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Stocks Freeport-McMoRan Inc

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  • SANTIAGO, Sept 2- Arizona- based mining company Freeport-McMoRan Inc said on Wednesday it was dismissing some 650 workers at its El Abra copper mine in Chile and partially suspending operations at the complex until mid-September as it cuts mining rates in half. Last week, Freeport, which owns a 51 percent stake in the mine in northern Chile, became one of the first...

  • Early movers: AAL, DAL, FDX, FCX, AAPL & more Tuesday, 1 Sep 2015 | 7:44 AM ET
    Traders work on the floor of the New York Stock Exchange.

    Some of the names on the move ahead of the open.

  • SANTIAGO, Aug 31- A Chilean union that represents copper mine workers rejected a move by Freeport-McMoRan Inc to drastically cut staff at its El Abra mine and said on Monday it was considering action. Last week, Arizona- based Freeport, which owns a 51 percent stake in the mine in northern Chile, became one of the first big global miners to announce it was slashing...

  • SANTIAGO, Aug 31- A Chilean union that represents copper mine workers on Monday rejected a move to drastically cut staff at the El Abra mine owned by Freeport-McMoRan and was considering action after 700 workers had their jobs terminated at the weekend. Last week, Arizona- based Freeport, which owns a 51 percent stake in the mine in northern Chile, became one of the...

  • Big Lots and Splunk are big market movers Friday, 28 Aug 2015 | 4:44 PM ET

    NEW YORK— Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and the Nasdaq Stock Market:. Freeport-McMoRan Inc., up 31 cents to $10.50. Big Lots Inc., up $6.58 to $48.58.

  • US STOCKS-Wall St slips after Fischer's remarks Friday, 28 Aug 2015 | 12:24 PM ET

    *Freeport-McMoRan rises after Icahn discloses stake. Aug 28- U.S. stocks slipped on Friday after comments from an influential member of the U.S. Fed Vice Chairman Stanley Fischer said the United States was heading in the direction of higher rates and that recent economic data had been impressive.

  • NEW YORK— Shares of Freeport-McMoRan jumped Friday, a day after it announced cost-cutting plans and activist investor Carl Icahn disclosed that he bought a stake in the mining company. Freeport-McMoRan said Thursday that it would cut costs and reduce spending due to falling copper prices and soft economic conditions around the world. Shares of...

  • *Freeport-McMoRan rises after Icahn discloses stake. "Today's selloff is normal after the two enormous upward days that we had," said Randy Frederick, managing director of trading and derivatives for Charles Schwab in Austin, Texas. Data for August 20-26 showed a record $28 billion in outflows from equity funds.

  • LONDON, Aug 28-- Copper prices extended a rally on Friday after the stock market in China recovered for a second day, but gains were capped due to continued worries about oversupply. "We are confident that not all short sales of metals in China have been already covered," said Commerzbank in a note. Copper shot up 4.2 percent on Thursday, lifted by a bounce in global stock...

  • *Freeport-McMoRan jumps after Icahn discloses stake. Aug 28- Wall Street opened lower on Friday, suggesting investors were wary of taking big positions into the weekend after days of tumultuous trading that featured both the market's worst day in four years and biggest two-day gain since the financial crisis. "A lot of investors are looking for markets to calm...

  • *Freeport-McMoran jumps after Icahn discloses stake. Wall Street logged its biggest two-day gain since the financial crisis on Thursday on strong U.S. economic data and hints that a September interest-rate hike was unlikely. "A lot of investors are looking for markets to calm down and are rebalancing their portfolios before going into the weekend," said Jeff...

  • US STOCKS-Futures fall after two-day market rally Friday, 28 Aug 2015 | 7:39 AM ET

    *Wall Street logged its biggest two-day gain since the financial crisis on Thursday on strong U.S. economic data and hints that a September interest-rate hike was unlikely. *Chinese stocks jumped more than 4 percent for the second day as authorities announced that pension funds managed by China's local governments will start investing 2 trillion yuan as soon...

  • LONDON, Aug 28-- Copper prices dipped on Friday after a sharp rebound the day before as worries about oversupply resurfaced, but losses were modest after the stock market in top metals consumer China recovered for a second day. Copper shot up 4.2 percent on the London Metal Exchange on Thursday, lifted by a bounce in global stock markets, buoyant U.S. economic data...

  • U.S. stocks ended the day little changed Friday, letting investors breathe a little easier after a week where both the highs and lows were extreme. The market gave investors a hard jolt the first two days of trading this week on concerns about the health of China's economy. "People are taking a little bit of a pause," said Paul Springmeyer, senior portfolio manager at...

  • But the stock climbed further after the billionaire investor disclosed the stake in a filing with the U.S. Securities and Exchange Commission, and said that he plans to speak with Freeport and may seek board representation. Freeport is undervalued, Icahn said in the filing, and he intends to address "executive compensation practices and capital structure as...

  • After-hours buzz: Freeport-McMoRan, Splunk & more Thursday, 27 Aug 2015 | 5:32 PM ET
    Trader on the floor of the New York Stock Exchange.

    Check out the companies making headlines after the bell Thursday: Freeport-McMoRan, Splunk, GameStop & more.

  • St. Jude and Tiffany are big market movers Thursday, 27 Aug 2015 | 4:33 PM ET

    NEW YORK— Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and the Nasdaq Stock Market:. St. Jude Medical Inc., up $3.09 to $72.43. Tiffany& Co., down $1.79 to $83.29.

  • Icahn becomes top Freeport-McMoRan shareholder Thursday, 27 Aug 2015 | 4:12 PM ET
    Carl Icahn at Delivering Alpha 2015 in New York.

    Activist investor Carl Icahn became the top shareholder in mining company Freeport-McMoRan.

  • TORONTO, Aug 27- Freeport-McMoran Inc said on Thursday it will slash its mining capital budget by 25 percent next year and cut 10 percent of its U.S. mine staff, as the diversified miner and energy producer attempts to weather an ongoing slump in copper prices. This marks the latest in a string of cuts from the Arizona- based company, which earlier this month reduced...

  • TORONTO, Aug 27- Freeport-McMoran Inc said on Thursday it will slash its mining capital budget by 25 percent next year and cut 10 percent of its U.S. mining staff, as the diversified miner and energy producer attempts to weather an ongoing slump in copper prices. Shares of Freeport-McMoran, which will also suspend operations and lower production at some U.S. mines,...