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Stock Market & Financial Investment News

News Breaks
December 31, 2012
06:17 EDTFCX, MMRFreeport-McMoRan cut McMoRan Exploration bid after poor well test, Reuters says
Freeport-McMoRan Copper & Gold (FCX) lowered its cash bid for McMoRan Exploration Co. (MMR) by about 5% to $14.75 per share just before it announced plans to buy the company, due to poor test results at one of McMoRan's wells, according to an SEC filing, reports Reuters. Reference Link
News For FCX;MMR From The Last 14 Days
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April 11, 2014
06:22 EDTFCXFreeport McMoRan cuts Grasberg mine workforce 'modestly,' WSJ reports
Freeport-McMoRan has "modestly" cut the workforce at its Grasberg mine, CEO Richard Adkerson tells the Wall Street Journal. The cuts come as a tax dispute with Indonesia's government drags on. Reference Link

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