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.
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.
Metrorail service has been restored after a small fire closed two stations, causing major delays ahead of Thursday's evening rush.