Peabody, world's largest private coal company, files for bankruptcy

Peabody Energy—the world's largest private coal company—filed for bankruptcy this week. The company cited a variety of factors, including lower-than-expected demand for coal, and increased production of cheap natural gas obtained through "fracking" in the U.S. Peabody is also saddled with debt from its $5.2 billion of Australian... Peabody, world's largest private coal company, files for bankruptcy