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    market news

    Freeport’s First Quarter Profit Drops on Labor Issues

    Investing News Network
    Apr. 19, 2012 05:21PM PST
    Industrial Metals

    CBS News reported that profits for Freeport McMoRan (NYSE:FCX) fell due to labor disputes and lower production.

    CBS News reported that profits for Freeport McMoRan (NYSE:FCX) fell due to labor disputes and lower production.

    As quoted in the market news:

    Revenue fell 19 percent to $4.61 billion from $5.71 billion as sales declined for copper, gold and molybdenum. Average prices fell for copper and molybdenum.

    Click here to read the full CBS News report.

    market newsnyse:fcx
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