Rio Tinto (RIO) hikes after writedown
Normal 0 false false false MicrosoftInternetExplorer4 Rio Tinto PLC (NYSE: RIO) shares rose 2.4% to $56.14, bouncing back from losses seen the prior day following the exit of the company’s chief executive and a $14-billion U.S. impairment charge. Goldman Sachs said Friday that the company may be looking to make investors happy now after that news, which could come in the form of a buyout. Share volume was 54,000, compared to an all-day average of 390,000 /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin:0in; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:10.0pt; font-family:"Times New Roman"; mso-ansi-language:#0400; mso-fareast-language:#0400; mso-bidi-language:#0400;}
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