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Stock Market & Financial Investment News

News For POT;MT;MOS;FCX;CAT From The Last 14 Days
Check below for free stories on POT;MT;MOS;FCX;CAT the last two weeks.
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July 23, 2014
10:40 EDTFCXFreeport McMoRan expects $4B-$5B in asset sales to accelerate debt reduction
Meanwhile, Freeport McMoRan expects to buy additional interest in deepwater Gulf of Mexico in hundreds of millions to add to the company's potential. The company says delays in obtaining approvals would result in monthly deferral of 50M lbs of copper and 80,000 ounces of gold. It sees positive global demand for the copper market, with China remaining solid. It sees the market will be helped by general economic recovery and Europe gradually strengthening from a low base. The supply side will create tightness, however, as more companies defer projects. The long-term fundamentals for copper, though, support a positive outlook. Expects first production at Lucius to be in 2H14 with a potential of more than 300 MMBoe gross resource potential. Expects first production at Heidelberg to be in mid-2016 with 200-400 MMBoe gross resource potential. Comments taken form Q2 earnings conference call.
10:28 EDTCATCaterpillar reports 3-month end June retail machine sales down 10%
Caterpillar disclosed in a regulatory filing earlier that its total retail sales of machines for the 3-month rolling period ended June were down 10%. In the rolling period, retail machine sales were down 30% in Asia/Pacific, down 21% in EAME, down 18% in Latin America and up 14% in North America. Total energy & transportation retail sales for the 3-month rolling period were down 10%.
08:34 EDTMOSMosaic to permanently discontinue production of MOP at Carlsbad facility
Mosaic said in a filing that on July 21 it decided to permanently discontinue production of muriate of potash at its Carlsbad, New Mexico facility. The final date for production is expected to be December 31. The decision is based on the quality of the ore in the Carlsbad basin and the age of the facility's infrastructure. These combined factors make it difficult for the operations to remain competitive in an already challenging global market. The discontinuation of this product at Carlsbad is a further step in our previously announced ongoing asset optimization initiatives. Its larger potash production facilities at Esterhazy, Belle Plaine and Colonsay in Saskatchewan, Canada will continue to produce MOP.Mosaicís plan for the immediate future is to transition the Carlsbad facility to the exclusive production of its highly valued K-Mag product line. K-Mag is a premium potash product that currently represents approximately 70% of production at the Carlsbad facility and is a long-term strategic asset for us.We currently estimate that the discontinued production will result in total pre-tax charges in the range of $135M-$160M. The third quarter pre-tax charges are estimated to be in the range of $55M-$77M with the majority of the remainder expected to be recorded in the fourth quarter.
08:13 EDTFCXFreeport McMoRan says encouraged by talks with the Indonesian government
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08:08 EDTFCXFreeport McMoRan sees FY14 operating cash flows $6.8B
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08:06 EDTFCXFreeport McMoRan sees Q3 copper sales 1.1B lb, gold sales 445K oz
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08:05 EDTFCXFreeport McMoRan sees FY14 copper sales 4.1B lb, 1.3M oz gold
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08:03 EDTFCXFreeport McMoRan reports Q2 EPS 46c, consensus 51c
Reports Q2 revenue $5.52B, consensus $5.34B. Consolidated sales for Q2 totaled 968M pounds of copper, 159K ounces of gold, 25M pounds of molybdenum and 16.0M barrels of oil equivalents, compared with 2Q13 sales of 951M pounds of copper, 173K ounces of gold, 23M pounds of molybdenum and 5.0 MMBOE reflecting oil and gas results beginning June 1, 2013.
July 22, 2014
15:30 EDTFCXNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include PepsiCo (PEP) , consensus $1.23; Boeing (BA), consensus $2.01; Dow Chemical (DOW), consensus 72c; EMC (EMC), consensus 43c; Simon Property Group (SPG), consensus $2.13; Thermo Fisher (TMO), consensus $1.62; General Dynamics (GD), consensus $1.77; Freeport-McMoRan (FCX), consensus 49c; Delta Air Lines (DAL), consensus $1.04; Northrop Grumman (NOC), consensus $2.22; Whirlpool (WHR), consensus $2.91; B/E Aerospace (BEAV), consensus $1.07; Ryder (R), consensus $1.40; Owens Corning (OC), consensus 46c.
14:08 EDTFCXEarnings Preview: Freeport McMoRan sentiment positive ahead of Q2 report
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July 21, 2014
09:22 EDTCATCaterpillar confident in chances in tax suit, WSJ says
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07:41 EDTCATWhistleblowers allege bogus repairs by Caterpillar unit, WSJ says
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July 20, 2014
11:58 EDTCATCaterpillar, five others should benefit from global recovery, Barron's says
Caterpillar (CAT), Teradata (TDC), Kennametal (KMT), Capital One Financial (COF), T. Rowe Price Group (TROW), and Chesapeake Energy (CHK) are all relatively cheap and should benefit from global recovery, Barron's contends in its cover article. Reference Link
July 18, 2014
08:31 EDTPOT, MOSPotash Corp BG Mosaic could become BHP takeover targets, says Bernstein
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July 17, 2014
07:42 EDTFCXThe Federal Energy Regulatory Commission (FERC) to hold a meeting
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July 16, 2014
10:00 EDTPOTOn The Fly: Analyst Downgrade Summary
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07:21 EDTPOTPotash downgraded to Hold from Buy at TD Securities
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July 14, 2014
07:43 EDTCATGE far ahead of Caterpillar in race for cleaner diesel train, WSJ says
Caterpillar (CAT) has fallen far behind in the race to offer a locomotive that meets stricter emission standards taking effect next year, with its Electro-Motive Diesel unit stating that its freight trains probably won't be available until 2017, while General Electric (GE) is already testing trains that comply with the new rules, reported The Wall Street Journal. Reference Link
July 10, 2014
10:05 EDTFCXOn The Fly: Analyst Initiation Summary
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06:31 EDTFCXFreeport McMoRan initiated with an Overweight at HSBC
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