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...Short-term loans made through the iPhone maker’s new Apple Pay Later service will be made through a wholly owned subsidiary, Apple Financing LLC....
...investments “may have also lost value in the fourth quarter and so far in 2016 due to declining markets and the significant deterioration in commodity-related investments (including Chesapeake, Cheniere, and Freeport-McMoRan...
...Copper miner Freeport was the worst performer on the S&P 500 as its shares fell 12 per cent to $3.80 — the lowest level since 2000....
...The San Francisco based group joins a handful of other US companies that have been stripped of their investment-grade rating by S&P this year including, including copper miner Freeport McMoRan and oil exploration...
...A number of the world’s largest miners, including Glencore, Freeport-McMoRan and Anglo American, have already suspended dividend payments as they try to survive the downturn in prices....
...Meanwhile, embattled energy and mining companies, like Freeport-McMoRan and Chesapeake Energy are seen as the biggest earnings laggards....
...But the courts are also scrutinising other types of alleged misbehaviour Earlier this year Credit Suisse paid a $16m settlement to settle charges over its work for mining group Freeport-McMoRan....
...Freeport-McMoRan again claimed the position of the heaviest faller on the S&P, dropping 8.2 per cent to $9.77. The copper and gold producer has fallen almost 60 per cent since April....
...For rivals, the two continuing apart removes the threat of a bigger competitor with the balance sheet to go on the offensive – with Anglo American, Freeport-McMoRan, ENRC and First Quantum among the possible...
...Newmont Mining added 2.3 per cent to $55.88 and Freeport-McMoRan rose 2.9 per cent to $41.47 Gains in the Nasdaq Composite, which rose 1.2 per cent to 3,101.17, were driven by Apple , which accounts for...
...I think there will be transactions,” Richard Adkerson, chief executive of Freeport McMoRan, the world’s largest listed copper company, said in interview with the Financial Times....
...Massey Energy , the coal miner, was up 0.9 per cent to $69.87 while Freeport-McMoRan , the copper miner, added 1.3 per cent to $55.77. The S&P materials sector was up 0.7 per cent....
...Freeport-McMoRan Copper & Gold gave up 0.7 per cent to $118.75 while Newmont Mining declined by 3.3 per cent to $59.08. But there were some bright spots in materials....
...Gold companies, which have risen this week with the price of gold, continued to climb, with Freeport-McMoRan Copper & Gold up 2.8 per cent to $86.61....
...The S&P 500 Materials sector fell 3.4 per cent, with aluminium producer Alcoa down 6.1 per cent at $10.66, iron ore producer Cliffs Natural Resources losing 5 per cent to $58.02 and Freeport-McMoRan Copper...
...Freeport Indonesia is the largest single taxpayer to the Indonesian government....
...Freeport McMoRan, which mines copper, lost 11.3 per cent to $45.18. Prices of other metals also fell, bringing down shares in the companies that produce them....
...Freeport McMoRan, which mines copper and gold, rose 5.7 per cent to $50.91. Its rival Newmont Mining gained 3.4 per cent to $40.45. Energy stocks were higher as the price of oil jumped....
...Freeport-McMoRan rose to a record high of $84.90 amid higher copper prices and news that the miner will sell some assets. Shares in the company gained 10.8 per cent to $84.42 this week....
...There is the added chance that, in today’s exuberant debt and metals markets, Freeport could feasibly be pushed higher....
...the US hedge fund group, yesterday launched an activist campaign against the management of Phelps Dodge, potentially throwing a wrench into the mining company’s plans to be taken over for $26bn by rival Freeport...
...Freeport was up 0.15 per cent to $61.90....
...Freeport shares rose 8 per cent to $62.01, after a drop to $55.28 when the deal broke....
...Hedge fund SAC Capital Advisors LLC has bought a stake in the miner, and said it would oppose Freeport-McMoRan’s planned purchase of the company. Shares in Freeport fell 0.7 per cent at $61.35....
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