Miner Phelps Dodge (PD) reported a big jump in fourth-quarter earnings amid higher copper prices.
The company, which is in the process of being acquired by Freeport McMoRan (FCX) , earned $1.32 billion, or $6.50 a share, in the December quarter.
Excluding certain items, earnings were $4.71 a share. Analysts polled by Thomson First Call […]
Ballooning mortgage payments and sky high energy bills look set to exert yet more pressure on shoppers already saddled with record credit card bills.
The outcome could be messy with the gap between the sector’s mutts and the best of breed becoming more pronounced.
‘I think (last week’s) interest rate rise surprised most people,’ said […]
LONDON (AFX) - The yen continued to find good support in the European trading session, firming to levels not seen since mid-December against the euro, dollar and pound, as carry trades continued to unwind.
The unwinding of carry trades — when investors borrow in low-yielding currencies to invest in higher yielding assets elsewhere — has been […]
But the also said it will be cutting costs by shedding 300 staff over the next three years, reducing its workforce to 2500.
City firms reacted with concern at the fee increase, which is needed because the FSA’s budget for 2007-8 is going up by 10.1%, or 27.6m. to 301.7m.
John Tiner, who will […]
Supreme Court to Hear Stocks Lawsuit Supreme Court to Hear Lawsuit Against Wall Street Firms Accused of Price Manipulation By PETE YOST The Associated Press
WASHINGTON - The Supreme Court agreed Thursday to consider a lawsuit against major Wall Street firms accused of conspiring to manipulate prices on newly issued shares during the stock market […]