Rio Tinto stocks have been improving as a result of job cuts. Such cuts were confirmed on Friday, and initiated a short-lived advance of stock values. In today’s trading, however, even cuts in staff surrounding Rio Tinto’s floundering coal business or stepping back coal production have not been enough to prevent drops in stock prices. For today, stocks have already retreated 0.78% to 3167.00, and could be continuing to push further downward.
March 2, 2015 – Stock Market news
Rio Tinto stocks have been improving as a result of job cuts. Such cuts were confirmed on Friday, and initiated a short-lived advance of stock values. In today’s trading, however, even cuts in staff surrounding Rio Tinto’s floundering coal business or stepping back coal production have not been enough to prevent drops in stock prices. For today, stocks have already retreated 0.78% to 3167.00, and could be continuing to push further downward.
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