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Chicago Mercantile Exchange › (CME:LH.J13)

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Today's Financial News

Shares of Freeport-McMoRan rise after Icahn buys stake and announces cost-cutting plans

1 day ago

NEW YORK (AP) — Shares of Freeport-McMoRan jumped Friday, a day after it announced cost-cutting plans and activist investor Carl Icahn disclosed that he bought a stake in the mining company. Icahn said he wanted to discuss cuts in Freeport-McMoRan's operations and capital spending. He also might seek representation on the board of the Phoenix-based company.

Appeals court sides with Obama administration in dispute over bulk collection of phone records

1 day ago

WASHINGTON (AP) — A federal appeals court on Friday ruled in favor of the Obama administration in a dispute over the National Security Agency's bulk collection of telephone data on hundreds of millions of Americans. But the impact of the appeals court's ruling is uncertain because Congress has passed legislation designed to replace the program over the next few months. The appeals court sent the case back for a judge to determine what further details about the program the government must provide.

Ashley Madison CEO leaves company in wake of hacking, leak of member information

1 day ago

NEW YORK (AP) — The CEO of the company that runs adultery website Ashley Madison is stepping down in the wake of the massive breach of the company's computer systems and outing of millions of its members. "This change is in the best interest of the company and allows us to continue to provide support to our members and dedicated employees," Avid Life's statement reads. "We are steadfast in our commitment to our customer base."

Judge says records will be unsealed in 38 Studios lawsuit, including officials' depositions

1 day ago

PROVIDENCE, R.I. (AP) — All records will be unsealed in the lawsuit over Rhode Island's failed $75 million deal with ex-Boston Red Sox pitcher Curt Schilling's video game company 38 Studios, a judge ruled Friday. Silverstein also is considering whether to approve a partial settlement in the lawsuit filed against Schilling and others in an attempt to recover at least some of the money Rhode Island stands to lose because of the state loan guarantee it promised the company to move from Massachusetts to Rhode Island.

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