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Stock Market & Financial Investment News

News Breaks
June 30, 2014
12:32 EDTAPA, FCXApache completes sale of Lucius, Heidelberg Gulf of Mexico developments
Apache (APA) announced that it has completed the previously disclosed sale of non-operated interests in the Lucius and Heidelberg development projects and 11 primary term deepwater exploration blocks to a subsidiary of Freeport-McMoRan (FCX) and other interest owners for $1.4B. Certain working interest owners in the Lucius oil development exercised their preferential rights to purchase their pro-rata share of Apache's interests in Lucius on the same terms as those negotiated by Freeport-McMoRan.
News For APA;FCX From The Last 14 Days
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October 20, 2014
06:20 EDTFCXFreeport McMoRan upgraded to Neutral from Sell at Citigroup
Citigroup upgraded Freeport McMoRan to Neutral citing the recent pullback in shares. Citi keeps a $31 price target for the stock.
October 16, 2014
07:23 EDTAPAHart Energy to hold a conference
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October 14, 2014
16:39 EDTAPAApache CEO says continuing to evaluate options for international assets
"As we have previously outlined, Apache is transforming into a leading North America-focused exploration and production company with an extensive resource base, strong production growth and a commitment to maximizing rate of return," CEO Steven Farris said. "We are continuing to evaluate options for our international assets and LNG projects, including the potential separation of these assets through strategic transactions or the capital markets."
16:37 EDTAPAApache announces resignation of CFO Alfonso Leon, appoints interim CFO
Apache announced that Alfonso Leon, executive vice president and CFO, has resigned to pursue other opportunities. Leon's departure is not related to any issues regarding financial disclosures, accounting or legal matters. Executive Vice President P. Anthony Lannie will serve as interim CFO as the company conducts a search for a new CFO. Prior to joining Apache as general counsel in 2003, Lannie served as president of Kinder Morgan Power Company and president of Coral Energy Canada, a subsidiary of Shell Oil Company.
October 13, 2014
13:11 EDTFCXFreeport receives approval to resume open-pit mining in Indonesia, Reuters says
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