Knoxville-based National Coal Corp. recently generated some much-needed cash by selling a Superior Highwall Mining System for $4.1 million, according to a Securities Exchange Commission filing.
The system was sold to SEACAP Leasing Associates II LLC.
National Coal has been in a selling mood lately as it has moved aggressively to pay off debt. Among assets previously sold were the New River Tract near Oneida, Tenn., a preparation plant and a short-line railroad.
Click here for National Coal SEC filings on Edgar online.
Former Securities and Exchange Commission Chairman Arthur Levitt offers scathing comments on the financial reform bill in an interview with ProPublica.
Levitt says it’s “ridiculous” to call the new bill the biggest financial reform since the Great Depression. The biggest omission from the bill is “shareholder access to the proxy,” he says.
Read the full interview here.
Ruby Tuesday CEO Sandy Beall and Director Lanigan Bernard are on TheStreet.com’s list of the 10 largest insider stock sales filed with the Securities and Exchange Commission on Wednesday.
Both sold more than $3 million worth of stock. Bernard and Beall are fourth and fifth, respectively, on the list.
That would buy a ton of RT’s “handcrafted burgers.”
The Maryville, Tenn.-based restaurant chain reported a week ago that its third fiscal quarter profit jumped to $17.8 million — it’s best quarter in three years — despite a drop in sales.