DETROIT (Reuters) -General Motors ( GM ) told shareholders on Wednesday that it would record two non-cash charges totaling more than $5 billion on its joint venture in China, one related to the restructuring of the operation and another reflecting its reduced value. GM expects the charge for restructuring costs to be $2.6 to $2.9 billion and the charge for...

06:37 AM EST, 12/04/2024 (MT Newswires) -- Rio Tinto (RIO) said Wednesday that it has partnered with Swedish investment firm Vargas, Mitsubishi, and other international and local industry players to explore a low-carbon aluminum greenfield project in Kokkola, Finland. The project aims to use Rio Tinto's aluminum smelting AP60 technology, which marks its first deployment outside of Quebec, Canada. The...

06:42 AM EST, 12/04/2024 (MT Newswires) -- Rio Tinto (RIO) said Wednesday it expects 2025 capital expenditure to be about $11 billion, up from about $9.5 billion for this year. The company also expects copper output to reach 780,000 to 850,000 tons in 2025, compared with 660,000 to 720,000 a year earlier. Rio Tinto also reaffirmed its decarbonization budget of...

(Reuters) -Dollar Tree's ( DLTR ) third-quarter profit and sales beat market expectations on Wednesday, as more customers shopped at its discount stores for non-expensive essentials including groceries, sending its shares up about 10% in premarket trading. Dollar Tree ( DLTR ) said CFO Jeff Davis will step down from his role, but will remain with the company until the...