Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) said Thursday that it has resolved a labor dispute with PT Freeport Indonesia workers at its Grasberg mining and milling operations, but that the work stoppage will cost the company production and sales of a significant amount of copper and gold.
Chevron on Thursday continued its attempts at not paying billions in environmental fines for pollution the company says it didn't commit.
Cisco Systems (Nasdaq: CSCO), the No. 1 provider of Internet gear, said it plans to acquire NDS of the UK in a move to bolster its growing presence in media communications.
Shares of Apple hit $600 for the first time, boosting the computer and electronics developer’s market capitalization above $560 billion.
The oil and natural gas industries await the outcome of a battle between federal regulators and proponents of hydraulic fracturing, or fracking -- a debate that's already center stage in Pavillion, Wyo., where the drilling practice has raised safety concerns.
The conservative radio host provoked the advertiser pullout by calling law student Sandra Fluke a slut and a prostitute after she had discussed with members of Congress her support of insurance coverage for contraceptives.
The top aftermarket NYSE gainers Wednesday were: Callon Petroleum, Newcastle Investment, Covanta Holding, Rite Aid Corp, Office Depot and Basic Energy Services. The top aftermarket NYSE losers were: Guess?, YPF SA, SandRidge Permian Trust, Monster Worldwide, WMS Industries and Primus Telecommunications Group.
Chevron, the second largest oil and natural gas company in the U.S. is hoping to resume offshore drilling in Brazil as soon as possible.
Shares of Citigroup (NYSE: C) fell more than 4 percent Wednesday after the Federal Reserve said the No. 3 U.S. bank flunked a “stress test” of its financial viability.
GE was trading up $1.29 percent on Wednesday to $19.84 on a report from Credit Suisse analysts Julian Mitchell, Charles Clarke and Jonathan Shaffer which estimates that GE Capital will soon resume paying a dividend to its parent company, resulting in higher shareholder returns.
Reynolds American Inc. (NYSE: RAI), the second-largest U.S. tobacco company, said Wednesday it would eliminate 10 percent of its workforce, or around 540 workers, by the end of 2014 in order to save money and refocus its business.
The inspector general for the U.S. Department of Housing and Urban Development said banks involved in the nationwide settlement on foreclosure practices significantly hindered its investigation.
Shares of Apple (Nasdaq: AAPL) kept surging Wednesday even after the company was subpoenaed by Washington after two more analysts raised price targets.
Wal-Mart Stores Inc.(NYSE: WMT), the world's largest retailer, will allow customers to convert DVDs and Blu-ray discs to digital files starting April 16, the company said Wednesday.
UnitedHealth Group Inc. (NYSE:UNH), the biggest U.S. health insurer by revenue, said it was partnering with a Dubai-based insurance company to provide service throughout the Middle East. The announcement is further proof of an ongoing trend for U.S. health insurers, who are looking to expand internationally in the face of some business uncertainty at home.
One of the oldest neighborhoods in Manhattan may soon get closer to nature. SHoP Architects and mall operator Howard Hughes Corp. (NYSE:HHC) unveiled an emerald proposal for the Pier 17 mall on the South Street Seaport last Thursday that will ease the historic district into the present.
Apple (Nasdaq: AAPL), the iPad developer, received a subpoena from the U.S. Federal Trade Commission as part of its probe into practices of Google (Nasdaq: GOOG), a report said.
In a resignation letter published in the New York Times, Greg Smith said he was disgusted at how the Wall Street firm valued making money from clients over trying to help them. But Goldman and its chief executive said the ex-executive's criticisms weren't reflective of the firm.
The top aftermarket NYSE gainers Tuesday were: Guidewire Software, Harvest Natural Resources, Regions Financial Corp, Cliffs Natural Resources, Guess?, Inc, and Navistar International Corp. The top aftermarket NYSE losers were: Medifast, RPC, Solutia Inc, Noranda Aluminum Holding, CIT Group and MetLife.
JPMorgan Chase and Co. (NYSE:JPM) announced Tuesday afternoon it would be raising the dividend payout to shareholders and engaging in a sizable stock buyback program, in a show of balance sheet strength coming just days after the bank was green-lighted through the Federal Reserve's now-yearly "stress tests." The markets rallied.
JPMorgan Chase and Co. (NYSE:JPM) announced Tuesday afternoon it would be raising the dividend payout to shareholders and engaging in a sizable stock buyback program, in a show of balance sheet strength coming just days after the bank was green-lighted through the Federal Reserve's now-yearly "stress tests." The markets rallied.
Shares of Intel (Nasdaq: INTC) were near their record high after reports the No. 1 chipmaker is trying to create a virtual TV service for the consumer sector.