Anglo American Takes $4B Minas-Rio Writedown

Jan. 29 (Bloomberg) -- Bloomberg's Caroline Hyde reports that Anglo American Plc will write down $4 billion of the value of its Minas-Rio iron-ore project in Brazil and raise estimated spending a sixth time after expense blowouts forced Chief Executive Officer Cynthia Carroll to quit. She speaks on Bloomberg Television's "Countdown."

U.S. Economic Data: What Does It Mean to Investors?
25:50 - David Barse, chief executive officer at Third Avenue Management, Bloomberg's Joe Weisenthal and Bloomberg Gadfly columnist Lisa Abramowicz discuss what short-term economic data means to the average investor. They speak on "Bloomberg ‹GO›." (Source: Bloomberg)
  • Abengoa SA Tumbles on Seeking Creditor Protection
  • Brazil Billionaire Esteves Arrested in Probe
  • Target's Year-Round Planning to Win Black Friday