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Stock Market & Financial Investment News

News For FCX;PXP;MMR 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 13, 2014
13:11 EDTFCXFreeport receives approval to resume open-pit mining in Indonesia, Reuters says
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October 8, 2014
18:20 EDTFCXFreeport California assets may receive bid from McClendon, Bloomberg reports
Aubrey McClendon is mulling a purchase of Freeport McMoRan's assets in California for up to $5B, Bloomberg reports, citing people with knowledge of the matter. McClendon's American Energy Partners has been looking to raise capital to fund the potential deal, and the company would turn Freeport's assets into a newly created operating unit, the people added. Freeport McMoRan is speaking with other potential suitors, and the dead is not finalized, according to the people. Reference Link
12:52 EDTFCXFreeport faces mounting pressure to improve safety at copper mine, Reuters says
Workers at Freeport McMoRan's Indonesia copper mine are looking for face-to-face talks with local management and may commence a mine blockade or strike action following a fatal accident at the mine, Reuters reports, citing union official Albar Sabang. If workers safety concerns and other demands are ignored by management, fresh protests and strikes may occur which can hinder copper exports for Freeport, Sabang added. Reference Link

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