Copper titan to buy oil interests

Freeport deal set at $9 billion

Posted: December 6, 2012 at 3:53 a.m.

Freeport-McMoRan Copper & Gold Inc., the world’s largest publicly traded copper producer, agreed to buy Plains Exploration & Production Co. and McMoRan Exploration Co. for about $9 billion as the company returns to its roots in energy.

This story is only available from our archives.

Business, Pages 25 on 12/06/2012


« Previous Story

U.S. service-sector gauge up a bit

An employee of Nautic Global Group welds an end cap onto an aluminum pontoon at a factory in Elkhart, Ind., on Tuesday. Orders in October for business equipment such as machinery and communications gear rose more than previously estimated, the Commerce Department said.

U.S. service companies grew at a slightly faster pace in November because sales and new orders rose. Read »

Next Story »

Mississippi’s drop less than feared

Tows ply the Mississippi River south of St. Louis in late November in this photo provided by the U.S. Coast Guard. Months of drought have left the Mississippi near historic low levels between St. Louis and Cairo, Ill.

A revised Mississippi River forecast offered a bit of a reprieve for shippers Wednesday, showing the water lev... Read »