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Stock Market & Financial Investment News

News Breaks
December 6, 2012
06:18 EDTFCXFreeport McMoRan downgraded to Neutral from Buy at Citigroup
Citigroup downgraded Freeport McMoRan (FCX) citing increased leverage and earnings dilution from the company's acquisitions of Plains Exploration (PXP) and McMoRan Exploration (MMR). The firm lowered its price target for shares to $35 from $46.
News For FCX 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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