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Stocks Freeport-McMoRan Inc

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  • Aug 27- Diversified U.S. miner and energy producer Freeport-McMoran Inc said it would cut 10 percent of its U.S. mining workforce and lowered the amount it plans to spend on mining in 2016 by 25 percent to $2 billion as commodity prices continue to fall. The company, which operates seven open-pit copper mines in North America, plans to suspend mining at its Miami...

  • PHOENIX— Activist investor Carl Icahn said late Thursday that he has taken an 8.5- percent stake in Freeport-McMoRan, just hours after the mining company announced cost cuts and lower spending in response to declining copper prices and soft economic conditions worldwide. According to FactSet, Icahn is now Freeport-McMoRan's largest shareholder.

  • Freeport-McMoran lowers 2016 mining capex, to cut jobs Thursday, 27 Aug 2015 | 8:20 AM ET

    Aug 27- Diversified U.S. miner and energy producer Freeport-McMoran Inc said it would lower its capital budget for mining in 2016 by 25 percent, or $700 million, as commodity prices continue to weaken.

  • Asian stocks rise after US data calms investor nerves Thursday, 27 Aug 2015 | 12:49 AM ET

    Investors were in a buying mood again on Thursday, driving U.S. stocks higher for the second straight day as they took advantage of this month's sell-off. Energy stocks surged as the price of U.S. oil jumped more than 10 percent, closing back above $40 a barrel. "Asset prices sold off so much and so drastically, people went in and did start to bottom-fish," said David Lyon,...

  • *Copper jumped more than 2 pct on Tuesday. LONDON, Aug 26- Copper fell by 2.5 percent on Wednesday, wiping out the previous session's gains, on concern that Beijing's interest rate cuts might not be enough to avert a China- led slowdown in the global economy. "When investor sentiment is as poor as it is, prices can always go lower; but the reaction is overdone. premiums in...

  • MANILA, Aug 26- London copper futures retreated on Wednesday after gaining more than 2 percent overnight as worries persisted over the outlook for demand in top consumer China despite its latest step to boost a slowing economy. *The most-traded October copper contract on the Shanghai Futures Exchange rose 1.7 percent to 39,200 yuan a tonne, off a peak of 39,600...

  • Cramer Remix: Market mechanics can't be trusted Tuesday, 25 Aug 2015 | 7:13 PM ET
    Jim Cramer on the set of Mad Money

    “Mad Money” host Jim Cramer says mechanics can’t be trusted, but he’s revealing what can.

  • Cramer: Time to dump your danger stocks Tuesday, 25 Aug 2015 | 6:28 PM ET
    China manufacturing

    Jim Cramer wants investors to use a market bounce to put these stocks on the chopping block.

  • JAKARTA, Aug 21- Indonesia's PT Timah, the country's top tin miner, has been granted government clearance to resume exports and will look to make its first shipment by early September, company and government officials said on Friday. State-owned PT Timah halted exports when new rules for shipments were introduced on Aug. 1, and like other tin miners in the world's...

  • Metals Playbook: Copper Crush Wednesday, 19 Aug 2015 | 4:04 PM ET
    A trader at the New York Mercantile Exchange.

    How to trade the copper crush? Buy long-term options on the world's number one copper producer

  • *Wal-Mart drops to 2-1/ 2 year low after weak results. Aug 18- U.S. stocks fell on Tuesday, with the S&P 500 trading in its tightest daily range in nearly a month, weighed down by earnings-related selling in Wal-Mart and a drop in commodity stocks on concerns about China's economy. Wal-Mart fell 3.4 percent to close at $69.48, its lowest in nearly 2-1/ 2 years, after its...

  • *Wal-Mart hits over 2 year low after weak results. Aug 18- U.S. stocks fell in early afternoon trading on Tuesday, dragged down by Wal-Mart's weaker-than-expected results and a selloff in energy and material shares on renewed fears about China. Wal-Mart fell as much as 3.3 percent to a nearly 2-1/ 2 year low of $69.55 after its weak results and forecast.

  • LONDON, Aug 14- Copper slipped on Friday in response to a stronger dollar and weak demand, even though there was relief that China's central bank appeared to have stopped guiding the yuan lower, returning some buying power to metal importers. The metal has had a volatile week, hitting a six-year trough of $5,062 a tonne in the wake of China's currency moves.

  • LONDON, Aug 14- Copper steadied on Friday as investor concerns over weak summer demand were offset by relief that China's central bank had stopped guiding the yuan lower, returning some buying power to Chinese importers of the metal. A weaker yuan makes imports for China, the world's top metals consumer, more expensive. It hit a six-year trough of $5,062 a tonne...

  • LONDON, Aug 12- Nickel, copper and aluminum recovered on Wednesday from six-year lows hit earlier in the session after China allowed the yuan to weaken further, prompting fears that metals demand from the world's top buyer would wither. Copper plunged to $5,062 but ended up 1.3 percent at $5,189.50, while aluminum sank to $1,553.50 but ended up 0.1 percent at...

  • LONDON, Aug 12- Nickel, copper and aluminium hit six-year lows on Wednesday after China pushed the yuan lower again, prompting fears that metals demand from the world's top buyer would wither and sending nickel down 15 percent. Copper plunged to $5,062 but later traded up 0.2 percent at $5,135, aluminium sank to $1,553 a tonne but later traded down 0.1 percent at...

  • MELBOURNE, Aug 12- London nickel, copper and aluminum jolted to six-year lows on Wednesday as jitters intensified that China's currency devaluation would corrode demand, with chart based-selling smashing nickel down 15 percent before prices recovered. Beijing shocked global markets on Tuesday, a move billed as market reform but which some experts say could...

  • MELBOURNE, Aug 12- London nickel, copper and aluminium bolted to six-year lows on Wednesday as jitters intensified that China's currency devaluation would corrode demand, with chart based-selling smashing nickel down 15 percent before prices revived. Benchmark nickel on the London Metal Exchange crashed through stops at July 2015 lows, and then the $10,000...

  • JAKARTA, Aug 12- Freeport-McMoRan has stopped exporting since last month from one of the world's largest copper mines that it runs in Indonesia, a spokesman said on Wednesday, as the U.S. miner awaits approval from the trade ministry. Riza Pratama, a spokesman for the company's Indonesia unit, confirmed in a text message to Reuters that exports had stopped since "...

  • JAKARTA, Aug 12- Freeport-McMoRan has stopped exporting since last month from one of the world's largest copper mines that it runs in Indonesia, a spokesman said on Wednesday, as the U.S. miner awaits approval from the trade ministry. Riza Pratama, a spokesman for the company's Indonesia unit, confirmed in a text message to Reuters that exports had stopped since "...