Foundation Coal Holdings, Inc. (FCL) announced that it has promoted Kurt Kost as President and Chief Operating Officer. Previously Kost served as Executive Vice President since June 2007 with specific responsibility for materials management, general equipment management, process improvement, business development, and oversight of the Planning and Engineering Group. The company also reported that Greg Walker would assume responsibility for non-coal assets, including land management and development of Foundation Coal's gas reserves. Foundation has appointed James Olsen as Senior Vice President and Chief Information Officer.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.