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$FCX said its BoD has suspended the annual common stock dividend of $0.20 per share. This will provide cash savings of about $240MM per annum. $FCX has decided to amend its net debt/EBITDA leverage ratio from the previous limit of 4.75x to 5.5x at December 31, 2015, 5.9x for 1H16, stepping down to 5x by 2016-end and 4.25x in 2017.
Any idea why some investors are happy about the disastrous $UA results??
Wow! GM killed it with earnings today! Did not expect this after $F gave the feeling it will eclipse the Chevy maker completely!
Oil rebound starting to show up in energy stocks. $XOM $CVX
I have a feeling "CLOUDy" days are ahead, with $AMZN leading the pack.
$AAL is giving pay hikes to its employees but investors are sulking.