Shares of Arch Coal, Inc. (NYSE:ACI) are getting steamrolled 12% in late trading as the company cuts guidance. The company now expects EBITDA to be in the $900 million to $1 billion range for 2011. Arch Coal competes with Peabody Energy Corp. (NYSE:BTU), which is down about 2% after the bell.
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Level 3 Communications (NASDAQ:LVLT) continues to trade heavily in late trading after the FCC and the Justice Department signed off on the company’s buyout of Global Crossing (NASDAQ:GLBC). The transaction is expected to be completed as early as next year.
Despite a horrible day in the markets, Sirius XM Radio (NASDAQ:SIRI) gained 1.34% on Friday, and continues to add to gains after the bell.
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