Chemicals; Construction Materials; Containers & Packaging; Metals & Mining; Paper & Forest Products


Freeport-McMoRan Announces Cost Reduction Plans

Freeport-McMoRan (NYSE: FCX) announced it has undertaken a comprehensive review of its operating plans in its mining and oil and gas businesses to target significant additional reductions in capital spending and operating and administrative costs in response to weak market conditions for its major products.
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Freeport-McMoRan Shares Slide in Wake of Earnings Report; Charges Mask Copper Gains

Freeport-McMoRan (NYSE: FCX) reported a net loss attributable to common stock of $1.85 billion, $1.78 per share, for second-quarter 2015 and $4.3 billion, $4.16 per share, for the first six months of 2015, compared with net income attributable to common stock of $482 million, $0.46 per share, for second-quarter 2014 and $992 million, $0.95 per share, for the first six months of 2014.
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Free Report

George Putnam has suceessfully invested in distressed companies for nearly 30 years and The Turnaround Letter's market-beating returns demonstrate the profit potential. He knows all the pitfalls, too--which he shares in this free report!

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stock market advice

Distressed Investing Blog

Distressed Investing Blog

Post-Bankruptcy Investing & Chapter 22s: Iconic Branding Alone is Not Enough

The key to evaluating troubled companies with strong brands is figuring out the cause of their difficulty and determining if it can be fixed. In many cases, the company will have taken on too much debt but will still have a strong core business. Read More.

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