LONDON—Rio Tinto PLC and its partners approved the $5.3 billion underground expansion of the massive Mongolian Oyu Tolgoi copper and gold mine Friday, one of the biggest investments by a major miner in recent years.
TOKYO/SINGAPORE Asian shares wallowed at one-month lows on Friday as investors braced for the U.S. April payrolls report after jobless claims data raised doubts over the seemingly rosy employment picture.
... * Keeps 2016 global steel demand view of flat to up 0.5 pct. * Nudges up forecast for China, cuts forecast for Brazil. * Shares down 3 pct, but still up 50 pct this year (Adds share reaction, CFO comments).
Tribune Publishing Chairman Michael Ferro is interviewed May 5,2016, on CNBC. In an interview with the Chicago Tribune, Ferro said newly outlined plans will bring more value to shareholders than Gannett's offer for the company.
IT services provider Cognizant Technology Solutions Corp (CTSH.O) reported a 10 percent rise in revenue, helped by higher demand for its digital services.