Rio Tinto: $14 Bln Write-Downs, CEO Quits — Market Shrugs
Bloomberg News Fallen on sword It’s been quite a day for Rio Tinto (RIO), the world’s second-largest mining company. This morning it announced $14 billion in write-downs related to aluminum, coal and smaller assets and the immediate resignation of its CEO Tom Albanese. But what’s surprising at first glance is that the news seems to [...]
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