookTwitterLinkedInEmailPrint分享S&P Global ($):Murray Energy Holdings Co. and certain subsidiaries filed for Chapter 11 bankruptcy protection following months of financial distress.The move, which will occur under the guidance of new President and CEO Robert Moore, replacing Robert E. Murray, will allow the company to access $350 million in new debtor-in-possession financing.The bankruptcy filing is necessary to implement a restructuring support agreement with an ad hoc lender group holding more than 60% of the approximately $1.7 billion in claims under the company’s superpriority credit and guaranty agreement.Murray Energy is the nation’s largest privately owned coal miner and produced the third-most coal among all U.S. producers in 2018, ousting Cloud Peak Energy Inc. from the top three with nearly 60.5 million tons last year.The Ohio-based coal producer announced earlier this month that it had entered into forbearance agreement after it failed to make amortization and interest payments that were due Sept. 30. The coal producer amended its forbearance agreements and extended the period through Oct. 28.S&P Global Ratings and Moody’s Investors Service downgraded their credit ratings on the company as a result, and Ratings further reduced its ratings down to “default” after the miner missed payments on loans during a grace period that ended Oct. 7.The missed debt payments suggested the company might seek bankruptcy protection, despite founder and Murray’s vow to be the “last man standing” in the coal industry. Murray has also been critical of other coal producers that turned to the bankruptcy court and shed debt as well as financial obligations.Moody’s adjusted its outlook on the coal sector from stable to negative in August, due largely to recently declining seaborne prices coupled with reduced domestic demand for the fuel.“As we think about prospects for companies over the next several years, we’re going to pay more and more attention to specific commercial strategies around exporting: who’s developing which markets, which relationships, how and so forth,” said Benjamin Nelson, senior credit officer and lead coal analyst at Moody’s, in a September interview. “I’d also say that producers at the lower end of our ratings spectrum that have meaningful exposure to the export market, like Foresight or Murray, that’s where you’ll see the most meaningful stress.”More: Murray Energy files for Chapter 11 bankruptcy protectionlast_img read more

Trent Brown: Las Vegas Raiders right tackle released from hospital after IV scare | NFL News

first_imgTrent Brown signed a four-year, £51m contract with the Raiders in March 2019 Raiders coach Jon Gruden said on Monday: “(Brown is) up and seems to be doing well. We’re waiting the results of some of the extensive tests he did today and yesterday. I don’t have anything to report other than he had an issue. Andy Dalton was injured by an illegal hit from Washington linebacker Jon Bostic Andy Dalton was injured by an illegal hit from Washington linebacker Jon Bostic

Price: Chapman Will Remain In Bullpen

first_imgReds Pitcher Aroldis Chapman will remain in the bullpen, Reds manager indicates.The Cincinnati Reds plan to keep Aroldis Chapman as their closer for the 2014 season.For the past couple of off-seasons, speculation has risen whether Chapman will be utilized from the bullpen or as a starting pitcher.“I am certainly a believer after one more year in the bullpen, Chapman is a really strong closer,” Reds Manager Bryan Price told WRBI.“My fear is that going into starting, that there would be a transition period on a team that is ready to win now,” Price added. “It changes the entire layout of our starting rotation and our bullpen.”Price, along with other club officials, traveled to Florida this week for the 2013 Winter Meetings.last_img read more

NFL suspends plan to make game officials full-time employees, report says

first_img NFL training camp 2019: Under-the-radar rookies to watch While it’s not clear why the league made the decision to suspend the plan, ESPN notes it still could be reintroduced for next season.The NFL had employed roughly 20 percent of its officials on a full-time basis starting in 2017 for additional training during the offseason, including “rule development, competition committee discussions and offseason visits to teams,” according to ESPN. The other 80 percent has been required to stay away from the league from the end of the season until May.  Related News Cowboys’ Dak Prescott says everyone can get huge contract with NFL salary cap trends Kendrick Norton talks for first time about losing his arm: ‘I am alive, and I am grateful’ The NFL has suspended plans to make game officials full-time employees as contract negotiations with the NFL Referees Association continue, according to ESPN, which cited multiple unidentified sources. Instead of making the switch to hiring full-time officials, the league will go back to using its previous structure of having a full roster of officials who will work part time. The decision comes amid ongoing labor talks between the NFL and the NFL Referees Association as the collective bargaining agreement is set to expire at the end of May. The league has received pressure to improve its officiating, especially coming off a season in which the Rams’ NFC title game against the Saints ended in controversy after a non-call helped Los Angeles advance to the Super Bowl. As ESPN notes, both sides are hoping to avoid what happened with officials in 2012 when the NFL used replacement officials for several weeks after failing to reach an agreement in time to start the season, resulting in an ugly lockout.last_img read more

8 Have a beer in Berlins microbreweries Bavaria

first_img8. Have a beer in Berlin’s microbreweriesBavaria may have Germany’s most famous beer brands, but Berlin has a long tradition of brewing too. In recent years several exciting new brewers have set up shop. Hidden in a Wedding student housing complex, Eschenbraeu is well worth visiting for its home-brewed beers and flammekuchen pies. In the Friedrichshain district, the Hops & Barley bar attracts a young crowd. Closer to the centre, Brauhaus Lemke is an original Berlin brewpub, pulling pints since 1999. But two of the best places for a beer are the Prater Garten, the oldest Biergarten in town, serving its own Prater Pils, and the relaxing Cafe am Neuen See which serves Bavarian beers and overlooks a beautiful boating lake in Tiergarten Park.Read more: UK’s top 10 craft beer pubs 5. Markthalle 9Only two of Berlin’s thirteen market halls survive, and the beautiful ‘number 9’ hall in Kreuzberg, dating back to 1891, has been revived with a lively weekly farmers’ market. Wander around the many enticing stalls on a Friday or Saturday (10am to 6pm) – it’s a great place for fresh regional food and a cheap way to dine out. But there’s more; the Kantine restaurant serves excellent organic lunches every day, there’s a popular street food market every Thursday evening (6pm to 10pm) and there are often special markets on Sundays, dedicated to local crafts or sweets. If that isn’t enough reason to drop by, the new Heidenpeters microbrewery sells its ales on market days. By the Puecklerstrasse exit, the famous Weltrestaurant Markthalle is a lovely place for a schnitzel, or a beer on the terrace. 7. Tempelhofer Freiheit ParkVisiting a former airfield may not sound very exciting, but step out onto the runways of the now abandoned Tempelhof Airport and there’s two kilometres of wide empty track stretchng out before you, then you’ll get the appeal of such an afternoon. Tempelhof was built in the 1930s and was meant to be the world’s most advanced airport and one of the world’s largest buildings. Later, the Americans used it as a military airport, and it played a key role in saving West Berlin during the 1949 Soviet blockade. The 1200-metre-long terminal building is used for tours and events, while the airfield has been converted into a park for lying in the sun, kite boarding, jogging, cycling, roller-blading, dog-walking and barbecuing. The most convenient entrances are S/U-Bahn Tempelhof and U-Bahn Boddinstrasse but it’s best to arrive by bike (yuccie single-speed of course) to make the most of it. Admission to the park is free. 6. Clärchens BallhausGenerations of Berliners have danced the nights away at Clärchens since it opened in September 1913. Here, Berliners could have fun and perhaps dance with the man or woman of their dreams. The photos at the entrance show that very little has changed over the last 100 years, though the front of the building, now a terrace, was bombed in the war. Nowadays, Clärchens is Berlin’s last real dance hall, with great pizza and German dishes and themed dance nights (tango, salsa, foxtrot, etc – free admission) on weekdays. The legendary schwoof parties (€5) take place at weekends, when there’s live music and you’re welcomed at the coat-room by Günter, who has worked here since he was a nipper in the mid-1960s. It’s the place to dance ’til dawn (4am) on the weekends! 10. Party on at a festivalBerliners like to celebrate outside during the warm summer. But the festival season starts off each year in the midst of winter with the Berlinale Film Festival in February, which sees thousands of Berliners and foreigners retreat to warm cinema halls to watch the best new film releases. The outdoor season kicks off on May 1 with the MyFest street festival in the Kreuzberg district. Berlin’s main street party is the multicultural Karnaval der Kulturen parade in late May. Listen to live music at stages all over town during Fete de la Musique, on 21 June, while late June sees the huge Christopher Street Day gay parade. Finally, the city’s main landmarks and buildings are majestically lit up during the Festival of Lights in October.Read more: 13 of the best music festivals for 2015 4. Take a tour with a differenceThere are dozens of tours around Berlin’s tourist sights, but perhaps the most interesting is to join small tours around the outlying districts. The history here is no less interesting than in the city centre, and you’ll get insights into normal daily life. Slow Travel Berlin, a website written by Berlin-lovers, organises district walking tours that really take the time for in-depth exploration of Prenzlauer Berg, western Kreuzberg or Wedding. Finding Berlin is another website by Berlin enthusiasts that run tours; join their ‘Little Istanbul’ walk that includes chats with Turkish bakers and shop owners in Neukoelln, or the ‘Life & Styles’ tour, exploring eastern Kreuzberg using vintage fixed-gear bicycles. If you prefer to sight-see solo then they also rent out cool vintage (what else in this hipsterville?!) bikes. Related10 best free things to do in BerlinIn Berlin on a tight budget? Our local expert shares her top insider tips for the best free things to do on a Berlin break.10 incredible places to visit in GermanyGermany isn’t all about swigging beer and the Berlin Wall (although both should be on your holiday hitlist!). From cutting-edge art collections to fairytale castles, feast your eyes on these 10 must-visit German destinations and the top things to do when you get there.17 amazing abandoned airports around the worldEmpty airports in warzones, little known airfields and airplane boneyards: welcome to the strange world of abandoned airports. For whatever reason, these 17 airports, some suggested by you in places like Spain and the US were left to wither, leaving little-known military bases and wasted aircraft debris behind.center_img From beer gardens to abandoned airports and amusement parks, we reveal 10 of the best alternative things to see and do in Berlin.It’s a well known hipster hangout, but Berlin is not just about style – although there’s plenty of it, from fashion to architecture. Learn about the city’s turbulent history, see some world-class live music and shop for low-cost gourmet grub at the markets. Oh, and of course, taste test some of the world’s best beer (just don’t tell Bavaria). Here’s a selection of must-sees in the German capital:1. The Berlin Wall MemorialThe best place to learn more about the Berlin Wall and the division of Germany is the official Berlin Wall Memorial on Bernauer Strasse, north of the centre. The border ran right along the façades of the houses here, and after residents were evacuated and the lower floors were bricked up, people still managed to flee the GDR by jumping out from the top floors. The information centre shows films of the construction of the wall, and there’s a view tower overlooking a short stretch of wall that has been restored to the original, brutal look. The centre is open 9:30am to 7pm, and from November to March 9:30am-6pm, but closed Mondays. Walk around the back for a peek at the ‘death strip’ through the gaps in the rear wall. Today artists have claimed large swathes of the wall as a canvas for their work, and a tour of these bright and creative murals is a moving reminder that from dark times beauty can still flourish – but visit soon, as much of the wall is falling into a state of disrepair and the artworks which adorn it are unfortunately disappearing with it. This outdoor exhibition is open 24hrs and is completely free. 3. Three panoramic placesBerlin may be a relatively flat city with only a handful of high-rise buildings, but there are several places to get great panoramic views across town. The Panoramapunkt at the top of the brick Kollhoff tower on Potsdamer Platz is a terrific city centre viewpoint., open daily 10am – 8pm. Europe’s fastest elevator it zips you 100 metres up for views of Berlin’s new and old centre, and it also features a café and exhibition centre. Just south of the centre, the monument at the top of the Kreuzberg hill in Viktoriapark is Berlin’s highest natural point; get off the U-Bahn at Mehringdamm, buy some beers at a Spaeti shop and walk up along the romantic waterfall at sunset. In the Neukoelln district, the new Klunkerkranich ‘cultural rooftop garden’ on top of a shopping centre car park has a bar, DJs, live music and parties with fabulous views over Berlin – the party starts at 4pm on a Friday, 2pm on the weekend, and lasts until the wee hours. 9. Go urban exploringPhotographers, graffiti-artists and the plain curious are all drawn to Berlin’s many abandoned and ruined places, and several websites are dedicated to ‘urban exploration’ self-guided tours. Southeast of the city centre in the Treptow district, the former Spreepark amusement park is one of the most spectacular examples; the Ferris wheel and many rides are slowly being swallowed by the forest, and can be visited on a tour or just by wandering in. On the western side of the city, there’s the former CIA listening post on Teufelsberg hill. Further afield, explorers can look for the Olympic Village and the Beelitz Heilstätten hospital and several Nazi or Soviet military areas. {% widgets %}{“type”: “widget”, “id”: “newsletter”}{% endwidgets %}2. Berlin Philharmonic OrchestraThe Berlin Philharmonic Orchestra is without doubt one of the best in the world. Directed by Englishman Sir Simon Rattle, it performs regularly in Berlin, and tours the world extensively. The orchestra’s home is the striking yellow tent-shaped Philharmonie near Potsdamer Platz. Its interior with seating terraces all around the stage was revolutionary when it opened 50 years ago. Don’t miss the free Tuesday lunchtime concerts by upcoming and renowned musicians; arrive 30-45 minutes early and bring something soft to sit on, as the audience sits on the lobby floor! These performances start at 1pm and run daily from September 3rd to June 14th. Get more tips for your next trip to Berlin:10 best free things to do in BerlinIn Berlin on a tight budget? Our local expert shares her top insider tips for the best free things to do on a Berlin break.Top 10 most beautiful hotels in BerlinFrom ultra-modern to classic chic: stay in one of these stunning hotels and enjoy a room with plenty of view!Find flights to Berlin_Tripbod Jeroen is a travel writer and editor for InYourPocket.com who loves cycling around Berlin and exploring the city’s quirkier sights._Skyscanner is the world’s travel search engine, helping your money go further on flights, hotels and car hire.ReturnOne wayMulti-cityFromAdd nearby airports ToAdd nearby airportsDepart14/08/2019Return21/08/2019Cabin Class & Travellers1 adult, EconomyDirect flights onlySearch flights Maplast_img read more