Rio Tinto has cut about 100 jobs at its copper operation in Utah and warned further positions will be cut later this month to reduce operating costs after a pit-wall collapse in April.
Sears swung to a fiscal first-quarter loss from a profit a year earlier, when the retailer booked a large gain on asset sales. Revenue and margins also weakened in the latest period.
Promising quarterly results sent H-P's shares up more than 17% on Thursday, but checking off the next agenda items are likely to prove even tougher for H-P.
Dover Corp. said it plans to spin off its fast-growing consumer-electronics unit that makes parts for smartphones like Apple's iPhone, in a surprising move to sharpen the company's focus on its industrial roots.
President Obama said that the United States faces worse threats than Al Qaeda. Do you agree?