Carl Icahn takes top stake in Freeport-McMoRan

Acivist investor Carl Icahn is now Freeport-McMoRan Inc.'s biggest shareholder. On a day the Phoenix-based mining giant (NYSE: FCX) shared plans to cut capital spending in the next year and to shed about 10 percent of its workforce due to lower copper prices, Icahn reportedly scooped up 88 million shares of Freeport, reports CNBC...