Rio Tinto Plans $6.2 Billion Investment in Guinea Iron Ore Project
Rio Tinto’s single biggest investment over the next few years is likely to be a huge African iron ore project that could reshape global supplies of the steelmaking ingredient.
British American Tobacco Sees GBP25 Billion Impairment on U.S. Brands Pressure
British American Tobacco said it expects a one-off impairment of around GBP25 billion this year due to market pressure on some of its combustibles brands in the U.S. as it tries to increase revenue from nontraditional tobacco products.
Elon Musk’s AI Startup Seeks to Raise $1 Billion
The billionaire’s company, xAI, has built a bot to compete with ChatGPT.
Apple is a $3 trillion company again, for the first time since August
Apple’s stock is up 49% so far in 2023, but other big tech stocks have enjoyed bigger gains.
Mastercard Raises Dividend; Board Authorizes $11 Billion Share-Repurchase Plan
Mastercard last raised its dividend, to 57 cents, in December 2022.
RBC Fined C$7.5 Million Over Money-Laundering Lapses
Canada’s financial-intelligence agency said it has fined Royal Bank of Canada for failing to comply with the country’s rules aimed at deterring money laundering.
FTC Investigates Exxon’s $60 Billion Deal for Pioneer
The regulator is seeking more information from the oil producers about the proposed merger.
Wednesday’s Republican Debate Is Opportunity to Shine for NewsNation
Co-moderators of the fourth presidential primary debate will include former Fox News star Megyn Kelly.
P&G Bought Gillette 18 Years Ago. It’s Still Paying the Price.
Procter & Gamble says it will book a $1.3 billion accounting charge on the shaving giant it acquired in 2005.
Activist Nuns, With Stake in Smith & Wesson, Sue Gun Maker Over AR-15 Rifles
Groups argue the company’s leaders put shareholders at risk by making a popular gun often used in mass shootings.
Source: Dow Jones Newswires