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News For YUM;FCX From The Last 14 Days Check below for free stories on YUM;FCX the last two weeks. |
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| May 20, 2013 |
| 09:42 EDT |  | FCX | Paulson & Co. issues statement regarding Freeport-Plains merger
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| 07:41 EDT | | FCX | Freeport says to declare $1.00/share supplemental dividend after Plains deal
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| 07:41 EDT | | FCX | Freeport says plans $1.5B in assets sales after Plains, McMoRan transactions
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| 07:40 EDT | | FCX | Freeport says to declare $1.00/share supplemental dividend after Plains deal
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| 07:35 EDT | | FCX | Plains Exploration declares special $3.00 per share dividend
Plains Exploration (PXP) announced that it has received the approval of Freeport-McMoRan Copper & Gold (FCX) under the merger agreement between the companies for PXP's Board of Directors to declare a special one-time cash dividend of $3.00 per share. Upon receipt of bank waivers under a credit facility that will terminate in connection with the merger, PXP's Board of Directors intends to declare the dividend to PXP stockholders as of May 30, the expected dividend record date. The dividend will be conditioned upon and paid immediately prior to the completion of PXP's merger with Freeport-McMoRan Copper & Gold. |
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| May 19, 2013 |
| 13:37 EDT |  | FCX | Death toll mounts at Freeport's Grasberg mine, Bloomberg reports
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| May 16, 2013 |
| 16:48 EDT | | YUM | Yum! Brands Taco Bell CEO sees doubling revenue to $14B in 10 years
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| 08:12 EDT | | FCX | Freeport, Plains Exploration announce preliminary results of merger election
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| May 15, 2013 |
| 17:18 EDT | | FCX | BP Capital gives quarterly update on stakes
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| May 14, 2013 |
| 07:29 EDT |  | FCX | BofA/Merrill to host a conference
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| May 13, 2013 |
| 10:12 EDT | | YUM | Yum! Brands falls after reporting 29% China sales decline
Shares of Yum! Brands (YUM) are retreating after the company disclosed that its same store sales had tumbled 29% in China last month, versus the same period in 2012. WHAT'S NEW: The 29% decline in Yum's same-store sales in China, which the company announced on Friday night in an SEC filing, was roughly in-line with the its previous guidance for a decline of about 30%. The outbreak of avian flu in China had a significant negative impact on sales of Yum's KFC restaurants in that country last month, Yum! stated. Historically, the impact of avian flu outbreaks on KFC sales has been "relatively short-lived," Yum! added. ANALYST REACTION: In a note earlier today to investors, Oppenheimer analyst Brian Bittner wrote that Yum's sales in China had probably bottomed last month, as he believes that the avian flu outbreak is unlikely to accelerate. Yum should meet analysts' 2013 consensus estimates, and the company is poised to rebound significantly next year, added the analyst. He kept an Outperform rating on the stock. TODAY'S PRICE ACTION: In early trading, Yum! fell $1.73, or 2.5%, to $68.60. |
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| 10:07 EDT |  | YUM | Yum! Brands July and October volatility low
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| 08:13 EDT |  | YUM | Yum! Brands China comps likely bottomed in Q1, says Oppenheimer
After Yum! Brands reported in-line April China comps of down 29%, Oppenheimer believes that the company's China comps likely bottomed in Q1 as the firm doesn't expect the avian flu outbreak in China to worsen. The firm expects Yum! to meet 2013 expectations, and it thinks the company could rebound significantly next year. The firm reiterates an Outperform rating on the stock. |
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| 07:36 EDT | | FCX | Plains Exploration CEO urges holders to support Freeport McMoRan merger
Plains Exploration (PXP) CEO and Chairman James C. Flores urged shareholders to support the merger with Freeport McMoRan (FCX) in a letter. The letter explained that "The strategic nature of the transaction, including the fact that the combination of the PXP, FCX and McMoRan Exploration businesses is expected to create the largest diversified U.S.-based natural resource company with an enterprise value in the top five among global mining peers, increase geographic diversification of the combined company within the U.S. and increase commodity diversification for the combined company. The scale of the combined company, which will enable it to compete more effectively than either PXP, FCX or MMR on a standalone basis, through increased cash flow and lower cost of capital investment in future development projects, exploration and acquisitions." |
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| May 10, 2013 |
| 16:32 EDT | | YUM | Yum! Brands April same-store sales for China division down 29%
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| 09:49 EDT | | YUM | Yum! Brands embarking on media campaign in China, Reuters reports
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| 07:35 EDT | | YUM | Yum! Brands cleared in China after meat safety concern, WSJ says
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| May 9, 2013 |
| 14:30 EDT | | FCX | Options Update; May 9, 2013
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| 08:13 EDT | | FCX | PXP announces support for merger with Freeport-McMoRan
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| 08:02 EDT | | FCX | Freeport McMoRan says agreed terms for Plains Exploration are 'best and final'
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