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Stock Market & Financial Investment News

News Breaks
May 28, 2014
06:25 EDTRIORio Tinto to cut 300 jobs at Mongolia copper mine, Reuters reports
Rio Tinto plans to cut around 300 jobs at its Oyu Tolgoi copper and gold mine in Mongolia, reports Reuters. According to an Oyo Tolgoi employee who declined to be named, the company sent a memo to its staff that said "Given where we are now in the lifecycle of our project and the urgent need to reduce our costs, it is critical to the success of the business to address this now." Reference Link
News For RIO From The Last 14 Days
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October 23, 2014
06:27 EDTRIORio Tinto extends tenure of CEO Sam Walsh, CFO Chris Lynch
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October 16, 2014
10:01 EDTRIOOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Akamai (AKAM) downgraded to Market Perform from Outperform at Wells Fargo... CGG SA (CGG) downgraded to Reduce from Neutral at Nomura... Central Valley Community (CVCY) downgraded to Hold from Buy at Sandler O'Neill... DSM (RDSMY) downgraded to Neutral from Buy at Nomura... Disney (DIS) downgraded at Guggenheim... Francesca's (FRAN) downgraded to Underperform from Outperform at Macquarie... Netflix (NFLX) downgraded to Fair Value from Buy at CRT Capital... Nordstrom (JWN) downgraded to Neutral from Outperform at Macquarie... Norfolk Southern (NSC) downgraded at Credit Suisse... Rio Tinto (RIO) downgraded to Market Perform at Cowen... Seadrill (SDRL) downgraded to Reduce from Neutral at Nomura... Ternium (TX) downgraded to Neutral from Overweight at JPMorgan... Urban Outfitters (URBN) downgraded to Neutral from Outperform at Macquarie... Viacom (VIAB) downgraded at BofA/Merrill... eBay (EBAY) downgraded to Underperform from Buy at CLSA... lululemon (LULU) downgraded to Underperform from Neutral at Macquarie.
09:23 EDTRIOOn The Fly: Pre-market Movers
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07:43 EDTRIORio Tinto downgraded to Market Perform at Cowen
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06:29 EDTRIORio Tinto downgraded to Market Perform from Outperform at Cowen
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