Latest Business News: Polish State Mining Group JSW Warns of 2013 Loss on Coal Price Slump

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Latest Business News: Polish State Mining Group JSW Warns of 2013 Loss on Coal Price Slump

Latest Business News: Polish State Mining Group JSW Warns of 2013 Loss on Coal Price Slump
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Latest Business News: Polish State Mining Group JSW Warns of 2013 Loss on Coal Price Slump

Wochit 0:46 mins

State-controlled JSW , the biggest coking coal producer in the European Union, risks making an unexpected net loss in the third quarter and remaining in the red for the full year due to slumping coal prices. General Motors, Ford, Chrysler, Toyota and Nissan all reported double-digit sales gains last month, clear signs that U.S. auto sales will remain strong into the second half of the year. Stocks rose on Wall Street, sending the Standard & Poor's 500 index above 1,700 points for the first time.

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