Arch Coal Inc. said Thursday that it will repurchase up to 14 million shares of its common stock, effective immediately.
The buyback would be worth more than $370 million based on Wednesday’s closing price of $26.45 a share. The repurchase plan represents about 9.8 percent of Arch Coal’s shares; the company had 143,544,602 common shares outstanding [...]

Arch Coal Inc. said Thursday that Brian Jennings was elected to its board of directors effective immediately. He will serve on the board’s finance and audit committees.
Steven Leer, Arch Coal’s chairman and CEO, said in a statement, “Brian’s expertise in corporate finance for the global energy industry will be extremely valuable to the board and [...]