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Markets

Afterhours Leader in Focus: Freeport-McMoRan Inc. (NYSE:FCX)

The insider ownership percentage is the key indicator, can be used by investors, to measure the outlook of senior management has on their company. Insider ownership for the FCX is 0.30%. Institutional ownership refers to the ownership stake in a company that is held by large financial organizations, pension funds or endowments. The Institutional ownership […]

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Business FEATURED

The Coca-Cola Company (NYSE:KO) is in exclusive talks to pick up significant stake in Café Coffee Day

The Coca-Cola Company (NYSE:KO) is in exclusive talks to pick up a significant stake in Café Coffee Day (CCD) as the soft drinks giant looks to gain a foothold in the rapidly growing space and hedge risks associated with its core carbonated drinks business, said executives with knowledge of the matter.  Talks are in the early stages […]

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Health Markets

Akorn, Inc. (NASDAQ:AKRX) received warning letter from the Food and Drug Administration

Akorn, Inc. (NASDAQ:AKRX) said that it received a warning letter from the Food and Drug Administration related to the inspection of its Somerset, New Jersey manufacturing facility in July and August 2018. Akorn said it is committed to the highest standards of quality and compliance and will continue to work collaboratively with the FDA to resolve issues addressed […]

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Business Health

Bristol-Myers Squibb Company (NYSE:BMY) provided update on approval process with Celgene Corporation

Bristol-Myers Squibb Company (NYSE:BMY) provided an update on the approval process and timeline for the Company’s pending merger with Celgene Corporation. The Company remains actively engaged in discussions with the U.S. Federal Trade Commission (“FTC”) on the FTC’s continued review of the proposed transaction. To allow the transaction to close on a timely basis in light of […]

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Business Headlines

Freeport-McMoRan Inc. (NYSE:FCX) Indonesian unit aiming to start construction of copper smelter in mid-2020

The Indonesian unit of Freeport-McMoRan Inc. (NYSE:FCX) is aiming to start construction of a copper smelter in mid-2020. Pratama said the smelter is scheduled to start production late in 2023, with input capacity of 2 million tonnes of copper concentrate. Freeport agreed to build a copper smelter in Indonesia within five years of closing a deal last December with the […]