Boston, MA, 02/21/2014 – Twenty-First Century Fox Inc (NASDAQ:FOXA) along with other broadcasters sighed relief on Wednesday after a Federal judge in Utah gave the broadcasters injunction against Aereo Online TV. While issuing injunction to the broadcasters including Twenty-First Century, the U.S. DistricJusdge noted that the broadcasters have shown the facts that can prove copyright infringement by Aereo.Therefore, the injunction barres the Aereo to retransmit programs across a bunch of U.S. States, impacting its customers in Denver and Salk Lake City area. Aereo has been retransmitting the broadcaster’s programs, without paying them, to its subscribers for a cheap monthly fee. The representative of Twenty-First Century Fox Inc (NASDAQ:FOXA) said that the judgement is a significant victory for both content owners and broadcasters.
Hecla Mining Company (NYSE:HL) presented its fourth quarter reports on Wednesday, posting earnings per share at breakeven, in line with the market estimates, but missed the revenues by $7.1 million as it stood at $114.18 million. But, unlike other miners who are resorting to reserve cuts to balance the fall in metal prices, Hecla is doing the contrary, by reporting a 190% and 13% rise in its gold and silver reserves respectively.The increased gold output through its acquisition of Aurizon mines helped cutting down its costs. Experts believe that Hecla Mining Company (NYSE:HL)’s improving revenue numbers and constant production growth sets it in a significant position in the market and it is anticipated to excel over its peers.
As Indonesia’s government gives a go ahead signal to nine miners to export processed minerals and refined metals, Freeport-McMoran Copper & Gold Inc. (NYSE:FCX) stated on Thursday that it did not receive the approval. The Arizona-based copper and gold miner operates the huge Grasberg mine in Papua, located in Indonesia. The company’s shipments are grounded for over a month now, since the Indonesian government introduced upto 60% export tax which, according to Freeport-McMoran Copper & Gold Inc. (NYSE:FCX) is breach of its contract.