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Top News & Analysis Phoenix

  • JAKARTA, Feb 18- Chappy Hakim, chief executive of miner Freeport-McMoran Inc's Indonesian unit, has resigned, the company said on Saturday, after the parent firm declared force majeure on copper concentrate shipments from its Grasberg mine in Papua. Freeport was the second big copper producer in a week to declare force majeure, after BHP Billiton did so on Feb. 10...

  • JAKARTA, Feb 18- Chappy Hakim, the chief executive of miner Freeport-McMoran Inc's Indonesian unit, has resigned, the company said on Saturday, after the parent firm declared force majeure on copper concentrate shipments from its Grasberg mine in Papua. Freeport was the second big copper producer in a week to declare force majeure, after BHP Billiton did so on Feb....

  • TORONTO, Feb 17- Freeport-McMoRan Inc has declared force majeure on "nearby deliveries" of copper concentrate from its suspended Grasberg mine in Indonesia, Metal Bulletin reported on Friday, citing unnamed sources. A more than month-long export suspension brought production at the giant Grasberg mine in Papua, Indonesia, to a standstill last week.

  • Delta Air Lines planes at John F. Kennedy Airport in New York City.

    Delta said Thursday it will start serving meals to all passengers on 12 long-haul routes over the next several weeks.

  • PHOENIX _ Grand Canyon Education Inc. on Thursday reported fourth-quarter net income of $48 million. For the current quarter ending in April, Grand Canyon Education said it expects revenue in the range of $244.5 million. Grand Canyon Education shares have dropped almost 2 percent since the beginning of the year.

  • But free meals in economy have remained scarce except on international flights and ones to Hawaii— American gives passengers a sandwich box on some flights to the islands, and Delta began offering free meals on Honolulu flights last August. Delta tested free meals on routes between New York and California last year. Lisa Bauer, the airline's vice president of...

  • Feb 16- The Dow Jones Industrial Average scored its sixth straight record high on Thursday, but just barely, while the S&P 500 edged lower due to declining energy stocks. Signs of an improving economy and promises by President Donald Trump to cut corporate taxes and reduce financial regulations have been behind much of the recent gains. "Some of the excitement and...

  • PHOENIX _ Republic Services Inc. on Thursday reported fourth-quarter profit of $189.5 million. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 55 cents per share. Republic Services expects full-year earnings in the range of $2.32 to $2.36 per share.

  • MSCI's All-Country World index hit an intraday record of 444.94, although stocks on Wall Street dipped as the financial sector, down 0.1 percent, snapped a five-session winning streak and energy stocks slumped 1.4 percent. Other data showed improvements in exports from Indonesia and Taiwan, and falling unemployment in Sweden and the Netherlands.

  • Feb 16- Wall Street dipped on Thursday, weighed down by energy stocks as oil prices dropped and banks fell broadly for the first time in six days. Wells Fargo, Bank of America, JPMorgan and Citigroup weighed more than any other stocks on the S&P 500, which has hit a string of record high in recent sessions on signs of an improving economy and promises by President...

  • *All work at Grasberg stopped except maintenance- union. JAKARTA, Feb 16- All work has stopped at Freeport-McMoRan Inc's giant copper mine in Indonesia and its workers are planning a demonstration against the government's move last month that halted exports of copper concentrate to boost domestic industries, a union said. Thousands of workers plan to stage a...

  • *All work at Grasberg stopped except maintenance- union chief. JAKARTA, Feb 16- All work has stopped at Freeport-McMoRan Inc's giant copper mine in Indonesia, a worker union said on Thursday, just over a month after the country halted exports of copper concentrate to boost domestic industries. Thousands of workers planned to stage a demonstration on Friday in...

  • Fine restaurants in New York, San Francisco and the nation's capital closed for the day. Grocery stores, food trucks, coffee shops, diners and taco joints in places like Chicago, Los Angeles and Boston shut down. I don't know if my mom will make it home, "said Hessel Duarte, a 17- year-old native of Honduras who lives in Austin, Texas, with his family and skipped class at his...

  • JAKARTA, Feb 14- Freeport-McMoRan Inc has halted production of copper concentrate in Indonesia and has begun to send home workers at Grasberg, the world's second-largest copper mine, a spokesman for the company's local unit said. Indonesia introduced rules on Jan 12 that restrict copper concentrate exports from the country in an effort to promote the...

  • LOS ANGELES— Advocacy groups and the White House say that people suspected of living in the United States illegally are being rounded up in large numbers as part of stepped-up enforcement under President Donald Trump. Advocates cited what they call heavy-handed raids in Atlanta, Chicago, New York, Texas and North Carolina and elsewhere. Yet officials from...

  • PHOENIX _ ON Semiconductor Corp. on Sunday reported fourth-quarter net income of $110.9 million. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of 23 cents per share. For the current quarter ending in April, ON Semiconductor Corp. said it expects revenue in the range of $1.22 billion to $1.26 billion.

  • PHOENIX— An Arizona lawmaker has proposed legislation requiring the state to cut its vehicle fleet by 20 percent and to launch a program that could use ride-hailing services like Uber or Lyft or other companies to provide transportation for state workers. Jeff Weninger, R- Chandler, said the state government owns too many vehicles. Weninger previously served...

  • JAKARTA/ TORONTO, Feb 10- Freeport-McMoRan Inc said on Friday that an export ban remains in place at its copper mine in Indonesia, the world's second-biggest, because it has not yet reached agreement with the government on a new mining permit. The government banned copper concentrate exports Jan. 12 to try and boost Indonesia's smelter industry.

  • JAKARTA/ TORONTO, Feb 10- Freeport-McMoRan Inc said on Friday an export ban remains in place on its copper mine in Indonesia, the world's second-biggest, because it has not yet reached agreement with the government on a new mining permit. The southeast Asian country banned copper concentrate exports Jan. 12 to try and boost the local smelter industry.

  • JAKARTA, Feb 10- Indonesia has issued a new mining permit for the local unit of Freeport McMoRan Inc, government officials said on Friday, signaling the possible end to a month-long suspension of exports from the world's second-biggest copper mine. Indonesia halted Freeport's exports of copper concentrate on Jan. 12, a suspension Freeport said would reduce...