CNBC's David Faber reports the latest details on Arrowgrass Capital Partners' opposition of FCX's takeover of Plains Exploration.
With reassurances that the Fed will keep on easing, markets turn their attention to the European Central Bank Thursday, hoping for a rate cut.
It’s time for the Lightning Round. Cramer makes the call on viewer favorites.
Jim Cramer criticizes two "astoundingly bad" deals in the oil patch.
The Dow and S&P finished higher Wednesday, boosted by a batch of upbeat economic reports and optimistic comments from China's new leader, while Apple's sharp drop pushed the Nasdaq into negative territory.
Apple fell 4 percent on heavy volume. The CEO of AT&T Mobility said 6.4 million smartphones had been sold the first two months of Q4, implying sales of about 9.4 million or so for the quarter.
On Wednesday, Freeport McMoRan made a massive bet on oil and gas with a $9 billion acquisition of two energy companies. Is there’s something wrong with Freeport’s copper business?
Take a look at some of Wednesday's midday movers:
Freeport-McMoran bought Plains Exploration and McMoran Exploration -- a company in which it already owns a partial stake -- in two deals worth a combined $9 billion.
Here are Wednesday's morning movers.
*Credit Suisse raises Range Resources Corp price target to $82 from. *Credit Suisse raises Anadarko Petroleum Corp price target to $99 from. *Credit Suisse raises Devon Energy Corp price target to $78 from $74.
Oct 12- Plains Exploration& Production Co:. *BMO starts Plains Exploration& Production Co with outperform rating;. Reuters Station users, click. 1568.
*Credit Suisse raises Plains Exploration& Production Co. *Credit Suisse raises Range Resources Corp price target to $82. *Credit Suisse raises Anadarko Petroleum Corp price target to $99.
Oct 5- The Trust For Public Land:. *The trust for public land-agreement with Plains Exploration& Production to. *The trust for public land-currently working to raise the $8.75 million needed.
CHEYENNE, Wyo.-- A land conservation group has reached a long-sought agreement with a petroleum company to prevent a controversial gas drilling project inside a national forest by buying out a vast area of federal oil and gas leases in northwest Wyoming.
HOUSTON, Oct 3- An exploration and production resurgence in the Gulf of Mexico two years after a six-month drilling shutdown because of the BP Plc oil spill is expected to increase output nearly 43 percent by 2019, energy consultancy Wood Mackenzie said on Wednesday.
*FBR raises Comstock Resources price target to $26 from $15. *FBR raises Devon Energy Corp price target to $80 from $70. *FBR raises Cimarex Energy Co price target to $72 from $57.
Oct 2- Plains Exploration& Production Co:. *Pxp provides production and Gulf of Mexico acquisition financing updates. *Q3 preliminary daily sales volumes averaged about 105,000 barrels of oil.
Don't think that everything is the same, that stocks only move in tandem up or down. True, correlations are unusually high, but even in a space like retail there are plenty of winners and losers.