Freeport-McMoRan Copper & Gold Inc. found a quick way to spend part of the $3.1 billion it will make from yesterday’s sale of Texas properties, announcing plans today to acquire Apache Corp.’s stakes in deep-water Gulf of Mexico projects for $1.4 billion.
Glencore Xstrata Plc, the mining company run by billionaire Ivan Glasenberg, is set to name former BP Plc Chief Executive Officer Tony Hayward as its new chairman, according to a person familiar with the decision.
Encana Corp., the Canadian energy producer seeking to boost investor returns by shifting toward crude, is doubling its oil output with a $3.1 billion purchase of shale lands from Freeport-McMoRan Copper & Gold Inc.
More than half the U.S. population lives in coastal areas that are “increasingly vulnerable” to the effects of climate change, which will ripple throughout the U.S. economy, a White House advisory group’s report concluded.
Anadarko Petroleum Corp., the global explorer that discovered more than 6 billion barrels of oil and natural gas in the past decade, said first-quarter profit fell as a $5 billion legal settlement tempered profit from higher output.
General Motors Co. held preliminary talks over injury and death claims stemming from defective ignition switches, the same day company lawyers went to court in New York to fend off car owners seeking economic damages from its massive recall.
General Motors Co. held settlement talks over injury and death claims stemming from defective ignition switches that led to the recall of millions of vehicles, according to an attorney who is suing the company.