On Wednesday, Shares of Freeport-McMoRan Inc. (NYSE:FCX), lost -4.20% to $15.06, hitting its lowest level.
Freeport-McMoRan declared changes to its mining and oil and gas organizational structure to implement raised responsibilities for certain members of its senior administration team. These changes reflect the professional growth and development of these senior managers and are designed to enhance the efficiency of the Freeport-McMoRan organization.
FCX is happy to report that Harry M. “Red” Conger has been named President and Chief Operating Officer – Americas and Africa Mining. In this role, Red will continue to have operational responsibility for the Americas and will expand his responsibilities to comprise FCX’s Africa mining operations and the Climax Molybdenum business.
Mark J. Johnson will continue in his present role as FCX’s senior operating officer responsible for Indonesian operations as President and Chief Operating Officer – Indonesia and will continue his present responsibilities for global mine planning.
Freeport-McMoRan Inc., a natural resource company, engages in the acquisition of mineral assets, and oil and natural gas resources. It primarily explores for copper, gold, molybdenum, cobalt, silver, and other metals, in addition to oil and gas.
Shares of United Continental Holdings, Inc. (NYSE:UAL), inclined 1.97% to $57.07, during its last trading session.
United Airlines issued the following statement recently after the reopening of the U.S. Embassy in Havana, Cuba and the Cuban Embassy in Washington, D.C.
“United Airlines congratulates the U.S. and Cuban governments on the historic reopening of their embassies recently in both countries’ capitals, which have been closed for more than a half century. We look forward to ongoing our constructive dialogue with both governments about providing our customers service between our two nations, subject to government approval.”
United Continental Holdings, Inc., together with its auxiliaries, provides air transportation services in North America, the Asia-Pacific, Europe, the Middle East, Africa, and Latin America.
Finally, CME Group Inc. (NASDAQ:CME), ended its last trade with 0.24% gain, and closed at $98.94.
CME Group, and Multi Commodity Exchange of India Limited (MCX), India’s leading commodity exchange, recently signed a Memorandum of Understanding (MOU) on various cooperation activities and potential business opportunities, counting a joint viability study of setting up operations in an International Finance Service Center in India.
Under this MOU, various initiatives between CME Group and MCX will also comprise the establishment of a joint working group to explore opportunities to develop and market new products and services for the US and Indian markets, in addition to partnership on customer education.
At the same time, CME Group and MCX also declared the extension of the licensing agreement, which enables MCX to settle their rupee-denominated oil and gas contract to CME Group’s NYMEX prices.
CME Group Inc., through its auxiliaries, operates contract markets for the trading of futures and options on futures contracts worldwide. It offers a range of products for trading and/or clearing across various asset classes, based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities, and metals.
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