New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
August 14, 2014
17:16 EDTGM, AAL, FCX, DG, CIE, HSH, AGN, HES, CBS, VOD, FDO, SHPG, COV, DLR, PXD, CNO, TMO, MNK, QCOR, DTVPaulson & Co gives quarterly update on stakes
NEW STAKES: Allergan (AGN), DIRECTV (DTV), Covidien (COV), Hillshire Brands (HSH), and Questcor (QCOR). INCREASED STAKES: Shire (SHPG), Cobalt (CIE), Mallinckrodt (MNK), Family Dollar (FDO), and Dollar General (DG). DECREASED STAKES: Thermo Fisher (TMO), Vodafone (VOD), Freeport-McMoRan (FCX), CNO Financial (CNO), and CBS (CBS). LIQUIDATED STAKES: American Airlines (AAL), Pioneer Natural Resources (PXD), Hess (HES), General Motors (GM), and Digital Realty Trust (DLR).
News For AGN;DTV;COV;HSH;QCOR;SHPG;CIE;MNK;FDO;DG;TMO;VOD;FCX;CNO;CBS;AAL;PXD;HES;GM;DLR From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 >>
January 26, 2016
08:13 EDTFCXFreeport McMoRan continues to evaluate alternatives for oil and gas business
Freeport McMoRan CEO Richard Adkerson said, "As we enter 2016, our clear and immediate objective is to restore FCX's balance sheet and position the company appropriately to enhance shareholder value in the current market environment. We are responding swiftly and decisively to achieve this objective." FCX will continue to focus on cost and capital management and cash flow generation from its operations under the current weak commodity price environment and is taking further immediate actions to accelerate its debt reduction plans and enhance shareholder value through pursuing asset sales and joint venture transactions. Several initiatives are currently being advanced, including an evaluation of alternatives for the oil and gas business as well as several transactions involving certain of its mining assets. FCX expects to achieve progress on these initiatives during the first half of 2016. "While we believe the physical copper market is essentially balanced, concerns about the global economy, and particularly the weakening of the Chinese economy, have dominated financial market sentiment and negatively impacted commodity prices, including copper. Oil prices have also weakened to multi-year lows in response to excess global supplies and economic conditions. Current market conditions and uncertainty about the timing of economic and price recovery require FCX to take further aggressive actions to strengthen its financial position, reduce debt and re-focus its portfolio of assets. FCX's strategy will focus on its global leading position in the copper industry. FCX will continue to manage its production activities, spending on capital projects and operations, and the administration of its business to enhance cash flows, and intends to complete significant asset sale transactions to reduce debt. FCX remains confident about the longer term outlook for copper prices based on the global demand and supply fundamentals. With its established reserves and large-scale current production base, its significant portfolio of undeveloped resources, and its global organization of highly qualified and dedicated workers and management, FCX is well positioned to generate significant asset sale proceeds while retaining an attractive portfolio of high-quality assets," the company said.
08:10 EDTFCXFreeport sees 2016 consolidated copper sales of 5.1B lbs, gold of 1.8M oz
Subscribe for More Information
08:09 EDTFCXFreeport McMoRan announces additional initiatives to accelerate debt reduction
Subscribe for More Information
08:04 EDTFCXFreeport reports Q4 consolidated copper sales of 1.15B lb, gold of 338K oz
Subscribe for More Information
08:03 EDTFCXFreeport McMoRan reports Q4 adjusted EPS (2c), consensus (17c)
Reports Q4 revenue $3.8B, consensus $3.84B. Reports net charges totaling $4.1B, or $3.45 per share, for fourth-quarter 2015.
07:32 EDTHESHess reduces 2016 E&P capital and exploratory budget 40% to $2.4B
Subscribe for More Information
05:56 EDTFCXFreeport's copper export permit to end in Indonesia on Thursday, Reuters says
Subscribe for More Information
05:40 EDTVODVodafone upgraded to Buy from Hold at Jefferies
Jefferies analyst Jeremy Dellis upgraded Vodafone to Buy with a price target of GBP 250.
January 25, 2016
20:03 EDTGMTesla CEO: 'Probably' three years until local production in China
Subscribe for More Information
14:29 EDTFCXNotable companies reporting before tomorrow's open
Subscribe for More Information
12:00 EDTFCXEarnings Watch: Freeport-McMoRan shares down 68% since Q3 report
Subscribe for More Information
11:14 EDTFCXStocks with call strike movement; FCX VXX
Subscribe for More Information
10:02 EDTTMOWi-LAN subsidiary enters into license agreement with Thermo Fisher
Subscribe for More Information
10:00 EDTCNOOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: 8x8, Inc. (EGHT) initiated with a Buy at Summit Research... ARI Network (ARIS) initiated with an Outperform at Barrington... Alcobra (ADHD) initiated with an Outperform at Oppenheimer... CNO Financial (CNO) initiated with a Hold at Deutsche Bank... Expedia (EXPE) initiated with an Outperform at Wells Fargo... Gartner (IT) initiated with an Overweight at Atlantic Equities... MAG Silver (MVG) initiated with a Buy at Roth Capital... Mitek Systems (MITK) initiated with an Outperform at Northland... Priceline (PCLN) initiated with a Market Perform at Wells Fargo... QTS Realty Trust (QTS) initiated with a Buy at SunTrust... Seres Therapeutics (MCRB) initiated with a Buy at H.C. Wainwright.
09:58 EDTTMOAffymetrix downgraded to Hold from Buy at Cantor
Subscribe for More Information
08:57 EDTFCXFreeport McMoRan volatility elevated into Q4 and outlook
Freeport McMoRan January weekly call option implied volatility is at 145, February is at 114; compared to its 52-week range of 35 to 134, suggesting large near term price movement into the expected release of Q4 results on January 26.
07:59 EDTHESHess Corp. price target lowered to $38 from $58 at JPMorgan
Subscribe for More Information
07:02 EDTSHPGShire resubmits NDA for lifitegrast to FDA
Subscribe for More Information
06:56 EDTCNOCNO Financial initiated with a Hold at Deutsche Bank
Subscribe for More Information
05:19 EDTFCXStocks with implied volatility movement; SWN SCTY
Subscribe for More Information
1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 >>

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the theflyonthewall.com disclaimer & terms of use