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Applied Materials to Cut as Many as 1,300 Jobs

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    FBN’s Robert Gray on Applied Materials cutting as many as 1,300 jobs from its global workforce.

  • Duration 0:54
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I'm Robert -- with your Fox Business -- applied materials says -- -- cut as many as thirteen hundred jobs from its global workforce.

Another voluntary retirement program and -- of climate plan represents up to 9%.

Of employees.

Murphy Oil stock may see a more than 60%.

Pop from its current levels that's according to hedge fund manager Daniel Loeb who own shares in Murphy Oil.

In a letter to his hedge fund investors -- outline the changes Murphy could make to make that happen.

Murphy Oil as one of -- points largest positions in its nine point three billion dollar portfolio.

-- Carlyle group is getting into the commodities game the buyout group purchased a majority stake of 55%.

In hedge fund manager for millions as it looks to expand beyond private equity for really manages more than two billion dollars that invests in a variety of commodities.

That is the latest from the Fox Business Network giving you.