Rio Tinto Cuts Copper Output Guidance

Rio Tinto now expects to produce between 135,000 and 175,000 metric tons of copper in the 12 months through December, down from an earlier forecast of 165,000-205,000 tons, following setbacks at its Kennecott mine in Utah. 


 
Trump Expresses Support for Oracle to Buy TikTok

President Trump voiced support on Tuesday for Oracle to buy the U.S. operations of TikTok, adding a fresh wrinkle to the bidding for the Chinese-owned video-sharing app. 


 
Citi Wins Freeze of Hedge Fund's $175 Million Revlon Loan Payment

A federal judge granted Citigroup's request to freeze roughly $175 million the bank said it paid hedge-fund manager Brigade Capital Management by mistake on a loan owed by troubled cosmetics company Revlon. 


 
Amazon Bets on Office-Based Work With Expansion in Major Cities

Amazon.com is expanding its physical offices in six U.S. cities and adding thousands of corporate jobs in those areas, an indication that it is making long-term plans around office work. 


 
Prosecutors Sue Teva's U.S. Business Over Charitable Donations

Federal prosecutors accused Teva Pharmaceutical's U.S. business of violating an anti-kickback law to shield Medicare patients from rising costs of a multiple sclerosis drug while ensuring the drug's sales. 


 
Boeing Plans New Staff Buyouts

The aerospace giant plans more job cuts in response to a pandemic-driven drop in jetliner demand it expects to continue for at least three years. 


 
NBCUniversal Vice Chairman Ron Meyer to Leave Company After Disclosing Affair

NBCUniversal said the towering Hollywood figure stepped down after failing to properly disclose that he had paid a settlement to a woman with whom he had a consensual affair several years ago. 


 
ViacomCBS in Talks to Sell Tech Site CNET to Red Ventures

The media company is in talks to sell tech news and reviews site CNET to digital-media holding company Red Ventures, as it looks to shed noncore assets and focus on video streaming. 


 
FedEx Adds Peak Fees on Shipments During Holiday Season

FedEx is adding extra fees on shipments during the holidays, joining United Parcel Service and the U.S. Postal Service in implementing surcharges. 


 
Johnson Controls Hires Company Outsider as Finance Chief

Johnson Controls International has designated Olivier Leonetti to succeed Brian Stief as chief financial officer.